07:37 AM EST, 11/24/2025 (MT Newswires) -- NetApp ( NTAP ) is unlikely to miss earnings estimates for fiscal Q2 given the minimal buy-side expectations and management's tendency to be conservative with its forecasts, Wedbush Securities said in a note Monday.

Analysts said investor expectations are low going into the earnings, with sentiment relatively negative due to a lack of clear positive catalysts, combined with several concerns, including the US government shutdown, which may have impacted NetApp's ( NTAP ) performance in the October quarter.

Wedbush noted that demand for enterprise storage, which constitutes the bulk of the company's business, is yet to see a positive inflection tied to either refresh cycles or US tax policy.

NetApp ( NTAP ) is scheduled to report its fiscal Q2 earnings on Tuesday. In August, the company set a fiscal Q2 adjusted earnings guidance of $1.84 to $1.94 per share. Analysts polled by FactSet expect $1.88, while Wedbush estimates $1.90.

Wedbush reiterated its neutral rating on the stock and $110 price target.