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 $1.28 on revenue of $1.57B. Analysts polled by Investing.com anticipated EPS of $1.21 on revenue of $1.55B.
NetApp shares are up 34% from the beginning of the year and are trading at $88.94 , down-from-52-week-high.They are outperforming the Nasdaq which is up 20.56% from the start of the year.
NetApp follows other major Information Technology sector earnings this month
NetApp's report follows an earnings beat by NVIDIA on Wednesday, November 17, 2021, who reported EPS of $1.17 on revenue of $7.1B, compared to forecasts EPS of $1.11 on revenue of $6.82B.
Cisco had beat expectations on Wednesday, November 17, 2021 with first quarter EPS of $0.82 on revenue of $12.9B, compared to forecast for EPS of $0.8042 on revenue of $12.98B.
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