NetApp Sees Q4 Adj. EPS $1.73-$1.83 vs $1.73 Est., Net Revenues $1.585B-$1.735B vs $1.65B Est.
Portfolio Pulse from Benzinga Newsdesk
NetApp projects its Q4 adjusted EPS to be between $1.73 and $1.83, compared to the estimated $1.73. The company also forecasts net revenues to range from $1.585 billion to $1.735 billion, against an estimated $1.65 billion.
February 29, 2024 | 9:03 pm
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POSITIVE IMPACT
NetApp's Q4 earnings and revenue projections exceed analyst estimates, indicating potential positive momentum for the stock.
NetApp's projection of higher-than-expected earnings and revenues for Q4 suggests strong performance and operational efficiency. This positive outlook is likely to instill investor confidence and could lead to an uptick in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100