#NetApp Inc (NASDAQ:NTAP) stock is currently trading 25.25% below its 52-week-high, 25.94% above its 52-week-low. The 1-year stock price history is in the range of $20.66 – $34.81. NetApp Inc (NTAP) has a price to earnings ratio of 33.79 versus Technology sector average of 24.21. NTAP stock price has outperformed the Nasdaq by 1.7%. The Computers & Memory Devices company is currently valued at $7.39 billion, and its share price closed the last trading session at $26.02. The stock has a 50-day moving average of $24.43 and a 200-day moving average of $24.94.
NetApp Inc (NTAP) current short interest stands at 19.9 million shares. It has increased by 3% from the same period of last month. Around 19% of the company’s shares, which are float, are short sold. With a 10-days average volume of 3.23 million shares, the number of days required to cover the short positions stand at 6.2 days.
NTAP is forecasted to report earnings per share of $0.19 and a revenue of $1.26 billion for the 1st Quarter of the fiscal year 2016. NetApp Inc (NTAP) declared last quarter earnings on May 25. The Computers & Memory Devices company announced last quarter earnings per share of $0.54 against a consensus Street estimate of $0.58, missing estimate by $0.04. The company posted a revenue of $1.38 billion compared to an estimation of $1.4 billion.
http://www.streetreport.co/netapp-inc-nasdaqntap-should-it-be-in-your-portfolio/47652/
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