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The Best And Worst Technology Company Stocks In 2017

Thirty-two of the 42 of the technology companies on our watch list recorded gains in the price of their publicly traded shares in 2017. Here's a look at who gained and who didn't.

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NetApp

CEO: George Kurian

Dec. 30, 2016: $35.27

Dec. 29, 2017: $55.32

Change: +56.85%

NetApp, a supplier of enterprise storage and data management products, is another IT vendor that was struggling a few years ago, but has rebounded strongly in the past two years. Part of the company's success has been the rapid expansion of its solid-state storage product portfolio.

On Nov. 15 NetApp reported that revenue in its fiscal 2018 second quarter (ended Oct. 27) grew 6 percent to $1.42 billion from $1.34 billion in the same quarter one year earlier. The $175 million in net income for the quarter represented a 6 percent gain over the $109 million in net income in the same quarter one year earlier.

For the six months ended Oct. 2,7 NetApp reported revenue of $2.75 billion, up 4 percent from $2.63 billion in the first half of fiscal 2017. Net income for the six-month period was $311 million, up nearly 80 percent from $173 million the year before.

On Aug. 16 NetApp said that it had acquired Greenqloud, a Reykjavik, Iceland-based developer of technology for enterprise-scale cloud management.

 
 
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