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Technology Stocks : Network Appliance
NTAP 111.56+2.1%Nov 28 9:30 AM EST

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To: KY who wrote (6051)2/1/2001 4:23:03 PM
From: Dave Gore  Read Replies (2) of 10934
 
Ky, it's a simple calculation. I use Briefing.com but there are other services which give you FY2001 earnings estimates. If you use consensus of 57-60 cents eps and divide by stock price, which was about $45, you get a forward PE of about 75. Simple calculation.

EMC and EMLX have a lower PE right now since they have reported and the new higher eps is entering into the calculation. With every quarter that NTAP reports the PE will go down, since even CURRENT PE usually looks at the last 4 quarters. Understand?
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