NetApp (NTAP) Shares are Up 0.81%

NetApp (NTAP) : Traders are bullish on NetApp (NTAP) as it has outperformed the S&P 500 by a wide margin of 33.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.47%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.81% in the last 1 week, and is up 32.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 18.03% and the fifty day Moving Average is 30.44%. NetApp, Inc. is up 39.28% in the last three month period. Year-to-Date the stock performance stands at 34.74%.

NetApp (NTAP) : The highest level NetApp (NTAP) is projected to reach is $40 for the short term and the lowest estimate is at $22. The consolidated price target from 17 rating analysts who initiate coverage on the stock is $28.88 and the possibility the share price can swing is $5.21.


NetApp (NASDAQ:NTAP): On Fridays trading session , Opening price of the stock was $35.1 with an intraday high of $35.49. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.74. However, the stock managed to close at $34.99, a loss of 0.14% for the day. On the previous day, the stock had closed at $35.04. The total traded volume of the day was 3,427,356 shares.

NetApp, Inc. (NetApp) is engaged in providing software, systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control, integrate, move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings. The Company also offers FlexPod solutions for workloads, such as big data, HPC and video analytics that integrate Hadoop. Its scale-out fabric-attached storage (FAS) platform uses the NetApp Data ONTAP storage operating system. Its Data ONTAP software delivers data protection, data management and software for virtualized, shared infrastructures, cloud computing and mixed workload business applications. The Company focuses on the data management and storage markets.

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