Key TakeawaysNetApp shares jumped more than 17% in premarket trading Friday after the cloud storage company announced quarterly earnings that topped estimates and raised its full-year fiscal 2024 outlook.The company said it expects to see continued strength in its all-flash products and marketplace services.Earnings-driven buying in NetApp shares may see a measured move on the chart to around $110. NetApp (NTAP) shares gained more than 17% in premarket trading Friday after the cloud storage provider breezed ...

For the quarter ended January 2024, NetApp (NTAP) reported revenue of $1.61 billion, up 5.2% over the same period last year. EPS came in at $1.94, compared to $1.37 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.59 billion, representing a surprise of +0.85%. The company delivered an EPS surprise of +14.79%, with the consensus EPS estimate being $1.69.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

NetApp, Inc. (NASDAQ:NTAP) Q3 2024 Earnings Conference Call February 29, 2024 5:00 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants Meta Marshall - Morgan Stanley Eddie Pellon - TD Cowen Joe Cardoso - JPMorgan Mehdi Hosseini - SIG Mike Cadiz - Citigroup Nehal Chokshi - Northland Capital Markets Ananda Baruah - Loop Capital Irvin Liu - Evercore ISI Operator Good day, and welcome to the NetApp Third Quarter of Fiscal Year 2024 Earnings Call. All ...

NetApp (NTAP) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.79%. A quarter ago, it was expected that this data storage company would post earnings of $1.40 per share when it actually produced earnings of $1.58, delivering a surprise of 12.86%.Over the last four quarters, the comp ...

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp™ (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the Company will participate in a fireside chat at the following conference: Morgan Stanley TMT Conference Mike Berry, EVP, Finance and CFO March 5, 2024 Presentation: 2:50 – 3:30 p.m. Pacific Time How to Participate A live audio Webcast of the presentation will be available at investors.netapp.com. Audio Webcast archives of each event will be available after the conferences. About Net ...

Exhibit 99.1 NetApp reports third quarter of fiscal year 2024 results Net revenues of $1.61 billion for the third quarter; 5% growth year-over-year • Record All-flash array annualized revenue run rate1 of $3.4 billion, an increase of 21% year-over-year • Record Q3 GAAP consolidated gross margins of 72%; record non-GAAP consolidated gross margins2 of 73% • Q3 GAAP operating margins of 23%; record non-GAAP operating margins2 of 30% • Q3 GAAP net income per share3 of $1.48; record non-GAAP net income per share ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 26, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-27130 NetApp, Inc. (Exact name of registrant as specified in its charter) Delaware 77-0307520 (State or other jurisdiction of ...

NetApp (NTAP) is slated to release third-quarter fiscal 2024 earnings on Feb 29.The company projects fiscal third-quarter non-GAAP earnings per share (EPS) to be between $1.64 and $1.74. The Zacks Consensus Estimate is pegged at $1.69, suggesting an increase of 23.4% from the year-ago levels.Net revenues are anticipated in the range of $1.51-$1.67 billion. The Zacks Consensus Estimate is pegged at $1.59 billion, implying a 4.4% increase from the prior-year levels.NTAP beat estimates in each of the last four ...

In its upcoming report, NetApp (NTAP) is predicted by Wall Street analysts to post quarterly earnings of $1.69 per share, reflecting an increase of 23.4% compared to the same period last year. Revenues are forecasted to be $1.59 billion, representing a year-over-year increase of 4.4%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this ...

Exterior view of NetApp headquarters with company logo, located on Santana Row, San Jose, ... [+] California, August 10, 2023. (Photo by Smith Collection/Gado/Getty Images)Gado via Getty ImagesNetApp NTAP a company that provides on-premises data storage systems and public cloud services, is poised to report its Q3 FY’24 results toward the end of February. We expect the company’s revenues for the quarter to come in at about $1.6 billion, slightly ahead of estimates, and about 4% ahead of the last year. We es ...