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NetApp (NASDAQ:NTAP) will release its Q115 earnings data on Wednesday, August 13th. Analysts expect NetApp to post earnings of $0.57 per share and revenue of $1.47 billion for the quarter. NetApp has set its Q1 guidance at $0.53-0.58 EPS.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.05. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company posted $0.69 earnings per share. NetApp’s revenue was down 3.9% compared to the same quarter last year. On average, analysts expect NetApp to post $2.96 EPS for the current fiscal year and $3.20 EPS for the next fiscal year.

NetApp (NASDAQ:NTAP) opened at 39.32 on Tuesday. NetApp has a 52 week low of $33.34 and a 52 week high of $45.96. The stock’s 50-day moving average is $37.4 and its 200-day moving average is $37.64. The company has a market cap of $12.720 billion and a price-to-earnings ratio of 21.31. NetApp also was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 7,973,104 shares, a growth of 36.1% from the July 15th total of 5,858,719 shares. Based on an average daily trading volume, of 3,428,833 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.5% of the company’s stock are short sold.

A number of analysts have recently weighed in on NTAP shares. Analysts at RBC Capital raised their price target on shares of NetApp from $38.00 to $41.00 in a research note on Friday. On a related note, analysts at Evercore Partners raised their price target on shares of NetApp from $4.00 to $43.00 in a research note on Friday. Finally, analysts at Pacific Crest raised their price target on shares of NetApp from $41.00 to $46.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.11.

In other NetApp news, Director Daniel J. Warmenhoven unloaded 20,000 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $38.44, for a total transaction of $768,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NetApp, Inc (NASDAQ:NTAP) is a provider of storage systems and data management solutions for information technology (IT) infrastructures.

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