For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is NetApp (NTAP) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.NetApp is a member of the Computer and Technology sector. This group includes 616 individual stocks and currently holds a Zacks Sector Rank of #8. The Zack ...

NetApp’s (NTAP) shares have been performing well on the trading front, with a gain of 33.7% year to date compared with the sub-industry and the S&P 500 composite’s growth of 33.4% and 18.1%, respectively. Strong financial performance is driving the stock’s trajectory. The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average surprise of 8.6%. Closing at $117.86 as of yesterday’s trading session, NTAP stock is currently trading 12.7% below its 52-week ...

The Nasdaq 100 closed higher by around 1% during Thursday's session. Investors, meanwhile, focused on some notable insider trades.When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.Below is a look at a few recent notable insider sales. For m ...

NetApp (NTAP) recently announced that Anaplan, a premier provider of business planning and decision-making platforms, is deploying NTAP’s unified data storage solution to strengthen the storage systems across its four global data centers. The initiative aims to consolidate Anaplan’s data storage across public and private clouds, streamlining its data operations and advancing innovation in artificial intelligence (AI) solutions.  Anaplan is widely recognized for its cloud-based AI-powered Software-as-a-Servi ...

Key TakeawaysNetApp's quarterly sales and profit topped estimates, but shares of the data infrastructure firm slumped on Thursday.Although NetApp generated strong sales growth in its all-flash array memory products, it said macroeconomic uncertainties were weighing on IT spending.The post-earnings drop for NetApp shares marked a reversal from a strong year-to-date performance. Data storage provider NetApp (NTAP) posted better-than-expected sales and profits for its fiscal first quarter, but its shares plung ...

NetApp, Inc. NTAP reported better-than-expected earnings for its first quarter on Wednesday.NetApp reported quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.45 per share. The company reported quarterly sales of $1.541 billion which beat the analyst consensus estimate of $1.526 billion.NetApp said it sees second-quarter adjusted earnings of $1.73 to $1.83 per share on net revenues of $1.565 billion to $1.715 billion.“We started fiscal year 2025 on a high note, delivering ...

NetApp, Inc. (NTAP) has introduced new capabilities to bolster VMware Cloud Foundation deployments. These enhancements will allow mutual customers to optimize their IT environments for efficient scaling of VMware workloads.These offerings are built on last month’s enhancements to NetApp BlueXP disaster recovery service, which now includes guided workflows for automating disaster recovery plans for VMware workloads in hybrid cloud environments, with new support for VMFS datastores.Customers of both NetApp an ...

NetApp, Inc. (NTAP) reported first-quarter fiscal 2025 non-GAAP earnings of $1.56 per share, which surpassed the Zacks Consensus Estimate by 6.9%. The company reported earnings of $1.15 per share in the prior year period. The bottom line surpassed the company’s guided range of $1.4–$1.5.Revenues of $1.54 billion increased 8% year over year. NTAP projected revenues in the range of $1.455–$1.605 billion. The upside resulted from strong sales across Hybrid Cloud and Public Cloud segments, notably a growth of a ...

NetApp, Inc. (NASDAQ:NTAP) Q1 2025 Earnings Conference Call August 28, 2024 5:30 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants Krish Sankar - TD Cowen Samik Chatterjee - JPMorgan Steven Fox - Fox Advisors Amit Daryanani - Evercore Mehdi Hosseini - SIG Ananda Baruah - Loop Capital Wamsi Mohan - Bank of America Operator Good day, and welcome to the NetApp First Quarter Fiscal Year 2025 Earnings Call. All participants will be in listen-only mo ...

For the quarter ended July 2024, NetApp (NTAP) reported revenue of $1.54 billion, up 7.6% over the same period last year. EPS came in at $1.56, compared to $1.15 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.53 billion, representing a surprise of +0.46%. The company delivered an EPS surprise of +6.85%, with the consensus EPS estimate being $1.46.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compa ...