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Barchart
Rashmi Kumari

Earnings Preview: What to Expect From NetApp's Report

NetApp NTAP

NetApp, Inc. (NTAP), headquartered in San Jose, California, is a data management and storage solution serving a company with diverse industries worldwide. Known for delivering innovative cloud and data services, NetApp empowers businesses to streamline and optimize their data environments with a market cap of $24.7 billion. The company is scheduled to release its Q2 earnings report on Tuesday, Nov. 26.

Ahead of the event, analysts expect NetApp to report a profit of $1.45 per share, up 17.9% from $1.23 in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on one other occasion.

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