NetApp, Inc. (NTAP) has been attracting interest from several investors and stakeholders including
Clark Capital Management Group, Brown Advisory Inc., Axa S.A., Schonfeld Strategic Advisors LLC, Bayesian Capital Management LP, Northern Trust Corp, Ameriprise Financial Inc. and
AQR Capital Management LLC, who have either increased their stakes or invested in the company.
Upgrades by well-known firms like
Barclays show confidence in its potential. There has been a rise in NTAP's stock due to favorable changes in revenue. The company is
partnering with tech giant
Intel to redefine AI for enterprises, showcasing NTAP's innovation in AI infrastructure. The company appointed Frank Pelzer to its board, boasting its leadership in AI and cloud. Despite some volatility, its stock
soared by 13.1% at one point and it
topped the Q3 EPS by 1c. However, Susquehanna downgraded NTAP due to AI demand concerns, but the company's improving margins and strong flash storage growth outshone this setback. Its successful
alliance with GOOGL for AI & enterprise workloads caused the stock to soar again. In short, NTAP notable growth, promising partnerships, and strong financials marked its headlines. It's important to note that while NTAP is expecting to grow, some reports do highlight concerns over revenue forecast impacts.
Netapp NTAP News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Sat, 10 May 2025 12:20:22 GMT -
Rating 7
- Innovation 7
- Information 9
- Rumor -4
