Posted by on
Tags:
Categories: DELL EMC Netapp

@NetApp announced the results of its fiscal Q3 last week. Simply put, the results were a blow-out and the company increased its outlook for Q4 revenues. The shares pulled back sharply – close to 10% in the immediate wake of the release. At this price, the shares are on sale and valuation is very favorable for investors. Many observers still are skeptical that the company is in the process of returning to sustained double-digit growth. Observers also continue to be concerned about how NetApp will be impacted by aggressive competition from @DellEMC despite evidence that NetApp continues to gain share. NetApp – the shares were not such a lady this time around One lesson that investors learn again and again is that stock prices are set by supply and demand on a given day and by nothing else. And sometimes that affords investors with some great opportunities. NetApp (NASDAQ:NTAP) reported the results of its January quarter the other afternoon. It would be hard to suggest that the results were anything less than a blowout. Most everything went well for the company in terms of the success of its different product initiatives. Most particularly, the company reached $2 billion in annualized net revenues for its all-flash array offerings, up almost 50% year-on-year and up by almost 18% sequentially. It has been years since NetApp has been able to grow product revenues by 17% as was the case last quarter. It should be noted that some of the impressive performance in product revenue growth came because of a 350-basis point benefit from currency.

https://seekingalpha.com/article/4148154-netapp-shares-sale

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.