Revenue segments as reported by the company.

Product

Services

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Gain on sale or derecognition of assets

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

NetApp

NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Volumes ONTAP, NetApp Cloud Sync, NetApp Cloud Secure, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Kubernetes Service, and NetApp Cloud Insights. It also provides cloud infrastructure solutions, such as FlexPod, a portfolio of pre-validated designs and integration, NetApp HCI for public cloud consumption experience, and NetApp StorageGRID, a software-defined object-based storage solution. The company also offers storage systems and software, including all-flash arrays that support data management, hybrid arrays to deploy the speed of flash storage, the NetApp ONTAP storage operating system, NetApp ONTAP Select, which offers robust enterprise storage services, NetApp MAX Data, NetApp FlexArray storage virtualization software, NetApp OnCommand API Services, NetApp Active IQ software, NetApp data availability services, NetApp SnapCenter backup management software, NetApp SnapMirror data replication software, NetApp MetroCluster business continuity software, NetApp SnapLock data compliance software, the NetApp SANtricity storage operating system, and the NetApp Element operating system. It provides software maintenance, hardware maintenance, and other services, including professional services, global support solutions, and customer education and training. The company serves the energy, financial services, government, high technology, Internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications sectors through a direct sales force and an ecosystem of partners. NetApp was founded by David Hitz, James K. Lau and Michael Malcolm in April 1992 and is headquartered in San Jose, CA.

Earnings data Q3 2021

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NetApp exceeds Q4 expectations, anticipates decline in FY 2024 revenue

NetApp delivered strong Q4 results, but faces challenges with declining segment revenues and an expected decline in total revenue for fiscal year 2024. However, the company's focus on digital transformation projects, new product introductions, and returning free cash flow to shareholders highlights its strengths and opportunities for future growth. The emphasis on AI applications, cloud optimization, and product innovation positions NetApp to capitalize on evolving market trends.

NetApp reports solid start to FY '24 amidst cloud challenges

NetApp's Q1 performance reflects a mixed picture with strengths in cloud storage and consumption, but challenges in subscription and hybrid cloud revenue. The company remains confident in the growth potential of their Public Cloud business and is focused on addressing optimization trends and refining their portfolio and pricing.

NetApp exceeds Q3 expectations, focuses on cost control and growth

NetApp's Q3 performance demonstrated resilience amidst challenges, with a strategic focus on cost control and market alignment for future growth.
While facing headwinds in deal sizes and revenue, the company's strengths in CloudOps and competitive pricing position it well for opportunities ahead.
Navigating challenges in the tech sector, NetApp remains optimistic about driving growth through operational efficiency and market responsiveness.

NetApp exceeds Q4 expectations, eyes AI and cloud growth

NetApp delivered strong Q4 results, setting records for operating margin and EPS, with a focus on margin expansion and profitability.
The company is strategically positioned to leverage AI and cloud opportunities, aiming for a 55% product margin target in 2024.
Challenges include revenue decline expectations for FY 2024 and the need to improve billings, while opportunities lie in lower cost NAND technology and cloud optimization.
Overall, NetApp's performance reflects resilience in the face of challenges, with a clear strategy to drive growth and innovation in the coming year.

NetApp (NTAP) beats Q1 expectations, eyes cloud growth opportunities

NetApp (NTAP) exceeded Q1 2024 guidance, with strengths in AI storage, cloud partnerships, and go-to-market changes. Challenges include declines in Hybrid Cloud and all-flash array segments, as well as subscription business issues. Opportunities in cloud growth, product refinement, and pricing optimization.

NetApp beats Q2 expectations, eyes growth amidst cloud challenges

NetApp's Q2 performance exceeded expectations with record margins and profitability measures.
The company faces challenges from soft demand and cloud subscription headwinds.
However, strategic partnerships and product innovations present growth opportunities.
Overall, NetApp remains confident in its momentum and unified data storage solutions.

NetApp exceeds Q3 expectations, eyes growth in cloud services

NetApp's Q3 FY '24 earnings call showcased exceptional performance, strength in all-flash solutions and cloud services, challenges in U.S. public sector revenue, and opportunities for growth in fiscal year '25. The company's focus on innovation, go-to-market execution, and investment in product development positions it for continued success.

NetApp exceeds revenue guidance, focuses on cloud and storage growth

NetApp's strong financial performance in Q4 '24 and FY '24, coupled with strategic initiatives in cloud and storage offerings, position the company for continued success. While facing challenges in product margins and cash flow management, NetApp's focus on growth opportunities and customer-centric solutions presents a positive outlook for FY '25.

NetApp reports robust Q1 performance, raises outlook on key solutions

NetApp's Q1 2025 performance showcased strong revenue growth, record margins, and positive customer feedback on new offerings.
Despite challenges from subscription services, the company is well-positioned to capitalize on opportunities in cloud and AI solutions.
Raised revenue guidance and continued momentum in key segments signal a promising outlook for NetApp in FY '25.

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NetApp, Inc. engages in the provision of software, systems, and services to manage and share data on-premises. The firm also offers private and public clouds worldwide. It operates through the Hybrid Cloud and Public Cloud segments. The Hybrid Cloud segment provides a data storage portfolio for storage management and infrastructure solutions. The Public Cloud segment refers to a portfolio of products delivered primarily as-a-service. The company was founded by David Hitz, James K. Lau, and Michael Malcolm in April 1992 and is headquartered in San Jose, CA.

SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Thursday, November 21, 2024, NetApp (NASDAQ: NTAP) will announce financial results for the second quarter of fiscal year 2025 which ended October 25, 2024. NetApp executive management will host a conference call Webcast at 2:30 p.m. Pacific Time to discuss these results and provide their perspective on market dynamics. How to Participate The live Webcast call can be accessed at investors.netapp.com. Please allow at least 15 minutes prior.

NetApp Hosts Second Quarter of Fiscal Year 2025 Financial Results Webcast

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the appointment of Pamela Hennard as the new Chief Diversity and Inclusion Officer. In her expanded role, Pamela will lead NetApp's efforts to foster diversity, equity, and inclusion across the organization and within the talent acquisition process and throughout the full employee journey. Pamela Hennard has been an integral part of NetApp's success, serving as the Vice Presid.

NetApp Elevates Pamela Hennard to Chief Diversity and Inclusion Officer, Accelerating its Vision for a More Inclusive Future

Recently, Zacks.com users have been paying close attention to NetApp (NTAP). This makes it worthwhile to examine what the stock has in store.

NetApp, Inc. (NTAP) is Attracting Investor Attention: Here is What You Should Know

NetApp (NTAP) closed the most recent trading day at $121.24, moving +0.69% from the previous trading session.

NetApp (NTAP) Outperforms Broader Market: What You Need to Know

Leidos Hld

ResMed

Travelers

Trane Technologies plc

Leidos Holdings, NetApp, ResMed, Trane Technologies and Travelers could be compelling picks for investors looking for dividend stocks.

5 Top Dividend Stocks That Promise Substantial Growth

I believe NetApp's valuation at 17x forward non-GAAP EPS is attractive for a tech company with its growth potential. I'm impressed by the company's focus on AI workloads, cloud integration, and flash storage, which are key growth drivers. NetApp's ability to outpace the S&P500 since my initial bullish call further supports my confidence in its future performance.

NetApp: Why Investors Should Remain Bullish For Fiscal 2025

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Here's Why NetApp (NTAP) is a Strong Growth Stock

Pure Storage

Super Micro Computer

Momentum in cloud computing, IoT, auto and AI is likely to favor the prospects of Zacks Computer - Storage Devices industry players like SMCI, NTAP and PSTG amid macroeconomic headwinds.

3 Storage Devices Stocks to Gain From Positive Industry Trends

NetApp (NTAP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

NetApp, Inc. (NTAP) Is a Trending Stock: Facts to Know Before Betting on It

Ciena

The artificial intelligence (AI) boom has been underway throughout 2024 despite many legacy technologies still undergoing normalization after a fantastic post-pandemic reopening surge in 2021. The acceleration of AI deployment is helping to lift legacy technologies like cloud computing, virtualization, networking, and hard disk drives (HDDs) as enterprises work through the inventory glut.

2 Stocks Riding the Recovery in Cloud Computing Driven by AI

NTAP enhances its cybersecurity portfolio with advanced Autonomous Ransomware Protection and AI-driven solutions.

Will NetApp's Advancements in Cyber Resiliency Propel Stock Growth?

Agnico Eagle Mines

CRA International

NetApp (NTAP), Agnico Eagle (AEM), ResMed (RMD), Charles River (CRAI) and Leidos Holdings (LDOS) could be compelling picks in the final quarter of the year.

5 Dividend Growth Stocks to Buy in Q4

NetApp, Inc. NTAP has expanded its partnership with Google Cloud by integrating unified data storage and intelligent services into the Google Distributed Cloud architecture.  With Google Distributed Cloud, customers can enhance their cloud infrastructure by extending services to on-premises data centers and network edges.

NetApp Strengthens Partnership With Google Cloud: Stock to Benefit?

American Express

Helios Technologies Inc

On 10/4/24, American Express, NetApp, and Helios Technologies will all trade ex-dividend for their respective upcoming dividends. American Express will pay its quarterly dividend of $0.70 on 11/8/24, NetApp, will pay its quarterly dividend of $0.52 on 10/23/24, and Helios Technologies will pay its quarterly dividend of $0.09 on 10/21/24.

Ex-Dividend Reminder: American Express, NetApp And Helios Technologies

NetApp Inc. NASDAQ: NTAP is an intelligent data infrastructure company that offers data-centric software and networking hardware that enable enterprises to manage and use their data. The computer and technology sector leader provides on-premise and hybrid cloud solutions with all-flash storage, networking gear, observability, cyber resilience, and cybersecurity.

Why NetApp's AI-Driven Data Solutions Make It a Top Tech Stock

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the expansion of its strategic partnership with Google Cloud with the integration of unified data storage and intelligent services into the Google Distributed Cloud architecture. This integration empowers organizations, especially in the public sector and regulated industries, to leverage AI-ready infrastructure while maintaining high standards for security and strict regulato.

NetApp Expands Collaboration with Google Cloud to Provide Data Storage for Distributed Cloud Infrastructure

NetApp has benefited from a surge in AI infrastructure spending, helping push its billings growth rates to the double digits. The stock has risen ~40% year to date in response to renewed growth trends. But in spite of the YTD rally, the stock is still reasonably valued at ~16x forward P/E. Despite already closing AI deals today and having many exploratory AI conversations with its customer base today, company leadership believes the bulk of opportunity is still ahead.

NetApp: Trading At Great Value Despite AI Tailwinds

NetApp (NTAP) reported earnings 30 days ago. What's next for the stock?

Why Is NetApp (NTAP) Up 4.4% Since Last Earnings Report?

By integrating NTAP's AIPod architecture and NVIDIA's AI platforms, enterprises are likely to unlock the potential of RAG and fuel AI-driven transformation.

NetApp Unveils Advanced Gen-AI Data Vision With NVIDIA Integration

Why NetApp (NTAP) is a Top Growth Stock for the Long-Term

Datadog

Fortinet

The surging demand for cloud computing is helping stocks like DDOG, NTAP, IBM and FTNT.

Cloud Computing Dependency on the Rise: Buy 4 Stocks With Upside

Cabot

HCA Healthcare

NetApp, Cabot, Leidos Holdings, Charles River and HCA Healthcare could be compelling picks amid a low rate scenario.

5 Dividend Growth Stocks Likely to Outperform Amid Low Rates

Partnership enhances performance, security, and cost efficiency for customers Partnership enhances performance, security, and cost efficiency for customers

Dremio and NetApp Deliver Scalable, Secure, High-Performance Hybrid Iceberg Lakehouse Capabilities with New integrated Data Management and Analytics Solution

F5 Networks

SEATTLE & SAN JOSE, Calif.--(BUSINESS WIRE)--F5 (NASDAQ: FFIV) and NetApp (NASDAQ: NTAP) today announced an expanded collaboration to accelerate and streamline enterprise AI capabilities using secure multicloud networking solutions from F5 and NetApp's suite of data management solutions. This collaboration leverages F5 Distributed Cloud Services to streamline the use of large language models (LLMs) across hybrid cloud environments. By integrating F5's secure multicloud networking with NetApp's.

F5 and NetApp Accelerate and Streamline Large Language Model AI Deployments

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced new developments in its collaboration with industry leaders to accelerate AI innovation. By providing the intelligent data infrastructure required to make GenAI work, NetApp is helping organizations tap into one of the most important developments for business and IT in the last decade. GenAI powers practical and highly visible use cases for business innovation such as generati.

News for NetApp Stock (NTAP)