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Barchart
Sohini Mondal

Is NetApp Stock Outperforming the Nasdaq?

NetApp NTAP Nasdaq Composite

Valued at a market cap of $24.1 billion, San Jose, California-based NetApp, Inc. (NTAP) provides enterprise storage, data management software, and cloud-based services to support modern data infrastructures. Its offerings include FAS and E-Series storage platforms, NVMe-based all-flash storage, and cloud solutions like Cloud Volumes ONTAP.

Companies valued at $10 billion or more are generally labeled as “large-cap” stocks, and NetApp fits this criterion perfectly. NetApp's portfolio emphasizes storage efficiency, data protection, and hybrid cloud capabilities, serving the finance, healthcare, and telecommunications industries. The company operates globally across Hybrid Cloud and Public Cloud segments with a strong partner ecosystem.

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