NetApp, Inc. (NASDAQ:NTAP) has seen a significant amount of activity from various financial firms. Great Diamond Partners LLC and Forsta AP Fonden have reduced their stock holdings, while firms like Mediolanum International Funds Ltd, Pacer Advisors Inc., and KBC Group NV increased their positions in NTAP. NetApp has also made changes within their company: Wissam Jabre was appointed as CFO, and the company divested its FinOps business to Flexera. NTAP also saw some positive movement when it crossed above its 200-Day Moving Average, indicating possible upward trends. Looking at share performance, NTAP has reportedly outpaced the stock market and gained momentum, with some suggesting the surge might be just the beginning. Financial results for Q2 2025 highlighted record margins and strong growth in flash storage, while AI innovations are expected to drive revenue growth in 2025. NTAP has partnered with AWS Outposts to simplify hybrid cloud deployments and enhance operations at Levi's Stadium with the San Francisco 49ers. Insider trading saw some activity, with CEO George Kurian selling 8,500 shares. Despite some volatility, NetApp ended by beating Q2 earnings estimates and showing a promising outlook.
Netapp NTAP News Analytics from Tue, 04 Jun 2024 07:00:00 GMT to Sat, 01 Feb 2025 11:26:18 GMT -
Rating 7
- Innovation 5
- Rumor 2
