Investing.com - NetApp (NASDAQ:NTAP) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NetApp announced earnings per share of $1.05 on revenue of $1.42B. Analysts polled by Investing.com anticipated EPS of $0.7261 on revenue of $1.32B.
NetApp shares are down 12% from the beginning of the year and are trading at $54.24 , down-from-52-week-high.They are under-performing the Nasdaq which is up 37.7% from the start of the year.
NetApp follows other major Technology sector earnings this month
NetApp's report follows an earnings beat by NVIDIA on Wednesday, November 18, 2020, who reported EPS of $2.91 on revenue of $4.73B, compared to forecasts EPS of $2.58 on revenue of $4.42B.
Cisco had beat expectations on Thursday, November 12, 2020 with first quarter EPS of $0.76 on revenue of $11.93B, compared to forecast for EPS of $0.7049 on revenue of $11.85B.
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