Company Performance - NetApp (NTAP) closed at $124.58, with a slight increase of +0.04%, outperforming the S&P 500's loss of 0.43% on the same day [1] - Over the past month, NetApp's stock has decreased by 1.21%, underperforming the Computer and Technology sector's gain of 0.32% and the S&P 500's gain of 2.6% [1] Upcoming Earnings - NetApp is set to disclose its earnings on February 27, 2025, with projected earnings of $1.90 per share, reflecting a year-over-year decline of 2.06% [2] - The consensus estimate for revenue is $1.69 billion, indicating a growth of 5.16% compared to the same quarter last year [2] Full-Year Estimates - Zacks Consensus Estimates forecast NetApp's full-year earnings at $7.31 per share and revenue at $6.65 billion, representing year-over-year increases of +13.16% and +6.06%, respectively [3] - Recent changes in analyst estimates suggest optimism regarding NetApp's business and profitability [3] Valuation Metrics - NetApp has a Forward P/E ratio of 17.02, which is in line with the industry average [6] - The company has a PEG ratio of 2.38, matching the industry average as of the latest close [6] Industry Context - The Computer-Storage Devices industry, part of the broader Computer and Technology sector, holds a Zacks Industry Rank of 151, placing it in the bottom 40% of over 250 industries [7] - Research indicates that industries in the top 50% outperform those in the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - NetApp (NTAP) is showing potential as a strong investment opportunity due to its recent technical movements and positive earnings revisions [1][2][3] Technical Analysis - NTAP has recently crossed above the 200-day moving average, indicating a long-term bullish trend [1] - The stock has rallied 5.6% over the past four weeks, suggesting upward momentum [2] - The 200-day simple moving average serves as a significant support level for NTAP [2] Earnings Estimates - There have been 2 upward revisions in earnings estimates for the current fiscal year, with no downward revisions [3] - The consensus earnings estimate for NTAP has also increased, reinforcing the positive outlook [3] Investment Sentiment - NTAP currently holds a Zacks Rank of 2 (Buy), indicating favorable market sentiment [2] - The combination of technical indicators and positive earnings revisions suggests that NTAP may be poised for further gains in the near future [3]

Company Performance and Market Position - NetApp's stock has increased by 46% since the beginning of 2024, outperforming the S&P 500 index which is up 28% [1] - The company's Hybrid Cloud business is showing signs of recovery with a 6% year-over-year revenue growth to $1.5 billion in the first half of FY'25 [2] - NetApp's full-year revenue guidance has been lifted to $6.54-$6.74 billion, with expected growth of approximately 6% and full-year EPS anticipated to be in the range of $7.20-$7.40, a 13% year-over-year growth [5] Industry Trends and Opportunities - NetApp is poised to benefit from the demand for artificial intelligence, particularly in large-language model environments, which could drive higher sales of its hardware and tools [3] - The company could see increased demand for its flash-based products over lower-speed hard disk-based products, as flash-based memory works better with high-performance GPUs from companies like Nvidia and AMD [3] - NetApp expects its total addressable market to expand by more than $100 billion by 2027, with significant contributions from the all-flash data market ($40 billion), file and block storage ($27 billion), public cloud ($27 billion), and artificial intelligence storage space ($14 billion) [6] Financial Metrics and Valuation - NetApp's stock is trading at a little over 18x consensus FY'25 earnings, with a price estimate of about $130, almost in line with the market price as of January 22 [5] - The company's margins are likely to trend higher due to a higher mix of all-flash array sales and increased cloud and services revenue [6] Historical Performance and Volatility - NetApp's stock has shown considerable volatility over the last 4-year period, with annual returns of 42% in 2021, -33% in 2022, 51% in 2023, and 34% in 2024 [4] - The Trefis High Quality Portfolio, consisting of 30 stocks, has been less volatile and has outperformed the S&P 500 over the same period [4]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

NetApp’s (NTAP) shares have proven resilient, with a 37.8% gain in the past year, outpacing the industry’s growth of 10.7%. NetApp provides enterprise storage as well as data management software and hardware products and services.It has also outperformed the Zacks Computer and Technology sector and the S&P 500 composite’s growth of 27.8% and 24.8%, respectively. Closing at $122.09 in the last trading session, NTAP stock is currently trading 9.9% below its 52-week high of $135.45, attained on Nov. 22, 2024.P ...

In the latest market close, NetApp (NTAP) reached $122.09, with a +1.76% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1%. Meanwhile, the Dow gained 0.78%, and the Nasdaq, a tech-heavy index, added 1.51%.The data storage company's stock has climbed by 2.92% in the past month, exceeding the Computer and Technology sector's loss of 4.13% and the S&P 500's loss of 2.14%.The investment community will be paying close attention to the earnings performance ...

NetApp (NTAP) recently inked a definitive agreement to divest its Spot by NetApp FinOps business to Flexera, a global technology spend and risk management player. NetApp acquired cloud services startup –– Spot –– in July 2020. The acquisition bolstered NetApp’s Application Driven Infrastructure capabilities. Spot’s compute platform provides customers with solutions that help optimize workloads while maintaining service-level objectives (SLO) and service-level agreements (SLA). Investors responded positively ...

ITASCA, Ill. and SAN JOSE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Flexera, the global leader in technology spend and risk management, has entered into a definitive agreement to acquire the Spot by NetApp FinOps business from NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company. The transaction will enhance Flexera’s ability to better serve customers and partners seeking to manage growing multi-cloud cost and FinOps needs across a broader range of services from hybrid cloud, SaaS applicatio ...

Technical Analysis - NetApp (NTAP) has recently reached a key level of support and has overtaken the 20-day moving average, indicating a short-term bullish trend [1][3] - The stock price has moved 5.7% higher over the last four weeks, suggesting potential for another rally [3] - The current price of NTAP is $121.95, with the 20-day simple moving average at $124.557 [3] Earnings Estimates - There have been no downward revisions in earnings estimates for NTAP in the past two months, while there have been 8 upward revisions, indicating positive sentiment [4] - The consensus estimate for NTAP has also increased, further solidifying the bullish case for the stock [4] Investment Consideration - Given the positive technical indicators and the favorable movement in earnings estimate revisions, NTAP is recommended for consideration on investors' watchlists [4]

Technical Analysis - NetApp (NTAP) has recently reached a key level of support and has overtaken the 50-day moving average, indicating a short-term bullish trend [1] - The 50-day simple moving average is considered important as it helps establish support and resistance levels for securities [1] Performance Metrics - Over the past four weeks, NTAP has gained 5.7% [2] - The company currently holds a Zacks Rank 3 (Hold), suggesting potential for further stock price increases [2] Earnings Estimates - There have been 8 upward revisions in earnings estimates for the current fiscal year, with no downward revisions, indicating strong investor confidence in a bullish uptrend [2] - The consensus earnings estimate has also moved up, reinforcing the positive outlook for NTAP [2][3] Investment Outlook - The combination of positive earnings estimate revisions and the technical breakout at a key level suggests that investors should monitor NTAP for potential gains in the near future [3]