For its first fiscal quarter (ending July 31), NetApp Inc (NASDAQ: NTAP) has reported E.P.S. of $1.20 compared to $0.70 a year ago. E.P.S. were $5.25 for the latest four quarters through July 31 versus $5.61 for the same period a year ago.
Recent Price Action
NetApp Inc (NASDAQ: NTAP) stock declined slightly by -0.9% on 8/28/24. The stock closed at $131.91. Trading volume in this decline was normal. The stock is unchanged 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. NetApp has a slightly positive Appreciation Score of 61 and a very high Power Rating of 97, and the Highest Value Trend Rating results.
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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