**NetApp, Inc. (NTAP)** has been receiving mixed reactions in the marketplace. Some big names like **Allstate**, **Westpac**, and **Alliancebernstein** have shown increasing confidence in NetApp, acquiring and increasing their shareholdings. **Norges Bank** and **Edmond DE Rothschild Holding S.A.** also made substantial investments. At the same time, several retirement and asset management firms, including **California Public Employees Retirement System** and **O Shaughnessy Asset Management LLC**, have sold significant portions of their NTAP holdings. Analysts believe NTAP is a promising investment, stating it's heavily undervalued with 34% to even 50%. The company's new appointments, including **Frank Pelzer** joining the board and **Wissam Jabre** as CFO, highlight their focus on AI and data infrastructure. Their Q3 results displayed strong performance, particularly in AI infrastructure supply. However, NetApp's stock took a hit after the revenue forecast affected its shares, despite the actual Q3 results and EPS beating estimates. The company has aligned with **Nividia** to expedite their AI data infrastructure. Regarding its products, the recent divestment of the Spot FinOps business to **Flexera** is noted, generating speculation about NTAP's stock performance. **NetApp's AI innovations** are particularly noted as potential revenue growth drivers in 2025.
Netapp NTAP News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sat, 05 Apr 2025 21:53:50 GMT -
Innovation 3
- Information 5
- Rumor -5
