NetApp Stock Jumps After Solid Quarterly Earnings and Raised FY Outlook—Key Level to Watch

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 ...