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NetApp Banks on Flash and Hybrid Cloud to Drive Revenues

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NetApp Banks on Flash and Hybrid Cloud to Drive Revenues PART 2 OF 9

Could NetApp’s Revenues Rise Year-over-Year in Fiscal 2018?

Analysts expect NetApp’s revenues to rise in fiscal 2018

As seen in the chart below, analysts expect NetApp’s (NTAP) revenues to rise 3.2% YoY (year-over-year) in fiscal 2Q18 to $1.38 billion, up from $1.34 billion in fiscal 2Q17. In fiscal 3Q18, which ends in January 2018, analysts expect its revenues to rise 2.7% YoY to $1.44 billion, up from $1.40 billion in fiscal 3Q17.

Analysts have estimated NetApp’s revenues to rise 2.7% YoY in fiscal 2018 as well to ~$5.7 billion compared to ~$5.5 billion in fiscal 2017. Its revenues are expected to grow 2.2% YoY in fiscal 2019 to ~$5.8 billion.

Could NetApp’s Revenues Rise Year-over-Year in Fiscal 2018?

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Earnings per share

NetApp has beaten its EPS (earnings per share) estimates in the last four consecutive quarters. In fiscal 2Q18, analysts expect the firm’s EPS to rise 15% YoY to $0.69. Analysts also expect NetApp’s EPS to rise 3.7% YoY to $0.85 in fiscal 3Q18, 14.3% YoY to $3.12 in fiscal 2018, and 9% YoY to $3.4 in fiscal 2019.

NetApp’s bottom line is estimated to grow at a much faster pace compared to its revenues due to its cost-reduction activities. NetApp has a market cap of ~$11.3 billion. Its peer storage companies Dell Technologies (DVMT), Pure Storage (PSTG), and IBM (IBM) have market caps of $15.6 billion, $3.1 billion, and $134 billion, respectively.

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