EPS for Hewlett Packard Enterprise Co (HPE) Expected At $0.28; Netapp (NTAP) Sentiment Is 1.18

November 9, 2017 - By Stephen Andrade

NetApp, Inc. provides software, systems and services to manage and store customer data. The company has market cap of $12.23 billion. The Firm enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. It has a 21.83 P/E ratio. The Firm offers a portfolio of services and products that satisfy a range of customer workloads across different data types and deployment models.

Analysts expect Hewlett Packard Enterprise Co (NYSE:HPE) to report $0.28 EPS on November, 28.They anticipate $0.33 EPS change or 54.10% from last quarter’s $0.61 EPS. HPE’s profit would be $453.50 million giving it 12.09 P/E if the $0.28 EPS is correct. After having $0.31 EPS previously, Hewlett Packard Enterprise Co’s analysts see -9.68% EPS growth. It closed at $13.54 lastly. It is down 56.74% since November 9, 2016 and is uptrending. It has outperformed by 40.04% the S&P500.

Analysts await NetApp Inc. (NASDAQ:NTAP) to report earnings on November, 15. They expect $0.55 EPS, up 30.95% or $0.13 from last year’s $0.42 per share. NTAP’s profit will be $146.39 million for 20.89 P/E if the $0.55 EPS becomes a reality. After $0.52 actual EPS reported by NetApp Inc. for the previous quarter, Wall Street now forecasts 5.77% EPS growth.

Since January 1, 0001, it had 0 insider purchases, and 6 sales for $2.60 million activity.

About 1,050 shares traded. NetApp Inc. (NTAP) has risen 68.93% since November 9, 2016 and is uptrending. It has outperformed by 52.23% the S&P500.

Ratings analysis reveals 31% of NetApp’s analysts are positive. Out of 13 Wall Street analysts rating NetApp, 4 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $25.0 while the high is $46.0. The stock’s average target of $37.14 is -19.17% below today’s ($45.95) share price. NTAP was included in 13 notes of analysts from August 18, 2016. Lake Street maintained it with “Hold” rating and $32.0 target in Thursday, November 17 report. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, November 17. The company was upgraded on Thursday, November 17 by Drexel Hamilton. Maxim Group downgraded the shares of NTAP in report on Thursday, November 17 to “Hold” rating. The firm earned “Neutral” rating on Thursday, August 18 by JP Morgan. On Wednesday, December 7 the stock rating was downgraded by Credit Suisse to “Underperform”. On Thursday, April 6 the stock rating was upgraded by JMP Securities to “Mkt Perform”. The stock of NetApp Inc. (NASDAQ:NTAP) earned “Overweight” rating by Piper Jaffray on Tuesday, February 14. The firm earned “Buy” rating on Monday, September 26 by Cross Research. The rating was downgraded by Deutsche Bank on Monday, September 26 to “Sell”.

Sirios Capital Management L P holds 4.51% of its portfolio in NetApp Inc. for 2.27 million shares. Ivory Investment Management Llc owns 1.90 million shares or 2.83% of their US portfolio. Moreover, Lyons Wealth Management Llc. has 2.77% invested in the company for 49,245 shares. The California-based Aimz Investment Advisors Llc has invested 2.69% in the stock. Harber Asset Management Llc, a New York-based fund reported 151,022 shares.

Among 30 analysts covering Hewlett Packard Enterprise (NYSE:HPE), 8 have Buy rating, 3 Sell and 19 Hold. Therefore 27% are positive. Hewlett Packard Enterprise had 44 analyst reports since November 3, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 19 by Needham. The firm has “Hold” rating given on Thursday, March 30 by BMO Capital Markets. Credit Suisse upgraded Hewlett Packard Enterprise Co (NYSE:HPE) on Monday, December 14 to “Outperform” rating. The rating was initiated by Macquarie Research on Monday, February 22 with “Neutral”. The firm earned “Buy” rating on Thursday, December 3 by Argus Research. Gabelli initiated the shares of HPE in report on Monday, December 5 with “Buy” rating. The rating was initiated by JP Morgan on Wednesday, November 4 with “Neutral”. The firm has “Neutral” rating by Sterne Agee CRT given on Thursday, November 5. FBN Securities initiated Hewlett Packard Enterprise Co (NYSE:HPE) on Wednesday, November 25 with “Outperform” rating. The firm has “Buy” rating given on Thursday, June 9 by Deutsche Bank.