NetApp traded at $119.93 this Friday May 15th. Looking back, over the last four weeks, NetApp lost 15.67 percent. Over the last 12 months, its price rose by 19.30 percent. Looking ahead, we forecast NetApp to be priced at 117.52 by the end of this quarter and at 110.57 in one year, according to Trading Economics global macro models projections and analysts expectations.
NetApp, Inc. (NetApp) is a cloud-led, data-centric software company. The Company provides systems, software and cloud services that enable them to run their applications optimally from data center to cloud, whether they are developing in the cloud, moving to the cloud, or creating their own cloudlike experiences. It operates in one industry segment: the design, manufacturing, marketing, and technical support of storage and data management solutions. NetApp's public cloud services are delivered as cloud-based software and as Software-as-a-Service. The public cloud services portfolio is categorized into four solution areas: cloud storage, cloud controls, cloud services and analytics and cloud optimization. Its hybrid cloud solutions are a portfolio of offerings that deliver on-premises, private cloud, and hybrid cloud services, designed to operate with public cloud data services. Its portfolio is categorized into three solution areas: data storage, data protection and data management.