NetApp (NTAP) Rises Higher Than Market: Key Facts

NetApp (NTAP) closed at $209.74, outperforming the S&P 500 with a +1.14% gain. The company holds a Zacks Rank #1 (Strong Buy) rating with projected quarterly EPS of $2.6 (+26.83% YoY) and revenue of $2.11 billion (+23.83% YoY). While trading at a premium valuation with a Forward P/E of 20.64 versus the industry average of 11.58, the Computer-Storage Devices industry ranks in the top 10% of all industries.