NetApp (NTAP) Shares are Up 2.92%

NetApp (NTAP) : Traders are bullish on NetApp (NTAP) as it has outperformed the S&P 500 by a wide margin of 7.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.49%, 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 2.92% in the last 1 week, and is up 10.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

NetApp (NASDAQ:NTAP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.57 and $26.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.12, notching a gain of 2.53% for the day. The total traded volume was 1,774,539 . The stock had closed at $26.45 on the previous day.

The stock has recorded a 20-day Moving Average of 5.05% and the 50-Day Moving Average is 8.39%. NetApp, Inc. is up 18.03% in the last 3-month period. Year-to-Date the stock performance stands at 4.43%.

NetApp (NTAP) has been rated by 18 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $39 and the lowest price target forecast is $20. The average forecast of all the analysts is $25.72 and the expected standard deviation is $4.92.


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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