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Barchart
Sohini Mondal

NetApp Stock: Is NTAP Underperforming the Technology Sector?

NetApp NTAP

Valued at a market cap of $20.9 billion, NetApp, Inc. (NTAP) is an intelligent data infrastructure company that provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures. The San Jose, California-based company operates in two segments: Hybrid Cloud and Public Cloud.

Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and NetApp fits this description perfectly. The company combines unified data storage, integrated data, operational, and workload services. It also creates silo-free infrastructure, harnessing observability and AI to enable the industry’s best data management.

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