Here’s Why NetApp Stock Has Underperformed The Market Since 2018
- Monday, April 4, 2022, 4:49
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NetApp stock price rose 39% from around $60 at 2018 end, to $83 currently, due to favorable changes in its P/S multiple. This comes as a surprise, since the company has witnessed a drop in revenue over this period. However, revenue per share has risen, helped by a 17% decrease in the outstanding…
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