Network Appliance will announce earnings soon. First Call says the announcement will be Wednesday, Aug. 12 (?). The consensus is for 18 cents per share (they earned 17 cents last quarter).
Also, the number of analysts covering NTAP has increased, but it appears that the average rating has dropped a bit:
biz.yahoo.com
shows 6 analysts - with 3 at 1.0 and 3 at 2.0, for an average rating of 1.5, while:
quicken.excite.com
shows 6 analysts with 4(1),1(2),1(3) for an average of 1.5, also - but a different mix.
The Schwab research site shows 7 analysts with an average rating of 1.4.
NTAP also says there are 7 analysts tracking the stock:
netapp.com
The projected long-term growth rate has also slowed a bit, to 38% annually, according to Schwab.
I'm hoping that NTAP can beat the expectations and this would be a nice quarter in which to do it (NTAP has met, but not beaten, consensus estimates since April, 1997):
biz.yahoo.com |
