NetApp Inc. (NASDAQ:NTAP) shares climbed almost 4%, to $31.23 during Tuesday session as the storage-technology firm kept a gathering with financial experts in New York.
Tom Georgens, Chief Executive of the firm began the meeting by stressing NetApp’s 2012 FY sales of $6.2 billion, which climbed almost 22% as compared to last year. Moreover, Georgens also reported that NetApp predicted even more growth, but has observed some confronts in regions like sales to the US government, as defense and intelligence industry agreements have lost momentum.
Its competitors include EMC Corporation (NYSE:EMC) that slipped -0.21% to $23.76 with the total traded volume of 6.19 million shares and Hewlett-Packard Company (NYSE:HPQ) that dropped -1.56% to $19.24 with the total traded volume of 4.64 million shares.
Other technology stocks with bullish trend include Zynga Inc (NASDAQ:ZNGA) up 1.24% to $6.14, Microsoft Corporation (NASDAQ:MSFT) up 0.74% to $30.08 and Seagate Technology PLC (NASDAQ:STX) up 2.97% to $23.96, whereas with bearish trend include Nokia Corporation (ADR) (NYSE:NOK) down -2.05% to $2.14, Intel Corporation (NASDAQ:INTC) down -1.07% to $25.77 and Cisco Systems, Inc. (NASDAQ:CSCO) down -1.33% to $16.71.
NetApp Inc. (NASDAQ:NTAP) stock reports on June 26, 2012 increased 0.53% to the trading price of $30.18 at 11:11AM EDT. Its fifty two week range is $27.79-$54.57. The total market capitalization remained $11.07 billion.
The overall volume in the current trading session is 4.37 million shares. In its share capital NTAP has 367.00 million outstanding shares among them 364.19 million shares have been floated in market exchange. NTAP stock institutional ownership remained 96.70% while insider ownership included 0.03%.
NTAP is ahead its 52 week low with 11.19% and logging behind from its 52 week high price with -43.38%. NTAP last month stock price volatility remained 2.93%. The stock price of NTAP is moving forward from its 20 days moving average with 1.89% and remote negatively from 50 days moving average with -9.72%.
NTAP current year earnings per share experienced a decline with -7.86% while its current quarter performance remained -35.20%. Company’s beta coefficient included 1.59. Beta factors measures the amount of market risk associated with market trade.
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