NetApp (NTAP) Marked As Today's Post-Market Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified NetApp ( NTAP) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified NetApp as such a stock due to the following factors:

  • NTAP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $127.2 million.
  • NTAP is down 8.4% today from today's close.

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More details on NTAP:

NetApp, Inc. is engaged in design, manufacture, and marketing of networked storage solutions. The company provides storage and data management software, systems, and services. The stock currently has a dividend yield of 1.9%. NTAP has a PE ratio of 18. Currently there are 6 analysts that rate NetApp a buy, 4 analysts rate it a sell, and 16 rate it a hold.

The average volume for NetApp has been 3.3 million shares per day over the past 30 days. NetApp has a market cap of $10.8 billion and is part of the technology sector and computer hardware industry. The stock has a beta of 1.27 and a short float of 3.2% with 2.49 days to cover. Shares are down 14.7% year-to-date as of the close of trading on Tuesday.

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