NetApp에 대한 매도 수량은 투자자에게 NetApp의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

NetApp (NASDAQ:NTAP) 주식, 공매도 수량 보고

NetApp

NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.

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NTAP

넷앱(NASDAQ:NTAP)는 목요일(21일) 장 마감 후에 2분기 실적을 발표했다. 실적 보고서의 세부 내용을 살펴보자.실적 세부 내용: 넷앱의 분기 주당순이익은 1.87달러로 애널리스트 컨센서스 예상치 1.78달러를 상회했다. 분기 매출은 16억 5천만 달러로 컨센서스 예상치 16억 4천만 달러를 상회했고, 전년 동기의 15억 6천만 달러보다도 증가했다.

넷앱, 2분기 호실적 발표 후 시간외 5% 상승

NetApp Inc

Management

NetApp Appoints Wissam Jabre As Executive Vice President And CFO, Effective March 10, 2025

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Shares of companies within the broader tech sector are trading lower amid AI competition concerns from China's DeepSeek AI model.

<a href="https://www.bloomberg.com/news/articles/2025-01-15/netapp-selling-some-software-assets-to-thoma-bravo-s-flexera?utm_medium=social&amp;utm_source=twitter&amp;utm_content=business&amp;cmpid=socialflow-twitter-business&amp;utm_campaign=socialflow-organic&amp;sref=ZoyErlU1" title="https://www.bloomberg.com/news/articles/2025-01-15/netapp-selling-some-software-assets-to-thoma-bravo-s-flexera?utm_medium=social&amp;utm_source=twitter&amp;utm_content=business&amp;cmpid=socialflow-twitter-business&amp;utm_campaign=socialflow-organic&amp;sref=ZoyErlU1">https://www.bloomberg.com/news/articles/2025-01-15/netapp-selling-some-software-assets-to-thoma-bravo-s-flexera?utm_medium=social&amp;utm_source=twitter&amp;utm_content=business&amp;cmpid=socialflow-twitter-business&amp;utm_campaign=socialflow-organic&amp;sref=ZoyErlU1</a>

Asset Sales

Bloomberg Reported NetApp Selling Some Software Assets to Thoma Bravo's Flexera For ~$100M

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Shares of companies within the broader tech sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Morgan Stanley analyst Meta Marshall maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Equal-Weight and raises the price target from $132 to $146.

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on NetApp, Raises Price Target to $146

NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">5</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $138.33, with a high estimate of $160.00 and a low estimate of $120.00. This current average has increased by 8.6% from the previous average price target of $127.38. 
<img src="https://www.benzinga.com/files/images/story/2024/1734375639_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive NetApp. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Overweight</td>
<td>$160.00</td>
<td>-</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$135.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Karl Ackerman</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$160.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Aaron Rakers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$140.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Tim Long</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$132.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$132.00</td>
<td>$127.00</td>
</tr>
<tr>
<td>Nehal Chokshi</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$120.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Wamsi Mohan</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$121.00</td>
<td>$115.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to NetApp. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of NetApp compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of NetApp's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of NetApp's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/NTAP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on NetApp analyst ratings.</a>
<h2>Discovering NetApp: A Closer Look</h2>
NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.
<h3>NetApp: Delving into Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: NetApp's remarkable performance in 3 months is evident. As of 31 October, 2024, the company achieved an impressive revenue growth rate of 6.15%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: NetApp's net margin excels beyond industry benchmarks, reaching 18.03%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): NetApp's ROE stands out, surpassing industry averages. With an impressive ROE of 32.84%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): NetApp's ROA stands out, surpassing industry averages. With an impressive ROA of 3.27%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: NetApp's debt-to-equity ratio surpasses industry norms, standing at 2.52. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: NetApp Through The Eyes Of 9 Analysts

<a href="https://www.benzinga.com/24/11/42145521/netapp-analysts-raise-their-forecasts-after-strong-earnings">JPMorgan analyst Samik Chatterjee</a> upgraded the rating for NetApp Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) from Neutral to Overweight, while raising the price target from $150 to $160.
The company's revenue growth is likely to accelerate, driven by higher IT budgets for data centers and storage infrastructure of Enterprises looking to leverage AI use cases, according to JPMorgan.
The NetApp Thesis: Apart from higher enterprise spending, the company is also poised to benefit from its continued share gains from the recent pace of innovation, Chatterjee said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
"In addition to recent expansion in product portfolio via addition of C-series products, we expect more launches in relation to C-series products, Block storage (ASA products) as well as products based on disaggregated architecture, which will further enhance the already robust product portfolio and drive growth," the analyst wrote.
In late November, NetApp reported <a href="https://www.benzinga.com/24/11/42145521/netapp-analysts-raise-their-forecasts-after-strong-earnings">better-than-expected quarterly results</a>.
The company's revenue growth could accelerate closer to the mid-point or higher-end of the company's latest guidance range, Chatterjee added.
"With resilient gross margins and operating leverage, we expect the modest revenue growth acceleration to be sufficient in relation to driving more material upsides to earnings estimates," Chatterjee further stated.
NTAP Price Action: Shares of NetApphad risen by 2.41% to $124.90 at the time of publication on Monday.
Read More: 
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<li><a href="https://www.benzinga.com/content/42459200/2-ai-stocks-that-gap-and-crapped-for-a-dip-buying-opportunity">2 AI Stocks That Gap and Crapped for a Dip Buying Opportunity</a></li>
</ul>
Image: Shutterstock

Analyst Color

Long Ideas

Upgrades

Trading Ideas

NetApp Is Poised For Revenue Growth Acceleration With AI Spending: Analyst

NetApp shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>B of A Securities analyst Andrew Obin upgraded the rating for AMETEK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AME#NYSE">AME</a>) from Neutral to Buy and raised the price target from $195 to $225. AMETEK shares closed at $187.38 on Friday. See how other analysts view this stock.</li>
<li>JP Morgan analyst Samik Chatterjee upgraded NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) from Neutral to Overweight and announced a $160 price target. NetApp shares closed at $121.95 on Friday. <a href="https://www.benzinga.com/quote/NTAP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Gordon Haskett analyst Chuck Grom upgraded the rating for Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) from Hold to Buy and announced a $20 price target. Macy&#8217;s shares closed at $16.56 on Friday. See how other analysts view this stock.</li>
<li>Mizuho analyst Nitin Kumar upgraded ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) from Neutral to Outperform and boosted the price target from $132 to $134. ConocoPhillips shares closed at $101.02 on Friday. <a href="https://www.benzinga.com/quote/COP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Exane BNP Paribas analyst Andy Grobler upgraded the rating for Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) from Neutral to Outperform and announced a $305 price target. Equifax shares closed at $265.81 on Friday. <a href="https://www.benzinga.com/quote/EFX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying COP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="582" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16070350/image-122-1024x582.png" alt="" class="wp-image-693623" style="width:616px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16070350/image-122-1024x582.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16070350/image-122-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16070350/image-122-768x436.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16070350/image-122.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/24/12/42482639/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-with-over-6-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 6% Dividend Yields</a></li>
</ul>

Pre-Market Outlook

Markets

This ConocoPhillips Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

JP Morgan analyst Samik Chatterjee upgrades NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) from Neutral to Overweight and announces $160 price target.

JP Morgan Upgrades NetApp to Overweight, Announces $160 Price Target

New integration simplifies the use of NetApp block storage with AWS Outposts

Reported Earlier, NetApp Partners With AWS Outposts To Streamline Block Storage For On-Premises And Edge Deployments

NetApp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NYSE">NTAP</a>) short percent of float has risen 19.62% since its last report. The company recently reported that it has 8.89 million shares sold short, which is 5.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.18 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>NetApp Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732561223_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NetApp has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing NetApp's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, NetApp's peer group average for short interest as a percentage of float is 6.85%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into NetApp's Recent Short Interest

NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) reported better-than-expected second-quarter results on Thursday.
NetApp reported quarterly earnings of $1.87 per share, which beat the analyst consensus estimate of $1.78. Quarterly revenue came in at $1.65 billion, which beat the analyst consensus estimate of $1.64 billion and is an increase over revenue of $1.56 billion from the same period last year.
"Our strong Q2 performance was driven by another record-breaking quarter in all-flash storage and strong performance in first party and marketplace cloud storage services," said George Kurian, CEO of NetApp. "Broad-based customer preference for our intelligent data infrastructure platform and visionary approach for a data-driven future has enabled us to outgrow the market and take share from competitors. Our focus and momentum fuel my confidence in our ability to deliver outstanding results for customers and shareholders."
The company said it sees FY25 revenue of $6.54 billion to $6.74 billion and GAAP earnings of $5.48 to $5.68 per share, with non-GAAP EPS of $7.20 to $7.40.
NetApp shares fell 3.3% to trade at $122.46 on Friday.
These analysts made changes to their price targets on NetApp following earnings announcement.
<ul>
<li>B of A Securities analyst Wamsi Mohan maintained NetApp with an Underperform and raised the price target from $115 to $121.</li>
<li>Northland Capital Markets analyst Nehal Chokshi maintained NetApp with a Market Perform and raised the price target from $108 to $120.</li>
<li>Morgan Stanley analyst Meta Marshall maintained NetApp with an Equal-Weight and raised the price target from $127 to $132.</li>
<li>Barclays analyst Tim Long maintained NetApp with an Equal-Weight and increased the price target from $119 to $132.</li>
<li>Wells Fargo analyst Aaron Rakers maintained NetApp with an Equal-Weight and raised the price target from $135 to $140.</li>
<li>Stifel analyst Matthew Sheerin maintained the stock with a Buy and raised the price target from $140 to $145.</li>
<li>TD Cowen analyst Karl Ackerman maintained NetApp with a Buy and raised the price target from $145 to $160.</li>
<li>Citigroup analyst Asiya Merchant maintained the stock with a Neutral and raised the price target from $130 to $135.</li>
</ul>
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NetApp Analysts Raise Their Forecasts After Strong Earnings

Risk appetite remained robust in the final trading session of the week, with all major U.S. indices poised to close the week in positive territory. Small-cap stocks outperformed their large-cap counterparts, continuing their <a href="https://www.benzinga.com/news/small-cap">recent streak of dominance</a>.
Fresh business surveys highlighted a notable health in the U.S. economy, with private sector activity recording its strongest expansion in over two and a half years. The services sector, in particular, showed remarkable growth, maintaining its rapid pace of expansion.
The Russell 2000, a benchmark for small-cap equities, surged 1.7% on Friday, building on a 1.5% gain from the previous session. The S&amp;P 500 edged higher, heading for a five-day winning streak, and the Dow Jones Industrial Average climbed past the 44,000 mark, moving tantalizingly close to record highs. Technology stocks posted more modest gains.
The U.S. Dollar Index, tracked via the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), extended its rally for an eighth consecutive week—the longest streak in 14 months—surpassing the 107 level to hit a two-year high. The dollar's strength was fueled by a mix of robust U.S. economic data <a href="https://www.benzinga.com/news/econ-s/24/11/42138717/dollar-hits-2-year-highs-as-europes-recession-signals-spark-euro-pound-sell-offs">and economic malaise in Europe.</a>
In commodities, gold climbed for a fifth straight session, advancing 5.6% for the week, its best weekly performance since March 2023.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also maintained its bullish momentum, soaring past $99,000 and edging closer to the highly anticipated $100,000 milestone. 
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,401.00</td>
<td>1.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,211.20</td>
<td>0.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,969.01</td>
<td>0.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,768.99</td>
<td>0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:05 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.4% to $595.75.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.8% to $442.49.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.2% up to $506.20.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.8% to $238.61.</li>
<li>The&nbsp;Consumer Discretionary Sector Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, rising 1.6%. The&nbsp;Utilities Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 0.1%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) fell 4.4% in reaction to quarterly earnings. </li>
<li>Other stocks reacting to earnings reports were Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>), up 9.8%, Ross Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROSS#NASDAQ">ROSS</a>), up 3.1%, and NetApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), down 2.7%. </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42140842/sp-500-faces-volatile-2025-as-inflation-boom-could-return-bank-of-america-strategist">S&amp;P 500 Faces Volatile 2025 As &#8216;Inflation Boom&#8217; Could Return: Bank Of America Strategist</a></li>
</ul>
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Citigroup analyst Asiya Merchant maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Neutral and raises the price target from $130 to $135.

Citigroup Maintains Neutral on NetApp, Raises Price Target to $135

TD Cowen analyst Karl Ackerman maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Buy and raises the price target from $145 to $160.

TD Cowen Maintains Buy on NetApp, Raises Price Target to $160

Stifel analyst Matthew Sheerin maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Buy and raises the price target from $140 to $145.

Stifel Maintains Buy on NetApp, Raises Price Target to $145

Wells Fargo analyst Aaron Rakers maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Equal-Weight and raises the price target from $135 to $140.

Wells Fargo Maintains Equal-Weight on NetApp, Raises Price Target to $140

Barclays analyst Tim Long maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Equal-Weight and raises the price target from $119 to $132.

Barclays Maintains Equal-Weight on NetApp, Raises Price Target to $132

Morgan Stanley analyst Meta Marshall maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Equal-Weight and raises the price target from $127 to $132.

Morgan Stanley Maintains Equal-Weight on NetApp, Raises Price Target to $132

The tech hardware market is booming in 2025, driven by smart city initiatives, IoT demand, and innovation in robotics, cloud, and edge computing, offering lucrative investment opportunities. Given these innovation trends, tech hardware stocks like NetApp (NTAP), Seagate Technology (STX), and Silicon Motion Technology (SIMO) could be smart choices this year. Read on... In today's technology-driven world, the rise of smart city initiatives and IoT-enabled infrastructure has significantly increased the demand for advanced hardware. This trend has fueled growth in hardware segments like SSDs, NAS, servers, and the chip industry.
As the sector continues to innovate, investors might consider fundamentally strong tech hardware stocks such as NetApp, Inc. (<a href="https://stocknews.com/stock/NTAP/">NTAP</a>), Seagate Technology Holdings plc (<a href="https://stocknews.com/stock/STX/">STX</a>), and Silicon Motion Technology Corporation (<a href="https://stocknews.com/stock/SIMO/">SIMO</a>), which offer promising prospects.
Ever-evolving hardware innovations are driving a surge in digital capabilities while advancing sustainable manufacturing practices, resonating with eco-conscious consumers. Meanwhile, increasing investments in hardware research and development make this sector both dynamic and lucrative. Hence, Gartner forecasts worldwide device spending to rise by <a href="https://www.gartner.com/en/newsroom/press-releases/2024-10-23-gartner-forecasts-worldwide-it-spending-to-grow-nine-point-three-percent-in-2025">9.5% in 2025</a>, reaching $805.72 billion.
Simultaneously, the rising demand for advanced hardware to support robotics, cloud, and edge computing continues to fuel growth in the tech hardware sector. As a result, the global IT hardware market is projected to reach <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market#:~:text=IT%20Hardware%20Market%20Research%20FAQs&amp;text=The%20Global%20IT%20Hardware%20Market,USD%20206.05%20billion%20by%202030.">$141.15 billion this year</a>, growing at a CAGR of 7.9%. Similarly, the global semiconductor market is expected to expand by <a href="https://www.idc.com/getdoc.jsp?containerId=prAP52837624">15% in 2025</a>, further solidifying the tech hardware sector's growth trajectory.
Considering these conducive trends, let's assess the fundamentals of the abovementioned tech hardware stocks.
NetApp, Inc. (<a href="https://stocknews.com/stock/NTAP/">NTAP</a>)
NTAP provides cloud-led and data-centric services to manage and share data on-premises and private and public clouds worldwide. It operates in two segments: Hybrid Cloud and Public Cloud. The company offers intelligent data management software and storage infrastructure solutions.
On December 1, 2024, NTAP announced the integration of its on-premises enterprise storage arrays with AWS Outposts, simplifying hybrid cloud deployments by enabling external block data volumes management via the AWS Management Console. The solution enhances resiliency, compliance, and infrastructure optimization for customers running enterprise applications and databases on Outposts.
On November 11, 2024, NTAP announced an expanded collaboration with Red Hat to enhance enterprise application development and management in virtual environments. This partnership integrates NTAP's intelligent data infrastructure with Red Hat OpenShift, offering customers improved flexibility and performance for managing virtualized environments and Kubernetes containerized workloads.
In terms of the trailing-12-month Return on Total Capital, NTAP's 26.75% is 753% higher than the 3.14% industry average. Similarly, its 12.78% trailing-12-month Return on Total Assets is 546.3% higher than the industry average of 1.98%. Its 0.72x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 14.8% higher than the industry average of 0.62x.
For the fiscal second quarter, which ended October 25, 2024, NTAP's net revenue increased 6.1% year-over-year to $1.66 billion. Its non-GAAP gross profit rose 6% from the year-ago value to $1.18 billion.
NTAP's non-GAAP income from operations grew 13.4% year-over-year to $475 million. In addition, the company's non-GAAP net income came in at $493 million or $1.87 per share, increases of 16% and 18.4% year-over-year, respectively.
Street expects NTAP's revenue for the quarter ending January 31, 2025, to increase 5.3% year-over-year to $1.63 billion. Its EPS for the quarter ending April 30, 2025, is expected to rise 10.4% year-over-year to $1.99. It surpassed the EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 39.6% to close the last trading session at $119.98.
NTAP's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect robust prospects. It has an overall rating of B, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #19 out of 41 stocks in the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry. It has an A grade for Quality and a B for Momentum. <a href="https://stocknews.com/stock/NTAP/">Click here</a> to see NTAP's Growth, Value, Stability, and Sentiment ratings.
Seagate Technology Holdings plc (<a href="https://stocknews.com/stock/STX/">STX</a>)
Based in Singapore, STX is engaged in providing data storage technology and infrastructure solutions globally. The company offers mass capacity storage products, including enterprise nearline HDDs, enterprise nearline SSDs, enterprise nearline systems, video and image HDDs, and network-attached storage drives.
In terms of the trailing-12-month asset turnover ratio, STX's 0.96x is 53.6% higher than the 0.62x industry average. Likewise, the stock's 14.37% trailing-12-month Return on Total Capital is 358.3% higher than the 3.14% industry average. Also, its 10.34% trailing-12-month Return on Total Assets is 422.6% higher than the industry average of 1.98%.
STX's revenues for the fiscal first quarter ending September 27, 2024, increased 49.1% from the previous year, reaching $2.17 billion. Similarly, its non-GAAP operating income was $403 million, compared to a non-GAAP operating loss of $129 million.
For the same quarter, its non-GAAP net income and non-GAAP EPS stood at $337 million and $1.58, respectively, compared to a non-GAAP net loss and loss per share of $46 million and $0.22.
For the quarter ended December 30, 2024, STX's revenue is expected to increase 49.1% year-over-year to $2.32 billion. Its EPS for the same quarter is expected to grow considerably year-over-year to $1.88. STX surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past nine months, the stock has gained 15.6% to close the last trading session at $96.22.
STX's strong fundamentals are reflected in its POWR Ratings. It has an A grade for Growth and a B for Momentum and Quality. Within the Technology – Hardware industry, it is ranked #22. To access the additional POWR Ratings of STX for Value, Stability, and Sentiment, <a href="https://stocknews.com/stock/STX/">click here</a>.
Silicon Motion Technology Corporation (<a href="https://stocknews.com/stock/SIMO/">SIMO</a>)
Based in Hong Kong, SIMO and its subsidiaries design, develop, and market NAND flash controllers for solid-state storage devices internationally. The company offers controllers for computing-grade SSDs, enterprise-grade SSDs, eMMC and UFS mobile embedded storage, flash memory cards and flash drives, and specialized SSDs.
On November 8, 2024, SIMO announced its collaboration with TOP-electronics to expand its market presence across the EMEA region. The partnership focuses on delivering Ferri embedded storage and display interface solutions for AI, AIoT, embedded, and automotive applications.
In terms of the trailing-12-month net income margin, SIMO's 10.90% is 186.5% higher than the 3.80% industry average. Its 10.97% trailing-12-month EBIT margin is 105.1% higher than the industry average of 5.35%. Moreover, its 0.81x trailing-12-month asset turnover ratio is 29.6% higher than the industry average of 0.62x.
In the fiscal third quarter that ended September 30, 2024, SIMO's net sales stood at $212.41 million, up 23.3% year-over-year, and non-GAAP gross profit rose 35.5% year-over-year to $99.33 million. For the same quarter, its non-GAAP net income and earnings per ADS increased 47.3% and 46% over the prior-year quarter to $31.02 million and $0.92, respectively.
Analysts expect SIMO's EPS for the quarter ending March 31, 2025, to increase 7% year-over-year to $0.69. Its revenue for fiscal 2024 is expected to increase 25.7% year-over-year to $803.40 million. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past three months, the stock has gained 8.2% to close the last trading session at $51.71.
SIMO's positive outlook is reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It is ranked #6 out of 90 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry. It has an A grade for Value. To see SIMO's Growth, Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/SIMO/">click here</a>.
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<hr />
NTAP shares were unchanged in after-hours trading Friday. Year-to-date, NTAP has gained 5.65%, versus a 1.96% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ntap-stx-simo-3-tech-hardware-stocks-quietly-innovating/>3 Tech Hardware Stocks Quietly Innovating</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Hardware Stocks Quietly Innovating

San Francisco 49ers and NetApp (NTAP) announced a new multi-year strategic partnership. Coming in as a founding level partner, the highest tier of ...

NetApp and  San Francisco 49ers in multi-year strategic partnership

NetApp appoints Wissam Jabre as CFO

NetApp (NTAP) announced the appointment of Wissam Jabre as Executive Vice President and Chief Financial Officer effective March 10, 2025. Jabre bri...

NetApp names Wissam Jabre as new CFO

NetApp ( ($NTAP) ) has provided an update. On January 28, 2025, NetApp announced the appointment of Wissam Jabre as the new Executive Vice Presiden...

NetApp Appoints Wissam Jabre as New CFO

Press Releases

NetApp Reports Second Quarter of Fiscal Year 2025 Results

NetApp to Participate in Upcoming Technology Conferences

NetApp Announces Integrated Solution with AWS Outposts for Hybrid Cloud Deployments

New Research from NetApp Finds One in Five Companies Unable to Recover Data After Cyberattack

NetApp's 2024 Data Complexity Report Reveals AI's Make or Break Year Ahead

Flexera to Acquire FinOps Business from NetApp, Inc. to Strengthen FinOps Portfolio

San Francisco 49ers and NetApp Team up to Elevate Operations and Fan Experience

Wissam Jabre Joins NetApp as Executive Vice President and Chief Financial Officer

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