5 Stocks Gaining Attention After Releasing Their Earnings Reports

In this article, we discuss the 5 stocks gaining attention after releasing their earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Gaining Attention After Releasing Their Earnings Reports.

5. NetApp, Inc. (NASDAQ:NTAP)

Number of Hedge Fund Holders: 29

Shares of NetApp, Inc. (NASDAQ:NTAP) rose more than two percent in the after-hours trading session on Tuesday, 30 November 2021, after announcing better-than-expected financial results for its fiscal second quarter.

The data management solutions provider reported adjusted earnings of $1.28 per share, up from $1.05 per share in the same period last year. Analysts were expecting NetApp, Inc. (NASDAQ:NTAP) to earn $1.21 per share.

Revenue for the quarter jumped 11 percent on a year-over-year basis to $1.57 billion, beating expectations of $1.55 billion. Revenue from the hybrid cloud segment increased to $1.48 billion versus $1.37 billion in the year-ago quarter. In comparison, revenue from the public cloud segment came in at $87 million, significantly higher than $47 million in the same period last year.

The company also released the financial outlook for its fiscal third quarter. NetApp, Inc. (NASDAQ:NTAP) expects adjusted earnings in the range of $1.21 – $1.31 per share and revenue between $1.525 – $1.675 billion for the current quarter.