|Bid||66.00 x 800|
|Ask||70.50 x 1800|
|Day's Range||69.09 - 70.34|
|52 Week Range||37.43 - 72.85|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.80 (1.19%)|
|1y Target Est||N/A|
A retail heavy earnings week and quiet economic calendar will great investors for the final full trading week of May ahead of the Memorial Day holiday weekend.
Today I will be providing a simple run-through of the discounted cash flows (DCF) method to estimate the attractiveness of NetApp Inc (NASDAQ:NTAP) as an investment opportunity. If you wantRead More...
NetApp (NTAP) has estimated its total available market (or TAM) to be $51 billion in fiscal 2018. NetApp’s estimated revenue for fiscal 2018 is $5.9 billion, which indicates that the company accounts for over 11.5% of the TAM. This market is estimated to grow at a CAGR (compound annual growth rate) of 2% and reach $53 billion by 2020 and $54 billion by 2021.
According to NetApp (NTAP), the data-driven digital transformation seen across industry verticals has accelerated business outcomes. This has resulted in an increase in profitability and contributed to top line revenue growth.
HPE Q2 revenues to reflect impact of its focus on enterprise market and drift from the hyperscaler business. Earnings might mirror benefits of low-margin businesses spin-off and share-buyback efforts.
Hewlett Packard Enterprise (HPE) stock has returned 18% in the last 12 months. The stock has remained flat in the last month and the last five trading days. HPE stock rose 60% in 2016 and 8.5% in 2017. Year-to-date, it has risen ~21%. Peers IBM (IBM), VMware (VMW), NetApp (NTAP), and Microsoft (MSFT) have returned -5%, 49%, 70%, and 42%, respectively, in the last 12 months.
Hewlett Packard Enterprise (HPE) is expected to announce its second-fiscal-quarter (ended in April) results on May 22. Analysts expect HPE to post revenue of ~$7.4 billion, representing a 0.8% YoY (year-over-year) decrease from ~$7.5 billion. Wall Street has a high revenue estimate of ~$7.8 billion and a low estimate of ~$7.1 billion for the company in the quarter.
Previously in this series, we learned that analysts expect HP Inc.’s (HPQ) revenues to rise ~9.5% YoY (year-over-year) in the fiscal second quarter. The company’s earnings per share are expected to rise ~20.0% in the quarter.
Cisco's (CSCO) Q3 earnings are likely to driven by its digitization capabilities, especially 5G initiatives. Strength in networking, cloud and security are other positive factors.
NetApp, Inc. is at a 52-week high, but can investors hope for more gains in the future? We take a look at the fundamentals for NTAP for clues.
Oracle Corp. executives on Monday signaled that they're investing heavily in artificial intelligence and automation as they try to fend of competitors like Amazon.com and Google in the cloud wars.