In the same period a year ago the company posted earnings of $1.05 a share on sales of $1.6 billion. The stock has risen 2.6% since the company last reported earnings on Feb. 13. Quarterly estimates have risen less than 1 cent a share in the past month.
NetApp is currently trading at a price-to-forward-earnings ratio of 13.5 based on the 12-month estimates of 27 analysts surveyed by FactSet.
Jim Cramer and the Action Alerts Plus team are watching the Technology Hardware Storage & Peripherals sector. To find out more about what stocks they like in the industry, click here now to get more from Action Alerts PLUS.
Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here.