NTAP Stock Recent News

ITASCA, Ill. and SAN JOSE, Calif.

NTAP's fiscal third-quarter performance gains from momentum in all-flash, first-party and marketplace cloud storage services. It lowers its revenue outlook for fiscal 2025.

Tech companies remain top of mind this morning. NetApp (NTAP) slid more than 10% down after reporting weaker-than-expected earnings and guidance.

NetApp's top-line miss isn't indicative of softness in IT spending, analysts say.

NetApp, Inc. (NASDAQ:NTAP ) Q3 2025 Earnings Conference Call February 27, 2025 5:30 PM ET Company Participants Kris Newton - Vice President, Investor Relations George Kurian - Chief Executive Officer Mike Berry - Chief Financial Officer Conference Call Participants Aaron Rakers - Wells Fargo Meta Marshall - Morgan Stanley Mehdi Hosseini - SIG Irvin Liu - Evercore ISI David Vogt - UBS Jason Ader - William Blair Ruplu Bhattacharya - Bank of America Steven Fox - Fox Advisors Krish Sankar - TD Cowen Simon Leopold - Raymond James Lou Miscioscia - Daiwa Capital Markets Ananda Baruah - Loop Capital Asiya Merchant - Citi Samik Chatterjee - JPMorgan Ari Terjanian - Cleveland Research Param Singh - Oppenheimer Operator Good day, and welcome to the NetApp Third Quarter of Fiscal Year 2025 Earnings Call. All participants will be in listen-only mode.

The headline numbers for NetApp (NTAP) give insight into how the company performed in the quarter ended January 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

NetApp (NTAP) came out with quarterly earnings of $1.91 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.94 per share a year ago.

NetApp lowered its revenue and profit forecast for fiscal year 2025 on Wednesday, hurt by diminishing demand for its data storage services.

NetApp, Inc. NTAP will release its third-quarter financial results after the closing bell on Thursday, Feb. 27.

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced a strategic evolution in its leadership structure designed to enhance focus, strengthen collaboration, and drive execution across the business with the appointment of Beth O'Callahan, NetApp's Chief Legal Officer (CLO), to Chief Administrative Officer (CAO). In this newly expanded role, Beth will continue overseeing Legal, Compliance, Government Relations, and Sustainability,.