NetApp, Inc. (NASDAQ:NTAP) has been a consistent topic in recent investment news. The data management solutions provider has experienced transactions with different players in the market including M&T Bank Corp, Qsemble Capital Management LP, and Benjamin F. Edwards & Company Inc., all marking decreases in their holdings. NetApp's stock has displayed fluctuations with some occasions seeing significant plunges. However, despite this, strong growth, solid Q3 earnings and revenues surpassing estimates been reported. The company has partnered with NVIDIA on advanced RAG for AI applications which could imply innovative steps. Its free cash flow results suggest potential for higher NTAP value. The firm's president, Cesar Cernuda sold 22,000 shares, and Retirement Systems of Alabama and Swiss National Bank lowered their stakes. In contrast, Netapp's stocks have seen acquisitions by First Horizon Advisors Inc., Van ECK Associates Corp, and First Trust Direct Indexing L.P. Its stock ended up 65% higher in the past year, although Q3 EPS underperformed Wall Street estimates. Arthur Beaty, Netapp's Senior VP and Controller was promoted to VP, Finance, and Dallas Olson was appointed as new Chief Commercial Officer.
Netapp NTAP News Analytics from Mon, 18 Sep 2023 07:00:00 GMT to Sun, 12 May 2024 21:05:35 GMT -
Rating 6
- Innovation 4
- Information 6
- Rumor 3
