NetApp Inc. (NTAP) trades an average of 8.28 million shares per day, and has a market cap of $15.89 billion. NetApp, Inc. provides enterprise storage and data management software and hardware products and services in the United States and internationally. The company was founded in 1992 and is headquartered in Sunnyvale, California.
Time Released: After closing bell
Industry: Computer storage devices
Recent Price: $43.60
52 Week High: $61.02
52 Week Low: $37.04
Book Value: $10.11
On average, 37 analysts are expecting $0.55 per share, a drop of $-0.04 in earnings per share compared to last quarter's results of $0.59. Investors will be looking to see a number north of $0.60 per share, based on the earnings estimates. Analyst estimates range between $0.52 and $0.57 per share.
The company has rising revenue year-over-year of $5.12 billion for 2011 vs. $3.93 billion for 2010. The bottom line has rising earnings year-over-year of $673.1 million for 2011 vs. $400.40 million for 2010. The company's earnings before income and taxes are rising with an EBIT year-over-year of $824.30 million for 2011 vs. $488.40 million for 2010.
Gross revenue is growing at an annual rate of 30.28%.
Gross reported revenue compared to the mean estimate (rounded).
| Fiscal Quarter Ending Month-Year | Revenue Estimates | Actual | $ Difference | Difference % |
|---|---|---|---|---|
| Apr-11 | $ 1.39 B | $ 1.43 B | $ 41.78 M | 3.01% |
| Jan-11 | $ 1.28 B | $ 1.27 B | $ -10.86 M | -0.85% |
| Oct-10 | $ 1.19 B | $ 1.21 B | $ 14.61 M | 1.22% |
| Jul-10 | $ 1.13 B | $ 1.14 B | $ 10.67 M | 0.95% |
| Apr-10 | $ 1.09 B | $ 1.17 B | $ 79.95 M | 7.32% |
M = millions, B = billions
Reported earnings per share compared to the mean estimate. Differences are rounded.
| Fiscal Quarter Ending Month-Year | Estimate | Actual | Difference | Difference % |
|---|---|---|---|---|
| Apr-11 | 0.53 | 0.59 | 0.06 | 11.32% |
| Jan-11 | 0.50 | 0.52 | 0.02 | 4% |
| Oct-10 | 0.49 | 0.52 | 0.03 | 6.12% |
| Jul-10 | 0.46 | 0.49 | 0.03 | 6.52% |
| Apr-10 | 0.44 | 0.50 | 0.06 | 13.64% |
(Some onetime items are often excluded in reported EPS)
I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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