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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 announces updates to its unified data storage solution, including new block storage products and improvements to public cloud storage services. The company aims to drive simplicity, savings, security, and sustainability for customers. NetApp introduces the ASA C-Series family, which uses capacity flash for performance and cost savings, with a 4:1 storage efficiency guarantee and 99.9999% data availability guarantee. The company also enhances its first-party, cloud-native storage offerings on the three largest public clouds. NetApp Keystone Storage-as-a-Service is improved with integrated performance and availability guarantees and a sustainability service-level agreement.
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NetApp releases the 2023 Data Complexity Report, highlighting the need for unified data storage and flash innovation in addressing hybrid on-premises and data management complexity. The report reveals that 98% of organizations are in the middle of their cloud journey, with AI adoption driving the need for cloud adoption. Data security, data integration, and talent scarcity are identified as barriers to AI deployment. Security threats and data privacy concerns are causing further complexity in storage infrastructure. Sustainability is a top concern, with 83% of respondents considering it when choosing storage vendors. Flash storage solutions that optimize AI performance and address data security and privacy are in demand.
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NetApp to hold 2023 INSIGHT™ customer conference in Las Vegas
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NetApp announces new joint Bare-Metal-as-a-Service solution, NetApp Storage on Equinix Metal, providing a full stack storage infrastructure as-a-service with low-latency interconnection to major public clouds.
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NetApp renews partnership with Ducati Corse and becomes Official Data Infrastructure Partner for 2023 to 2025 seasons. Introduces virtual data management and insights solution for race analytics and R&D.
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NetApp recognized as a 2023 Google Cloud Technology Partner of the Year in two categories: Infrastructure Storage and Marketplace Infrastructure.
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NetApp extends partnership with Google Cloud to deliver new levels of storage performance and flexibility
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NetApp reports Q1 net revenues of $1.43 billion, a 10% YoY decrease. Cash from operations increased 61% YoY to $453 million. $506 million returned to stockholders in Q1. NetApp introduces new products and innovations.
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NetApp (NASDAQ: NTAP) launches Partner Sphere Program, aiming to drive a partner-first culture, increase flash revenue, accelerate cloud adoption, and provide partner-led solutions and services. The program offers unified engagement models, incentivizes tiering system, and focuses on partner-led services, with testimonials from HwaCom Systems, World Wide Technology, Insight, and Eviden.
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FAQ

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

The current stock price of NetApp (NTAP) is $126.3 as of January 23, 2025.

What is the market cap of NetApp (NTAP)?

The market cap of NetApp (NTAP) is approximately 25.3B.

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.
NetApp, Inc

Nasdaq:NTAP

NTAP Rankings

NTAP Stock Data

25.27B
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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