- The company announced its acquisition strategy for FY 2022 and has since completed acquisitions of CloudCheckr and Data Mechanics.
- Though the company has good earnings and revenue, its high level of debt relative to its equity could prove problematic.
- It is scheduled to release its next earnings on November 30th, where it is expected to announce $1.22 in EPS and $1.55 billion in revenue.
- The market has taken a bearish position in the past seven days, erasing most of the gains since the last earnings announcement.
For further details see:
NetApp: Poor Short-Term Outlook, Strong Long-Term Outlook