NTAP因自由现金流下降35%及财报前预期较高而面临抛售压力，分析师认为尽管业绩好于预期，当前估值已充分反映。
逐段跳播
Diane，让我们从NetApp在收盘后交易时段出现的波动开始，该公司在收入和利润方面取得了强劲业绩，并上调了全年预测。我们最初处于高位，现在当然下跌了约9%。问题是：哪里出了问题？
如果盈利超出预期，且指引略好于预期，那么这里发生了什么？
Diane, let's start with the fluctuations that occurred even in the post- closing session for NetApp, which achieved strong results in revenue and profits, and raised its forecasts for the entire year. We were initially on a high, and now of course we are down by about 9%. The question is: What went wrong ? If the earnings exceeded expectations, and if the guidance was slightly better than expected, then what happened here?
这与我提到的产生自由现金流这一点有关。这是这里的弱点。即使利润和收入增加，自由现金流也下降了35%。所以，问题是NetApp将其利润转化为现金的效率如何。
It relates to that point I mentioned about generating free cash flow. That was the weak point here. Free cash flow decreased by 35% even as profits and revenues increased. So, the question is how efficiently NetApp converts its profits into cash.
在报告发布之前也存在很高的预期。因此，如你所说，取得更好的业绩并提高预期，这在很大程度上已经是预料之中的。调整后每股收益为2.58美元，好于预期。收入超过了20亿美元大关。
There were also high expectations that prevailed before the report was released. Therefore, achieving better results and raising expectations, as you mentioned, was already largely expected . Adjusted earnings per share came in at $2.58, which was better than expected. Revenues exceeded the two billion dollar mark.
但请注意，该股今天上涨，自年初以来上涨约60%。现在按年度计算，在交易日开始前上涨约50%或略多。因此，我们看到投资者在审视自由现金流的现实后选择退一步。
But listen, this stock came in today up about 60% since the beginning of the year. And now on an annual basis, it's up by approximately 50% , or slightly more before the start of the day. Therefore, we see investors taking a step back after looking at the reality of free cash flow.
但同样，他们取得了好于预期的业绩，以下是预测。他们公布了本季度的展望，预测调整后每股收益在2.54美元至2.64美元之间。这高于共识预期。收入预计在20.3亿美元至20.8亿美元之间，与上一季度大致持平。但管理层预计增长将主要在这里继续。
But again, they achieved better-than-expected results , and here are the predictions. They have announced their outlook for the current quarter, forecasting adjusted earnings per share between $2.54 and $2.64. This is higher than the consensus estimates. Revenue is expected to range between $2.03 billion and $2.08 billion, which is roughly the same level as the last quarter. But management expects growth to continue primarily here.
然而，该股目前正面临投资者的抛售压力。关于分析师的反应，你会看到一些目标价的调整，但其中一些调整来自持中性观点的人。因此，他们认为该股当前的估值已经消化了所有因素。
However, the stock is currently under selling pressure from investors . Regarding the analysts' reaction, you see some adjustments to the target prices, but some of these adjustments are coming from those with a neutral outlook . Therefore, they believe that the current valuation of the stock has already incorporated all the factors.
这个频道对 $NTAP 的历次判断
Schwab Network 在这只股票上共 3 条判断，这里只列相邻的几条。