The company, which provides storage systems and data management solutions for IT infrastructures, said it expects its non-GAAP earnings per share for the upcoming quarter to be in a range between 74 cents and 79 cents per share, while analysts are expecting 80 cents per share for the quarter.
For the fiscal 2015 second quarter NetApp said its non-GAAP net income was $226 million, or 70 cents per share, compared to $232 million, or 66 cents per share for the year ago quarter.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Revenue for the latest quarter was $1.54 billion, compared to $1.55 billion for the fiscal 2014 second quarter.
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."
You can view the full analysis from the report here: NTAP Ratings Report