NetApp: Investor Apathy And Compelling Valuation Make It A Buy
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NetApp (NASDAQ:NTAP) remains one of our favorite technology stocks and is a buy. Since we first recommended NetApp stock in October 2020, it is up about 62% for a total return of about 65%. Yet, the stock is cheap, still trading at 16x on a P/E basis. NetApp grew its revenue 6% in FY21 and guided FY22 to grow 6-7%. The company pivoted from being an on-premises hardware vendor to a hybrid cloud storage software provider, with the cloud…
