Core Viewpoint - NetApp (NTAP) is showing potential as a strong investment opportunity due to its recent technical movements and positive earnings revisions [1][2][3] Technical Analysis - NTAP has recently crossed above the 200-day moving average, indicating a long-term bullish trend [1] - The stock has rallied 5.6% over the past four weeks, suggesting upward momentum [2] - The 200-day simple moving average serves as a significant support level for NTAP [2] Earnings Estimates - There have been 2 upward revisions in earnings estimates for the current fiscal year, with no downward revisions [3] - The consensus earnings estimate for NTAP has also increased, reinforcing the positive outlook [3] Investment Sentiment - NTAP currently holds a Zacks Rank of 2 (Buy), indicating favorable market sentiment [2] - The combination of technical indicators and positive earnings revisions suggests that NTAP may be poised for further gains in the near future [3]

Company Performance and Market Position - NetApp's stock has increased by 46% since the beginning of 2024, outperforming the S&P 500 index which is up 28% [1] - The company's Hybrid Cloud business is showing signs of recovery with a 6% year-over-year revenue growth to $1.5 billion in the first half of FY'25 [2] - NetApp's full-year revenue guidance has been lifted to $6.54-$6.74 billion, with expected growth of approximately 6% and full-year EPS anticipated to be in the range of $7.20-$7.40, a 13% year-over-year growth [5] Industry Trends and Opportunities - NetApp is poised to benefit from the demand for artificial intelligence, particularly in large-language model environments, which could drive higher sales of its hardware and tools [3] - The company could see increased demand for its flash-based products over lower-speed hard disk-based products, as flash-based memory works better with high-performance GPUs from companies like Nvidia and AMD [3] - NetApp expects its total addressable market to expand by more than $100 billion by 2027, with significant contributions from the all-flash data market ($40 billion), file and block storage ($27 billion), public cloud ($27 billion), and artificial intelligence storage space ($14 billion) [6] Financial Metrics and Valuation - NetApp's stock is trading at a little over 18x consensus FY'25 earnings, with a price estimate of about $130, almost in line with the market price as of January 22 [5] - The company's margins are likely to trend higher due to a higher mix of all-flash array sales and increased cloud and services revenue [6] Historical Performance and Volatility - NetApp's stock has shown considerable volatility over the last 4-year period, with annual returns of 42% in 2021, -33% in 2022, 51% in 2023, and 34% in 2024 [4] - The Trefis High Quality Portfolio, consisting of 30 stocks, has been less volatile and has outperformed the S&P 500 over the same period [4]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

NetApp’s (NTAP) shares have proven resilient, with a 37.8% gain in the past year, outpacing the industry’s growth of 10.7%. NetApp provides enterprise storage as well as data management software and hardware products and services.It has also outperformed the Zacks Computer and Technology sector and the S&P 500 composite’s growth of 27.8% and 24.8%, respectively. Closing at $122.09 in the last trading session, NTAP stock is currently trading 9.9% below its 52-week high of $135.45, attained on Nov. 22, 2024.P ...

In the latest market close, NetApp (NTAP) reached $122.09, with a +1.76% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1%. Meanwhile, the Dow gained 0.78%, and the Nasdaq, a tech-heavy index, added 1.51%.The data storage company's stock has climbed by 2.92% in the past month, exceeding the Computer and Technology sector's loss of 4.13% and the S&P 500's loss of 2.14%.The investment community will be paying close attention to the earnings performance ...

NetApp (NTAP) recently inked a definitive agreement to divest its Spot by NetApp FinOps business to Flexera, a global technology spend and risk management player. NetApp acquired cloud services startup –– Spot –– in July 2020. The acquisition bolstered NetApp’s Application Driven Infrastructure capabilities. Spot’s compute platform provides customers with solutions that help optimize workloads while maintaining service-level objectives (SLO) and service-level agreements (SLA). Investors responded positively ...

ITASCA, Ill. and SAN JOSE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Flexera, the global leader in technology spend and risk management, has entered into a definitive agreement to acquire the Spot by NetApp FinOps business from NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company. The transaction will enhance Flexera’s ability to better serve customers and partners seeking to manage growing multi-cloud cost and FinOps needs across a broader range of services from hybrid cloud, SaaS applicatio ...

From a technical perspective, NetApp (NTAP) is looking like an interesting pick, as it just reached a key level of support. NTAP recently overtook the 20-day moving average, and this suggests a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Like other ...

From a technical perspective, NetApp (NTAP) is looking like an interesting pick, as it just reached a key level of support. NTAP recently overtook the 50-day moving average, and this suggests a short-term bullish trend.The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important.Over th ...

LAS VEGAS, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Tessell, the leading next-generation database-as-a-service (DBaaS) that helps startups and enterprises accelerate data and application modernization journeys at scale, will be exhibiting this week at AWS re:Invent 2024, taking place from December 2-6 at The Venetian Resort in Las Vegas, Nevada. This marks Tessell’s second consecutive year attending and sponsoring the world’s largest cloud computing event. Attendees are invited to visit Tessell at Booth #1953 from ...