In the latest market close, NetApp (NTAP) stock reached $122.09, up by +1.76% from the previous day, outperforming the S&P 500’s daily gain of 1%. Over the past month, NTAP has climbed by 2.92%, surpassing sector and index losses.

Analysts expect NetApp to report earnings of $1.90 per share, a 2.06% decline year-over-year, with estimated revenue of $1.69 billion, a 5.16% increase from the previous year. For the fiscal year, projections include earnings of $7.31 per share and revenue of $6.65 billion.

Investors should consider recent analyst estimate modifications for NetApp, which can indicate short-term business trends. The Zacks Rank system, with an average annual return of +25%, currently rates NetApp as a #2 (Buy) stock.

NetApp’s valuation metrics include a Forward P/E ratio of 16.4, higher than the industry average of 13.17. The PEG ratio of 2.29 suggests the stock’s growth potential compared to the industry average of 2.08.

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Read more at Nasdaq: Why NetApp (NTAP) Outpaced the Stock Market Today