Top 10 Tech Stocks with Strong Return on Equity

6. NetApp, Inc. (NASDAQ:NTAP)

Return on Equity: 108.51%

Number of Hedge Fund Holders: 42

NetApp, Inc. (NASDAQ:NTAP) is one of the top tech stocks with a strong return on equity. On August 6, the company announced that Amazon FSx for NetApp ONTAP is a supported external storage option for Amazon Elastic VMware Service (Amazon EVS) on Amazon Web Services (AWS).

The integration combines NetApp’s proven, secure data management and protection capabilities with AWS’s scale, resilience, and performance. Consequently, users can run VMware Cloud Foundation (VCF) directly within their Amazon Virtual Private Cloud (Amazon VPC). The integration will also make it easier for people to migrate mission-critical workloads to the cloud, helping businesses drive transformation.

NetApp remains well-positioned to help customers accelerate modern workloads in the cloud by offering enterprise storage solutions.

“Customers utilizing Amazon EVS with FSx for ONTAP can now enjoy the same data efficiency, protection, and automation they trust on-premises,” said Pravjit Tiwana, Senior Vice President and General Manager, Cloud Storage at NetApp. “Through our collaboration with AWS, we’re making it easier to move critical workloads to the cloud and manage them at scale.”

NetApp, Inc. (NASDAQ:NTAP) is a data infrastructure company. It provides solutions for unified data storage, integrated data services, and cloud operations (CloudOps), thus helping businesses manage and optimize their data, whether it’s stored on-premises or in the cloud.