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NetApp, Inc - NTAP STOCK NEWS

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.

News

NetApp Partners with Google Cloud to Maximize Flexibility for Cloud Data Storage

Rhea-AI Summary
NetApp expands partnership with Google Cloud to enhance cloud storage capabilities for generative AI and hybrid cloud workloads. The collaboration introduces Flex service level for NetApp Volumes, offering more storage options and performance levels. The GenAI toolkit enables efficient RAG operations on Google Cloud Vertex AI platform, empowering organizations to generate valuable insights and automations.
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-1.49%
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NetApp Wins Google Cloud Technology Partner of the Year Award for Infrastructure - Storage

Rhea-AI Summary
NetApp (NTAP) receives the 2024 Google Cloud Technology Partner of the Year Award in the Infrastructure - Storage category for Google Cloud NetApp Volumes. The award recognizes NetApp's industry-leading storage technologies that simplify data management, optimize cloud costs, and support critical use cases like AI and databases.
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-1.58%
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NetApp Empowers Customers to Securely “Talk to Their Data” in Collaboration with NVIDIA

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NetApp collaborates with NVIDIA to enhance generative AI applications through new retrieval-augmented generation (RAG) technology, connecting to exabytes of data on NetApp's infrastructure. The integration allows seamless access to proprietary business insights while ensuring data security and privacy.
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1.48%
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NetApp Appoints Technology Industry Titan Alessandra Yockelson as Chief Human Resources Officer

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NetApp (NTAP) appoints Alessandra Yockelson as Chief Human Resources Officer to drive organizational strategy and growth globally. Yockelson brings over 25 years of experience in leading global talent organizations and driving operational excellence.
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-0.54%
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NetApp Fights Ransomware in Real-Time with Built-In Artificial Intelligence on Enterprise Storage and Enhanced Cyber-Resiliency Solutions

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NetApp announces cyber-resiliency capabilities to protect data from ransomware threats. The company integrates AI and ML into primary storage for real-time protection. Updates include ONTAP Autonomous Ransomware Protection, BlueXP Ransomware Protection, SnapCenter 5.0, BlueXP Disaster Recovery, and Keystone Ransomware Recovery Guarantee.
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NetApp Turbocharges AI Innovation with Intelligent Data Infrastructure

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NetApp collaborates with NVIDIA to enhance AI projects with secure, high-performance infrastructure. The company introduces new capabilities to support Gen AI initiatives, offering simplified data management solutions. NetApp aims to optimize AI investments, providing secure access to data across various environments.
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NetApp Reports Third Quarter of Fiscal Year 2024 Results

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NetApp (NTAP) reports strong Q3 financial results with $1.61 billion in net revenues, 5% YoY growth, and record margins. The company showcases growth in hybrid and public cloud segments, with a focus on innovation and customer partnerships. However, the stockholders' return through dividends and share repurchases is relatively low compared to revenue growth.
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18.17%
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NetApp to Participate in Upcoming Technology Conferences

Rhea-AI Summary
NetApp (NTAP) to participate in a fireside chat at Morgan Stanley TMT Conference on March 5, 2024. Mike Berry, EVP, Finance and CFO, will present from 2:50 - 3:30 p.m. Pacific Time. Investors can access the live audio webcast at investors.netapp.com.
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Aston Martin Aramco Formula One® Team and NetApp Renew Partnership

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Aston Martin Aramco Formula One® Team and NetApp® (NASDAQ: NTAP) renew their partnership, with NetApp designated as the team’s Global Data Infrastructure Partner. The partnership has been successful in empowering the racing team to use NetApp’s storage technology to optimize its performance, leading to eight top-three finishes in 2023. Data gives Formula One® drivers and their support teams the insights they need to make the right decisions to optimize their race performance.
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NetApp Hosts Third Quarter of Fiscal Year 2024 Financial Results Webcast

Rhea-AI Summary
NetApp (NTAP) will announce financial results for the third quarter of fiscal year 2024 on February 29, 2024. The live webcast call can be accessed at investors.netapp.com. NetApp's future targeted release dates for financial results are Q4 FY 2024: May 30, 2024, Q1 FY 2025: August 28, 2024, Q2 FY 2025: November 26, 2024, and Q3 FY 2025: February 27, 2025.
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FAQ

What is the current stock price of NetApp (NTAP)?

The current stock price of NetApp (NTAP) is $118.45 as of December 20, 2024.

What is the market cap of NetApp (NTAP)?

The market cap of NetApp (NTAP) is approximately 24.3B.

What does NetApp, Inc. specialize in?

NetApp, Inc. specializes in hybrid cloud data services, data management, and storage solutions for enterprise environments.

What are the main segments of NetApp's business?

NetApp operates primarily in two segments: Hybrid Cloud and Public Cloud, with the Hybrid Cloud segment generating the majority of its revenue.

What is NetApp Astra?

NetApp Astra is an application-aware data management service designed to streamline operations and enhance data lifecycle management.

What kind of services does NetApp offer?

NetApp offers cloud data services, application-aware data management, strategic consulting, design, implementation, and migration services.

Where is NetApp, Inc. headquartered?

NetApp, Inc. is headquartered in Sunnyvale, California.

How does the Hybrid Cloud segment benefit customers?

The Hybrid Cloud segment provides storage management and infrastructure solutions that help customers modernize traditional data centers and leverage cloud capabilities.

What recent achievements has NetApp made?

Recent achievements include strategic partnerships with leading public cloud providers, product enhancements, and strong financial performance.

What type of clients does NetApp cater to?

NetApp caters to enterprise clients looking for robust data management and storage solutions across hybrid and public cloud environments.

How can I stay updated about NetApp's latest news?

For the latest updates and news about NetApp, visit the company’s official page or follow their news releases.

What makes NetApp a key player in the data management industry?

NetApp's commitment to innovation, customer-centric solutions, and strategic partnerships make it a key player in the data management and storage industry.

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NetApp, Inc

Nasdaq:NTAP

NTAP Rankings

#464 Ranked by Market Cap
#1493 Ranked by Dividends

NTAP Stock Data

24.30B
202.44M
0.4%
93.91%
4.34%
Computer Hardware
Computer Storage Devices
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United States of America
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