NetApp, Inc. (NASDAQ:NTAP) is expected to report first quarter earnings results, after market close, on Wednesday 26th August 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.41 per share.
Looking ahead, the full year income are expected at $ 3.28 per share on the revenues of $ 5122.97 million.
The Company Outlook
Revenue for 1Q21 are expected in a range of $ 1,090.00 million ~ $ 1,240.00 million
Click Here For More Historical Outlooks Of NetApp, Inc.
Previous Quarter Performance
NetApp, Inc. recorded income for the fourth quarter of $ 1.19 per share, from the revenue of $ 1,401.00 million. The quarterly earnings decreased 2.46 percent while revenues declined 12.00 percent compared with the same quarter last year.
Wall street analysts are predicting, NTAP to report 4Q20 income of $ 1.15 per share from revenue of $ 1432.43 million. The bottom line results beat street analysts by $ 0.04 or 3.48 percent, at the same time, top line results fell short of analysts by $ 31.43 million or 2.19 percent.
Stock Performance
Shares of NetApp, Inc. traded low $ -0.52 or -1.23 percent on Tuesday, reaching $ 41.78 with volume of 1.64 million shares. The stock opened positive for the day at $ 42.33, after closing the previous day trading at $ 42.30.
According to the previous trading day, closing price of $ 42.30, representing a 22.04 % increase from the 52 week low of $ 34.66 and a 35.3 % decrease over the 52 week high of $ 65.38.
The company has a market capital of $ 9.27 billion and is part of the Technology sector and Data Storage industry.
Recent Stock Dividend Announcement
On May 27, 2020, the board of directors authorized quarterly dividend of $ 0.48 per share to holders of record as of the close of business on July 10, 2020, with payment date of July 29, 2020 and ex-dividend date on July 9, 2020.
Conference Call
NetApp, Inc. will be hosting a conference call at 5:00 PM eastern time on 26th August 2020, to discuss its 1Q21 financial results with the investment community. The participants may dial, (855) 219-9569 or (408) 427-3882 Toll Number, with passcode : NETAPP in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/2k6wxz2e
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.
