NTAP Stock Recent News

The headline numbers for NetApp (NTAP) give insight into how the company performed in the quarter ended April 2024, 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 $1.80 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.54 per share a year ago.

NetApp topped fourth-quarter revenue estimates on Thursday on strong demand for its cloud-based data management services, while the company also approved a new share buyback plan worth an additional $1 billion.

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today reported financial results for the fourth quarter and fiscal year 2024, which ended on April 26, 2024. “We concluded fiscal year 2024 on a high note, delivering company records for annual gross margin, operating margin, EPS, operating cash flow, and free cash flow and building positive momentum. Our modern approach to unified data storage, spanning data types, price points, and hybrid mu.

NetApp's (NTAP) fiscal fourth-quarter performance is likely to have gained from momentum in all-flash products and hyperscaler first-party and marketplace services amid soft macroeconomic conditions.

NetApp (NTAP) closed at $115.65 in the latest trading session, marking a +1.41% move from the prior day.

Get a deeper insight into the potential performance of NetApp (NTAP) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

NetApp (NTAP) closed the most recent trading day at $112.28, moving +1.64% from the previous trading session.

Does NetApp (NTAP) have what it takes to be a top stock pick for momentum investors? Let's find out.

NetApp (NTAP) expects strength in all-flash products, and hyper-scaler first-party and marketplace services to boost revenue performance amid weak macroeconomic conditions.