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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Margins

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

Sales and marketing

Research and development

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Restructuring charges

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Gain on sale or derecognition of assets

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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OpEx Y/Y

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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 Q4 2021

Earnings data Q1 2022

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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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Free cash flow

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.

NetApp (NTAP) expects momentum in all-flash products, and hyper-scaler first-party and marketplace services to drive the top line amid uncertainty prevailing over macroeconomic conditions.

NetApp (NTAP) Up 51% in a Year: Will the Rally Continue?

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NetApp (NTAP), Caterpillar (CAT), Dick's Sporting Goods (DKS), KB Home (KBH) and Applied Materials (AMAT) could be solid choices for your portfolio amid volatility.

5 Top Dividend Growth Stocks to Counter Volatility

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced an expansion of its partnership with Google Cloud to make it easier for organizations to leverage their data for generative AI (GenAI) and other hybrid cloud workloads. NetApp and Google Cloud are announcing the Flex service level for Google Cloud NetApp Volumes which supports storage volumes of nearly any size. NetApp is also releasing a preview of its GenAI toolkit reference.

NetApp Partners with Google Cloud to Maximize Flexibility for Cloud Data Storage

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, announced it has received the 2024 Google Cloud Technology Partner of the Year Award in the Infrastructure - Storage category for Google Cloud NetApp Volumes. For the second year in a row, NetApp is recognized for its achievements in the Google Cloud ecosystem, helping joint customers deploy solutions that enable them to easily migrate, deploy, and manage data and workloads in Google Cloud wi.

NetApp Wins Google Cloud Technology Partner of the Year Award for Infrastructure - Storage

Miller Industries

Trane Technologies plc

The first quarter of 2024 is in the books, and it was a good one. The benchmark S&P 500 index rose 11% to start the year, its best start since 2019 — before anyone had heard of Covid-19.

Under the Radar: 3 Little-Known Stocks That Are Beating the Market in 2024

Does NetApp (NTAP) have what it takes to be a top stock pick for momentum investors? Let's find out.

NetApp (NTAP) Is Up 2.33% in One Week: What You Should Know

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That was Federal Reserve Gov. Chris Waller pounding the table over the need for patience on interest rate cuts in a much-anticipated speech on Wednesday night.

It's time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.

Cardinal Health

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NetApp (NTAP), Installed Building (IBP), Ralph Lauren (RL), Applied Materials (AMAT), and Cardinal Health (CAH) could outperform the market this year.

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NetApp (NTAP) collaborates with NVIDIA to allow customers to "talk to their data" and obtain proprietary business insights.

NetApp (NTAP) & NVIDIA to Advance RAG for AI Applications

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP) today announced it is collaborating with NVIDIA to advance retrieval-augmented generation (RAG) for generative AI applications. The new collaboration directly connects the just-announced NVIDIA NeMo Retriever microservices—coming to the NVIDIA AI Enterprise software platform for development and deployment of production-grade AI applications, including generative AI—to exabytes of data on NetApp's intelligent data infrastructure. Every Ne.

NetApp Empowers Customers to Securely “Talk to Their Data” in Collaboration with NVIDIA

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today announced Alessandra Yockelson has joined the company as Chief Human Resources Officer, reporting to CEO, George Kurian. Alessandra will lead all aspects of people and organizational strategy, including talent development and growth, performance management, team engagement, recruiting, DEIB, and compensation and benefits. Alessandra joins NetApp from Pure Storage, where she served as Chi.

NetApp Appoints Technology Industry Titan Alessandra Yockelson as Chief Human Resources Officer

NetApp (NTAP) expects momentum in all-flash products, and hyper-scaler first-party and marketplace services to drive revenues amid soft macroeconomic conditions.

NetApp (NTAP) Up 65% in the Past Year: Will the Rally Last?

NetApp Inc. NASDAQ: NTAP is a data management company that enables companies to store, share and manage data on-premises and on the cloud. The Computer and Technology sector company specializes in hybrid cloud data storage, operating in 2 segments, including Public Cloud and Hybrid Cloud.

NetApp is Still a Value Play in the Data Management Segment

Are You Looking for a Top Momentum Pick? Why NetApp (NTAP) is a Great Choice

NetApp (NTAP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About NetApp (NTAP) Rating Upgrade to Strong Buy

Iron Mountain

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Cardinal Health (CAH), Toll Brothers (TOL), Iron Mountain (IRM), NetApp (NTAP) and Ralph Lauren (RL) have strong dividend growth prospects.

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Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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

I believe NetApp's better-than-expected results and outlook signal a positive trend in billings, revenue, and all-flash array revenue that'll extend into FY25. The company's position in the data management and AI market, as well as its expanded flash portfolio, make it well-positioned for top-line growth.

NetApp: AI Could Support More Upside - Initiating With A Buy

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced cyber-resiliency capabilities that will equip customers to better protect and recover their data in the face of ransomware threats. NetApp is one of the first to integrate artificial intelligence (AI) and machine learning (ML) directly into enterprise primary storage to fight ransomware in real-time. The NetApp cyber-resiliency capabilities protect both primary and secondary d.

NetApp Fights Ransomware in Real-Time with Built-In Artificial Intelligence on Enterprise Storage and Enhanced Cyber-Resiliency Solutions

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced new capabilities that maximize the potential of generative artificial intelligence (Gen AI) projects and build competitive advantage for users. Customers can now take their AI projects to the next level by combining NetApp's intelligent data infrastructure with high-performance compute, networking and software from NVIDIA. Gen AI has captured global attention for its potential.

NetApp Turbocharges AI Innovation with Intelligent Data Infrastructure

NetApp's (NTAP) fiscal third-quarter performance benefits from solid demand across the latest all-flash products.

NetApp (NTAP) Q3 Earnings & Revenues Top Estimates, Rise Y/Y

NTAP stock poised for breakout, analysts raise price targets on shares after data storage company NetApp clears Q3 forecasts, lifts guidance.

NetApp Rockets To Break Out On Earnings Beat, Hiked Guidance

NetApp (NTAP) shares gained more than 17% in premarket trading Friday after the cloud storage provider breezed past Wall Street's quarterly expectations and raised its full-year outlook amid growing demand for its cloud-based data management solutions as customers streamline their IT operations.

NetApp Stock Jumps After Solid Quarterly Earnings and Raised FY Outlook—Key Level to Watch

While the top- and bottom-line numbers for NetApp (NTAP) give a sense of how the business performed in the quarter ended January 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

NetApp (NTAP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

NetApp, Inc. (NASDAQ:NTAP) Q3 2024 Earnings Conference Call February 29, 2024 5:00 PM ET

News for NetApp Stock (NTAP)