Exhibit 99.1 NetApp Reports Fourth Quarter and Fiscal Year 2024 Results Net revenues of $1.67 billion for the fourth quarter; Net revenues of $6.27 billion for fiscal year 2024 SAN JOSE, Calif.—May 30, 2024—NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today reported financial results for the fourth quarter and fiscal year 2024, which ended on April 26, 2024. "We concluded fiscal year 2024 on a high note, delivering company records for annual gross margin, operating margin, EPS, operat ...

NetApp Inc (NTAP) is slated to release fourth-quarter fiscal 2024 earnings on May 30.The company projects non-GAAP earnings per share (EPS) to be between $1.73 and $1.83 for the quarter. The Zacks Consensus Estimate is pegged at $1.80, suggesting an increase of 16.9% from the year-ago.Net revenues are anticipated in the range of $1.585-$1.735 billion. The Zacks Consensus Estimate is pegged at $1.66 billion, implying a 5.1% increase from the prior-year.NTAP beat estimates in each of the last four quarters, d ...

NetApp (NTAP) ended the recent trading session at $115.65, demonstrating a +1.41% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.01%, while the tech-heavy Nasdaq added 1.1%.Coming into today, shares of the data storage company had gained 12.98% in the past month. In that same time, the Computer and Technology sector gained 8.26%, while the S&P 500 gained 4.03%.Market participants will be closely following the financial results o ...

In its upcoming report, NetApp (NTAP) is predicted by Wall Street analysts to post quarterly earnings of $1.80 per share, reflecting an increase of 16.9% compared to the same period last year. Revenues are forecasted to be $1.66 billion, representing a year-over-year increase of 5.1%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahea ...

NetApp (NTAP) closed the latest trading day at $112.28, indicating a +1.64% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.09%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq gained 0.65%.The data storage company's stock has climbed by 12.78% in the past month, exceeding the Computer and Technology sector's gain of 7.36% and the S&P 500's gain of 5.78%.The upcoming earnings release of NetApp will be of great interest to investors. The company's earn ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

NetApp (NTAP) is continuing its upward trajectory, with a gain 69.2% in the past year compared with the S&P 500 Composite’s 27.7% growth.With healthy fundamentals and strong growth opportunities, this Zacks Rank #2 (Buy) stock appears to be a solid investment option at the moment.Apart from a favorable rank, NTAP has a VGM Score of B. Per Zacks’ proprietary methodology, stocks with a combination of a Zacks Rank #1 (Strong Buy) or 2 and a VGM Score of A or B offer solid investment opportunities.Image Source: ...

Core Insights - NetApp has launched its latest AFF A-Series systems aimed at addressing demanding IT workloads such as GenAI, VMware, and enterprise databases, enhancing its portfolio for efficient data management [1][2] - The new systems are designed to eliminate storage silos and complexity, providing intelligent and secure storage solutions to optimize various workloads, particularly in the context of the growing generative AI market [2][3] - The company anticipates that cloud storage consumption will benefit from trends in AI, machine learning, IoT, and high-performance computing, alongside the migration of enterprise applications [3] Product Features - The AFF A-Series systems include integrated features to optimize VMware storage costs and ensure future flexibility, catering to modern workload demands [2] - New capabilities such as the StorageGRID model enhance the value of unstructured data while reducing total cost of ownership and power consumption [3] - Additional features include a cyber vault reference architecture for data protection against cyber threats, SnapMirror Active Sync, FlexCache with Writeback, and collaboration with Lenovo for AI infrastructure [3] Market Context - The generative AI market was valued at $29 billion in 2022 and is projected to grow at a CAGR of 47.5% from 2023 to 2030, driven by increased adoption of VR, AR, and machine learning [2] - NetApp's advanced portfolio of ransomware protection solutions is expected to gain traction amid rising cybersecurity risks [3] Company Performance - NetApp currently holds a Zacks Rank 2 (Buy), with its stock gaining 72.4% over the past year, compared to a subindustry growth of 146% [4]

Just_Super/iStock via Getty Images Investment Thesis NetApp (NASDAQ:NTAP) stock has gained about 67.03% over the last year, outpacing the S&P 500 by a margin of about 40.8%. Seeking Alpha While this solid performance could be attractive to investors, I believe we ought to be rational enough before making any investment based on this past performance alone. In the wake of the evolving IT industry, I believe investors should invest in companies that not only lead in innovation but also offer sustainable g ...

NetApp (NTAP) ended the recent trading session at $108.15, demonstrating a -0.32% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.21%, and the technology-dominated Nasdaq saw an increase of 0.29%.Coming into today, shares of the data storage company had gained 6.57% in the past month. In that same time, the Computer and Technology sector gained 1.39%, while the S&P 500 gained 1.29%.Market particip ...