NetApp's Earnings: Steady Growth Ahead

NetApp, a data storage company, is poised to unveil its latest earnings this Tuesday, following a quarter where it marginally increased revenue by 1.2% to $1.56 billion. Analysts predict a 1.7% year-over-year revenue growth to $1.69 billion for this quarter, a slowdown from last years 6.1% increase. Adjusted earnings are expected to be around $1.89 per share. Despite consistent analyst estimates, NetApps growth pace is slower than some competitors like IonQ and Diebold Nixdorf, which recently reported significant revenue increases and stock price hikes.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.