NetApp Reports Record Quarter – AI Boom Meets All-Flash and Hybrid Cloud
Reading Time: 3 minutes
NetApp benefits from increasing investments in AI, all-flash storage, and hybrid cloud infrastructures. Around 350 AI and data lake deals, as well as new AWS and VMware solutions strengthen its position as a data platform for AI. Q1 delivered strong growth with 30% in revenue and 66% in adjusted EPS. The annual forecast has been significantly raised. The NetApp (NTAP) stock has risen over 73% since the beginning of the year, recently peaking at $209.06 on August 13, marking a new all-time high. In response to Q1 results, the stock fell...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
