NetApp, Inc. NTAP reported better-than-expected second-quarter results on Thursday.
Fintech names NetApp Inc (NASDAQ:NTAP) and Intuit Inc (NASDAQ:INTU) are gapping lower after their respective quarterly earnings reports.
NTAP's fiscal second-quarter performance gains from momentum in all-flash, first-party and marketplace cloud storage services. NTAP raises the revenue outlook for fiscal 2025.
The data-storage company posts a strong quarter and raises financial guidance.
NetApp, Inc. (NASDAQ:NTAP ) Q2 2025 Earnings Conference Call November 21, 2024 5:30 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants Asiya Merchant - Citigroup Amit Daryanani - Evercore Tim Long - Barclays Jason Ader - William Blair Simon Leopold - Raymond James Joe Cardoso - JPMorgan Param Singh - Oppenheimer Ruplu Bhattacharya - Bank of America Elizabeth Porter - Morgan Stanley David Vogt - UBS Steven Fox - Fox Advisors Aaron Rakers - Wells Fargo Louis Miscioscia - Diawa Ananda Baruah - Loop Capital Krish Sankar - TD Cowen Nehal Chokshi - Northland Capital Markets Ari Terjanian - Cleveland Research Company Operator Good day, and welcome to the NetApp Second Quarter of Fiscal Year 2025 Earnings Call. All participants will be in a listen-only mode.
The headline numbers for NetApp (NTAP) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
NetApp (NTAP) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $1.79 per share. This compares to earnings of $1.58 per share a year ago.
NetApp stock gained after data storage firm's fiscal second quarter results beat estimates for earnings and sales. The post NetApp Stock Jumps On Earnings Beat For Enterprise Data Storage Firm appeared first on Investor's Business Daily.
NetApp raised its profit and revenue forecast for fiscal 2025 on Thursday, banking on strong demand for data storage services as clients upgrade their cloud infrastructure, sending the company's shares up around 4% in extended trading.
NetApp's Q1 2025 earnings were underwhelming, but the company is evolving from traditional storage to "intelligent data infrastructure," integrating with major cloud providers. The AFF A-series and AI investments are strengthening NetApp's market position, though full transformation will take time. Valuation shows NTAP is mildly overvalued; profitability is solid, but revenue growth lags behind sector peers, raising concerns.
Besides Wall Street's top -and-bottom-line estimates for NetApp (NTAP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended October 2024.
Investors need to pay close attention to NetApp (NTAP) stock based on the movements in the options market lately.