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 been recognized as a Leader in the 2021 Gartner Magic Quadrant for Primary Storage, highlighting its strong vision and execution capabilities. The company's AFF A-Series also achieved the highest scores in the Gartner Critical Capabilities for Primary Storage report across multiple use cases. Key scores included 4.23 for Cloud IT Operations and 4.20 for Server Virtualization. NetApp attributes its success to continuous R&D, strategic investments, and robust integration with public cloud partners, enabling organizations to leverage a data fabric strategy effectively.
NetApp has signed a definitive agreement to acquire CloudCheckr, a cloud optimization platform. While financial details remain undisclosed, the acquisition aims to enhance NetApp’s cloud offerings by integrating CloudCheckr's cost visibility and management features with Spot by NetApp’s capabilities. This strategic move addresses growing challenges in cloud cost management for organizations and enhances NetApp's position in the FinOps sector. The combination is expected to accelerate cloud application deployment and optimize costs for enterprises.
NetApp (NASDAQ: NTAP) announced its participation in three upcoming virtual events. The Public Cloud Strategy Discussion will feature EVP Anthony Lye on September 8, 2021, from 11:00 to 11:45 a.m. Pacific Time. Following this, CFO Mike Berry will speak at the Deutsche Bank 2021 Technology Conference on September 9, 2021, from 6:50 to 7:25 a.m. Pacific Time, and again at Citi’s 2021 Global Technology Conference on September 13, 2021, from 7:30 to 8:10 a.m. Pacific Time. Live webcasts will be available on their investor website.
NetApp's Q1 FY2022 results show a 12% year-over-year revenue growth to $1.46 billion, highlighting strong momentum in their business. Public Cloud revenue surged 155% to $79 million, while product revenue increased 16% to $730 million. The company posted a GAAP net income of $202 million and plans to return $212 million to shareholders via buybacks and dividends. For Q2, NetApp expects revenues between $1.49 billion and $1.59 billion. Full-year guidance also raises revenue growth expectations to 8%-9%.
NetApp will release its financial results for Q1 FY 2022 on August 25, 2021, after market close. The call will take place at 2:30 p.m. PT, where management will discuss the financials and market dynamics. This quarter's results will cover the period ending July 30, 2021. Future earnings release dates include Q2 on November 30, 2021, Q3 on February 23, 2022, and Q4 on June 1, 2022. As a cloud-led, data-centric software company, NetApp aims to empower organizations in digital transformation. For more details, visit www.netapp.com.
NetApp (NASDAQ: NTAP) has acquired Data Mechanics, a managed platform for big data processing and cloud analytics based in Paris. This acquisition aims to enhance NetApp's ability to support clients in leveraging Apache Spark within Kubernetes, addressing the growing demands for cloud-native strategies amid increasing enterprise data. The integration will streamline operations and bolster NetApp's offerings, especially following their recent acquisition of Spot. Financial details of the transaction were not disclosed.
NetApp (NASDAQ: NTAP) introduced a new version of its ONTAP software designed for enhanced hybrid cloud operations. This update aims to unify data management across on-premises and cloud environments, simplifying the operation of data services. Key updates include the next-gen FlexPod for better workload management and the latest version of StorageGRID offering improved encryption and performance. Additionally, the Keystone Flex Subscription at Equinix provides a flexible storage solution without the need to migrate data to the cloud. The emphasis is on aiding enterprises in their digital transformation journeys.
NetApp (NASDAQ: NTAP) announced strong financial results for Q4 and FY2021. Q4 net revenues reached $1.56 billion, up from $1.40 billion YoY, with GAAP net income of $334 million. For FY2021, revenues were $5.74 billion, a rise from $5.41 billion, although GAAP net income decreased to $730 million from $819 million. For FY2022, NetApp projects revenue growth of 6-7% and expects to increase its dividend by 4% to $0.50 per share. Additionally, share repurchase authority was increased by $500 million. The company continues to innovate with new products and partnerships in cloud and data management.
NetApp (NASDAQ: NTAP), a leader in data-centric cloud solutions, announced its participation in several upcoming virtual fireside chats at major conferences. Key events include:
- Cowen TMT Conference: June 3, 2021, 10:50 AM PT
- Evercore TMT Conference: June 8, 2021, 11:00 AM PT
- BofA Tech Conference: June 10, 2021, 10:00 AM PT
- NASDAQ Investor Conference: June 17, 2021, 7:30 AM PT
Live audio webcasts will be available on investors.netapp.com.
NetApp (NASDAQ: NTAP) has announced updates to its Unified Partner Program for FY'22, aimed at enhancing partner engagement and profitability. Key enhancements include an expanded partner ecosystem, simplified financial incentives, new partner rewards, and specialized training tracks in areas like AI/ML and Data Protection. The program is designed to facilitate a more predictable sales experience and improve partner alignment with NetApp’s strategic goals. The updates are effective immediately, establishing a roadmap for future enhancements.
FAQ
What is the current stock price of NetApp (NTAP)?
What is the market cap of NetApp (NTAP)?
What does NetApp, Inc. specialize in?
What are the main segments of NetApp's business?
What is NetApp Astra?
What kind of services does NetApp offer?
Where is NetApp, Inc. headquartered?
How does the Hybrid Cloud segment benefit customers?
What recent achievements has NetApp made?
What type of clients does NetApp cater to?
How can I stay updated about NetApp's latest news?
What makes NetApp a key player in the data management industry?
