NetApp, Inc.’s Stock Price Soars to $126.10, Marking a Robust 3.40% Uptick

NetApp, Inc. (NTAP)

126.10 USD +4.15 (+3.40%) Volume: 2.09M

NetApp, Inc.’s stock price soars to $126.10 with a positive trading session change of +3.40%, driven by a robust trading volume of 2.09M. With an impressive YTD growth of +43.25%, NTAP showcases strong momentum in the stock market.

Latest developments on NetApp, Inc.

NetApp Inc. stock experienced a surge in value today following rating upgrades by J.P. Morgan, leading to a jump in both NetApp and Teradyne stocks. However, the stock underperformed compared to competitors on Friday. Toronto Dominion Bank and Lord Abbett & CO. LLC were among the institutions selling shares of NetApp, Inc. Zacks Research also provided estimates for NetApp’s Q3 earnings. HighTower Advisors LLC sold a significant number of shares, reflecting a mix of analyst outlooks on the company’s performance.

NetApp, Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring Netapp Inc on Smartkarma, an independent investment research network. In their research reports titled “NetApp Inc.: Keystone Subscription Model Expansion As A Critical Growth Lever! – Major Drivers” and “NetApp Inc.: A Story Of Cloud Storage Portfolio Growth & All-Flash Array Market Expansion! – Major Drivers”, they highlight the company’s strong financial performance and strategic execution. NetApp showed significant growth in its all-flash storage segment and cloud storage services, leading to a 6% increase in reported revenues to $1.66 billion for the second quarter of fiscal year 2025. The analysts are bullish on Netapp Inc‘s future outlook based on these positive indicators.

A look at NetApp, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

NetApp Inc, a company that provides storage and data management solutions, has received a mixed outlook according to Smartkarma Smart Scores. With a Value score of 2, the company may be considered slightly undervalued. However, NetApp Inc scores well in Dividend and Growth with scores of 4, indicating a strong potential for dividends and growth in the future. The company also shows moderate scores in Resilience and Momentum, with scores of 3, suggesting a decent level of stability and momentum in its operations.

Overall, NetApp Inc seems to have a positive long-term outlook based on the Smartkarma Smart Scores. With strong scores in Dividend and Growth, the company may appeal to investors looking for potential income and growth opportunities. While the Value score is not as high, the company’s resilience and momentum scores indicate a certain level of stability and forward movement. As NetApp Inc continues to provide storage solutions to enterprises, government agencies, and universities worldwide, its performance in these key areas will likely play a significant role in shaping its future trajectory.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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