NetApp, Inc. provides software, systems, and cloud services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud storage services, including NetApp Cloud Volumes; cloud control solutions, such as NetApp Cloud Manager and NetApp Virtual Desktop Service; cloud services and analytics comprising NetApp Cloud Insights, NetApp Cloud Sync, NetApp Cloud Compliance, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Cloud Backup, and NetApp Global File Cache; and Cloud Optimization solutions, such as Spot by NetApp, Spot Cloud Analyzer by NetApp, Spot Eco by NetApp, Spot Ocean by NetApp, Spot Wave by NetApp, Spot Elastigroup by NetApp, and NetApp Virtual Desktop Managed Service. It provides data storage solutions comprising NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, NetApp SolidFire, and NetApp HCI; data protection solutions, such as NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Data Availability Services; and data management solutions, including NetApp ONTAP Storage Management System, NetApp ElementOS software, NetApp SANtricity software, NetApp Active IQ Digital Advisor, OnCommand Insight, and OnCommand Workflow Automation. In addition, the company offers application-aware data management service under the NetApp Astra name; and payment solutions and storage-as-a-service under the NetApp Keystone name. Further, it provides assessment, design, consulting, and implementation services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
IPO Year: 1995
Exchange: NASDAQ
Website: netapp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2025 | $115.00 | Equal Weight → Overweight | Barclays |
| 2/28/2025 | $160.00 → $130.00 | Buy | TD Cowen |
| 2/19/2025 | $121.00 → $128.00 | Underperform → Neutral | BofA Securities |
| 2/10/2025 | Positive → Neutral | Susquehanna | |
| 12/16/2024 | $160.00 | Neutral → Overweight | Analyst |
| 11/22/2024 | $145.00 → $160.00 | Buy | TD Cowen |
| 11/15/2024 | Neutral | Cleveland Research | |
| 11/13/2024 | Perform | Oppenheimer | |
| 9/3/2024 | $121.00 → $150.00 | Hold → Buy | Loop Capital |
| 5/31/2024 | $120.00 → $135.00 | Buy | TD Cowen |
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Barclays upgraded NetApp from Equal Weight to Overweight and set a new price target of $115.00
TD Cowen reiterated coverage of NetApp with a rating of Buy and set a new price target of $130.00 from $160.00 previously
BofA Securities upgraded NetApp from Underperform to Neutral and set a new price target of $128.00 from $121.00 previously
Susquehanna downgraded NetApp from Positive to Neutral
Analyst upgraded NetApp from Neutral to Overweight and set a new price target of $160.00
TD Cowen reiterated coverage of NetApp with a rating of Buy and set a new price target of $160.00 from $145.00 previously
Cleveland Research initiated coverage of NetApp with a rating of Neutral
Oppenheimer initiated coverage of NetApp with a rating of Perform
Loop Capital upgraded NetApp from Hold to Buy and set a new price target of $150.00 from $121.00 previously
TD Cowen reiterated coverage of NetApp with a rating of Buy and set a new price target of $135.00 from $120.00 previously
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SCHEDULE 13G/A - NetApp, Inc. (0001002047) (Subject)
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ITASCA, Ill. and SAN JOSE, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- Flexera, the global leader in technology spend and risk management, today announced it has completed the acquisition of Spot from NetApp (NASDAQ:NTAP), the intelligent data infrastructure company. The acquisition is Flexera's latest step towards offering a comprehensive set of solutions to help organizations confront growing cloud cost and usage hurdles, especially as the consumption of artificial intelligence (AI) surges and strains cloud budgets. With this acquisition, Flexera expands its leading Cloud Financial Management offering into a suite of AI-powered FinOps technologies and enhances the value of these offeri
Net revenues of $1.64 billion for the third quarter All-flash array annualized net revenue run rate1 of $3.8 billion, an increase of 10% year-over-year First-party and marketplace cloud storage services revenue again grew more than 40% year-over-year Continued to deliver significant intelligent data infrastructure innovation with the launch of new all-flash NetApp™ AFF A-Series and C-Series systems, enhanced StorageGRID™ object storage capabilities, and expanded cloud storage offerings Third quarter GAAP operating margin of 22%; third quarter non-GAAP operating margin2 of 30% Third quarter GAAP net income per share3 of $1.44; third quarter non-GAAP net income per share2 of $1
After market close on Thursday, February 27, 2025, NetApp (NASDAQ:NTAP) will announce financial results for the third quarter of fiscal year 2025, which ended January 24, 2025. NetApp executive management will host a conference call Webcast at 2:30 p.m. Pacific Time to discuss these results and provide their perspective on market dynamics. How to Participate The live Webcast call can be accessed at investors.netapp.com. Please allow at least 15 minutes prior to the start of the Webcast to log in. An audio replay Webcast will also be available after 4:30 p.m. Pacific Time. NetApp Future Targeted Release Dates Q4 FY 2025 results target date: May 29, 2025 Q1 FY 2026 results target da
Net revenues of $1.66 billion for the second quarter; 6% year-over-year increase Record all-flash array annualized net revenue run rate1 of $3.8 billion, an increase of 19% year-over-year First party and marketplace cloud storage services revenue grew approximately 43% year-over-year Second quarter GAAP operating margin of 21%; record second quarter non-GAAP operating margin2 of 29% Second quarter GAAP net income per share3 of $1.42; record second quarter non-GAAP net income per share2 of $1.87 Returned $406 million to stockholders through share repurchases and cash dividends NetApp (NASDAQ:NTAP), the intelligent data infrastructure company, today reported financial result
After market close on Thursday, November 21, 2024, NetApp (NASDAQ:NTAP) will announce financial results for the second quarter of fiscal year 2025 which ended October 25, 2024. NetApp executive management will host a conference call Webcast at 2:30 p.m. Pacific Time to discuss these results and provide their perspective on market dynamics. How to Participate The live Webcast call can be accessed at investors.netapp.com. Please allow at least 15 minutes prior to the start of the Webcast to log in. An audio replay Webcast will also be available after 4:30 p.m. Pacific Time. NetApp Future Targeted Release Dates Q3 FY 2025 results target date: February 27, 2025 Q4 FY 2025 results target dat
Net revenues of $1.54 billion for the first quarter; 8% year-over-year increase All-flash array annualized net revenue run rate1 of $3.4 billion, an increase of 21% year-over-year First party and marketplace cloud storage services revenue grew approximately 40% year-over-year Record first quarter GAAP operating margin of 18%; record first quarter non-GAAP operating margin2 of 26% Record first quarter GAAP net income per share3 of $1.17; record first quarter non-GAAP net income per share2 of $1.56 Returned $507 million to stockholders through share repurchases and cash dividends NetApp (NASDAQ:NTAP), the intelligent data infrastructure company, today reported financial res
After market close on Wednesday, August 28, 2024, NetApp (NASDAQ:NTAP) will announce financial results for the first quarter of fiscal year 2025 which ended July 26, 2024. NetApp executive management will host a conference call Webcast at 2:30 p.m. Pacific Time to discuss these results and provide their perspective on market dynamics. How to Participate The live Webcast call can be accessed at investors.netapp.com. Please allow at least 15 minutes prior to the start of the Webcast to log in. An audio replay Webcast will also be available after 4:30 p.m. Pacific Time. NetApp Future Targeted Release Dates Q2 FY 2025 results target date: November 26, 2024 Q3 FY 2025 results target date
NetApp (NASDAQ:NTAP) and Evercore ISI will hold a tech talk to discuss NetApp's AI strategy and direction with Russell Fishman, senior director, product management global innovation, solutions, and alliances, and Hoseb Dermanilian, senior director, worldwide sales specialist, AI solutions. Following brief opening remarks from NetApp, a question and answer session will be moderated by Amit Daryanani, senior managing director at Evercore ISI Institutional Equities. Interested parties can find more information on NetApp's Investor Relations website at http://investors.netapp.com. No new financial information will be discussed during this conference call. Date: Wednesday, July 10, 2024 Time
Net revenues of $1.67 billion for the fourth quarter; Net revenues of $6.27 billion for fiscal year 2024 Record all-flash array annualized revenue run rate1 of $3.6 billion, an increase of 17% year-over-year Record fiscal year GAAP consolidated gross margins of 71%; record non-GAAP consolidated gross margins2 of 72% Fiscal year GAAP operating margins of 19%; record non-GAAP operating margins2 of 27% Fiscal year GAAP net income per share3 of $4.63; record non-GAAP net income per share2 of $6.46 NetApp announced an increase in its quarterly dividend to $0.52 cents per share and a new share repurchase authorization of an additional $1 billion NetApp (NASDAQ:NTAP), the intell
After market close on Thursday, May 30, 2024, NetApp (NASDAQ:NTAP) will announce financial results for the fourth quarter and fiscal year 2024 which ended April 26, 2024. NetApp executive management will host a conference call at 2:30 p.m. Pacific Time to discuss these results and provide their perspective on market dynamics. How to Participate The live Webcast call can be accessed at investors.netapp.com. Please allow at least 15 minutes prior to the start of the Webcast to log in. An audio replay Webcast will also be available after 4:30 p.m. Pacific Time. NetApp Future Targeted Release Dates Q1 FY 2025 results target date: August 28, 2024 Q2 FY 2025 results target date: Novembe
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Comprehensive storage security capabilities elevate best practices for cyber resiliency NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, today announced new data security capabilities that help customers strengthen their cyber resiliency. Security teams can now leverage NetApp, the most secure storage on the planet, to take a proactive approach to data security at the storage layer and strengthen their overall security posture. Advancements in technology drive a cycle of innovation for cyber threats and cybersecurity countermeasures alike. The increasing accessibility of AI has enabled malicious actors to automate cyberattacks, requiring businesses to use machine learni
Sponsorship Deal with NetApp Enables NFL to Bring Intelligence to its Data The National Football League today named NetApp® (NASDAQ:NTAP) the Official Intelligent Data Infrastructure partner. NetApp will work with the league to develop cutting-edge, silo-free storage technology, allowing the NFL to manage the data to drive innovation. "The global partnership between the NFL and NetApp represents a shared commitment to leveraging intelligent data to drive transformative solutions for the league," said Renie Anderson, executive vice president and chief revenue officer at the NFL. "By combining our expertise with NetApp's industry-leading intelligent data infrastructure, we can unlock new ef
New features for Google Cloud NetApp Volumes improve support for large workloads, including Vertex AI NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, and Google Cloud today announced new capabilities for Google Cloud NetApp Volumes, a fully managed file storage service, that reduce complexity and increase performance for cloud storage workloads, while fully integrating into the Google Cloud service ecosystem. Customers will be able to effortlessly scale high-performance enterprise apps and databases, including workloads with petabyte-scale datasets, such as electronic design automation (EDA), AI applications, and content data repositories. As businesses navigate the er
NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, today announced that it has received the 2025 Google Cloud Infrastructure Modernization Partner of the Year for Storage award. NetApp is being recognized for its achievements in the Google Cloud ecosystem, helping joint customers accelerate cloud workloads with intelligent data infrastructure and bring AI to their data with NetApp and Google Cloud. "Google Cloud's Partner Awards recognize partners who have created outsized value for customers through the delivery of innovative solutions and a high level of expertise," said Kevin Ichhpurani, President, Global Partner Ecosystem, Google Cloud. "We're proud to announce NetApp
NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, today announced that Frank Pelzer, Chief Operating Officer at Spotnana, has joined its Board of Directors. This brings the number of directors on the NetApp Board of Directors to ten, nine of whom are independent and 40% of whom have been appointed within the last five years. "I am delighted to welcome Frank to our Board," said George Kurian, Chief Executive Officer at NetApp. "Frank's impressive history of helping companies scale, along with his ability to strengthen software value and enhance its recognition at infrastructure companies, will be invaluable as we continue to grow and innovate in the era of data and intelli
NetApp's rich data management capabilities accelerate AI innovation for customers NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, today announced that NVIDIA has validated high-performance NetApp enterprise storage systems with NetApp ONTAP® for environments powering AI training and inferencing. For the first time, with NetApp, customers can now get the benefits of validated configurations and architectures for NVIDIA—including NVIDIA DGX SuperPOD, NVIDIA Cloud Partners, and NVIDIA-Certified Storage—combined with the rich and mature data management services in NetApp ONTAP critical for building AI factories. These certifications ready NetApp to tap the NVIDIA AI Data P
NVIDIA-powered data agents coming to NetApp ONTAP will speed inference NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, today announced it is advancing the state of the art in agentic AI with intelligent data infrastructure that taps the NVIDIA AI Data Platform reference design. By collaborating with NVIDIA, NetApp is enabling businesses to better leverage their data to fuel AI reasoning inference. In the era of intelligence, businesses need to rethink their data strategies to turn rapidly growing data estates into competitive assets that empower them to agilely navigate their business environment. By adopting an Intelligent Data Infrastructure framework, businesses wil
NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, today announced the pricing of $625 million in aggregate principal amount of its 5.50% Senior Notes due 2032 that will bear interest at 5.50% per annum and $625 million in aggregate principal amount of its 5.70% Senior Notes due 2035 that will bear interest at 5.70% per annum. The offering is expected to close, subject to the satisfaction of customary closing conditions, on March 17, 2025. NetApp intends to use a portion of the net proceeds of this offering to repay its $750 million outstanding principal amount of 1.875% Senior Notes due 2025 at maturity and the remainder of the net proceeds for general corporate purposes.
Feedback and ratings collected by customer reviews found that 98% of verified end-users recommend NetApp NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, today announced it was named a Customers' Choice in the 2025 Gartner Peer Insights ‘Voice of the Customer' for Primary Storage Platforms. The 2025 Gartner Peer Insights ‘Voice of the Customer' for Primary Storage Platforms aggregated reviews from 126 verified end users of NetApp, and 98 percent of them conclude that they would recommend NetApp as of December 31, 2024. Gartner defines primary storage platform (PSP) market as it "addresses the needs of infrastructure and operations (I&O) leaders to operate and suppor
ITASCA, Ill. and SAN JOSE, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- Flexera, the global leader in technology spend and risk management, today announced it has completed the acquisition of Spot from NetApp (NASDAQ:NTAP), the intelligent data infrastructure company. The acquisition is Flexera's latest step towards offering a comprehensive set of solutions to help organizations confront growing cloud cost and usage hurdles, especially as the consumption of artificial intelligence (AI) surges and strains cloud budgets. With this acquisition, Flexera expands its leading Cloud Financial Management offering into a suite of AI-powered FinOps technologies and enhances the value of these offeri
NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, today announced that Frank Pelzer, Chief Operating Officer at Spotnana, has joined its Board of Directors. This brings the number of directors on the NetApp Board of Directors to ten, nine of whom are independent and 40% of whom have been appointed within the last five years. "I am delighted to welcome Frank to our Board," said George Kurian, Chief Executive Officer at NetApp. "Frank's impressive history of helping companies scale, along with his ability to strengthen software value and enhance its recognition at infrastructure companies, will be invaluable as we continue to grow and innovate in the era of data and intelli
A long-tenured, highly respected industry leader, O'Callahan expands her leadership scope to drive integration, collaboration, and execution across the company's business 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, while assuming responsibility for Human Resources, Workplace
Today, NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, announced the appointment of Wissam Jabre as Executive Vice President and Chief Financial Officer effective March 10, 2025. Jabre brings over 20 years of experience leading finance organizations and a strong track record of value creation and disciplined operational management. Jabre's appointment follows the previously announced planned retirement of Mike Berry, who served as NetApp's Executive Vice President and Chief Financial Officer for the last five years. "We are thrilled to welcome Wissam to our leadership team," said George Kurian, Chief Executive Officer. "His decades of financial experience will be inval
NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, today announced the appointment of Pamela Hennard as the new Chief Diversity and Inclusion Officer. In her expanded role, Pamela will lead NetApp's efforts to foster diversity, equity, and inclusion across the organization and within the talent acquisition process and throughout the full employee journey. Pamela Hennard has been an integral part of NetApp's success, serving as the Vice President of Global Talent Acquisition. With over 27 years of experience in human resources, Pamela brings a wealth of expertise in developing and leading high-performing teams. During Pam's tenure at NetApp, her strategic guidance has been
Shahin brings over 25 years of enterprise experience to drive NetApp's ability to scale in both business technology and operations initiatives NetApp® (NASDAQ:NTAP), the original intelligent data infrastructure company, today announced Gus Shahin as the company's Executive Vice President of Business Technology and Operations. Reporting to CEO George Kurian, Shahin will lead critical business operations providing a solid foundation for accelerating growth and fostering cross-functional execution across four key company pillars - Information Technology, Operations, Global Security, and Enterprise Process Excellence. Shahin joins NetApp from Flex, where he held varying leadership roles ove
NetApp® (NASDAQ:NTAP), the original intelligent data infrastructure company, today announced that its board of directors has nominated June Yang to stand for election as an independent director at its annual meeting of stockholders on September 11, 2024. Yang most recently served as Vice President, Cloud AI and Industry Solutions at Google Cloud (cloud computing services) from October 2021 until December 2023 where she was responsible for the portfolio of Google Cloud AI products and solutions, including Vertex AI, Contact Center AI and more. Previously at Google Cloud, she served as Vice President and General Manager, Compute and Machine Learning infrastructure from October 2019 until Oc
NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, today announced that it strengthened its sales team to accelerate growth objectives and facilitate customer success by hiring Mike Sakalas as the company's Vice President of U.S. Enterprise Sales. Sakalas will report to NetApp's Senior Vice President of North America Sales, Riccardo Di Blasio. Sakalas will oversee the development and execution of NetApp's enterprise business in the United States, playing a pivotal role in defining and implementing the company's go-to-market strategy. Sakalas will partner closely with internal teams and NetApp partners to drive strategic customer engagements as NetApp expands its offerings a
NetApp expands relationship with Porsche Motorsport to provide holistic data solutions that boost performance on the track NetApp® (NASDAQ:NTAP), the intelligent data infrastructure company, today announced that it has expanded its relationship with Porsche Motorsport to become the exclusive Intelligent Data Infrastructure partner, accelerating access to Porsche Motorsport's data to drive strategic decision-making on the track. This expansion also creates a new relationship between NetApp and Team Porsche Penske Motorsport in the IMSA WeatherTech SportsCar Championship (IWSC) and World Endurance Championship (WEC), as well as continued support for the TAG Heuer Porsche Formula E Team. W
NetApp (NASDAQ:NTAP), the intelligent data infrastructure company, today announced Dallas Olson as the company's new Chief Commercial Officer, reporting to NetApp's President, César Cernuda. Olson brings over 25 years of experience building high-performance teams responsible for planning, operations, enablement, engagement, and go-to-market strategies. As NetApp's CCO, Olson will oversee sales strategy driving business growth in key areas including AI and Keystone through specialist teams, enhance market presence, optimize sales models, foster strategic partnerships, champion a customer-centric approach, and drive initiatives to maintain NetApp's position as a market leader primed for acc
A leader in Human Resources, Yockelson brings over 25 years of experience to drive a new chapter of NetApp's culture and growth globally NetApp (NASDAQ:NTAP), the intelligent data infrastructure company, today announced Alessandra Yockelson has joined the company as Chief Human Resources Officer, reporting to CEO, George Kurian. Alessandra will lead all aspects of people and organizational strategy, including talent development and growth, performance management, team engagement, recruiting, DEIB, and compensation and benefits. Alessandra joins NetApp from Pure Storage, where she served as Chief Human Resources Officer since August 2021 and led organizational change efforts that resulted