NEW YORK (TheStreet) -- Shares of NetApp (NTAP) - Get Report are rising by 2.27% to $25.25 on heavy trading volume late Tuesday afternoon, ahead of the company's 2016 fiscal fourth quarter results, due out after tomorrow's closing bell.
Wall Street is expecting the Sunnyvale, CA-based storage and data management company to report earnings of 58 cents per share on revenue of $1.4 billion.
During the same quarter last year, NetApp reported earnings of 65 cents per share on revenue of $1.54 billion.
About 3.22 million of the company's shares changed hands by late this afternoon, above its average volume of 2.81 million shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins.
However, the team also finds weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: NTAP