Analysis: NetApp, Inc.

US:NTAP

Why is NetApp, Inc. stock rising?

  • Fiscal 2027 revenue guidance implies 8% growth, an acceleration from fiscal 2026.
  • Public Cloud storage services are expected to grow faster in fiscal 2027 than in the prior year.
  • Keystone storage-as-a-service is expected to grow faster than NetApp's traditional infrastructure business.
  • The multiyear Google Distributed Cloud agreement is expected to support future hybrid cloud support revenue.

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