Citi sees recovery in infrastructure demand with AI 'lumpiness' ahead of IT hardware earnings
Seeking Alpha News (Sun, 23-Feb 8:00 AM ET)
NetApp (NTAP) Receives a Hold from Citi
TipRanks (Fri, 21-Feb 6:26 AM ET)
Analysts Conflicted on These Technology Names: NetApp (NTAP), Appian (APPN) and Clarivate (CLVT)
TipRanks (Thu, 20-Feb 7:00 AM ET)
NetApp rises after upgrade at BofA
Seeking Alpha News (Wed, 19-Feb 7:09 AM ET)
NetApp Revolutionizes Block Storage to Meet Demands of Modern Workloads
Business Wire (Tue, 11-Feb 8:00 AM ET)
NetApp Hosts Third Quarter of Fiscal Year 2025 Financial Results Webcast
Business Wire (Wed, 5-Feb 4:01 PM ET)
NetApp Science-Based Sustainability Goals Validated by SBTi
Business Wire (Thu, 30-Jan 8:00 AM ET)
Wissam Jabre Joins NetApp as Executive Vice President and Chief Financial Officer
Business Wire (Tue, 28-Jan 4:45 PM ET)
San Francisco 49ers and NetApp Team up to Elevate Operations and Fan Experience
Business Wire (Tue, 28-Jan 8:00 AM ET)
Flexera to Acquire FinOps Business from NetApp, Inc. to Strengthen FinOps Portfolio
Globe Newswire (Wed, 15-Jan 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 February 24, 2025, NTAP stock price declined to $123.49 with 1,719,091 million shares trading.
NTAP has a beta of 1.38, meaning it tends to be more sensitive to market movements. NTAP has a correlation of 0.31 to the broad based SPY ETF.
NTAP has a market cap of $25.11 billion. This is considered a Large Cap stock.
Last quarter Netapp reported $2 billion in Revenue and $1.87 earnings per share. This beat revenue expectation by $18 million and exceeded earnings estimates by $.09.
In the last 3 years, NTAP traded as high as $135.45 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 price return of +48.4% while the SPY ETF gained +21.6%. However, in the short term, NTAP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -2.1% vs +1.0% return in SPY. But in the last 2 weeks, NTAP shares have fared better than the market returning +0.5% compared to SPY -0.5%.
NTAP support price is $122.01 and resistance is $126.93 (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 shares will trade within this expected range on the day.