NetApp (NTAP), Agnico Eagle (AEM), ResMed (RMD), Charles River (CRAI) and Leidos Holdings (LDOS) could be compelling picks in the final quarter of the year.
Zacks.com users have recently been watching NetApp (NTAP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
NetApp Inc. 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.
NetApp, Inc. NTAP has expanded its partnership with Google Cloud by integrating unified data storage and intelligent services into the Google Distributed Cloud architecture. With Google Distributed Cloud, customers can enhance their cloud infrastructure by extending services to on-premises data centers and network edges.
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.
NetApp has benefited from a surge in AI infrastructure spending, helping push its billings growth rates to the double digits. The stock has risen ~40% year to date in response to renewed growth trends. But in spite of the YTD rally, the stock is still reasonably valued at ~16x forward P/E. Despite already closing AI deals today and having many exploratory AI conversations with its customer base today, company leadership believes the bulk of opportunity is still ahead.
NetApp (NTAP) reported earnings 30 days ago. What's next for the stock?
By integrating NTAP's AIPod architecture and NVIDIA's AI platforms, enterprises are likely to unlock the potential of RAG and fuel AI-driven transformation.
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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.
NTAP expands its collaboration with Aruba to enhance data management and cloud infrastructure capabilities for customers across Europe.
Here is how NetApp (NTAP) and Box (BOX) have performed compared to their sector so far this year.