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.
NTAP's fiscal Q1 performance is driven by steady momentum across the all-flash and cloud storage portfolio. It hikes the outlook for fiscal 2025.
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 mode.
While the top- and bottom-line numbers for NetApp (NTAP) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
NetApp (NTAP) came out with quarterly earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.15 per share a year ago.
NetApp raised its annual revenue and profit forecasts on Wednesday, anticipating steady demand for its cloud-based data management services, and said Chief Financial Officer Mike Berry will retire next year.
NetApp, Inc. NTAP will release earnings results for its first quarter, after the closing bell on Wednesday, Aug. 28.
NetApp's (NTAP) Q1 performance is likely to have gained from momentum in all-flash products and hyperscaler first-party and marketplace services.
As the stock market rebounds into the end of August, reports from Nvidia, Land's End and NetApp provide fuel for an active week.
Get a deeper insight into the potential performance of NetApp (NTAP) for the quarter ended July 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Recently, Zacks.com users have been paying close attention to NetApp (NTAP). This makes it worthwhile to examine what the stock has in store.
The latest trading day saw NetApp (NTAP) settling at $131.70, representing a +0.92% change from its previous close.