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NTAP Stock Summary and Trading Ideas (Netapp | NASDAQ:NTAP)

Charts for Today's Stock Price and Implied Volatility in Netapp

26-Nov-2024

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30-Day Implied Volatility | IV30 Full Chart

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Netapp (NTAP) Frequently Asked Questions

What does Netapp do?

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.

What symbol and exchange does Netapp shares trade?

Netapp trades on the NASDAQ stock market under the symbol NTAP.

What is Netapp stock price doing today?

As of November 26, 2024, NTAP stock price climbed to $129.60 with 2,475,932 million shares trading.

What is Netapp's Beta?

NTAP has a beta of 1.50, meaning it tends to be more sensitive to market movements. NTAP has a correlation of 0.29 to the broad based SPY ETF.

How much is Netapp worth?

NTAP has a market cap of $26.54 billion. This is considered a Large Cap stock.

How much money does Netapp make?

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.

What is the highest and lowest price Netapp traded in the last 3 year period?

In the last 3 years, NTAP traded as high as $135.45 and as low as $58.08.

What are the top ETFs holding Netapp?

The top ETF exchange traded funds that NTAP belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

Is Netapp (NTAP) a good investment?

NTAP has outperformed the market in the last year with a price return of +68.0% while the SPY ETF gained +33.5%. However, in the short term, NTAP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -2.3% vs +7.2% return in SPY. But in the last 2 weeks, NTAP shares have fared better than the market returning +6.3% compared to SPY +0.3%.

What are the support and resistance levels for Netapp (NTAP)?

NTAP support price is $124.19 and resistance is $128.17 (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.