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NetApp (NTAP) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2024-07-10 23:05
In the latest trading session, NetApp (NTAP) closed at $134.62, marking a +1.92% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.02%. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 1.18%.The data storage company's shares have seen an increase of 5.28% over the last month, not keeping up with the Computer and Technology sector's gain of 8.46% and outstripping the S&P 500's gain of 4.44%.The investment community will be closely monitoring ...
NetApp's (NTAP) AI-based Ransomware Solution Wins AAA Rating
ZACKS· 2024-06-27 15:40
NetApp, Inc. (NTAP) recently announced that its ONTAP Autonomous Ransomware Protection with Artificial Intelligence (ARP/AI) has attained the AAA rating from SE Labs, an independent security testing organization.The AAA rating validates the efficient performance of NTAP's AI-powered ransomware detection capabilities, showcasing its industry-leading effectiveness in protecting organizations against critical cybersecurity threats.With the rapid evolution of ransomware attacks, enterprises are in pressing need ...
NetApp Stock: Riding the AI Wave – Is It a Buy?
MarketBeat· 2024-06-25 11:07
NetApp TodayNTAPNetApp$126.38 -1.26 (-0.99%) 52-Week Range$70.82▼$130.87Dividend Yield1.58%P/E Ratio27.24Price Target$117.81Add to WatchlistData infrastructure solutions provider NetApp Inc. NASDAQ: NTAP stock has hit 20-year highs. The company is reaping benefits from the artificial intelligence (AI) boom as data centers ramp up infrastructure to handle surging data demands and traffic. The company specializes in all-flash data storage and intelligent networking products and services. It helps automate and ...
NetApp, Inc. (NTAP) Is a Trending Stock: Facts to Know Before Betting on It
ZACKS· 2024-06-20 14:00
NetApp (NTAP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this data storage company have returned +12.8%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Computer- Storage Devices industry, which NetApp falls in, has gained 9.4%. The key question now is: What could be the stock's future direct ...
NetApp(NTAP) - 2024 Q4 - Annual Report
2024-06-10 20:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 26, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-27130 NetApp, Inc. (Exact name of registrant as specified in its charter) Delaware 77-0307520 (State or other jurisdiction of (I.R.S. Em ...
Investors Heavily Search NetApp, Inc. (NTAP): Here is What You Need to Know
ZACKS· 2024-06-06 14:01
NetApp (NTAP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this data storage company have returned +11.7%, compared to the Zacks S&P 500 composite's +4.6% change. During this period, the Zacks Computer- Storage Devices industry, which NetApp falls in, has gained 9%. The key question now is: What could be the stock's future direction?Although med ...
What Makes NetApp (NTAP) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-06-03 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following 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 in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
NetApp(NTAP) - 2024 Q4 - Earnings Call Transcript
2024-05-31 01:20
NetApp, Inc. (NASDAQ:NTAP) Q4 2024 Earnings Conference Call May 30, 2024 5:00 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants David Vogt - UBS Matt Sheerin - Stifel Meta Marshall - Morgan Stanley Samik Chatterjee - J.P. Morgan Mehdi Hosseini - SIG Steven Fox - Fox Advisors Simon Leopold - Raymond James Wamsi Mohan - Bank of America Nehal Chokshi - Northland Capital Markets Tim Long - Barclays Ananda Baruah - Loop Capital Eddie Pellon - TD Cow ...
NetApp (NTAP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-05-30 23:01
NetApp (NTAP) reported $1.67 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 5.5%. EPS of $1.80 for the same period compares to $1.54 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.66 billion, representing a surprise of +0.43%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.80.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...
NetApp (NTAP) Q4 Earnings Match Estimates
ZACKS· 2024-05-30 22:16
NetApp (NTAP) came out with quarterly earnings of $1.80 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.54 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this data storage company would post earnings of $1.69 per share when it actually produced earnings of $1.94, delivering a surprise of 14.79%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.NetApp, which belongs to ...