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Based in San Jose, California, NetApp, Inc. (NTAP) is a data management and cloud services player with a market cap of $25.21 billion. As a pioneer in data storage and management solutions, NetApp provides comprehensive data storage, cloud computing, and data protection services. The company operates globally, serving many customers, from small businesses to large enterprises and government organizations.
Shares of NetApp have outperformed the broader market considerably over the past year. NTAP has gained 59.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 19.6%. In 2024 alone, NTAP stock is up 38.9%, surpassing SPX’s 12% rise on a YTD basis.
