Updated
Updated · MarketWatch · May 7
NetApp stock rises but underperforms rivals
Updated
Updated · MarketWatch · May 7

NetApp stock rises but underperforms rivals

7 articles · Updated · MarketWatch · May 7
  • Shares gained 1.13% to $113.00 on Thursday as the S&P 500 fell 0.38% and the Dow dropped 0.63% in a broadly weak session.
  • NetApp lagged Cloudflare, which rose 3.30%, while Arista Networks fell 3.61% and Western Digital declined 3.98%.
  • The stock closed 10.78% below its 52-week high of $126.66 reached on 19 September, and trading volume of 2.0 million was below its 50-day average.
With rivals soaring on AI demand, can NetApp's software-led strategy prove its worth in the high-stakes data infrastructure race?
NetApp's valuation metrics are contradictory. Is it a hidden value play or an overvalued company in disguise?