For its third fiscal quarter (ending January 31), NetApp Inc (NASDAQ: NTAP) has reported a -3% decline in E.P.S. from $1.52 a year ago to $1.47 in the current quarter. E.P.S. were $5.54 for the latest four quarters through January 31 versus $4.48 for the same period a year ago — an increase of 24%.
Recent Price Action
On 2/27/25, NetApp Inc (NASDAQ: NTAP) stock suffered a large decline of -5.0%, closing at $118.22. Moreover, unusually high trading volume at 184% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -5.1% during the last week.
Current PriceTarget Research Rating
NetApp has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. NetApp has a good Appreciation Score of 72 but a neutral Power Rating of 49, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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