NetApp (NTAP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
NetApp and Google Cloud's powerful new enhancements to Google Cloud NetApp Volumes accelerate innovation, boost performance and unlock the power of AI.
Amid a volatile macro backdrop, momentum in cloud computing, IoT, auto and AI is likely to favor the prospects of Zacks Computer - Storage Devices industry players like SMCI, NTAP, and QMCO.
NetApp (NTAP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
NetApp partners with NVIDIA to transform AI data infrastructure with the NVIDIA AI Data Platform.
Recently, Zacks.com users have been paying close attention to NetApp (NTAP). This makes it worthwhile to examine what the stock has in store.
Shares of NetApp have dropped sharply this year, accentuated by the company's growth slowdown and recent guidance cut. Management notes, however, that deals have been delayed rather than lost, with a number of challenging deals closing in the current quarter. While acknowledging sales slowdown risks, these risks are also priced in to NTAP's very appealing ~13x forward P/E ratio.
Recently, Zacks.com users have been paying close attention to NetApp (NTAP). This makes it worthwhile to examine what the stock has in store.
NTAP's fiscal third-quarter performance gains from momentum in all-flash, first-party and marketplace cloud storage services. It lowers its revenue outlook for fiscal 2025.
Tech companies remain top of mind this morning. NetApp (NTAP) slid more than 10% down after reporting weaker-than-expected earnings and guidance.
NetApp's top-line miss isn't indicative of softness in IT spending, analysts say.
NetApp, Inc. (NASDAQ:NTAP ) Q3 2025 Earnings Conference Call February 27, 2025 5:30 PM ET Company Participants Kris Newton - Vice President, Investor Relations George Kurian - Chief Executive Officer Mike Berry - Chief Financial Officer Conference Call Participants Aaron Rakers - Wells Fargo Meta Marshall - Morgan Stanley Mehdi Hosseini - SIG Irvin Liu - Evercore ISI David Vogt - UBS Jason Ader - William Blair Ruplu Bhattacharya - Bank of America Steven Fox - Fox Advisors Krish Sankar - TD Cowen Simon Leopold - Raymond James Lou Miscioscia - Daiwa Capital Markets Ananda Baruah - Loop Capital Asiya Merchant - Citi Samik Chatterjee - JPMorgan Ari Terjanian - Cleveland Research Param Singh - Oppenheimer Operator Good day, and welcome to the NetApp Third Quarter of Fiscal Year 2025 Earnings Call. All participants will be in listen-only mode.