NetApp (NTAP) is continuing its upward trajectory, with a gain of 50.9% in the past year compared with the S&P 500 Composite’s 22.3% growth.NetApp provides enterprise storage as well as data management software and hardware products, and services. The San Jose, CA-based company assists enterprises in managing multiple clouds environments, adopting next-generation technologies like artificial intelligence (AI), Kubernetes and contemporary databases, and navigating the complexity brought about by the quick de ...

NetApp (NTAP) and NVIDIA (NVDA) have joined forces to enhance Retrieval-Augmented Generation (RAG) for generative AI applications. The collaboration integrates NetApp's intelligent data infrastructure with NVIDIA NeMo Retriever microservices.The collaboration will enable NetApp ONTAP customers to "talk to their data" and obtain proprietary business insights without compromising the security or privacy of their data. Enterprises can now leverage large language models to interact securely with their proprieta ...

NetApp (NTAP) is continuing its upward trajectory, with a gain of 64.8% in the past year compared with the S&P 500 composite’s 30.3% growth.With healthy fundamentals and strong growth opportunities, this Zacks Rank #1 (Strong Buy) stock appears to be a solid investment option at the moment.Apart from a favorable rank, NTAP has a Growth Score of B. Per Zacks’ proprietary methodology, stocks with a combination of a Zacks Rank #1 or 2 (Buy) and a VGM Score of A or B offer solid investment opportunities.Image S ...

Key PointsArtificial intelligence (AI) tailwinds are boosting NetApp's all-flash array (AFA) business, with margins expanding from low NAND pricing.Low flash memory pricing is driving the all-flash array business, displacing HDD in AI applications.NetApp posted a blowout fiscal Q3 2024, beating consensus estimates by 25 cents and raising its full-year guidance.5 stocks we like better than NetAppNetApp Inc. NASDAQ: NTAP is a data management company that enables companies to store, share and manage data on-pr ...

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.Even though momentum is a popular stock char ...

NetApp (NTAP) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a ch ...

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NetApp, Inc (NTAP) reported third-quarter fiscal 2024 non-GAAP earnings of $1.94 per share, which surpassed the Zacks Consensus Estimate by 14.8% and increased 41.6% year over year. Management anticipated non-GAAP earnings in the range of $1.64-$1.74 for the same time frame. Revenues of $1.61 billion increased 5.2% year over year. NTAP projected revenues in the $1.51-$1.67 billion range. The uptick was caused by solid demand across the latest all-flash products. Also, revenues beat the consensus mark by 0.9 ...

Key TakeawaysNetApp shares jumped more than 17% in premarket trading Friday after the cloud storage company announced quarterly earnings that topped estimates and raised its full-year fiscal 2024 outlook.The company said it expects to see continued strength in its all-flash products and marketplace services.Earnings-driven buying in NetApp shares may see a measured move on the chart to around $110. NetApp (NTAP) shares gained more than 17% in premarket trading Friday after the cloud storage provider breezed ...

For the quarter ended January 2024, NetApp (NTAP) reported revenue of $1.61 billion, up 5.2% over the same period last year. EPS came in at $1.94, compared to $1.37 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.59 billion, representing a surprise of +0.85%. The company delivered an EPS surprise of +14.79%, with the consensus EPS estimate being $1.69.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...