Is It Time To Reconsider NetApp (NTAP) After Recent Share Price Weakness?
- If you are wondering whether NetApp’s current share price still reflects good value, this article will walk through what the numbers are really saying about the stock.
- NetApp closed at US$98.22 recently, with returns of a 1.4% decline over 7 days, an 8.4% decline over 30 days, a 7.7% decline year to date, a 14.8% decline over 1 year, 54.2% over 3 years and 62.4% over 5 years.
- Recent coverage of NetApp has focused on its role in data storage and cloud solutions and how investor expectations around that positioning feed into the share price. This backdrop helps explain why the stock has seen mixed shorter term returns while longer term returns have been stronger.
- On Simply Wall St’s valuation checks, NetApp scores a 6/6 valuation score….
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