Revenue segments as reported by the company.

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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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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.

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

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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.

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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)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the release of its new all-flash NetApp ASA A-Series storage systems, optimized for block storage, to enable storage modernization for every organization. With these new systems and continued advancements to NetApp's intelligent data infrastructure, customers no longer need to make tradeoffs between operational simplicity, high-end capabilities, and affordability in their stor.

NetApp Accelerates Critical Block Storage Workloads with New High-Performance Systems

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced enhancements to its portfolio of cyber resiliency offerings to strengthen security for our customers. With these new features, NetApp continues to innovate as the most secure storage on the planet. NetApp is announcing the general availability of its NetApp ONTAP® Autonomous Ransomware Protection with AI (ARP/AI) solution, with 99 percent accuracy for detecting ransomware thre.

NetApp Makes Data More Resilient with Secure Storage

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today unveiled an advanced generative AI data vision and end-to-end integrated solutions that combine NVIDIA AI software and accelerated computing with NetApp intelligent data infrastructure for enterprise retrieval augmented generation (RAG) to power the future of agentic AI applications. This will bring new capabilities to the NetApp ONTAP unified storage operating system that can leverage.

NetApp Teams with NVIDIA to Redefine Enterprise RAG and Power Agentic AI

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Our Top 10 Dividend Growth Stocks - September 2024

NetApp, Inc. NTAP has partnered with Amazon Web Services (“AWS”) to drive growth and innovation by leveraging artificial intelligence (AI). The recently signed strategic collaboration agreement reflects the dedication of both companies to improve customer experiences through accelerated generative AI initiatives, simplified processes and valuable CloudOps solutions.

Will NetApp-AWS Expanded Partnership for Improved AI Aid NTAP Shares?

NTAP expands its collaboration with Aruba to enhance data management and cloud infrastructure capabilities for customers across Europe.

NetApp Teams Up With Aruba for Enhanced Data Center Solutions

Here is how NetApp (NTAP) and Box (BOX) have performed compared to their sector so far this year.

Is NetApp (NTAP) Outperforming Other Computer and Technology Stocks This Year?

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the expansion of its decade-long relationship with Amazon Web Services (AWS) to help joint customers continuously fuel business growth and innovation in the artificial intelligence (AI) era. Signing a new Strategic Collaboration Agreement (SCA) builds on the commitment to benefit joint customers by accelerating generative AI efforts, simplifying transactions, and delivering Cl.

NetApp Signs Strategic Collaboration Agreement with AWS to Enhance Cloud-Based Data Services

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that it has become the preferred data infrastructure provider of Aruba, a dominant contributor for web hosting, domain registration, and email account services in Europe. Together, the companies will leverage each other's specialties to better serve customers, offering new solutions labeled “Powered by NetApp.” As evidence of the elevated partnership, Fabrizio Garrone, Enterpr.

Aruba and NetApp Partner to Elevate IT Offerings

SUNNYVALE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP) will hold their 2024 INSIGHT™ customer conference in Las Vegas, Nevada on September 23 – 25, 2024. On Monday, September 23, 2024, NetApp will host a technology session for financial analysts from 9:30 a.m. – 1:00 p.m. Pacific Time and will include chief executive officer, George Kurian and several tech specialists discussing NetApp's differentiation in the areas of enterprise storage, AI, Cloud and Hybrid Cloud, and Kris Newton, vice pre.

NetApp Hosts Technology Sessions at 2024 Insight Conference in Las Vegas, Nevada

NTAP is gaining from solid demand across the all-flash and cloud storage portfolio, which is prompting a revenue outlook revision for the current fiscal year.

NetApp Stock Surges 34% Year to Date: Will the Rally Continue?

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Tech stocks like Adobe (ADBE), NetApp (NTAP), Fortive Corporation (FTV) and Arista Networks (ANET) are likely to gain from the Fed's rate cut.

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NVIDIA

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The Nasdaq 100 closed higher by around 1% during Thursday's session. Investors, meanwhile, focused on some notable insider trades.

Nvidia, NetApp And 2 Other Stocks Executives Are Selling

Anaplan chooses NTAP's unified data storage solution to modernize storage infrastructure for AI-powered operations.

NetApp's AFF C-Series Storage & Other Solutions Utilized by Anaplan

PORTLAND, Ore.--(BUSINESS WIRE)--Guardian, a leader in the Pacific Northwest for real estate development, management, and investment, is pleased to announce the hiring of Abbey Kent as Vice President of Senior Living. Guardian continues to expand their position in the senior housing sector and Kent will support the mission of providing the highest level of sophistication, experience, and value to residents. She will oversee existing independent living facilities, with a focus on expanding Guard.

Guardian Expands Its Focus on Senior Housing, Hires Abbey Kent as VP of Senior Living

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that Anaplan, provider of a market-leading platform for business planning and decision-making, has selected NetApp as its primary storage vendor. By adopting NetApp unified data storage to refresh the storage systems in four data centers around the globe, Anaplan is consolidating the storage of its public and private cloud deployments, vastly simplifying its data operations an.

Anaplan Selects NetApp to Unify Data Storage to Accelerate AI

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Three AI-Centric stocks to buy on the dip are: TSM, MU, NTAP.

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NetApp (NTAP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Investors Heavily Search NetApp, Inc. (NTAP): Here is What You Need to Know

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the original intelligent data infrastructure company, today announced Gus Shahin as the company's Executive Vice President of Business Technology and Operations. Reporting to CEO George Kurian, Shahin will lead critical business operations providing a solid foundation for accelerating growth and fostering cross-functional execution across four key company pillars - Information Technology, Operations, Global Security, and Enterprise Proc.

NetApp Appoints Gus Shahin to Enable Accelerated Growth as Executive Vice President of Business Technology and Operations

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This Bank of America Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

Data storage provider NetApp (NTAP) posted better-than-expected sales and profits for its fiscal first quarter, but its shares plunged nearly 10% on Thursday.

NetApp Beat Earnings Estimates. So Why Did the Nvidia Partner's Stock Plummet?

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SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp™ (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the Company will participate in firesides chat at the following conferences: Citi's Global TMT Conference Presenter: George Kurian, CEO Date: September 4, 2024 Time: 2:10 – 2:50 p.m. Eastern Time Goldman Sachs Communacopia & Technology Conference Presenter: Mike Berry, EVP, Finance and CFO Date: September 9, 2024 Time: 3:45 – 4:20 p.m. Pacific Time How to Participate Live.

NetApp to Participate in Upcoming Technology Conferences

NetApp, Inc. NTAP reported better-than-expected earnings for its first quarter on Wednesday.

NetApp Analysts Boost Their Forecasts After Upbeat Earnings

NetApp, Inc. NTAP has introduced new capabilities to bolster VMware Cloud Foundation deployments. These enhancements will allow mutual customers to optimize their IT environments for efficient scaling of VMware workloads.

News for NetApp Stock (NTAP)