NetApp Rises 1.89% Versus Market, Q2 EPS Seen at $2.08
Shares of the data storage company rose 1.89% versus a 0.33% market decline, but have lost 3.13% over the past month compared to a 1.09% drop for the Computer and Technology sector. Analysts expect 8.9% year-over-year EPS growth to $2.08 and 3.3% revenue growth to $1.70 billion in the upcoming quarter.
1. Stock Performance
In the latest session, NetApp shares climbed 1.89% while the S&P 500 fell 0.33%, the Dow rose 0.1% and the Nasdaq fell 0.59%. Over the past month, NetApp has dropped 3.13%, trailing the Computer and Technology sector’s 1.09% decline and a flat S&P 500.
2. Upcoming Earnings Forecast
NetApp is scheduled to report fiscal Q2 results on February 26, with analysts forecasting EPS of $2.08 (up 8.9% year-over-year) and revenue of $1.70 billion (up 3.3% year-over-year).
3. Full-Year Projections
For the full fiscal year, consensus estimates call for EPS of $7.92 (up 9.24%) and revenue of $6.76 billion (up 2.89%), reflecting modest top-line growth alongside stronger profit expansion.
4. Valuation and Industry Position
The company trades at a forward P/E of 13.1 versus an industry average of 18.27, indicating a valuation discount, and carries a PEG ratio of 1.83 in line with peers. Its industry ranks 18th out of more than 250, placing it in the top 8%.