NetApp (NTAP) Advances While Market Declines: Some Information for Investors

Company Performance - NetApp (NTAP) closed at $124.58, with a slight increase of +0.04%, outperforming the S&P 500's loss of 0.43% on the same day [1] - Over the past month, NetApp's stock has decreased by 1.21%, underperforming the Computer and Technology sector's gain of 0.32% and the S&P 500's gain of 2.6% [1] Upcoming Earnings - NetApp is set to disclose its earnings on February 27, 2025, with projected earnings of$ 1.90 per share, reflecting a year-over-year decline of 2.06% [2] - The consensus estimate for revenue is $1.69 billion, indicating a growth of 5.16% compared to the same quarter last year [2] Full-Year Estimates - Zacks Consensus Estimates forecast NetApp's full-year earnings at$ 7.31 per share and revenue at $6.65 billion, representing year-over-year increases of +13.16% and +6.06%, respectively [3] - Recent changes in analyst estimates suggest optimism regarding NetApp's business and profitability [3] Valuation Metrics - NetApp has a Forward P/E ratio of 17.02, which is in line with the industry average [6] - The company has a PEG ratio of 2.38, matching the industry average as of the latest close [6] Industry Context - The Computer-Storage Devices industry, part of the broader Computer and Technology sector, holds a Zacks Industry Rank of 151, placing it in the bottom 40% of over 250 industries [7] - Research indicates that industries in the top 50% outperform those in the bottom half by a factor of 2 to 1 [7]