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
€108.68
-0.130%
Our community is currently high on NetApp Inc. with 9 Buy predictions and 3 Sell predictions.
However, we have a potential of -15.35% for NetApp Inc. as the target price of 92 € is below the current price of 108.68 €.
