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The growing demand for data storage devices and solutions from enterprises to make better decisions and deliver insightful analytics has helped companies that offer data storage solutions to generate significant revenues over the past year. The continued adoption of hybrid working models and rising cybersecurity threats should further drive the industry’s growth. The global Data Storage market is expected to grow at a 7.1% CAGR to $76.22 billion by 2026. Therefore, NTAP and WDC should benefit substantially.
But, while WDC’s shares have declined 16.6% in price over the past three months, NTAP has surged 13.2%. NTAP is also a clear winner with 105.3% gains versus WDC’s 43.6% returns over the past year. But which of these stocks is a better pick now? Let’s find out.
