10 Best Hardware Stocks to Buy Now

7. NetApp, Inc. (NASDAQ:NTAP)

Number of Hedge Fund Holders: 41

NetApp, Inc. (NASDAQ:NTAP) is an intelligent data infrastructure company that serves enterprises through its data management products and solutions. It operates through two segments including Hybrid Cloud Solutions and Public Cloud Services. The Hybrid Cloud segment provides hardware and software aimed at modernizing data centers, whereas the Public Cloud Services provides solutions for major public clouds including AWS, Azure, and Google Cloud.

During the fiscal third quarter of 2025, NetApp, Inc. (NASDAQ:NTAP) reported net revenues of $1.64 billion, reflecting a 2% increase year-over-year. This growth was driven by growth in the Public Cloud segment which improved 15% during the same time. More notably, the company’s All-Flash Array annualized net revenue grew 10% to reach $3.8 billion. It also introduced new products during the quarter including, the all-new AFF A-Series and C-Series systems, and also enhanced StorageGRID object storage capabilities. Management expects fourth-quarter revenues between $1.65 billion – $1.80 billion. NetApp, Inc. (NASDAQ:NTAP) is one of the best hardware stocks to buy now.

Artisan Mid Cap Value Fund stated the following regarding NetApp, Inc. (NASDAQ:NTAP) in its Q3 2024 investor letter:

“With regard to sales, we exited NetApp, Inc. (NASDAQ:NTAP), an enterprise data storage and solutions company. Shares had moved into the higher end of our range of fair value on strong earnings results and enthusiasm about the long-term growth potential from artificial intelligence for the company’s storage solutions.”