Earnings Season Preview: NetApp Near Buy Zone With Quarterly Report Due

With its next earnings report due around Feb. 23, NetApp (NTAP) is trading approximately 7% below a 96.92 buy point. The current formation is a first-stage flat base.


Keep in mind that buying a stock just before it reports is risky, since poor numbers could send it sharply lower. You can reduce your exposure by waiting to see how the company reports and how the market reacts.

Looking For The Best Stocks To Buy And Watch? Start Here

The company reported 22% EPS growth in the latest quarterly report. Revenue increased 11%.

Consensus analyst estimates call for earnings-per-share growth of 16% for the quarter, and 25% growth for the full year. Annual earnings-per-share estimates were recently revised higher.

NetApp has a 95 Composite Rating and holds the No. 6 rank among its peers in the Computer Software-Storage industry group. Micron Technology (MU), Pure Storage (PSTG) and SmartGlobalHoldings (SGH) are among the top 5 highly rated stocks within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


Earnings Calendar, Analyst Estimates And Stocks To Watch

New Option Strategy Limits Risk Around Earnings

Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button