NEW YORK (TheStreet) -- NetApp (NTAP) is scheduled to release its fiscal 2015 fourth quarter earnings results after the market close today, and analysts are expecting the storage and data management software, systems, and services provider to post a year-over-year decline in earnings and revenue for the most recent quarter.
NetApp has been forecast to report earnings of 72 cents per share on revenue of $1.59 billion for the fourth quarter.
Last year, NetApp said its non-GAAP earnings were 84 cents per share on revenue of $1.65 billion for the fiscal 2014 fourth quarter.
Shares of NetApp are up by 0.40% to $35.49 in early afternoon trading on Wednesday. So far today, 1.17 million shares of NetApp have exchanged hands as compared to its average daily volume of 3.26 million shares.
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 growth in earnings per share, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income."