NetApp reported a record fiscal first quarter with revenues rising 30% to $2.03 billion, surpassing expectations by $187 million. Earnings per share jumped 66%, reflecting strong profitability with a gross margin near 71% and an EBIT margin of 24.5%. The company raised its fiscal 2027 revenue guidance by $650 million, projecting 17% growth, though it anticipates slower growth in upcoming quarters. Despite this, NetApp's return on equity exceeds 100%, supporting a favorable 18x earnings multiple, making its stock attractive for investors within the $140–$155 range.
Barclays has maintained its Overweight rating on NetApp, reflecting confidence in the company's transition to cloud-focused data infrastructure and strong financial results. The firm raised its price target from $199 to $219, signaling expected stock...
NetApp, Inc. forecasts a strong quarterly earnings report with an EPS estimate of $2.12, up from $1.55 last year, and revenue projected at $1.84 billion, marking an 18.2% increase. This growth is supported by an extra week in the quarter and strong d...
