NetApp Inc. (NTAP) has seen significant activity with variations in holdings by different financial institutions. Truist Financial Corp, Savant Capital LLC, and Van ECK Associates Corp have increased their stakes, while Benjamin F. Edwards & Company Inc., Retirement Systems of Alabama, Swiss National Bank, and Victory Capital Management Inc. have decreased theirs. Despite minor dips, NTAP has proven to be a
strong value stock, outperforming the broader market and showing resilience with a
65% rise in the past year. The company reported
solid growth and record profitability in Q3 FY2024, with earnings and revenues surpassing estimates. NTAP is also making noteworthy advancements in technology, partnering with NVIDIA for AI applications and Google Cloud for maximum flexibility in cloud data storage. It continues to show strong financial performance, declaring dividends totalling to $0.50. NTAP stock has frequently been termed as a good buy, promising key returns on capital. However, some also highlight a deceleration in return on capital and a need to monitor their balance sheet health.
Netapp NTAP News Analytics from Wed, 23 Aug 2023 07:00:00 GMT to Fri, 10 May 2024 10:47:28 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor 2
