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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.

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NetApp (NTAP) appoints Riccardo Di Blasio as Senior Vice President of North America Sales, bringing over 25 years of experience in enterprise sales and AI technologies. Di Blasio will lead direct sales, channel sales, and demand generation teams, aligning business objectives with customer needs.
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NetApp (NTAP) to participate in fireside chats at UBS TMT, Raymond James TMT, and NASDAQ London Conferences. Presentations by VP Phil Brotherton and EVP Mike Berry to be available via live audio webcasts and archives on investors.netapp.com.
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NetApp (NTAP) collaborates with AWS to announce scale-out FSx for ONTAP file systems, offering up to nine times higher storage performance. Customers can use ONTAP's data management features for various workloads, including high-performance computing, electronic design automation, visual effects, life sciences, and machine learning. The enhancements provide multi-protocol access to data, point-in-time and space-efficient Snapshot copies, replication for data protection, thin cloning, data tiering, deduplication, and compression. The scale-out file systems deliver up to 36GB per second of throughput and 1.2 million SSD IOPS, a nine times improvement in performance. The capabilities are now available in select AWS regions.
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NetApp (NASDAQ: NTAP) reported net revenues of $1.56 billion for the second quarter of fiscal year 2024. The company introduced substantial innovation, including the ASA C-Series, extension of the Ransomware Recovery Guarantee, and performance and availability guarantees for NetApp Keystone storage as a service. Record Q2 GAAP consolidated gross margins of 71%; record non-GAAP consolidated gross margins of 72%. Q2 GAAP operating margins of 20%; record non-GAAP operating margins of 27%. Q2 GAAP net income per share of $1.10; record non-GAAP net income per share of $1.58. $403 million returned to stockholders in share repurchases and cash dividends in Q2.
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NetApp (NASDAQ: NTAP) Announces Anders Gustafsson as New Board Member, Adding Strong Leadership and Cloud Expertise. The global, cloud-led, data-centric software company, NetApp, has appointed Anders Gustafsson, executive chair of Zebra Technologies, to its Board of Directors. Gustafsson's extensive experience in technology, cloud services, and strategic planning will benefit NetApp's innovation agenda and growth. With nine independent directors and 30% appointed in the last five years, the board now has ten members.
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NetApp (NASDAQ: NTAP) renews collaboration with Microsoft to expand Azure NetApp Files, NetApp BlueXP, and Cloud Volumes ONTAP portfolio with CloudOps solutions, delivering industry-leading cloud storage and infrastructure operations. The collaboration brings innovations for cloud storage with Azure NetApp Files, NetApp BlueXP, and Cloud Volumes ONTAP, as well as CloudOps solutions from Spot by NetApp, all based on NetApp and Microsoft technologies. The solutions offer seamless integration, performance, data management capabilities, enterprise-grade data protection, disaster recovery architectures, cloud flexibility, and scalability. Spot by NetApp portfolio for CloudOps on Azure brings new solutions to market, leveraging AI/ML-driven automation to deliver continuous optimization of all Azure compute with increased efficiency and vastly reduced operational complexity.
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NetApp announces NetApp StorageGRID for VMware Sovereign Cloud, enabling sovereign cloud customers to store and protect unstructured data while complying with data privacy regulations. The integration delivers StorageGRID services within the VMware Cloud Director user interface, providing seamless object storage solutions. NetApp also collaborates with VMware to modernize API integrations between NetApp ONTAP and VMware vSphere, simplifying data management across multi-tenant environments.
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NetApp announces a new bundled virtualization solution targeting small and medium businesses. The solution uses VMware vSphere 8 software, Fujitsu PRIMERGY Servers, and NetApp all-flash storage systems. It aims to simplify and accelerate the management of traditional and modern applications for SMBs.
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NetApp (NASDAQ: NTAP) will announce financial results for Q2 of fiscal year 2024 on November 28, 2023. The conference call will be held at 2:00 p.m. PT. Future targeted release dates for Q3 FY 2024, Q4 FY 2024, Q1 FY 2025, and Q2 FY 2025 results are also provided.
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NetApp announces updates to its data pipeline for AI and enhancements to its data storage against ransomware. The company aims to simplify the deployment and scalability of AI data pipelines while ensuring data protection. NetApp also extends its Ransomware Recovery Guarantee and introduces a new disaster recovery solution for VMware.
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FAQ

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

The current stock price of NetApp (NTAP) is $116.94 as of January 3, 2025.

What is the market cap of NetApp (NTAP)?

The market cap of NetApp (NTAP) is approximately 23.8B.

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.
NetApp, Inc

Nasdaq:NTAP

NTAP Rankings

NTAP Stock Data

23.76B
202.47M
0.4%
93.91%
4.34%
Computer Hardware
Computer Storage Devices
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United States of America
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