19-Apr-2024
Pure Storage dips after Raymond James cuts rating
Seeking Alpha News (Fri, 19-Apr 9:19 AM ET)
Alphabet, NetApp And 2 Other Stocks Insiders Are Selling
Benzinga (Thu, 18-Apr 8:07 AM ET)
NetApp Partners with Google Cloud to Maximize Flexibility for Cloud Data Storage
Business Wire (Wed, 10-Apr 1:00 PM ET)
NetApp Wins Google Cloud Technology Partner of the Year Award for Infrastructure - Storage
Business Wire (Mon, 8-Apr 8:15 PM ET)
NetApp Empowers Customers to Securely "Talk to Their Data" in Collaboration with NVIDIA
Business Wire (Mon, 18-Mar 6:00 PM ET)
NetApp Appoints Technology Industry Titan Alessandra Yockelson as Chief Human Resources Officer
Business Wire (Mon, 18-Mar 8:00 AM ET)
NetApp Turbocharges AI Innovation with Intelligent Data Infrastructure
Business Wire (Tue, 5-Mar 8:00 AM ET)
Business Wire (Tue, 5-Mar 8:00 AM ET)
NTAP Overpriced Bull Put Spread has 54% Yield Potential
Market Chameleon (Fri, 1-Mar 11:28 AM ET)
Why Selling This Iron Condor Spread in NTAP Makes Sense for a $2.1 Credit
Market Chameleon (Fri, 1-Mar 11:27 AM ET)
NetApp Inc is a leading provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.
Netapp trades on the NASDAQ stock market under the symbol NTAP.
As of April 19, 2024, NTAP stock price declined to $97.95 with 1,498,299 million shares trading.
NTAP has a beta of 1.10, meaning it tends to be more sensitive to market movements. NTAP has a correlation of 0.18 to the broad based SPY ETF.
NTAP has a market cap of $20.45 billion. This is considered a Large Cap stock.
Last quarter Netapp reported $2 billion in Revenue and $1.94 earnings per share. This beat revenue expectation by $16 million and exceeded earnings estimates by $.25.
In the last 3 years, NTAP stock traded as high as $112.48 and as low as $58.08.
The top ETF exchange traded funds that NTAP belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
NTAP has outperformed the market in the last year with a return of +47.1%, while the SPY ETF gained +21.2%. In the last 3 month period, NTAP beat the market returning +13.9%, while SPY returned +4.3%. However, in the most recent 2 weeks NTAP has underperformed the stock market by returning -6.5%, while SPY returned -3.5%.
NTAP support price is $98.74 and resistance is $101.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NTAP stock will trade within this expected range on the day.