NetApp (NTAP) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $1.79 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.47%. A quarter ago, it was expected that this data storage company would post earnings of $1.46 per share when it actually produced earnings of $1.56, delivering a surprise of 6.85%.Over the last four quarters, the compan ...

Exhibit 99.1 NetApp Reports Second Quarter of Fiscal Year 2025 Results Net revenues of $1.66 billion for the second quarter; 6% year-over-year increase • Record all-flash array annualized net revenue run rate 1 of $3.8 billion, an increase of 19% year-over-year • First party and marketplace cloud storage services revenue grew approximately 43% year-over-year • Second quarter GAAP operating margin of 21%; record second quarter non-GAAP operating margin 2 of 29% • Second quarter GAAP net income per share 3 of ...

In its upcoming report, NetApp (NTAP) is predicted by Wall Street analysts to post quarterly earnings of $1.79 per share, reflecting an increase of 13.3% compared to the same period last year. Revenues are forecasted to be $1.64 billion, representing a year-over-year increase of 5.3%.The current level reflects a downward revision of 0.2% 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 proje ...

Investors in NetApp, Inc. (NTAP) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $30.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...

Core Viewpoint - NetApp (NTAP) is expected to report its second-quarter fiscal 2025 earnings on November 21, with anticipated non-GAAP earnings per share between $1.73 and $1.83, reflecting a 13.3% increase year-over-year [1][2]. Financial Expectations - The Zacks Consensus Estimate for NTAP's earnings is $1.79 per share, while net revenues are projected to be between $1.565 billion and $1.715 billion, with a consensus estimate of $1.64 billion, indicating a 5.3% increase from the previous year [2]. - NTAP has outperformed estimates in three of the last four quarters, achieving an average earnings surprise of 8.6% [3]. Market Performance - NTAP's stock has increased by 50.3% over the past year, significantly outperforming the industry growth of 12.1% [3]. Product Demand and Growth Drivers - Continued demand for NTAP's modern all-flash arrays, particularly the C-series and ASA products, is expected to positively impact earnings. The new all-flash A-series is also anticipated to contribute to growth [3][4]. - Keystone's storage-as-a-service offering has seen over 60% year-over-year revenue growth in the last reported quarter [4]. Revenue Projections - The estimated revenue for Hybrid Cloud in the second quarter is $1.4835 billion, representing a 5.4% increase from the previous year [4]. - Public Cloud revenues are projected to be $159 million, up 3.3% from the prior year, although there are concerns regarding a decline in subscription services revenue [6]. Strategic Initiatives - NTAP is benefiting from data-driven digital and cloud transformations, including business analytics, AI, data security, and application modernization, having secured over 50 AI and data lake modernization deals in the first quarter [5]. - Strengthening go-to-market activities and cloud collaborations are seen as positive factors for the company [7]. Margin and Economic Conditions - Margin performance is expected to improve due to a favorable product mix and operational discipline, despite challenges from global macroeconomic conditions and cautious IT spending [8].

The market expects NetApp (NTAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 21, 2024, might help the stock move higher if these key numbers are b ...

NetApp, Inc. (NTAP) recently announced an enhanced partnership with Red Hat, a premium provider of open-source solutions, to transform enterprise application development and management within virtual environments. By combining NTAP’s expertise in intelligent data infrastructure with the Red Hat OpenShift platform, the initiative empowers businesses to effortlessly manage on-premises and hybrid multi-cloud environments.Businesses today face mounting pressure to innovate quickly and develop applications that ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

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The Zacks Computer-Storage Devices industry players are likely to gain from solid momentum in cloud computing, Internet of Things (IoT), auto, connected devices, virtual reality and Artificial Intelligence (AI) in the long run. These factors propel the demand for robust data storage solutions, bolstering computer storage product requirements. These factors are favorable for prominent industry players like Super Micro Computer, Inc. (SMCI) , NetApp (NTAP) and Pure Storage (PSTG) . The democratization of high ...