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NetApp Stock Rides Rising AI Tide; Shares Popped 70% In The Last 5 Months
Investorsยท 2025-09-09 18:40
Company Overview - NetApp is a leading provider of integrated network storage and data management equipment for corporations and government agencies, claiming to be the No. 1 company for flash memory networking systems growth with a 24.5% year-over-year growth last year, surpassing competitors like IBM and Dell Technologies [2]. Stock Performance - NetApp's stock has experienced a significant increase, rising from a low of 71.84 on April 7 to over 122, marking a nearly 70% surge in just over five months [1]. - The stock's Relative Strength (RS) Rating improved from 64 to 74, placing it in the top 26% of all stocks for price performance over the past year [3]. - NetApp holds a Composite Rating of 90, indicating it is in the top 10% of stocks overall, although it has a lower EPS Rating of 76 [3]. Financial Performance - In the latest quarterly report, NetApp reported a 1% dip in earnings growth to $1.55 per share, while sales rose by 1% to $1.56 billion [5]. - Analyst consensus predicts EPS to rise by 1% in the current quarter, followed by growth of 8% and 17% in the subsequent two periods [5]. Market Position - NetApp ranks No. 7 among its peers in the Computer Software-Storage industry group, with competitors like Micron Technology, Western Digital, and Seagate Technology being among the top-rated stocks in the group [5].