NetApp, Inc. (NASDAQ:NTAP) is set to announce second quarter earning results on Tuesday 1st December 2020, After Market Close.
Analysts surveyed by Thomson Reuters are predicting, NTAP to report 2Q21 income of $ 0.73 per share.
For the full year, analysts anticipate top line of $ 5404.27 million, while looking forward to income of $ 3.40 per share bottom line.
The Company Outlook
Earnings for 2Q21 are anticipated in a range of $ 0.66 ~ $ 0.74 per share, while revenues are expected in a range of $ 1,225.00 million ~ $ 1,375.00 million
Click Here For More Historical Outlooks Of NetApp, Inc.
Previous Quarter Performance
NetApp, Inc. disclosed income for the first quarter of $ 0.73 per share, from the revenue of $ 1,303.00 million. The quarterly earnings boosted 12.31 percent while revenues developed 5.42 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.41 per share from $ 1153.68 million in revenue. The bottom line results beat street analysts by $ 0.32 or 78.05 percent, at the same time, top line results outshined analysts by $ 149.32 million or 12.94 percent.
Stock Performance
Shares of NetApp, Inc. traded up $ 0.05 or 0.09 percent on Monday, reaching $ 53.31 with volume of 3.99 million shares. NetApp, Inc. has traded high as $ 53.37 and has cracked $ 52.33 on the downward trend
According to the previous trading day, closing price of $ 53.31, representing a 53.66 % increase from the 52 week low of $ 34.66 and a 18.54 % decrease over the 52 week high of $ 65.38.
The company has a market capital of $ 11.84 billion and is part of the Technology sector and Data Storage industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by Morgan Stanley to Equal-Weight from Underweight rating, with $ 49.00 target price.
Conference Call
NetApp, Inc. will be hosting a conference call at 5:00 PM eastern time on 1st December 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.netapp.com
NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Volumes ONTAP, NetApp Cloud Sync, NetApp Cloud Secure, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Kubernetes Service, and NetApp Cloud Insights.
