NetApp: ARR Growth And Margin Expansion Should Drive Further Upside
Portfolio Pulse from
NetApp has shown strong performance with a beat-and-raise in Q2, increasing its full-year EPS guidance. The stock is trading at a reasonable P/E ratio compared to its rivals, Pure Storage and Nutanix.
November 26, 2024 | 9:00 pm
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NetApp's Q2 performance exceeded expectations, leading to an increased full-year EPS guidance. The stock is attractively priced compared to competitors.
NetApp's strong Q2 results and increased EPS guidance suggest positive momentum. The stock's attractive valuation compared to competitors like Pure Storage and Nutanix could drive investor interest, potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100