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.