I believe NetApp's valuation at 17x forward non-GAAP EPS is attractive for a tech company with its growth potential. I'm impressed by the company's focus on AI workloads, cloud integration, and flash storage, which are key growth drivers. NetApp's ability to outpace the S&P500 since my initial bullish call further supports my confidence in its future performance.
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Momentum in cloud computing, IoT, auto and AI is likely to favor the prospects of Zacks Computer - Storage Devices industry players like SMCI, NTAP and PSTG amid macroeconomic headwinds.
NetApp (NTAP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
NTAP enhances its cybersecurity portfolio with advanced Autonomous Ransomware Protection and AI-driven solutions.
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?