NetApp (NTAP) Shares are Up 1.58%

NetApp (NTAP) : Traders are bullish on NetApp (NTAP) as it has outperformed the S&P 500 by a wide margin of 2.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.04%, 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 1.58% in the last 1 week, and is up 0.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 16.81%.The 200 Day SMA reached 33.91% NetApp, Inc. is up 41.07% in the last 3-month period. Year-to-Date the stock performance stands at 34.04%.


NetApp (NTAP) : Currently there are 17 street experts covering NetApp (NTAP) stock. The most bullish and bearish price target for the stock is $40 and $22 respectively for the short term. The average price target of all the analysts comes to $29.35. The estimated standard deviation from the target is $5.33.

Company shares have received an average consensus rating of Hold for the current week NetApp (NASDAQ:NTAP): stock was range-bound between the intraday low of $34.61 and the intraday high of $35.09 after having opened at $34.92 on Fridays session. The stock finally closed in the red at $34.92, a loss of -0.68%. The stock remained in the red for the whole trading day. The total traded volume was 5,182,676 shares. The stock failed to cross $35.09 in Fridays trading. The stocks closing price on Thursday was $35.05.

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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