Welcome to our dedicated page for NetApp news (Ticker: NTAP), a resource for investors and traders seeking the latest updates and insights on NetApp stock.
NetApp, Inc. (NTAP) is an American company at the forefront of hybrid cloud data services and data management solutions. Headquartered in Sunnyvale, California, NetApp provides a robust portfolio of cloud data services, enabling the seamless management of applications and data both online and on-premises. The company's core businesses encompass two primary segments: Hybrid Cloud and Public Cloud.
The Hybrid Cloud segment is NetApp's flagship, generating the majority of the company's revenue. This segment offers an extensive range of storage management and infrastructure solutions that empower organizations to modernize their traditional data centers by integrating cloud capabilities. Key offerings in this segment include software, hardware, and related support services designed to facilitate hybrid and multi-cloud operations.
NetApp also operates in the Public Cloud space, providing data services that optimize the use of public cloud environments. Their solutions are designed to ensure seamless data management, protection, and compliance across different cloud platforms.
NetApp Astra is another significant offering, providing application-aware data management services. This service is particularly valuable for organizations seeking to streamline their operations and enhance data lifecycle management. NetApp also offers professional and support services, including strategic consulting, design, implementation, and migration services, to help clients maximize the value of their IT investments.
Recent achievements for NetApp include strategic partnerships with leading public cloud providers, ongoing enhancements to their product portfolio, and a strong financial performance driven by the growing demand for hybrid cloud solutions. The company's commitment to innovation and customer-centric solutions positions it as a key player in the data management and storage industry.
For the latest updates and news about NetApp, visit the company’s official page or follow their news releases.
NetApp (NASDAQ: NTAP) has launched Spot Security, a new solution aimed at enhancing cloud security for organizations. This agentless technology facilitates continuous assessment of cloud resources, enabling DevOps and SecOps teams to identify vulnerabilities, misconfigurations, and compliance issues efficiently. Spot Security features include 360° visibility, prioritized analytics, and automated remediation, allowing teams to mitigate risks effectively. This innovation further strengthens NetApp's offerings within its CloudOps suite.
NetApp (NASDAQ: NTAP) announces a multi-year partnership with the TAG Heuer Porsche Formula E Team, aimed at enhancing race performance through innovative hybrid cloud solutions. This collaboration integrates real-time data services to support on-track decision-making and optimize race strategies. Porsche targets 80% electric vehicle sales by 2030, leveraging NetApp's technology to advance their electric vehicle development. Key cloud solutions include Cloud Volumes ONTAP and Global File Cache, ensuring data availability and processing across racing locations.
NetApp (NASDAQ: NTAP) has announced new enhancements to its hybrid multicloud offerings, emphasizing simplicity, security, and flexibility. Key innovations include a unified management system and improved ransomware protection. NetApp's new Storage-as-a-Service model through Keystone allows organizations to manage workloads seamlessly across clouds. The firm also aims to enhance cyber resilience, with features to protect against unauthorized access. Collaboration with VMware aims to facilitate cloud transition for enterprises, enhancing operational responsiveness and data security.
NetApp (NASDAQ: NTAP) will participate in a fireside chat at the William Blair Growth Stock Conference on June 7, 2022. CFO Mike Berry will present from 8:40 – 9:10 a.m. Central Time. A live audio webcast of the presentation can be accessed post-conference at investors.netapp.com.
NetApp specializes in delivering enterprise-grade data services, focusing on maximizing data utilization across cloud and data center environments.
NetApp (NASDAQ: NTAP) reported a strong performance for Q4 and FY2022, with net revenues of $1.68 billion in Q4, up 8% year-over-year, and $6.32 billion for the fiscal year, reflecting a 10% increase. Q4 billings soared 16% to $2.02 billion, while the Public Cloud annualized revenue run rate jumped 68% to $505 million. Despite a GAAP net income decline in Q4 to $259 million, non-GAAP net income rose to $324 million. The company returned $1.05 billion to shareholders in FY2022. Looking ahead, Q1 FY2023 revenue is projected between $1.475 and $1.625 billion.
NetApp has completed its acquisition of Instaclustr, a provider of fully managed open-source database applications. This move enhances NetApp's Cloud Operations (CloudOps) offerings, aligning with its strategic acquisitions aimed at optimizing cloud-native applications. The integration of Instaclustr's services aims to improve cloud application development and operational efficiency, leveraging NetApp's superior data storage and CloudOps capabilities. This acquisition underscores NetApp's commitment to expanding its portfolio and providing comprehensive cloud solutions for customers.
Kyndryl (NYSE: KD) and NetApp (NASDAQ: NTAP) have formed a strategic alliance aimed at leveraging unstructured data to drive innovation and cloud transformation for customers across diverse industries. The partnership will merge Kyndryl's IT infrastructure expertise with NetApp's cloud capabilities to enhance data management and analytics. The collaboration targets industry-specific solutions in sectors such as automotive and financial services, focusing on improving operational efficiency and customer satisfaction. The two companies aim to accelerate cloud adoption and facilitate business transformation through their combined efforts.
NetApp (NASDAQ: NTAP) has launched Spot PC, a managed cloud Desktop-as-a-Service (DaaS) solution designed to enhance remote work. This service caters to Managed Service Providers (MSPs) and enterprises, offering a secure and efficient desktop solution with predictable pricing. Spot PC aims to alleviate the operational burdens associated with traditional virtual desktop infrastructure, making it easier for organizations to adapt to hybrid work environments. The solution promises quicker deployment, cost predictability, and enhanced security for users.
NetApp (NASDAQ: NTAP) has expanded its AI portfolio by certifying the NetApp EF600 all-flash NVMe storage with the BeeGFS parallel file system for the NVIDIA DGX SuperPOD. This certification streamlines AI and high-performance computing (HPC) infrastructures, enhancing deployment speed for companies leveraging these technologies. The partnership between NetApp and NVIDIA has aided numerous customers since 2018, facilitating AI centers of excellence and tackling large-scale AI challenges. This latest qualification supports businesses in optimizing model training infrastructure.
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