THE TRUTH ABOUT: What to expect from netapp s next quarterly earnings report - The Untold Story

Valued at $21.2 billion by market cap, San Jose, California-based NetApp, Inc. (NTAP) provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures. The company operates through Hybrid Cloud and Public Cloud segments, and its operations span the Americas, EMEA, and the Indo-Pacific.

The tech major is expected to announce its first-quarter results on Wednesday, Aug. 27. Ahead of the event, analysts expect NTAP to deliver a profit of $1.19 per share, down 4% from $1.24 per share reported in the year-ago quarter. While the company has missed the Street’s bottom-line estimates once over the past four quarters, it has surpassed the projections on three other occasions.