5-Jul-2024
Pure Storage sinks as UBS downgrades amid competition worries
Seeking Alpha News (Tue, 2-Jul 7:41 AM ET)
NetApp Earns AAA Rating for Industry-First AI-Driven On-Box Ransomware Detection Solution
Business Wire (Wed, 26-Jun 8:00 AM ET)
Spot by NetApp Achieves FinOps Foundation's Certified Platform Certification
Business Wire (Thu, 20-Jun 8:00 AM ET)
NetApp Continues to Expand Sales Leadership Bench to Drive Aggressive Growth with U.S. Enterprises
Business Wire (Tue, 11-Jun 8:00 AM ET)
Business Wire (Tue, 4-Jun 4:01 PM ET)
Porsche Motorsport Appoints NetApp as Exclusive Intelligent Data Infrastructure Partner
Business Wire (Tue, 4-Jun 8:00 AM ET)
NetApp Reports Fourth Quarter and Fiscal Year 2024 Results
Business Wire (Thu, 30-May 4:01 PM ET)
NetApp and Lenovo Offer Converged Infrastructure Solution Optimized for GenAI
Business Wire (Tue, 14-May 8:00 AM ET)
NetApp Unveils Unified Data Storage Built for the AI Era
Business Wire (Tue, 14-May 8:00 AM ET)
New Market Research Finds Up to 20% of AI Initiatives Fail Without Intelligent Data Infrastructure
Business Wire (Tue, 7-May 8:00 AM ET)
NetApp Inc is a 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 July 5, 2024, NTAP stock price declined to $129.09 with 1,162,544 million shares trading.
NTAP has a beta of 1.02, 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 $26.95 billion. This is considered a Large Cap stock.
Last quarter Netapp reported $2 billion in Revenue and $1.80 earnings per share. This beat revenue expectation by $18 million and exceeded earnings estimates by $.02.
In the last 3 years, NTAP stock traded as high as $131.02 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 +73.7%, while the SPY ETF gained +26.7%. In the last 3 month period, NTAP beat the market returning +23.4%, while SPY returned +7.3%. However, in the most recent 2 weeks NTAP has underperformed the stock market by returning +1.5%, while SPY returned +1.9%.
NTAP support price is $128.01 and resistance is $131.47 (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.