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) provides enterprise data management solutions and hybrid cloud services for modern IT infrastructure needs. This dedicated news hub offers investors and technology professionals centralized access to official announcements and market developments.
Track critical updates including quarterly earnings reports, product innovations, and strategic partnerships. Our curated collection simplifies monitoring of NetApp's cloud storage advancements, data center solutions, and industry leadership initiatives.
Discover press releases covering hybrid cloud deployments, enterprise storage updates, and professional service expansions. All content is sourced from verified corporate communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to NetApp's evolving position in cloud data services. Regularly updated to reflect the company's latest operational milestones and technology breakthroughs.
NetApp (NASDAQ: NTAP), a cloud-led data-centric software company, will participate virtually in several upcoming conferences. Key presentations include Wells Fargo TMT Summit on December 1, 2021, at 2:00 PM PT with Kris Newton, and NASDAQ Investor Conference on December 2, 2021, at 7:30 AM PT with Mike Berry. Additional events include the Raymond James Technology Conference on December 6 and the Barclays TMT Conference on December 7. Live audio webcasts will be available on investors.netapp.com.
NetApp (NASDAQ: NTAP) has extended its partnership with Ducati Corse, focusing on accelerating digital transformation in motorcycle racing. This collaboration, ongoing since 2018, aims to enhance performance through data utilization. The two-year extension includes optimizing 3D product design and automating data workflows. Ducati's General Manager expressed excitement about the partnership's success, as the team secured three top placements in the 2021 MotoGP standings. This initiative highlights NetApp's commitment to data-driven strategies in competitive environments.
NetApp (NASDAQ: NTAP) has successfully completed the acquisition of CloudCheckr, enhancing its Spot by NetApp offerings with improved cloud optimization capabilities. CloudCheckr's platform integrates cost visibility, analytics, and continuous optimization services, allowing organizations to better manage cloud resources while ensuring security and compliance. This acquisition is expected to drive innovation and growth within the Spot by NetApp portfolio, enabling customers to leverage cloud benefits more efficiently and effectively.
NetApp (NASDAQ: NTAP) will announce its financial results for Q2 FY 2022 after market close on November 30, 2021. The results cover the quarter ending October 29, 2021. A conference call will be held at 2:30 p.m. Pacific Time to discuss the results and market dynamics. Interested parties can access the live Webcast at investors.netapp.com. Future earnings report dates include Q3 FY 2022 on February 23, 2022, Q4 FY 2022 on June 1, 2022, Q1 FY 2023 on August 24, 2022, and Q2 FY 2023 on November 29, 2022.
NetApp (NASDAQ: NTAP) continues to expand its cloud services, enhancing partnerships with the three largest public clouds: AWS, Azure, and Google Cloud. The company’s ONTAP data management software powers cloud file services, facilitating high-performance shared storage solutions. Recent acquisitions of Data Mechanics and the planned acquisition of CloudCheckr aim to strengthen its cloud optimization capabilities. The partnerships have led to significant customer growth and financial momentum, positioning NetApp as a leader in the hybrid multicloud market.
NetApp (NASDAQ: NTAP) announced key updates to its hybrid cloud portfolio at INSIGHT 2021, aiming to enhance digital transformation for organizations. New features include improved ONTAP software capabilities that bolster ransomware protection, NVMe/TCP support for enhanced performance, and flexible consumption options for cloud services to optimize costs. The company emphasizes the growing demand for modernization among IT departments, with 70% planning infrastructure upgrades within two years. NetApp's solutions are designed to streamline data management across on-premises and cloud environments.
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%.
