NetApp Shares Decline Amid Market Gains, Earnings Growth Lags

NetApp Inc. (NASDAQ: NTAP) has shown strong long-term growth, with its stock price increasing 166% over five years and earnings per share (EPS) growing at 11% annually, reflecting positive market sentiment. Despite a recent dip, with a 1.09% decline marking seven consecutive days of losses, the company still outperforms the S&P 500's recent gains and is expected to report modest year-over-year earnings growth of around 1.07% for the upcoming quarter. Analysts have slightly raised their EPS estimates in the past month, keeping NetApp at a Zacks Rank #3 (Hold), indicating cautious optimism. This contrasts with the broader market's positive performance, including the S&P 500 and Dow Jones Industrial Average gains. Insider buying activity and steady revenue growth underpin confidence in NetApp's business fundamentals, despite short-term stock price fluctuations. Meanwhile, Keysight Technologies experienced a minor decline, closing below its 52-week high, highlighting varied performance within the tech sector.