Valued at a market cap of $23.3 billion, NetApp, Inc. (NTAP) is a number one supplier of cloud-led, data-centric software program and storage options that assist enterprises handle and defend their knowledge throughout on-premises and cloud environments. The San Jose, California-based firm allows organizations to speed up digital transformation by simplifying knowledge administration and optimizing efficiency, safety, and price effectivity. It’s scheduled to announce its fiscal Q2 earnings for 2026 within the close to future.
Forward of this occasion, analysts count on this tech firm to report a revenue of $1.51 per share, down 1.3% from $1.53 per share within the year-ago quarter. The corporate has met or surpassed Wall Road’s earnings estimates in three of the final 4 quarters, whereas lacking on one other event. In Q1, NTAP’s EPS of $1.19 met the forecasted determine.
For fiscal 2026, analysts count on NTAP to report a revenue of $6.27 per share, up 8.3% from $5.79 per share in fiscal 2025. Moreover, its EPS is anticipated to develop 13.2% year-over-year to $7.10 in fiscal 2027.
NetApp has declined 1.9% over the previous 52 weeks, significantly underperforming each the S&P 500 Index’s ($SPX) 18.4% return and the Expertise Choose Sector SPDR Fund’s (XLK) 29.8% uptick over the identical time-frame.
On Aug. 27, NetApp posted better-than-expected Q1 earnings outcomes, resulting in a 4.5% rise in its share value within the following buying and selling session. The corporate’s income improved 1.2% year-over-year to $1.6 billion, surpassing consensus estimates by 1.3%. Furthermore, whereas its adjusted EPS of $1.55 declined marginally from the year-ago quarter, it topped analyst expectations by a penny. Moreover, its adjusted billings of $1.5 billion superior 4.3%, marking the seventh consecutive quarter of year-over-year development.
Wall Road analysts are reasonably optimistic about NTAP’s inventory, with an total “Average Purchase” score. Amongst 19 analysts masking the inventory, six advocate “Robust Purchase,” and 13 recommend “Maintain.” The imply value goal for NTAP is $121.73, indicating a 3.9% potential upside from the present ranges.
On the date of publication, Neharika Jain didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions. This text was initially printed on Barchart.com
