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.
NetApp (NTAP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
NTAP is gaining from solid demand across the all-flash and cloud storage portfolio, which is prompting a revenue outlook revision for the current fiscal year.
The Nasdaq 100 closed higher by around 1% during Thursday's session. Investors, meanwhile, focused on some notable insider trades.
Anaplan chooses NTAP's unified data storage solution to modernize storage infrastructure for AI-powered operations.
NetApp (NTAP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.