NetApp, Inc. (NTAP) is a storage and data management company headquartered in Sunnyvale, California. It is a member of the NASDAQ-100, and has ranked in the Fortune 500 since 2012. Founded in 1992 with an IPO in 1995, NetApp offers software, systems and services to manage and store data, including its proprietary Data ONTAP operating system.
Reported after close today (5/25/16) Earnings: EPS $0.55 Revenue $1.38B Estimates: EPS $0.57 Revenue $1.41B Down 7.56% after hours
Reported after close today (11/16/16) Earnings: EPS $0.60 Revenue $1.34B Estimates: EPS $0.54 Revenue $1.35B Up 10.74% after hours so far
NetApp, Inc (NTAP) has an incredible stock channel trading opportunity for all investors and swing traders. NetApp has held this long-term stock channel trading range since late 2018. Every time the upper channel is tagged, the stock sells off, every time the low trend line of the channel is tagged, it bounces significantly. Stock channel trading is one of the great ways investors and swing traders can profit with minor risk. If at any point the channel is broken and confirmed, an exit for a small loss is easily done. NetApp, Inc is just coming off the low end of the channel trading range. This implies there could be further upside, perhaps as high as $60 in the coming weeks/months. See the chart here: https://inthemoneystocks.com/stock-channel-trading-opportunity-on-netapp-ntap/ Gareth Soloway InTheMoneyStocks Chief Market Strategist
