NetApp Set New High For Year Thursday

NetApp Inc. (NTAP) announced second quarter EPS of $0.37 after the close Wednesday, which topped the consensus estimate of $0.30. The company expects to report third quarter EPS of $0.36 to $0.37, compared to the consensus estimate of $0.36.

NetApp Inc. gapped open sharply higher Thursday, but traded in a narrow range throughout the session. The stock finished up by $1.21 at $30.83 on above average volume. NetApp rose above a week and a half long range and set a new high for the year.

by RTTNews Staff Writer

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