Published on 30 May 2024 on Simply Wall St. via Yahoo Finance
NetApp (NASDAQ:NTAP) shareholders have earned a 17% CAGR over the last five years
Passive investing in index funds can generate returns that roughly match the overall market. But the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the NetApp, Inc. (NASDAQ:NTAP) share price is up 92% in the last five years, slightly above the market return. It's also good to see a healthy gain of 77% in the last year.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.