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Note: NTAP FY'2024 ended in April
Does NetApp (NTAP) have what it takes to be a top stock pick for momentum investors? Let's find out.
NetApp (NTAP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
NTAP's strength in all-flash storage and cloud markets, and focus on AI make it an attractive investment. Weak IT spending and stiff competition are concerns.
In the closing of the recent trading day, NetApp (NTAP) stood at $122.09, denoting a +1.76% change from the preceding trading day.
NTAP will sell its Spot by NetApp FinOps business to Flexera to focus on its core intelligent data infrastructure business and long-term growth prospects.
Flexera, the leader in technology spend and risk management, enters into a definitive agreement to acquire the Spot by NetApp FinOps business from NetApp.
Amid volatile macro backdrop, momentum in cloud computing, IoT, auto and AI is likely to favor the prospects of Zacks Computer - Storage Devices industry players like NTAP, PSTG and NLST.
Recently, Zacks.com users have been paying close attention to NetApp (NTAP). This makes it worthwhile to examine what the stock has in store.
NetApp (NTAP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.