NetApp, a leading provider of innovative storage and data management solutions, could exceed the USD 38.45 threshold in the coming trading sessions.
Sales are up 5.5% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. The last EPS was at USD 1.37 and is estimated at USD 1.78 for 2014. Eventually, the group has a capability to generate a solid cash position, which allow it to stay independent from external creditors.
Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions. The 20-day moving average should help to reach the USD 42.95 long term resistance.
In consequence, investors can take a long position above the USD 38.5 with a first target at USD 42.95. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be set below the 20-day moving average.
NetApp, Inc. specializes in the design, manufacturing and marketing of equipment for managing and storing network data. Net sales break down by family of products and services as follows:
- product sales (52%): file, cache and storage servers, data management, content distribution and information synthesis softwares;
- support services (37.1%): consulting, maintenance, technical assistance and training services;
- cloud services (6.3%): cloud storage and data management services;
- professional services (4.6%).
Net sales are distributed geographically as follows: Americas (54.8%), Europe/Middle East/Africa (31.3%) and Asia/Pacific (13.9%).
NETAPP, INC. 
