Why NetApp (NTAP) Outpaced the Stock Market Today

In the latest close session, NetApp (NTAP) was up +2.55% at $110.52. The stock outpaced the S&P 500's daily gain of 1.52%. On the other hand, the Dow registered a gain of 1.89%, and the technology-centric Nasdaq increased by 1.88%. Shares of the data storage company have appreciated by 2.98% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.05%, and the S&P 500's gain of 1.1%.Market participants will be closely following the financial results of NetApp in its upcoming release. The company plans to announce its earnings on August 27, 2025. The company is forecasted to report an EPS of $1.54, showcasing a 1.28% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.54 billion, down 0.11% from the year-ago period. NTAP's full-year Zacks Consensus Estimates are calling for earnings of $7.74 per share and revenue of $6.75 billion. These results would represent year-over-year changes of +6.76% and +2.66%, respectively. It's also important for investors to be aware of any recent modifications to analyst estimates for NetApp. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.1% higher. NetApp is currently a Zacks Rank #2 (Buy). In terms of valuation, NetApp is presently being traded at a Forward P/E ratio of 13.93. This denotes no noticeable deviation relative to the industry average Forward P/E of 13.93. It is also worth noting that NTAP currently has a PEG ratio of 1.99. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Computer- Storage Devices industry was having an average PEG ratio of 1.65. The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 26, finds itself in the top 11% echelons of all 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. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NetApp, Inc. (NTAP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks