Jim Cramer’s Latest Lightning Round: 11 Stocks to Watch

5. NetApp, Inc. (NASDAQ:NTAP)

Number of Hedge Fund Holders: 44

Cramer likes NetApp, Inc. (NASDAQ:NTAP) and highlighted that its stock is cheap. He commented:

“That’s a good company. They’re making a lot of money. It’s not expensive. I’m all in. We saw ’em in San Jose… I saw it. I said I’m gonna look into this. It turned out to be very cheap.”

NetApp (NASDAQ:NTAP) offers a suite of enterprise software, systems, and services that help customers improve their data infrastructures, focusing on data management, storage solutions, cloud services, and professional support. As of October 29, the stock has a forward PE ratio of 17.07, trading at a 30.28% discount compared to its sector median.

NetApp’s (NASDAQ:NTAP) financial results for the first quarter of fiscal year 2025 revealed net revenues of $1.54 billion, marking an 8% increase year-over-year. Looking ahead, the outlook for the second quarter of fiscal year 2025 shows that net revenues are expected to fall between $1.565 billion and $1.715 billion, with EPS projected in the range of $1.27 to $1.37. Furthermore, for the entire fiscal year 2025, the consolidated gross margins are expected to be between 70% and 71%, while EPS is estimated to range from $5.17 to $5.37.