NetApp, Inc.’s (NTAP) Third-Quarter Preview
February 16, 2010 6:21 PM
Analysts Brian S. Freed and Samad Samana at Morgan Keegan have released a report previewing the third-quarter at NetApp, Inc. (NASDAQ: NTAP). The company is scheduled to report results for the third-quarter tomorrow.
Analysts expect the results to be stronger-than-expectations due to solid demand trends throughout the third-quarter. Analysts estimate revenue of $984 million in the quarter, which represents a 12.6% year-over-year growth, and 8.2% sequential growth. Analysts believe that the growth in the quarter was driven by the V-flier, and the FAS2000 product family.
Analysts expect the operating margins to be above the company’s historic target range. Analysts believe that there is potential for the company to raise its target operating model in the future.
Analysts at Morgan Keegan continue to rate NetApp, Inc. as an Outperform.
