NetApp, Inc - NTAP STOCK NEWS

NetApp (NTAP) has released a comprehensive cybersecurity report revealing critical insights about cyber resilience. The study, conducted by The Futurum Group, surveyed over 1,300 cybersecurity leaders globally. Key findings show that 54% of organizations faced cyberattacks in the past 12-18 months, with 20% unable to recover lost data.

The research highlighted several challenges: 70% of organizations use more than 40 cybersecurity tools, with 84% citing operational complexity as a major obstacle. Cloud misconfigurations have become a top threat, surpassing traditional ransomware attacks. Additionally, 40% of organizations are using AI for threat detection, and over 90% plan to increase cybersecurity spending in the next 12-18 months.

NetApp (NASDAQ: NTAP) has announced a new integrated solution enabling AWS Outposts customers to use NetApp on-premises enterprise storage arrays through the AWS Management Console. The integration simplifies hybrid cloud deployments by combining NetApp's unified data storage with AWS Outposts infrastructure. Key benefits include simplified user experience through automated volume attachments, resilient infrastructure utilizing NetApp's SnapMirror and Snapshot capabilities, and seamless hybrid cloud experience. Additionally, Spot by NetApp is introducing new features for Spot Ocean, its Kubernetes infrastructure optimization solution, including fast-response auto-scaling and improved cost optimization tools.

NetApp (NASDAQ: NTAP) has announced its participation in several upcoming technology conferences in December 2024. The schedule includes CEO George Kurian at the UBS TMT Conference, VP of Investor Relations Kris Newton at the Wells Fargo TMT Summit, CFO Mike Berry at the NASDAQ London Conference, and VP of Product Marketing Jeff Baxter at the Barclays TMT Conference.

Each executive will participate in fireside chats, with presentations ranging from 30-35 minutes. Live audio webcasts will be available at investors.netapp.com following the conferences.

NetApp (NTAP) reported strong Q2 FY2025 results with net revenues of $1.66 billion, up 6% year-over-year. The company achieved record all-flash array annualized revenue of $3.8 billion, a 19% increase YoY, while cloud storage services grew 43%. GAAP operating margin reached 21% with non-GAAP at 29%. GAAP EPS was $1.42, and non-GAAP EPS hit $1.87. The company returned $406 million to stockholders through dividends and share repurchases. For Q3 FY2025, NetApp expects revenues between $1.61-1.76 billion and non-GAAP EPS of $1.85-1.95.

NetApp announced significant updates to its enterprise storage portfolio, introducing new AFF A-Series and AFF C-Series systems for mid-range, all-flash storage. The new AFF A20, A30, and A50 models deliver up to 2.5X better performance with sub-millisecond latency, integrated ransomware protection, and improved storage density. The AFF C-Series (C30, C60, C80) offers up to 1.5PB capacity in two-rack deployments, with up to 95% floor space savings and 97% power savings. Additionally, NetApp enhanced StorageGRID with improved scalability and doubled density through 60TB capacity flash drive support.

NetApp (NASDAQ: NTAP) announced an expanded collaboration with Red Hat to enhance enterprise application development and management in virtual environments. The partnership combines NetApp's intelligent data infrastructure with Red Hat OpenShift to offer improved flexibility in managing virtualized environments across on-premises and hybrid multicloud setups.

Key announcements include: new Trident capabilities with integrated protection and disaster recovery at no extra cost; new Cisco FlexPod validated designs for Red Hat OpenShift Virtualization and AI deployments; and Red Hat OpenShift Dedicated integration with Google Cloud NetApp Volumes, providing enhanced storage options for containerized workloads.

NetApp (NASDAQ: NTAP) has scheduled its second quarter fiscal year 2025 financial results announcement for Thursday, November 21, 2024, after market close. The company will host a conference call and webcast at 2:30 p.m. Pacific Time where executive management will discuss the results and market dynamics. The webcast will be accessible at investors.netapp.com, with a replay available after 4:30 p.m. Pacific Time. The company has also announced future earnings release target dates extending through Q2 FY 2026.

NetApp has expanded its strategic partnership with Google Cloud by integrating unified data storage and intelligent services into the Google Distributed Cloud architecture. This collaboration aims to provide AI-ready infrastructure for organizations in the public sector and regulated industries, enabling them to innovate while maintaining high security standards and regulatory compliance.

The integration addresses challenges posed by emerging regulations such as data sovereignty and consumer privacy laws. NetApp's ONTAP and StorageGRID solutions enhance Google Distributed Cloud environments, offering better control over data, efficient workload scaling, and AI leverage while ensuring security and compliance.

This partnership allows customers to reduce reliance on disparate solutions across cloud, data center, and edge environments, simplifying complexity and increasing agility in deploying and managing distributed cloud solutions.

F5 (NASDAQ: FFIV) and NetApp (NASDAQ: NTAP) have expanded their collaboration to accelerate enterprise AI capabilities using F5's secure multicloud networking solutions and NetApp's data management solutions. The partnership focuses on streamlining large language model (LLM) deployments across hybrid cloud environments, particularly for Retrieval Augmented Generation (RAG) implementations.

The collaboration integrates F5 Distributed Cloud Services with NetApp's suite, including Cloud Volumes ONTAP, to provide efficient and secure RAG solutions. This integration aims to enhance AI system performance, security, and utility while reducing the complexity of managing hybrid and multicloud infrastructure. The joint solution enables unified operational models for data management, security, and networking, contributing to cost reduction and supporting innovative AI projects.

F5 is sponsoring NetApp INSIGHT 2024 as a Gold Sponsor, where they will showcase their innovative solution for generative AI during a breakout session on September 24.