NetApp Inc (NASDAQ: NTAP) has reported earnings for its fourth fiscal quarter (ending April 30) of $1.41 versus $1.15 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $4.74 compared to $5.87 a year ago.
Recent Price Action
NetApp Inc (NASDAQ: NTAP) stock closed at $116.50 on 5/30/24 after a slight decline of -0.9%. Moreover, trading volume in this decline was exceptionally high at 215% of normal. The stock has risen 3.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NTAP’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
NetApp has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. NetApp has a neutral Appreciation Score of 60 but a very high Power Rating of 96, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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