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Stock Charts AI Power Rank: 9.4
Power Rank trending -> UP

Last Price: 126.41 - Change: 0.03 - Change %: 0.0237
06/24/2024 16:10:00 EST

NetApp Inc (NTAP)

Industry: Computer Hardware

Price Support Resistance

In the past 20 trading days, NTAP has been trading in a range between $128.71 and $115.67 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

NTAP is trading below resistance at $128.71, about 2% to the upside. There is support at $104.92 -17% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

NetApp Inc $NTAP entered a Green zone 41 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $80.67, a potential down side of -36.17% from the recent price of 126.38. The stock is trading 3.55% (potential upside) below its 52 week high of $130.87 and 80.34 % (potential downside) above its 52 week low of $70.08 - based on the recent price.

Company Summary

NetApp, Inc provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Hybrid Cloud and Public Could.

NTAP Website

News

NetApp Stock: Riding the AI Wave – Is It a Buy?
Data infrastructure solutions provider NetApp Inc. NASDAQ: NTAP stock has hit 20-year highs. The company is reaping benefits from the artificial intelligence (AI) boom as data centers ramp up infrastructure to handle surging data demands and traffic.
Source: MarketBeat
Tue, 25 Jun 2024 07:07:09 -0400
Sentiment: Positive
Up 45% This Year, Will Higher Flash Array Sales And Gen AI Drive NetApp Stock Higher?
NetApp a company that provides on-premises data storage systems and public cloud services, has had a solid year so far, rising by close to 45% since early January with its stock trading at about $128 per share.
Source: Forbes
Tue, 25 Jun 2024 06:00:50 -0400
Sentiment: Positive
NetApp, Inc. (NTAP) Is a Trending Stock: Facts to Know Before Betting on It
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.
Source: Zacks Investment Research
Thu, 20 Jun 2024 10:00:44 -0400
Sentiment: Positive
Spot by NetApp Achieves FinOps Foundation's Certified Platform Certification
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that Spot by NetApp has achieved the FinOps Certified Platform certification from the FinOps Foundation, validating the platform's ability to provide the depth and breadth of capabilities organizations need to practice sound cloud financial management. Also, Spot by NetApp has expanded its certified platform with the general availability of its Cost Intelligence and Billing En.
Source: Business Wire
Thu, 20 Jun 2024 08:00:00 -0400
Sentiment: Neutral
Trade Tracker: Josh Brown buys NetApp
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he's buying NetApp as it hits a 52-week high.
Source: CNBC Television
Tue, 18 Jun 2024 12:38:33 -0400
Sentiment: Positive
Instituions Institution %: 94.253
Last QTR Institution change: -1867497

Insiders
Insiders %: 0.409
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 132346
Insiders Net last QTR: -132346

Analyst Ratings
Target Price: 80.67
Overall Rating: 3.4211
Strong Buys (5): 4
Buys (4): 1
Holds (3): 13
Sells (2): 1
Strong Sells (1): 0

Technicals
52 Week Hi: 130.87
52 Week Low: 70.0791
Beta: 1.237
50 Day MA: 112.306
200 Day MA: 92.9594

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.224
Qtr Revenue Growth YOY: 0.055
Forward PE: 14.7059
Trailing PE: 27.2959

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