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 ...

NetApp (NTAP) is slated to release second-quarter fiscal 2025 earnings on Nov. 21.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company expects non-GAAP earnings per share to be between $1.73 and $1.83 for the quarter. The Zacks Consensus Estimate is pegged at $1.79 per share, indicating an increase of 13.3% from the year-ago level.Net revenues are anticipated in the range of $1.565-$1.715 billion. The Zacks Consensus Estimate is pegged at $1.64 billion, implying a 5.3% increa ...

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 ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...

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 ...

NetApp, Inc.'s (NTAP) innovations in ransomware protection have augmented its cyber resiliency portfolio, highlighting its commitment to offering the best-in-class secure storage solutions in the market.  The company recently launched NetApp ONTAP Autonomous Ransomware Protection with artificial intelligence (ARP/AI) solution, which boasts an impressive 99% accuracy in identifying ransomware threats. NetApp has also rolled out updates to its BlueXP ransomware protection service, strengthening its commitment ...

Wall Street enjoyed a strong rally in the first nine months of 2024, with the three major indices reaching a series of record highs. However, negative sentiments have been building up at the start of the final quarter, given the escalation in Middle East tensions and the upcoming presidential election. In such a scenario, dividend investing seems the best choice as it offers consistent and safe income.Though the strategy does not offer dramatic price appreciation, it is a major source of consistent income f ...

Partnership Expansion with Google Cloud - NetApp has expanded its partnership with Google Cloud by integrating unified data storage and intelligent services into the Google Distributed Cloud architecture [1] - This integration allows customers to enhance their cloud infrastructure by extending services to on-premises data centers and network edges, enabling greater control over IT environments [1] - The collaboration leverages NetApp's intelligent data infrastructure, including ONTAP and StorageGRID solutions, to scale workloads and harness AI while ensuring security and regulatory compliance [1] - Google Distributed Cloud will utilize these capabilities to enhance services such as databases, AI, and analytics [1] Benefits for Customers - The partnership simplifies processes and boosts agility, enabling quicker adaptation to emerging trends and changes in operating conditions [2] - It streamlines reliance on multiple solutions across cloud, data center, and edge environments while maintaining strong compliance and security [2] - Organizations in the public sector and regulated industries can leverage AI-ready infrastructure with robust security and compliance with regulatory standards [2] Industry Impact and Challenges - Organizations in highly regulated sectors like government, manufacturing, telecom, and retail aim to leverage AI for innovation but face challenges from emerging regulations on data sovereignty and consumer privacy [3] - NetApp's collaboration with Google Cloud provides foundational data storage for Google Distributed Cloud offerings, enabling secure innovation and compliance while supporting application development [3] NetApp's Strategic Collaborations and AI Momentum - NetApp is driving efficiency and fostering innovation through strategic collaborations, including advancements in generative AI with NVIDIA and deepened collaboration with Amazon Web Services [4] - These partnerships aim to boost enterprise retrieval augmented generation (RAG) and improve customer experiences through accelerated generative AI initiatives and CloudOps solutions [4] Financial Performance and Outlook - NetApp's performance is driven by increasing demand for its solutions amid rapid AI proliferation, with over 50 AI and data lake modernization deals won in the fiscal first quarter [5] - The company has revised its fiscal 2025 revenue outlook to $6.48–$6.68 billion, reflecting a 5% year-over-year increase at the mid-point [5] - Expanded partnerships to boost AI innovation are expected to generate incremental revenues and propel the stock upward [5] Stock Performance and Rankings - NetApp currently holds a Zacks Rank 1 (Strong Buy) [6] - The company's shares have gained 66.9% in the past year, outperforming the sub-industry's growth of 12.7% [6] Other Top-Ranked Technology Stocks - Seagate Technology Holdings plc (STX) and OptimizeRx Corporation (OPRX) both hold a Zacks Rank 1, while American Software, Inc. (AMSWA) holds a Zacks Rank 2 (Buy) [7] - Seagate Technology delivered an average earnings surprise of 80.9% in three of the trailing four quarters, with a 40% surprise in the last reported quarter [7] - OptimizeRx delivered an average earnings surprise of 159.5% in three of the trailing four quarters, with a 128.6% surprise in the last reported quarter [7] - American Software delivered an average earnings surprise of 84.5% in the trailing four quarters, with a 71.4% surprise in the last reported quarter [8]