Netapp Stock News

NetApp Inc's (NTAP) CEO George Kurian on Q3 2022 Results - Earnings Call Transcript

NetApp (NTAP) delivered earnings and revenue surprises of 12.50% and 0.08%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

NetApp (NASDAQ:NTAP) is scheduled to announce Q3 earnings results on Wednesday, February 23rd, after market close.The consensus EPS Estimate is $1.29 (+17.3% Y/Y) and the consensus

NetApp (NTAP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

NetApp's (NTAP) fiscal third-quarter performance is likely to reflect strength in the Public Cloud Services and all-flash storage business.

We have narrowed our search to five stocks that will release earnings next week. These are: MOS, LPX, LOW, NTAP and ZS.

Someone with a lot of money to spend has taken a bearish stance on NetApp (NASDAQ: NTAP ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with NTAP, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 15 uncommon options trades for NetApp. This isn''t normal. The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish. Out of all of the special options we uncovered, 6 are puts, for a total amount of $355,590, and 9 are … Full story available on Benzinga.com

NetApp Inc. (NASDAQ:NTAP) is set to release its fiscal third-quarter results after the market close on Wednesday, Feb. 23.

GalaxZ22 Will Be Held May 19; Registration and Call for Speakers Now Open Zenoss Inc., the leader in AI-driven full-stack monitoring, today announced that GalaxZ22 will be held Thursday, May 19. The one-day digital conference will offer attendees a fully immersive interactive experience with free access to all keynotes, track sessions, subject matter experts, and networking opportunities. Since 2015, GalaxZ has hosted a rapidly growing audience of IT Ops, DevOps and SRE professionals from some of the world''s largest enterprises, including Google, Atlassian, AWS, BBC, United Airlines, PepsiCo, Dish Network, Nintendo, NetApp, Guardian Life, Nutanix, Saudi Aramco, Cisco and more. GalaxZ22 will feature industry luminaries, real-world customer case studies, and opportunities to network and connect with peers. "We have created a virtual conference unlike any other," said Greg Stock, chairman Full story available on Benzinga.com

Shares of NetApp have climbed 25% over the past year while fellow tech stocks have crumbled under the weight of overripe valuations. NetApp, meanwhile, trades at a relatively reasonable ~16x forward P

NetApp (NTAP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Momentum in cloud computing, IoT, auto, connected devices, VR and AI is expected to favor the prospects of the Zacks Computer - Storage Devices industry players like NetApp (NTAP), Western Digital (WD

We think that Nutanix Inc. currently is a better bet compared to NetApp Inc.. NTNX stock trades at 4.3x trailing revenues, higher than that of NTAP, whose P/S multiple stands at 3.3x.

Netapp Inc (NTAP) shares closed today at 1.5% below its 52 week high of $96.82, giving the company a market cap of $21B. The stock is currently up 4.3% year-to-date, up 50.2% over the past 12 months, and up 198.3% over the past five years. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.3%. Trading Activity Trading volume this week was 57.0% higher than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 179.6% The company's stock price performance over the past 12 months beats the peer average by 19.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 20.9% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.