The company, which provides storage systems and data management solutions for IT infrastructures, is expected by analysts to post earnings per share of 70 cents on revenue of $1.55 billion for the most recent quarter.
For the fiscal 2014 second quarter NetApp said its diluted earnings per share results were 48 cents, on revenue of $1.54 billion. These results increased over the previous fiscal year's second quarter.
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Shares of NetApp are down by 0.19% to $42.19 in early afternoon trading on Wednesday.
Separately, TheStreet Ratings team rates NETAPP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate NETAPP INC (NTAP) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins, increase in stock price during the past year, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow."