NetApp (NTAP) Scheduled to Post Earnings on Wednesday
NetApp (NASDAQ:NTAP) will be releasing its Q414 earnings data on Wednesday, May 21st. Analysts expect NetApp to post earnings of $0.79 per share and revenue of $1.67 billion for the quarter.
NetApp (NASDAQ:NTAP) opened at 34.29 on Tuesday. NetApp has a one year low of $33.34 and a one year high of $45.96. The stock’s 50-day moving average is $35.71 and its 200-day moving average is $39.23. The company has a market cap of $11.359 billion and a P/E ratio of 19.58.
A number of analysts have recently weighed in on NTAP shares. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of NetApp in a research note on Monday. They now have a $39.00 price target on the stock, down previously from $45.00. On a related note, analysts at ING cut their price target on shares of NetApp from $48.00 to $39.00 in a research note on Monday. Finally, analysts at Brean Capital cut their price target on shares of NetApp from $48.00 to $39.00 in a research note on Monday. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have assigned a buy rating to the company. NetApp has an average rating of “Hold” and an average price target of $41.11.
NetApp, Inc (NASDAQ:NTAP) is a provider of storage systems and data management solutions for information technology (IT) infrastructures.
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