Professional
Added to YB: 2024-07-05
Pitch date: 2024-03-31
NTAP [bullish]
NetApp, Inc.
+12.61%
current return
Author Info
No bio for this author
Company Info
NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$22.1B
Pitch Price
$101.33
Price Target
N/A
Dividend
1.87%
EV/EBITDA
12.32
P/E
19.39
EV/Sales
3.28
Sector
Technology Hardware, Storage and Peripherals
Category
growth
Ariel Investments Global Portfolio Holding: NetApp, Inc.
NTAP: Storage leader beat Q earnings, raised guidance. Strong QLC NAND adoption, cost cuts, margin growth. Well-positioned for cloud storage growth, aiding public-private cloud data transfer. Focus on digital transformation: analytics, AI, data security. Bullish on long-term cloud service potential.
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