NetApp: Underappreciated Long-Term AI Beneficiary [Seeking Alpha]
NetApp, Inc. (NTAP)
Last netapp, inc. earnings: 2/12 04:01 pm
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US:NASDAQ Investor Relations:
investors.netapp.com
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Source: Seeking Alpha
Follower s Follow Play 9min Summary NetApp, Inc. beats earnings estimates, with FYQ2 2025 EPS and revenue surpassing expectations, driven by strong growth in its Hybrid and Public Cloud segments. NetApp's focus on AI and cloud infrastructure is evident, securing over 100 AI and data-lake modernization wins and expanding partnerships with Google Cloud and AWS. Analysts have mixed ratings but raised price targets, citing macro concerns. NTAP's solid execution and strategic positioning suggest a “cautiously optimistic” stance. NTAP trades at a reasonable valuation with a forward P/E of 16.8x, reflecting strong earnings growth and potential in AI and cloud segments. Rated as a Buy. Morsa Images NetApp, Inc. NASDAQ: NTAP ) is an intelligent data infrastructure company that provides software, systems, and services for hybrid and multi-cloud environments to clients across industries and the globe. The company was founded in 1992 and has around 11,800 employees, earning
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NTAP
News
- NetApp Inc. (NTAP): Are Hedge Funds Bullish On This Data Storage Stock Now? [Yahoo! Finance]Yahoo! Finance
- NetApp, Inc. (NASDAQ: NTAP) had its price target raised by analysts at Morgan Stanley from $132.00 to $146.00. They now have an "equal weight" rating on the stock.MarketBeat
- NetApp, Inc. (NASDAQ: NTAP) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $160.00 price target on the stock.MarketBeat
- Is NetApp, Inc. (NTAP) the Best Computer Hardware Stock to Invest in Right Now? [Yahoo! Finance]Yahoo! Finance
- Is STX's Cheap Valuation an Opportunity to Invest in the Stock? [Yahoo! Finance]Yahoo! Finance
NTAP
Earnings
- 11/21/24 - Beat
NTAP
Sec Filings
- 12/18/24 - Form 4
- 12/16/24 - Form 144
- 12/12/24 - Form 4
- NTAP's page on the SEC website