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NetApp (NTAP) Registers a Bigger Fall Than the Market: Important Facts to Note
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NetApp (NTAP - Free Report) ended the recent trading session at $185.26, demonstrating a -6.99% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.51%. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq decreased by 1.07%.
Shares of the data storage company witnessed a loss of 11.97% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 9.88%, and the S&P 500's loss of 0.87%.
The investment community will be paying close attention to the earnings performance of NetApp in its upcoming release. The company is slated to reveal its earnings on December 1, 2026. The company's earnings per share (EPS) are projected to be $2.6, reflecting a 26.83% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.11 billion, up 23.83% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.05 per share and revenue of $8.23 billion, which would represent changes of +23.62% and +18.91%, respectively, from the prior year.
Any recent changes to analyst estimates for NetApp should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. NetApp presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, NetApp is presently being traded at a Forward P/E ratio of 19.82. This expresses a premium compared to the average Forward P/E of 12.65 of its industry.
We can additionally observe that NTAP currently boasts a PEG ratio of 1.77. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. NTAP's industry had an average PEG ratio of 1.25 as of yesterday's close.
The Computer- Storage Devices industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 23, placing it within the top 10% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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NetApp (NTAP) Registers a Bigger Fall Than the Market: Important Facts to Note
NetApp (NTAP - Free Report) ended the recent trading session at $185.26, demonstrating a -6.99% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.51%. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq decreased by 1.07%.
Shares of the data storage company witnessed a loss of 11.97% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 9.88%, and the S&P 500's loss of 0.87%.
The investment community will be paying close attention to the earnings performance of NetApp in its upcoming release. The company is slated to reveal its earnings on December 1, 2026. The company's earnings per share (EPS) are projected to be $2.6, reflecting a 26.83% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.11 billion, up 23.83% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.05 per share and revenue of $8.23 billion, which would represent changes of +23.62% and +18.91%, respectively, from the prior year.
Any recent changes to analyst estimates for NetApp should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. NetApp presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, NetApp is presently being traded at a Forward P/E ratio of 19.82. This expresses a premium compared to the average Forward P/E of 12.65 of its industry.
We can additionally observe that NTAP currently boasts a PEG ratio of 1.77. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. NTAP's industry had an average PEG ratio of 1.25 as of yesterday's close.
The Computer- Storage Devices industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 23, placing it within the top 10% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.