Wall Street enjoyed a strong rally in the first nine months of 2024, with the three major indices reaching a series of record highs. However, negative sentiments have been building up at the start of the final quarter, given the escalation in Middle East tensions and the upcoming presidential election. In such a scenario, dividend investing seems the best choice as it offers consistent and safe income.Though the strategy does not offer dramatic price appreciation, it is a major source of consistent income f ...

Partnership Expansion with Google Cloud - NetApp has expanded its partnership with Google Cloud by integrating unified data storage and intelligent services into the Google Distributed Cloud architecture [1] - This integration allows customers to enhance their cloud infrastructure by extending services to on-premises data centers and network edges, enabling greater control over IT environments [1] - The collaboration leverages NetApp's intelligent data infrastructure, including ONTAP and StorageGRID solutions, to scale workloads and harness AI while ensuring security and regulatory compliance [1] - Google Distributed Cloud will utilize these capabilities to enhance services such as databases, AI, and analytics [1] Benefits for Customers - The partnership simplifies processes and boosts agility, enabling quicker adaptation to emerging trends and changes in operating conditions [2] - It streamlines reliance on multiple solutions across cloud, data center, and edge environments while maintaining strong compliance and security [2] - Organizations in the public sector and regulated industries can leverage AI-ready infrastructure with robust security and compliance with regulatory standards [2] Industry Impact and Challenges - Organizations in highly regulated sectors like government, manufacturing, telecom, and retail aim to leverage AI for innovation but face challenges from emerging regulations on data sovereignty and consumer privacy [3] - NetApp's collaboration with Google Cloud provides foundational data storage for Google Distributed Cloud offerings, enabling secure innovation and compliance while supporting application development [3] NetApp's Strategic Collaborations and AI Momentum - NetApp is driving efficiency and fostering innovation through strategic collaborations, including advancements in generative AI with NVIDIA and deepened collaboration with Amazon Web Services [4] - These partnerships aim to boost enterprise retrieval augmented generation (RAG) and improve customer experiences through accelerated generative AI initiatives and CloudOps solutions [4] Financial Performance and Outlook - NetApp's performance is driven by increasing demand for its solutions amid rapid AI proliferation, with over 50 AI and data lake modernization deals won in the fiscal first quarter [5] - The company has revised its fiscal 2025 revenue outlook to $6.48–$6.68 billion, reflecting a 5% year-over-year increase at the mid-point [5] - Expanded partnerships to boost AI innovation are expected to generate incremental revenues and propel the stock upward [5] Stock Performance and Rankings - NetApp currently holds a Zacks Rank 1 (Strong Buy) [6] - The company's shares have gained 66.9% in the past year, outperforming the sub-industry's growth of 12.7% [6] Other Top-Ranked Technology Stocks - Seagate Technology Holdings plc (STX) and OptimizeRx Corporation (OPRX) both hold a Zacks Rank 1, while American Software, Inc. (AMSWA) holds a Zacks Rank 2 (Buy) [7] - Seagate Technology delivered an average earnings surprise of 80.9% in three of the trailing four quarters, with a 40% surprise in the last reported quarter [7] - OptimizeRx delivered an average earnings surprise of 159.5% in three of the trailing four quarters, with a 128.6% surprise in the last reported quarter [7] - American Software delivered an average earnings surprise of 84.5% in the trailing four quarters, with a 71.4% surprise in the last reported quarter [8]

NetApp Inc. NASDAQ: NTAP is an intelligent data infrastructure company that offers data-centric software and networking hardware that enable enterprises to manage and use their data. The computer and technology sector leader provides on-premise and hybrid cloud solutions with all-flash storage, networking gear, observability, cyber resilience, and cybersecurity.Get NetApp alerts:The Evolution of NetApp: From Data Silos to Intelligent ArchitectureNetApp TodayNTAPNetApp$123.51 +2.27 (+1.87%) 52-Week Range$70. ...

With the S&P 500 sitting near all-time records, it’s well recognized that beyond the recent rate cuts, the other major driver to move the markets this year has been excitement over the prospects of AI to revitalize a tectonic new shift inWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular cont ...

It has been about a month since the last earnings report for NetApp (NTAP) . Shares have added about 4.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is NetApp due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. NetApp's Q1 Earnings & Revenues BeatNetApp reported fir ...

NetApp, Inc. (NTAP) recently announced an advancement in generative artificial intelligence (AI), combining its data management expertise with NVIDIA’s (NVDA) AI software and accelerated computing. The partnership is aimed at boosting enterprise retrieval augmented generation (RAG), which will unlock the power of next-gen agentic AI. Agentic AI systems can autonomously process vast amounts of data and perform actions based on that knowledge. Through the integration of NTAP’s ONTAP unified storage operating ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed alongs ...

LAS VEGAS, Nevada, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Dremio, the Unified Lakehouse Platform for Self-service Analytics and AI, and NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, live from NetApp INSIGHT announced a joint Hybrid Iceberg Lakehouse solution that addresses key challenges faced by data lake users, including enhancing operational efficiency and driving actionable insights. By combining Dremio’s Unified Lakehouse Platform with NetApp’s StorageGRID, ONTAP, and Cloud solutions ...

NetApp, Inc. (NTAP) has partnered with Amazon Web Services (“AWS”) to drive growth and innovation by leveraging artificial intelligence (AI). The recently signed strategic collaboration agreement reflects the dedication of both companies to improve customer experiences through accelerated generative AI initiatives, simplified processes and valuable CloudOps solutions.The enhanced alliance will facilitate smoother workload migrations and new application deployments on AWS. It will also simplify transactions ...

NetApp (NTAP) has inked a partnership with Aruba, a leading provider of cloud, data center, hosting and domain services in Europe, to bolster the potential data management and storage solutions nationwide. By integrating NTAP’s deep expertise in data infrastructure with Aruba’s advanced services, the collaboration is likely to aid businesses in managing, storing and securing their data.Although Aruba has relied on NetApp’s solutions for over a decade, the recent announcement marks the formalization of their ...