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NetApp (NTAP) recently raised its fiscal 2027 revenue guidance, tying its outlook more closely to demand for AI-focused data infrastructure and cloud storage. That shift gives investors a fresh data point to reassess expectations.
Arrow Electronics has introduced managed storage services for NetApp (NasdaqGS:NTAP) Keystone, targeting Storage-as-a-Service customers through distribution partners.
QMCO and NTAP are riding rising AI and cloud storage demand, but contrasting growth trends, profitability and valuations raise a key question: Which one to buy?
Recently, Zacks.com users have been paying close attention to NetApp (NTAP). This makes it worthwhile to examine what the stock has in store.
Guggenheim recently initiated coverage on NetApp with a Neutral view after highlighting the company’s AI focused storage offerings and its ability to pass higher component costs through to customers.
In the most recent trading session, NetApp (NTAP) closed at $227.7, indicating a +2.53% shift from the previous trading day.
For questions about this article or underlying research, email [email protected].
NetApp is scheduled to report its fiscal second-quarter results soon, and analysts are expecting double-digit growth in earnings.
NTAP's improved pricing and robust AI-driven demand fueled 30% revenue growth in fiscal Q1, prompting a higher annual outlook despite rising component costs.
For questions about this article or underlying research, email [email protected].
Shares of data storage company NetApp (NASDAQ:NTAP) jumped 4% in the afternoon session after Guggenheim analyst Howard Ma initiated coverage on the company with a Neutral rating. According to StreetInsider, Ma started NetApp at Neutral without a price target.