NetApp, Inc. (NTAP) is expected to report quarterly earnings of $1.26 a share on sales of $1.6 billion after the market closes on Wednesday, based on a FactSet survey of 26 analysts.
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.
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