Zacks Rating on NetApp (NTAP)

NetApp (NTAP) : Zacks Investment Research ranks NetApp (NTAP) as 1, which is a Strong Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 6 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 18 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 27 research analysts is 3.33, which indicates as a Hold.

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 $28.59 and the possibility the share price can swing is $5.22.


Shares of NetApp, Inc. rose by 20.86% in the last five trading days and 32.74% for the last 4 weeks. NetApp, Inc. is up 39.84% in the last 3-month period. Year-to-Date the stock performance stands at 34.74%. NetApp (NASDAQ:NTAP): stock turned positive on Tuesday. Though the stock opened at $34.88, the bulls momentum made the stock top out at $35.26 level for the day. The stock recorded a low of $34.77 and closed the trading day at $34.99, in the green by 0.81%. The total traded volume for the day was 3,880,511. The stock had closed at $34.71 in the previous days trading.

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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