Netapp Inc - NTAP STOCK NEWS

The NFL has named NetApp (NASDAQ: NTAP) as its Official Intelligent Data Infrastructure partner. The partnership focuses on developing advanced storage technology to help the NFL manage and leverage its data more effectively. NetApp will have a significant global presence, particularly in the 2025 International Games, serving as the presenting sponsor for the 2025 NFL London Games and the first-ever regular season NFL game in Madrid.

The collaboration aims to serve the NFL's extensive fanbase, which includes over 218 million fans in the United States and a growing international audience. NetApp's technology will provide secure data storage solutions, featuring advanced security capabilities like ONTAP Autonomous Ransomware Protection with AI and cyber vault solutions to protect against data loss and downtime.

NetApp (NTAP) and Google Cloud have announced enhanced capabilities for Google Cloud NetApp Volumes, their fully managed file storage service. The improvements focus on scaling high-performance workloads and supporting large-scale datasets in the cloud.

Key enhancements include:

• Integration with Google Cloud's Vertex AI Platform for building custom agents and managing data pipelines
• Performance improvements for Premium and Extreme service levels, allowing single volume scaling from 15TiB to 1PiB with up to 30 GiB/s throughput
• Preview of independent scaling for capacity and performance in Flex service level
• Upcoming support for Google Cloud Assured Workloads framework for compliance requirements

These improvements aim to help customers manage petabyte-scale datasets for electronic design automation (EDA), AI applications, and content data repositories more efficiently while maintaining seamless integration with Google Cloud's ecosystem.

NetApp (NASDAQ: NTAP) has been awarded the 2025 Google Cloud Infrastructure Modernization Partner of the Year for Storage. The recognition highlights NetApp's achievements in helping customers accelerate cloud workloads and implement AI solutions through the Google Cloud ecosystem.

The award specifically acknowledges partners who enable customers to modernize their infrastructure using Google Cloud's innovative solutions for enhanced agility, scalability, and cost-efficiency. Through products like Google Cloud NetApp Volumes, customers can more easily adopt intelligent data infrastructure for modern workloads.

This marks NetApp's fourth Google Cloud Technology Partner Award in two years. The company also recently achieved the Google Cloud Ready – Regulated & Sovereignty Solutions Designation, demonstrating its capability to help organizations implement data infrastructure while meeting high compliance standards.

NetApp (NASDAQ: NTAP) has announced the appointment of Frank Pelzer to its Board of Directors, expanding the board to ten members. Pelzer, currently Chief Operating Officer at Spotnana, brings extensive experience in cloud and as-a-service companies. Previously, he served as CFO of F5 and held leadership positions at SAP, Concur, Deutsche Bank AG, and Credit Suisse Group.

The appointment strengthens NetApp's board composition, with 90% independent directors and 40% appointed within the last five years. Pelzer currently serves on the Board of Directors at Freshworks and Direct Travel, having previously served on the boards of Duck Creek Technologies and Benefitfocus.

NetApp positions itself as the intelligent data infrastructure company, focusing on unified data storage and integrated operational services with AI capabilities, serving as the only enterprise-grade storage service natively embedded in major cloud platforms.

NetApp (NTAP) has announced a collaboration with NVIDIA to advance agentic AI capabilities through intelligent data infrastructure leveraging the NVIDIA AI Data Platform reference design. The partnership aims to help businesses better utilize their data for AI reasoning inference.

The integration combines NetApp ONTAP with NVIDIA's AI Data Platform, enabling customers to connect their data to fuel AI reasoning workloads using NVIDIA AI Enterprise software, including AI-Q Blueprints and NIM microservices. The solution features NVIDIA Blackwell GPUs, networking, and the Dynamo open-source inference library.

Key developments include:

• Global Metadata Namespace for secure data discovery and management across hybrid multicloud
• Integrated AI Data Pipeline for automated data preparation and semantic searches
• Disaggregated Storage Architecture for optimized performance in AI workloads

NetApp (NTAP) announced that NVIDIA has validated its high-performance enterprise storage systems with NetApp ONTAP for AI training and inferencing environments. The validation includes configurations for NVIDIA DGX SuperPOD, NVIDIA Cloud Partners, and NVIDIA-Certified Storage.

Key announcements include:

• NetApp AFF A90 validation for NVIDIA DGX SuperPOD, offering enterprise data management capabilities and scalable multi-tenancy
• AFF A90 certification to support NVIDIA Cloud Partner Reference Architectures with NVIDIA HGX B200 and HGX H200 systems
• NetApp AIPod certification under NVIDIA-Certified Storage program to support NVIDIA Enterprise Reference Architectures
• New version of NetApp AIPod with Lenovo including NVIDIA AI Enterprise software platform

NetApp (NASDAQ: NTAP) has announced the pricing of senior notes totaling $1.25 billion, split into two offerings: $625 million of 5.50% Senior Notes due 2032 and $625 million of 5.70% Senior Notes due 2035. The offering is expected to close on March 17, 2025.

The company plans to use part of the proceeds to repay its existing $750 million of 1.875% Senior Notes due 2025 at maturity, with the remainder allocated for general corporate purposes. The offering is being managed by a consortium of financial institutions including Goldman Sachs & Co. , J.P. Morgan, BofA Securities, Wells Fargo Securities, Citigroup, and MUFG as joint book-running managers.

NetApp (NASDAQ: NTAP) has been named a Customers' Choice in the 2025 Gartner Peer Insights 'Voice of the Customer' for Primary Storage Platforms, with an impressive 98% recommendation rate from 126 verified end-users as of December 31, 2024.

The company has recently refreshed its unified, block-optimized, and object enterprise storage portfolio, focusing on delivering intelligent data infrastructure for the AI era. A key highlight is the NetApp ONTAP Autonomous Ransomware Protection with AI (ARP/AI) solution, offering 99% accurate detection of ransomware threats and includes a Ransomware Recovery Guarantee.

The recognition validates NetApp's commitment to providing silo-free infrastructure with built-in security features, supporting various workloads from traditional databases to enterprise AI implementations. The company's solutions are designed to deliver performance, scalability, and comprehensive data services across different company sizes and budgets.

NetApp (NTAP) reported Q3 FY2025 financial results with net revenues of $1.64 billion, a 2% year-over-year increase. The company achieved a GAAP operating margin of 22% and non-GAAP operating margin of 30%. GAAP net income per share was $1.44, while non-GAAP EPS reached $1.91.

Key highlights include: all-flash array annualized revenue run rate of $3.8 billion (up 10% YoY), cloud storage services growth exceeding 40% YoY, and $306 million returned to stockholders through dividends and share repurchases. The Hybrid Cloud segment generated $1.47 billion in revenue, while Public Cloud revenue reached $174 million.

The company announced new product innovations including enhanced AFF A-Series and C-Series systems, improved StorageGRID capabilities, and expanded cloud storage offerings. NetApp also appointed Wissam Jabre as new CFO effective March 10, 2025.