Core Viewpoint - NetApp (NTAP) has shown strong performance recently, with a return of +11.7% over the past month, outperforming the S&P 500 composite and the Computer-Storage Devices industry [1] Earnings Estimate Revisions - For the current quarter, NetApp is expected to report earnings of $1.45 per share, reflecting a +26.1% increase year-over-year, although the Zacks Consensus Estimate has decreased by -0.4% in the last 30 days [3] - The consensus earnings estimate for the current fiscal year is $6.82, indicating a +5.6% change from the previous year, with a +0.6% adjustment over the last month [3] - For the next fiscal year, the consensus estimate is $7.28, showing a +6.7% increase from the prior year, with a +2.3% change in the last month [3] - NetApp holds a Zacks Rank of 3 (Hold), influenced by recent changes in earnings estimates and other related factors [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $1.53 billion, representing a +7.2% year-over-year increase [5] - For the current fiscal year, the revenue estimates are $6.54 billion and $6.78 billion, indicating changes of +4.4% and +3.7%, respectively [5] Last Reported Results and Surprise History - In the last reported quarter, NetApp achieved revenues of $1.67 billion, a +5.5% increase year-over-year, and an EPS of $1.80 compared to $1.54 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $1.66 billion by +0.43%, while the EPS met the consensus estimate [6] - Over the last four quarters, NetApp has surpassed consensus EPS estimates three times and has exceeded revenue estimates each time [6] Valuation - NetApp's valuation is assessed through multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), which help determine if the stock is fairly valued, overvalued, or undervalued [7] - The Zacks Value Style Score indicates that NetApp is graded D, suggesting it is trading at a premium compared to its peers [9]

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NetApp, Inc. (NASDAQ:NTAP) Q4 2024 Earnings Conference Call May 30, 2024 5:00 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants David Vogt - UBS Matt Sheerin - Stifel Meta Marshall - Morgan Stanley Samik Chatterjee - J.P. Morgan Mehdi Hosseini - SIG Steven Fox - Fox Advisors Simon Leopold - Raymond James Wamsi Mohan - Bank of America Nehal Chokshi - Northland Capital Markets Tim Long - Barclays Ananda Baruah - Loop Capital Eddie Pellon - TD Cow ...

NetApp (NTAP) reported $1.67 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 5.5%. EPS of $1.80 for the same period compares to $1.54 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.66 billion, representing a surprise of +0.43%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.80.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...

NetApp (NTAP) came out with quarterly earnings of $1.80 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.54 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this data storage company would post earnings of $1.69 per share when it actually produced earnings of $1.94, delivering a surprise of 14.79%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.NetApp, which belongs to ...

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 ...