NetApp upgraded by BofA Securities with a new price target

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

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

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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

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

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