NetApp Inc. (NTAP) has been on the radar of many billionaires, although it's received an average 'Hold' recommendation from brokerages. The company's highlighted its role as a key AI infrastructure supplier. It has strong third-quarter results, but nonetheless witnessed a drop in stock after sales failed to meet estimates. NTAP has partnered with NVIDIA, thus enabling a strong value proposition with its AI-Powered Storage Solutions. Despite underperforming the Dow, NTAP seems to be trending due to its validation for NVIDIA DGX SuperPOD, Cloud Partners, and NVIDIA-Certified Systems. Multiple companies such as Northwest & Ethical Investments L.P, Cibc World Markets Corp, Xponance Inc., and Zacks Research have shown interest in NTAP through various forms of investments. However, the company has experienced some missteps including revenue forecast impact and insider selling. Its Q3 earnings met estimates but the stock tanks on lowered guidance. Yet, it's noteworthy that it also posts record margins and strong flash storage growth. On a larger scale, the cloud storage firm is preparing for unprecedented AI investment surge by 2025.
Netapp NTAP News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sat, 22 Mar 2025 11:20:13 GMT -
Rating 0
- Innovation 2
- Information 5
- Rumor -2
