Tech Company Stocks In Q1: Who Gained? Who Lost?

http://www.crn.com/ckfinder/userfiles/images/crn/executives/kurian-george-netapp400.jpg

NetApp

CEO: George Kurian

Dec. 30, 2016: $35.27

March 31, 2017: $41.85

Change: +18.66%

After a couple of turbulent years that included declining sales and management changes, NetApp appears to have turned the corner and resumed a growth trajectory. Adding to that momentum was the company's February 2016 acquisition of all-flash storage technology developer SolidFire for $870 million.

In February NetApp reported that revenue in its fiscal 2017 third quarter (ended Jan. 27) increased 1.3 percent to $1.40 billion from $1.39 billion in the same period one year earlier. That included sales of all-flash array systems at an annualized run rate of $1.40 billion. Net income for the quarter was $146 million, down 4.6 percent from $153 million one year before.