NetApp’s Cloud Partnerships Fail to Lift NTAP Stock Despite Strategic Collaborations
NetApp shares slid Thursday despite announcing expanded partnerships with Google Cloud, Cisco, Broadcom, and SAP. The data management firm's new initiatives aim to enhance cloud migration and AI-driven storage solutions, yet investors remained unimpressed.
The Google Cloud collaboration introduces advanced block storage capabilities in NetApp Volumes, featuring multi-data type support and AI-powered management options. Meanwhile, the Cisco partnership yields the new AFX architecture—details of which remain undisclosed in the partial announcement.