1 month ago
With a market cap of $39.1 billion, California-based NetApp, Inc. (NTAP) is a leading provider of enterprise data storage and intelligent data infrastructure, helping businesses manage, protect, and activate data across on-premises systems, hybrid environments, and major public clouds. Its portfolio combines all-flash storage, cloud services, and data-management software, with its ONTAP platform at the core.
Companies valued at $10 billion or more are generally considered "large-cap" stocks, and NetApp fits this criterion perfectly. Its leadership lies in its enterprise storage, strong hybrid-cloud capabilities, and deeply embedded customer relationships. Its ONTAP platform offers unified data management across on-premises and cloud environments, while partnerships with major cloud providers strengthen its position as enterprises shift toward hybrid infrastructure. NetApp also benefits from its growing all-flash storage portfolio, recurring software and services revenue, and expanding AI-focused data infrastructure offerings.
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#netapp #storage #Stock #offerings
Companies valued at $10 billion or more are generally considered "large-cap" stocks, and NetApp fits this criterion perfectly. Its leadership lies in its enterprise storage, strong hybrid-cloud capabilities, and deeply embedded customer relationships. Its ONTAP platform offers unified data management across on-premises and cloud environments, while partnerships with major cloud providers strengthen its position as enterprises shift toward hybrid infrastructure. NetApp also benefits from its growing all-flash storage portfolio, recurring software and services revenue, and expanding AI-focused data infrastructure offerings.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
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#netapp #storage #Stock #offerings
1 month ago
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Iran-related news will be focus over the weekend. The Federal Reserve meeting will take center stage this coming week, with markets largely pricing in an interest rate hike on Sept. 16.
The stock market lost ground this past week as Treasury yields and oil prices surged, but rebounded Friday following the CPI inflation report. The S&P 500 and Nasdaq in particular made bullish technical moves.
Apple (AAPL), Moderna (MRNA), NetApp (NTAP) and Arista Networks (ANET) flashed buy signals heading into the weekend, with many others setting up.
Investors can make buys, but the market remains rangebound and ****** e to rapid sector rotation.
Apple stock is on SwingTrader. Arista Networks and NetApp stock are on the IBD 50. Apple stock and NetApp are on the IBD Big Cap 20. Arista stock is on IBD Sector Leaders.
#NASDAQ #sector #weekend
The stock market lost ground this past week as Treasury yields and oil prices surged, but rebounded Friday following the CPI inflation report. The S&P 500 and Nasdaq in particular made bullish technical moves.
Apple (AAPL), Moderna (MRNA), NetApp (NTAP) and Arista Networks (ANET) flashed buy signals heading into the weekend, with many others setting up.
Investors can make buys, but the market remains rangebound and ****** e to rapid sector rotation.
Apple stock is on SwingTrader. Arista Networks and NetApp stock are on the IBD 50. Apple stock and NetApp are on the IBD Big Cap 20. Arista stock is on IBD Sector Leaders.
#NASDAQ #sector #weekend
1 month ago
Dow Jones futures fell early Monday, along with S&P 500 futures and especially Nasdaq futures. Crude oil prices jumped while AI stocks are under pressure after artificial intelligence leaders called for slowing AI model development. Treasury yields and the upcoming Federal Reserve meeting also are key this week.
The stock market fell last week, but rebounded Friday, with Apple (AAPL), Moderna (MRNA) and NetApp (NTAP) flashing buy signals. The S&P 500 index declined 0.8% and the Nasdaq fell 0.7%, both above their 50-day moving averages. The Dow Jones Industrial Average lost 1.6% in last week's stock market trading. The small-cap Russell 2000 shed 2.4%. Both are below their 50-day lines.
A number of stocks flashed buy signals or are setting up, but the choppy index action and rapid sector rotation has been a difficult environment.
U.S. crude oil futures spiked 9.4% to $100.05 a barrel last week, even with Friday's 2.4% decline. Oil prices shot up 20% in the last two weeks amid the widening U.S.-Iran conflict, threatening further oil supply routes.
The 10-year Treasury yield surged 19 basis points to 4.97%, the highest since nearly hitting 5% in October 2023. Markets are betting on a Fed rate hike, even as President Donald Trump reiterated his call for rate cuts.
#last #NASDAQ
The stock market fell last week, but rebounded Friday, with Apple (AAPL), Moderna (MRNA) and NetApp (NTAP) flashing buy signals. The S&P 500 index declined 0.8% and the Nasdaq fell 0.7%, both above their 50-day moving averages. The Dow Jones Industrial Average lost 1.6% in last week's stock market trading. The small-cap Russell 2000 shed 2.4%. Both are below their 50-day lines.
A number of stocks flashed buy signals or are setting up, but the choppy index action and rapid sector rotation has been a difficult environment.
U.S. crude oil futures spiked 9.4% to $100.05 a barrel last week, even with Friday's 2.4% decline. Oil prices shot up 20% in the last two weeks amid the widening U.S.-Iran conflict, threatening further oil supply routes.
The 10-year Treasury yield surged 19 basis points to 4.97%, the highest since nearly hitting 5% in October 2023. Markets are betting on a Fed rate hike, even as President Donald Trump reiterated his call for rate cuts.
#last #NASDAQ
1 month ago
On September 2, NetApp Inc. (NASDAQ:NTAP) reported its Q1 FY27 results, posting record quarterly net revenue of $2.03 billion. Topline for the Intelligent Data Infrastructure company expanded by 30% compared to the first quarter in FY26. The quarter saw a broad-based growth across its core segments, resulting in a record adjusted earnings per share of $2.58, and a quarterly cash dividend of $0.52 per share. The company also strengthened its existing engagements with major players, covering a range of underlying functions.
During the first quarter, all-flash array net revenue went up 47% year-over-year, hitting a record $1.3 billion mark. This drove the overall net revenue for its Hybrid Cloud segment to $1.8 billion, translating into a 30% year-over-year growth. Public Cloud, which accounts for a smaller chunk of the business, saw its net revenue climb by 28%, also setting a record of $206 million. NetApp's total billings clocked in at $2.06 billion, exhibiting a 36% growth compared to Q1 FY26, while its non-GAAP operating margin reached 31.9%.
During the quarter, NetApp finalized the acquisition of an AI-enabled data infrastructure business, DataPelago. The deal is aimed toward facilitating customers streamline and accelerate large-scale AI deployments. On the product front, the company launched StorageGRID 12.1, to support scaling of AI workload through a federated global namespace. It also introduced Instaclustr for its fully managed Model Context Protocol Gateway, along with enhanced support for Azure NetApp Files up to 64 TiB.
NetApp also revealed new features for NetApp Trident software 26.06. These include deeper integration of OpenShift Virtualization, non-disruptive iSCSI rebalancing, efficient volume placement, and additional cloud support.
Despite encouraging numbers reported during the quarter, the free cash flows settled at $401 million. This was a 35% drop compared to figures reported for Q1 FY26. Additionally, NetApp remains heavily dependent on its Hybrid Cloud business, which generated roughly 90% of quarterly revenue, while Public Cloud still contributes a relatively small fraction of the topline despite growing 28% during the recent quarter. This leads to concerns regarding how much of the company's growth story is truly cloud-native compared to conventional on-premises hardware refresh cycles that are strongly tied to AI infrastructure investments. For the underlying all-flash arrays, such AI-linked demand trend could prove to be front-loaded or cyclical in case enterprise capital expenditure decelerates.
#netapp #Growth
During the first quarter, all-flash array net revenue went up 47% year-over-year, hitting a record $1.3 billion mark. This drove the overall net revenue for its Hybrid Cloud segment to $1.8 billion, translating into a 30% year-over-year growth. Public Cloud, which accounts for a smaller chunk of the business, saw its net revenue climb by 28%, also setting a record of $206 million. NetApp's total billings clocked in at $2.06 billion, exhibiting a 36% growth compared to Q1 FY26, while its non-GAAP operating margin reached 31.9%.
During the quarter, NetApp finalized the acquisition of an AI-enabled data infrastructure business, DataPelago. The deal is aimed toward facilitating customers streamline and accelerate large-scale AI deployments. On the product front, the company launched StorageGRID 12.1, to support scaling of AI workload through a federated global namespace. It also introduced Instaclustr for its fully managed Model Context Protocol Gateway, along with enhanced support for Azure NetApp Files up to 64 TiB.
NetApp also revealed new features for NetApp Trident software 26.06. These include deeper integration of OpenShift Virtualization, non-disruptive iSCSI rebalancing, efficient volume placement, and additional cloud support.
Despite encouraging numbers reported during the quarter, the free cash flows settled at $401 million. This was a 35% drop compared to figures reported for Q1 FY26. Additionally, NetApp remains heavily dependent on its Hybrid Cloud business, which generated roughly 90% of quarterly revenue, while Public Cloud still contributes a relatively small fraction of the topline despite growing 28% during the recent quarter. This leads to concerns regarding how much of the company's growth story is truly cloud-native compared to conventional on-premises hardware refresh cycles that are strongly tied to AI infrastructure investments. For the underlying all-flash arrays, such AI-linked demand trend could prove to be front-loaded or cyclical in case enterprise capital expenditure decelerates.
#netapp #Growth
2 months ago
Updated Sept 03, 2026, 4:53 am EDT / Original Sept 02, 2026, 4:36 pm EDT
NetApp
NTAP
+0.10%
, a data storage company, reported stronger-than-expected earnings and raised its fiscal year guidance on Wednesday, but its stock was falling anyway.
NTAP
+0.10%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#netapp #wednesday #jones
NetApp
NTAP
+0.10%
, a data storage company, reported stronger-than-expected earnings and raised its fiscal year guidance on Wednesday, but its stock was falling anyway.
NTAP
+0.10%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#netapp #wednesday #jones
