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) is continuing its upward trajectory, with a gain 69.2% in the past year compared with the S&P 500 Composite’s 27.7% growth.With healthy fundamentals and strong growth opportunities, this Zacks Rank #2 (Buy) stock appears to be a solid investment option at the moment.Apart from a favorable rank, NTAP has a VGM Score of B. Per Zacks’ proprietary methodology, stocks with a combination of a Zacks Rank #1 (Strong Buy) or 2 and a VGM Score of A or B offer solid investment opportunities.Image Source: ...

Core Insights - NetApp has launched its latest AFF A-Series systems aimed at addressing demanding IT workloads such as GenAI, VMware, and enterprise databases, enhancing its portfolio for efficient data management [1][2] - The new systems are designed to eliminate storage silos and complexity, providing intelligent and secure storage solutions to optimize various workloads, particularly in the context of the growing generative AI market [2][3] - The company anticipates that cloud storage consumption will benefit from trends in AI, machine learning, IoT, and high-performance computing, alongside the migration of enterprise applications [3] Product Features - The AFF A-Series systems include integrated features to optimize VMware storage costs and ensure future flexibility, catering to modern workload demands [2] - New capabilities such as the StorageGRID model enhance the value of unstructured data while reducing total cost of ownership and power consumption [3] - Additional features include a cyber vault reference architecture for data protection against cyber threats, SnapMirror Active Sync, FlexCache with Writeback, and collaboration with Lenovo for AI infrastructure [3] Market Context - The generative AI market was valued at $29 billion in 2022 and is projected to grow at a CAGR of 47.5% from 2023 to 2030, driven by increased adoption of VR, AR, and machine learning [2] - NetApp's advanced portfolio of ransomware protection solutions is expected to gain traction amid rising cybersecurity risks [3] Company Performance - NetApp currently holds a Zacks Rank 2 (Buy), with its stock gaining 72.4% over the past year, compared to a subindustry growth of 146% [4]

Just_Super/iStock via Getty Images Investment Thesis NetApp (NASDAQ:NTAP) stock has gained about 67.03% over the last year, outpacing the S&P 500 by a margin of about 40.8%. Seeking Alpha While this solid performance could be attractive to investors, I believe we ought to be rational enough before making any investment based on this past performance alone. In the wake of the evolving IT industry, I believe investors should invest in companies that not only lead in innovation but also offer sustainable g ...

NetApp (NTAP) ended the recent trading session at $108.15, demonstrating a -0.32% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.21%, and the technology-dominated Nasdaq saw an increase of 0.29%.Coming into today, shares of the data storage company had gained 6.57% in the past month. In that same time, the Computer and Technology sector gained 1.39%, while the S&P 500 gained 1.29%.Market particip ...

Core Viewpoint - NetApp has shown a positive stock performance with a return of +6.7% over the past month, contrasting with the S&P 500's -0.3% and the Computer-Storage Devices industry's -5.2% [1] Earnings Estimate Revisions - NetApp is expected to report earnings of $1.80 per share for the current quarter, reflecting a year-over-year increase of +16.9% [2] - The consensus earnings estimate for the current fiscal year is $6.47, indicating a year-over-year change of +15.7%, which has remained unchanged over the last 30 days [3] - For the next fiscal year, the consensus estimate is $6.65, showing a change of +2.8% from the previous year, also unchanged over the past month [3] - NetApp holds a Zacks Rank 2 (Buy), indicating strong potential for near-term price performance based on earnings estimate revisions [3] Projected Revenue Growth - The consensus sales estimate for the current quarter is $1.66 billion, representing a year-over-year change of +5.1% [4] - For the current fiscal year, the revenue estimate is $6.26 billion, indicating a -1.6% change, while the next fiscal year's estimate is $6.51 billion, reflecting a +4% change [4] Last Reported Results and Surprise History - In the last reported quarter, NetApp achieved revenues of $1.61 billion, a year-over-year increase of +5.2%, and an EPS of $1.94 compared to $1.37 a year ago [5] - The reported revenues exceeded the Zacks Consensus Estimate of $1.59 billion by +0.85%, and the EPS surprise was +14.79% [5] - NetApp has consistently beaten consensus EPS and revenue estimates in the last four quarters [5] Valuation - Valuation metrics such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether NetApp's stock is fairly valued [6] - NetApp is graded C in the Zacks Value Style Score, indicating it is trading at par with its peers [8] Bottom Line - The information suggests that NetApp may outperform the broader market in the near term, supported by its Zacks Rank 2 [9]

Group 1: Company Performance - NetApp's stock closed at $107.36, reflecting a -0.55% change from the previous day, underperforming the S&P 500 which gained 0.13% [1] - Over the past month, NetApp shares increased by 2.01%, outperforming the Computer and Technology sector's gain of 0.89% and the S&P 500's loss of 0.35% [1] - The upcoming EPS for NetApp is projected at $1.80, indicating a 16.88% increase year-over-year, with quarterly revenue expected to be $1.66 billion, up 5.05% from the previous year [1] Group 2: Analyst Estimates and Ratings - Recent changes to analyst estimates for NetApp reflect evolving short-term business trends, with positive revisions indicating optimism about the company's outlook [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates NetApp at 2 (Buy) [2] - Stocks rated 1 in the Zacks Rank have produced an average annual return of +25% since 1988 [2] Group 3: Valuation Metrics - NetApp is currently trading at a Forward P/E ratio of 16.23, which is a discount compared to the industry's average Forward P/E of 25.92 [3] - The company has a PEG ratio of 1.85, compared to the Computer-Storage Devices industry's average PEG ratio of 1.4 [3] - The Computer-Storage Devices industry holds a Zacks Industry Rank of 13, placing it in the top 6% of over 250 industries [3]

The Zacks Computer-Storage Devices industry players are well-poised to gain from solid momentum in cloud computing, Internet of Things (IoT), auto, connected devices, virtual reality and Artificial Intelligence (AI) in the long run. These factors propel the demand for robust data storage solutions, bolstering computer storage product requirements. The same factors are favorable for prominent industry players like Super Micro Computer (SMCI) , NetApp (NTAP) and Pure Storage (PSTG) . The democratization of hi ...

The most recent trading session ended with NetApp (NTAP) standing at $102.48, reflecting a +1.13% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily gain of 0.32%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.35%.Shares of the data storage company have depreciated by 3.47% over the course of the past month, underperforming the Computer and Technology sector's loss of 1.9% and the S&P 500's loss ...

The most recent trading session ended with NetApp (NTAP) standing at $99.42, reflecting a +1.89% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 1.2%. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.59%.Prior to today's trading, shares of the data storage company had lost 6.68% over the past month. This has was narrower than the Computer and Technology sector's loss of 6.83% and lagged the S&P 500's loss of 4.16% in that time.The in ...