NetApp Inc (NASDAQ: NTAP) has reported earnings for its second fiscal quarter (ending October 31) of $1.47 versus $1.12 for the same period a year ago — an increase of 31%. E.P.S. were $5.60 for the latest four quarters through October 31 versus $3.27 for the same period a year ago — an increase of 71%.
Recent Price Action
NetApp Inc (NASDAQ: NTAP) stock closed at $126.68 on 11/21/24 after a large increase of 2.6%. Moreover, trading volume in this advance was exceptionally high at 297% of normal. The stock has risen 5.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NetApp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. NetApp has a good Appreciation Score of 73 and a good Power Rating of 78, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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