NetApp's (NTAP) fiscal fourth-quarter performance benefits from solid demand across the all-flash and cloud storage portfolio.
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 Cowen Asiya Merchant - Citigroup Operator Good day, and welcome to the NetApp Fourth Quarter Fiscal Year 2024 Earnings Call.
The headline numbers for NetApp (NTAP) give insight into how the company performed in the quarter ended April 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 $1.80 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.54 per share a year ago.
NetApp topped fourth-quarter revenue estimates on Thursday on strong demand for its cloud-based data management services, while the company also approved a new share buyback plan worth an additional $1 billion.
NetApp's (NTAP) fiscal fourth-quarter performance is likely to have gained from momentum in all-flash products and hyperscaler first-party and marketplace services amid soft macroeconomic conditions.
NetApp (NTAP) closed at $115.65 in the latest trading session, marking a +1.41% move from the prior day.
Get a deeper insight into the potential performance of NetApp (NTAP) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
NetApp (NTAP) closed the most recent trading day at $112.28, moving +1.64% from the previous trading session.
Does NetApp (NTAP) have what it takes to be a top stock pick for momentum investors? Let's find out.
NetApp (NTAP) expects strength in all-flash products, and hyper-scaler first-party and marketplace services to boost revenue performance amid weak macroeconomic conditions.