Preview: NetApp edges up ahead of results, focus on revenue

NetApp

02/09/2026 18:28

** NetApp Inc NTAP.O shares up 0.4% at 183.81 on Wed ahead of qtrly results after the bell, with investors watching for ongoing strong demand for hybrid cloud services
** The data storage and management co is expected to report qtrly rev up 18% to $1.84 bln and adj EPS of $2.12, vs $1.55 a yr ago, per LSEG
** Stock has jumped ~72% YTD, outperforming the Nasdaq's .IXIC 13% rise 
** The stock is about 12% below its all-time intra-day high of $209.06 reached on August 13, 2026
** Stock recently at 19 times expected earnings, vs its five-yr avg forward PE of 14, per LSEG data

 (Reporting by Noel Randewich)
 ((noel.randewich@thomsonreuters.com))