Why NetApp Inc. Stock Jumped 17.6% Today
Shares of NetApp (NASDAQ: NTAP) soared 17.6% higher just before 10 a.m. EST on Thursday. The data storage and analysis expert reported fiscal second-quarter earnings Wednesday night, crushing Wall Street's estimates across the board.
NetApp's second-quarter sales rose 6% year over year to land at $1.42 billion. Adjusted earnings surged 35% higher to $0.81 per share. The average analyst would have settled for earnings of $0.69 per share on revenue near $1.38 billion.
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Source: Fool.com
NetApp Inc. Stock
€168.28
1.260%
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 144 € is below the current price of 168.28 € for NetApp Inc., so the potential is actually -14.43%.
