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TD Cowen analyst Krish Sankar reiterates NetApp (NASDAQ:NTAP) with a Buy and maintains $200 price target.
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President Donald Trump recently claimed the U.S. has “total control” over the Strait. NVIDIA acquire Hugging Face for $12.93 billion.
NVIDIA shares rose 1.8% following its $12.9 billion acquisition of AI platform Hugging Face. Broadcom fell 2.7% after issuing weaker-than-expected Q4 revenue guidance. NetApp gained 2.6% on beating earnings estimates, while Campbell's tumbled 7% after missing consensus expectations.
NetApp delivered record Q1 fiscal 2027 results with EPS up 66.5% to $2.58 and revenues climbing 29.9% to $2.03 billion, driven by strong AI spending and all-flash array sales reaching $1.31 billion. The company raised full-year guidance to $7.975-$8.225 billion in revenues with EPS of $9.73-$10.03, reflecting 17% and 22% growth respectively.