Netapp Inc - NTAP STOCK NEWS

NetApp (NASDAQ: NTAP) has announced it will release its third quarter fiscal year 2025 financial results on Thursday, February 27, 2025, 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 quarterly results and provide market insights.

The webcast will be accessible through investors.netapp.com, with login recommended 15 minutes before start time. An audio replay will be available after 4:30 p.m. Pacific Time.

The company has also outlined future earnings release dates: Q4 FY2025 on May 29, 2025; Q1 FY2026 on August 27, 2025; Q2 FY2026 on November 25, 2025; and Q3 FY2025 on February 26, 2026.

NetApp (NASDAQ: NTAP) has achieved validation of its near-term science-based emissions reduction targets by the Science-Based Targets initiative (SBTi). The company commits to reduce absolute scope 1 and 2 GHG emissions by 50.8% by FY2030 from a FY2020 base year, and scope 3 GHG emissions from sold products by 51.6% per effective petabytes shipped by FY2030 from a FY2023 base year.

The company has already demonstrated progress, reducing scope 1 and 2 emissions by 37% compared to its 2020 baseline, as reported in their FY24 ESG Impact Report. SBTi has classified NetApp's scope 1 and 2 target ambition as aligned with a 1.5°C trajectory.

To support customers' sustainability goals, NetApp offers a BlueXP sustainability dashboard providing AIOps-enabled reporting and scoring with actionable insights to improve sustainability performance and reduce costs.

NetApp (NASDAQ: NTAP) has announced the appointment of Wissam Jabre as Executive Vice President and Chief Financial Officer, effective March 10, 2025. Jabre, who brings over 20 years of finance leadership experience, will succeed Mike Berry, who is retiring after five years as CFO.

Jabre most recently served as EVP and CFO at Western Digital , where he led the global finance organization. His previous roles include CFO at Dialog Semiconductor until its acquisition by Renesas Electronics in 2021, and senior finance positions at Advanced Micro Devices, Freescale Semiconductor, and Motorola. He currently serves on the board of MKS Instruments as an audit committee member.

The appointment aligns with NetApp's strategy to drive sustained growth and long-term value through its intelligent data infrastructure platform. Jabre holds an MBA from Columbia Business School and a B.E. in Electrical Engineering from the American University of Beirut.

NetApp (NASDAQ: NTAP) and the San Francisco 49ers announced a new multi-year strategic partnership, with NetApp becoming a founding level partner and the Official Intelligent Data Infrastructure Partner of the NFL franchise. The partnership focuses on enhancing Levi's® Stadium operations through NetApp's data infrastructure solutions.

The collaboration aims to modernize the stadium's technology, implementing improvements to ingress and egress, bathroom and concession wait times, and mobile app functionality using NetApp's solutions, including their Keystone storage-as-a-service offering. As part of the agreement, NetApp becomes the presenting sponsor of the 49ers 2025 NFL Draft and the Levi's® Stadium Owners Club. Additionally, NetApp will sponsor the Horizon Summit, the 49ers' strategy, data, and analytics conference, scheduled for June 2025.

NetApp (NASDAQ: NTAP) has released its second annual Data Complexity Report, highlighting key challenges and trends in AI adoption for 2025. The report reveals that 40% of global technology executives anticipate unprecedented investment in AI and data management will be required by 2025.

Key findings show that 79% of global tech executives recognize the importance of unifying data for optimal AI outcomes, while 41% predict a sharp increase in security threats alongside AI adoption. Additionally, 34% of executives anticipate major shifts in corporate sustainability processes due to AI implementation.

The study, conducted with Wakefield Research, surveyed over 1,300 IT executives across nine markets in US, EMEA, and APAC regions, focusing on data complexity, security challenges, and sustainability imperatives in AI transformation.

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.