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NetApp Earnings Preview For Aug, 2013

NetApp Company Logo Image

NetApp, Inc. (NTAP)

Background: NetApp, Inc. engages in design, manufacture, marketing, and technical support of networked storage solutions. The company supply enterprise storage and data management software, and hardware products and services.

Investors are looking forward to improving first-quarter earnings after the market closes on August 14, 2013 The consensus opinion is presently 49 cents a share, a progression of 7 cents (14.3%) from 42 cents during the corresponding period last year. The lowest analyst estimate this report is 47 cents per share, and the highest is 51 cents per share.

Investors are receiving 60 cents in dividends for a yield of 1.4%.

Most of the analysts are bestowing this company a hold rating. 19 out of 36 are now rendering a hold recommendation. 15 recommend this as a buy and 2 recommend selling. For a company analysts are mostly rating a hold, the stock really appreciated, gaining 25% in the last year, and the average analyst target price for NetApp is $42.10.
 

Short interest over 10% should give pause to investors looking at this company. The current percentage of the float short is 11.1%.

 

 

(NTAP)

(EMC)

(HPQ)

Strong Buy

3

13

5

Moderate Buy

12

23

2

Hold

19

5

19

Moderate Sell Ratings

1

0

0

Strong Sell Ratings

1

0

7

Avg Analyst Price Target

$42.10

$30.32

$24.46

Revenue

$6.71 billion

$23.45 billion

$111.40 billion

Est Low EPS

0.47

0.43

0.78

Est High EPS

0.51

0.48

0.93

1 Year Stock Price Change

26.44%

-1.12%

37.51%

 

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