Ups And Downs: The Best And Worst Tech Stocks In The First Half Of 2017
Submitted by Rick Whiting on
NetApp
CEO: George Kurian
Dec. 30, 2016: $35.27
June 30, 2017: $40.05
Change: +13.55%
In June NetApp entered the hyper-converged infrastructure market, debuting the NetApp HCI system that combines the company's SolidFire all-flash storage technology with other technologies.
In May NetApp made two acquisitions, Immersive Partner Solutions and PlexiStor, to help grow its converged infrastructure and cloud storage business.
For its fiscal 2017 ended April 28, NetApp reported revenue of $5.52 billion, down 0.5 percent from $5.55 billion in fiscal 2016. But net income for fiscal 2017 was $509 million, more than double the $229 million net income one year before.