NetApp, Inc. (NASDAQ:NTAP) most recently reported quarterly actual earnings per share of $0.28 for the period ending on 2016-07-31. Prior to the company reporting, consensus estimates based on data from Zacks Research projected the company to report EPS of $0.18. The difference between the estimate and the actual EPS was $0.1 creating a surprise factor of 55.56%. Currently, the company has an impact score of 86. The likelihood that the stock will move on news is greater with a higher impact score. According to Beta Research, the stock has a sentiment score of 0.441. On a scale between 1 and -1, a positive score tends to portray a favorable view of company results by news outlets. The opposite is true for a negative sentiment score.
In taking a look at where the stock might be headed, analysts have a consensus price target of $30.235 on the shares. The most bullish brokerage firm has a $45 target, while the most bearish sees the stock headed towards $22. This is according to the 17 estimates taken into consideration by Zacks Research.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 3.42. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. There were 17 recommendations taking into account in order to arrive at this number. Of the 17, 2 have a Strong Buy rating and 0 are rating it a Buy.
NetApp, Inc. (NetApp) is a provider of storage systems and data management solutions for information technology (IT) infrastructures. Its fabric-attached storage (FAS) platform offers the storage platform for business applications, shared infrastructures and cloud environments. NetApp is an original equipment manufacturer (OEM) storage provider and enables OEMs to offer IT and storage solutions that serve specific markets and customer requirements. It offers two storage platforms: FAS storage platform and E-Series platform. Its FAS storage systems offer integrated protection and data management for virtualized, shared infrastructures and business applications. NetApp offers storage solutions that incorporate its FAS platform and the functionality of its Data ONTAP data and storage resource management software. Its E-Series systems offer OEMs a modular storage platform.
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