Shares of NetApp Inc. (NASDAQ:NTAP) traded at a new 52-week high today of $93.38. This new high was reached on below average trading volume as 230,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
NetApp Inc. (NASDAQ:NTAP) defies analysts with a current price ($92.87) 17.2% above its average consensus price target of $76.87.
NetApp is a leading provider of enterprise data management and storage solutions. The company’s three operating business units are products, software maintenance, and hardware maintenance. NetApp transitioned from a data center storage firm to a company with software data management solutions for multicloud environments. The California-headquartered company sells globally and has approximately 10,000 employees.
NetApp Inc. share prices have moved between a 52-week high of $93.38 and a 52-week low of $40.46 and are now trading 130% above that low price at $92.87 per share.
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