NetApp Inc (NTAP), an American multinational storage and data management company, has been making some impressive strides in the market. In the Q4, it topped EPS by 1c and also offered guidance. It matched revenue projections and even surpassed estimates in some instances. Financial investments into NetApp have been increasing, with Clear Rock Advisors and Alpha DNA Investment Management amongst the latest to invest. The company has been upgraded by multiple sources including J.P. Morgan and it has several raised price targets, the highest from Susquehanna at $138.00. Despite facing a small setback of -5.3% after Q4 earnings, the company showed strong response with a momentum rise and a revenue boost largely attributable to cloud-driven revenue. Shareholders have enjoyed a 17% CAGR over the last five years and some, including the President Cesar Cernuda, have seized the opportunity to sell shares. NetApp has released their FY 2025 earnings guidance and increased their dividends. The company has shown commendable growth in all-flash array and hybrid cloud. Experts suggest that the stock outpaces its peers in the Computer and Technology sector this year.
Netapp NTAP News Analytics from Tue, 28 Nov 2023 08:00:00 GMT to Sun, 02 Jun 2024 16:34:41 GMT -
Rating 8
- Innovation 7
- Rumor 6
