Core Insights - Analysts expect NetApp (NTAP) to report quarterly earnings of $1.46 per share, reflecting a year-over-year increase of 27% [1] - Revenue is projected to be $1.53 billion, which is a 7.1% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] Revenue Estimates - 'Revenue- Product' is expected to reach $672.40 million, indicating a year-over-year change of +14% [2] - 'Net Service revenue' is estimated at $861.81 million, reflecting a +2.4% change year-over-year [2] - 'Net Revenue- Public Cloud' is projected to be $157.06 million, showing a +2% increase from the previous year [2] Additional Revenue Metrics - 'Revenue- Professional and Other Services' is forecasted at $81.54 million, suggesting a +5.9% year-over-year change [3] - 'Revenue- Support' is expected to be $623.33 million, indicating a +2% change from the prior year [3] - 'Net Revenue- Hybrid Cloud' is projected to reach $1.38 billion, reflecting a +7.8% increase year-over-year [3] Margin Estimates - 'Gross margin - Product - Non GAAP' is expected to be 60.2%, up from 55.3% in the previous year [3] - 'Services gross margin - Non-GAAP' is estimated at 81.2%, slightly down from 81.5% year-over-year [3] Geographic Mix - 'Geographic Mix- Asia-Pacific' is projected to be 15.3%, down from 16% in the same quarter last year [3] - 'Americas - Reported' is expected to be 51.0%, compared to 53% in the same quarter of the previous year [4] - 'Geographic Mix- EMEA' is estimated at 33.7%, up from 31% in the same quarter last year [4] Billings and Market Performance - Estimated 'Billings' are projected at $1.34 billion, compared to $1.30 billion in the same quarter last year [4] - Over the past month, NetApp shares have returned +4.8%, outperforming the Zacks S&P 500 composite's +0.3% change [4]

The most recent trading session ended with NetApp (NTAP) standing at $131.70, reflecting a +0.92% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 1.39%.The data storage company's stock has climbed by 3.39% in the past month, exceeding the Computer and Technology sector's loss of 5.36% and the S&P 500's loss of 1.85%.Market participants will be closely following the financial results of NetA ...

Core Viewpoint - NetApp's shares have increased by 51.1% year to date, outperforming the sub-industry and S&P 500 growth rates of 47.1% and 16.6% respectively [1] Company Overview - NetApp specializes in enterprise storage, data management software, and hardware products, helping businesses manage cloud environments and adopt technologies like AI and Kubernetes [1] - The company has a Zacks Rank of 2 (Buy) and a Growth Score of B, indicating solid investment potential [1] Financial Performance - The stock is currently down 13.9% from its 52-week high of $135.01, suggesting potential for upside [2] - NetApp's earnings have exceeded the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 8.8% [2] Growth Drivers - Strong demand for all-flash and cloud storage is driving revenue growth, with digital transformations in AI and data security acting as key growth factors [3] - The new AFF A-series products are expected to capture more market share in the all-flash segment [3] - The All-Flash Array Business reported an annualized net revenue run rate of $3.6 billion, up 17% year over year, with total billings increasing by 8% to $1.8 billion [3] Strategic Initiatives - Frequent product launches and enhanced go-to-market strategies are contributing to revenue growth [4] - The company is focusing on ransomware protection solutions and partnerships with hyper-scalers to meet the rising demand for generative AI [4] Revenue Projections - For fiscal 2025, NetApp expects revenues between $6.45 billion and $6.65 billion, up from $6.27 billion the previous year [5] - Public Cloud Services recorded revenues of $152 million in Q4 fiscal 2024, reflecting a 1% year-over-year increase [5] Capital Allocation - As of April 26, 2024, NetApp had $3.252 billion in cash and cash equivalents, with long-term debt of $1.992 billion [6] - The company generated $613 million in net cash from operations in Q4, compared to $235 million in the prior year, with free cash flow of $567 million [6] - NetApp returned $204 million in dividends and $1.32 billion in share repurchases in the fiscal fourth quarter, along with a 4% increase in its quarterly dividend [6] Earnings Estimates - The Zacks Consensus Estimate for fiscal 2025 and 2026 revenues is $6.55 billion and $6.81 billion, indicating year-over-year growth of 4.4% and 4.1% respectively [7] - Earnings per share estimates for fiscal 2025 and 2026 are projected to rise by 6.2% and 7.1% to $6.86 and $7.34 respectively [7] Challenges - The company faces headwinds from an unfavorable macroeconomic environment and rising NAND prices [8] - Competition from Pure Storage in the all-flash and cloud storage markets poses additional challenges [8]

NetApp (NTAP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this data storage company have returned -5.6% over the past month versus the Zacks S&P 500 composite's -0.4% change. The Zacks Computer- Storage Devices industry, to which NetApp belongs, has lost 13.8% over this period. Now the key question is: Where could the stock be headed in the near term?Although media report ...

NetApp (NTAP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earning ...

NetApp (NTAP) closed at $124.99 in the latest trading session, marking a -0.92% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq added 0.07%.Coming into today, shares of the data storage company had lost 2.06% in the past month. In that same time, the Computer and Technology sector lost 4.62%, while the S&P 500 lost 0.21%.The investment community will be closely monitoring the performance of ...

NetApp (NTAP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this data storage company have returned -1%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Computer- Storage Devices industry, which NetApp falls in, has lost 6.8%. The key question now is: What could be the stock's future direction?Although media ...

In the latest market close, NetApp (NTAP) reached $131.59, with a +0.93% movement compared to the previous day. This change outpaced the S&P 500's 0.64% gain on the day. Meanwhile, the Dow experienced a rise of 1.85%, and the technology-dominated Nasdaq saw an increase of 0.2%.Shares of the data storage company have appreciated by 3.44% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.06% and lagging the S&P 500's gain of 3.82%.Market participants will be close ...

Delivers highly-dynamic and flexible consumption model for enterprise storage complemented by first-call support and customer success resourcesHERNDON, Va., July 12, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced the expansion of its Storage-as-a-Service (STaaS) portfolio by launching ePlus STaaS with NetApp Keystone. As an enhancement to NetApp Keystone Partner program, the ePlus offering combines flexible subscription models for storage consumption via NetApp Keystone with ePlus ...

NetApp, Inc. (NTAP) recently added innovative capabilities to its intelligent data portfolio, tailored for workloads such as GenAI and VMware platforms. The latest advancements are designed to streamline and optimize these workloads across critical hybrid multi-cloud architectures.The state-of-the-art capabilities are likely to expedite the deployment of intelligent data infrastructure for businesses navigating the GenAI and VMware landscapes.NetApp's BlueXP Workload Factory for AWS simplifies cloud managem ...