NetApp, Inc. (NTAP - Free Report) was a big mover last session, as its shares rose more than 6% on the day. The move came after the company reported second-quarter fiscal 2017 adjusted earnings of 60 cents a share, beating EPS estimates of 54 cents. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.45 to $34.93 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
NetApp currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the comp-storage devices space is Western Digital Corporation (WDC - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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