Netapp Inc - NTAP STOCK NEWS

NetApp (NASDAQ: NTAP) has launched NetApp Astra, an application-aware data management service designed for Kubernetes workloads. This tool simplifies data protection, recovery, and migration allowing organizations to focus on application development rather than infrastructure management. Key features include snapshot capabilities for local data protection, remote backups for disaster recovery, and simplified application portability. Initially supporting Google Cloud, Astra will expand to Microsoft Azure and AWS.

NetApp (NASDAQ: NTAP) has entered a multi-year partnership with Aston Martin Cognizant Formula One to support their return to Formula One racing. This collaboration aims to leverage data-driven insights to enhance performance on and off the track. The partnership will focus on real-time data availability, improving car performance, and streamlining operations. NetApp’s data fabric will help eliminate inefficiencies and promote data security. The initiative underscores Aston Martin's commitment to continuous improvement in a highly competitive environment.

NetApp (NASDAQ: NTAP) announced its participation in virtual fireside chats at various upcoming conferences, showcasing its commitment to engaging with investors. Key events include the Morgan Stanley TMT Conference on March 2, 2021, featuring CEO George Kurian; the Susquehanna Technology Conference on March 9, 2021, with Lance Berger, Director of Investor Relations; and two presentations on March 11, 2021, at the Loop Capital Markets TMT Conference and William Blair Technology Conference.

Live audio webcasts will be available at investors.netapp.com.

NetApp (NASDAQ: NTAP) reported strong Q3 FY21 financial results, with net revenues of $1.47 billion, a year-over-year increase from $1.40 billion. GAAP net income was $182 million ($0.80 per share), down from $277 million ($1.21 per share) in Q3 FY20. The company forecasts Q4 FY21 revenues between $1.44 billion and $1.54 billion and EPS ranging from $0.78 to $0.86 (GAAP). Cash flow from operations was $373 million. Shareholder returns included $157 million through buybacks and dividends. NetApp continues to expand its product offerings and partnerships with major cloud providers.

NetApp (NASDAQ: NTAP) has appointed Carrie Palin, former CMO of Splunk, to its Board of Directors, enhancing its commitment to diversity and board refreshment. This brings the total board members to nine, with eight being independent. CEO George Kurian emphasized Palin’s expertise in customer-focused marketing, aligning with NetApp's growth strategy. Palin's background includes significant roles at SendGrid and IBM's Cloud Data Services, positioning her to contribute to NetApp’s mission of empowering organizations through data.

On February 24, 2021, NetApp will announce its financial results for Q3 FY 2021, which ended January 29, 2021. Management will host a conference call at 2:30 PM PT to discuss results and market dynamics. Stakeholders can access the live Webcast through investors.netapp.com. Future targeted release dates include:

• Q4 FY 2021: June 2, 2021
• Q1 FY 2022: August 25, 2021
• Q2 FY 2022: November 30, 2021
• Q3 FY 2022: February 23, 2022

NetApp (NASDAQ: NTAP), a leader in cloud-led, data-centric software, announced that Mike Berry, CFO, will participate in a fireside chat at the Goldman Sachs Technology Conference on January 12, 2021, at 12:40 p.m. PT. Investors can access a live audio Webcast of the event at investors.netapp.com. An archived audio Webcast will be available post-conference. NetApp focuses on empowering organizations through data, offering systems and services for optimal application performance from data centers to the cloud.

NetApp reported strong Q2 fiscal 2021 results with net revenues of $1.42 billion, a 3.6% year-over-year increase. However, GAAP net income fell to $137 million from $243 million in Q2 FY2020, resulting in earnings per share declining to $0.61 from $1.03. The company projects third-quarter revenues between $1.34 billion and $1.49 billion and EPS of $0.67 to $0.75. Additionally, a cash dividend of $0.48 per share is set for January 27, 2021.

NetApp (NASDAQ: NTAP) announced participation in virtual fireside chats at two upcoming conferences. Mike Berry, the executive vice president of finance and CFO, will represent the company at the Credit Suisse Technology Conference on December 3, 2020, from 10:30 to 11:00 a.m. Pacific Time, and the Barclays TMT Conference on December 9, 2020, from 10:30 to 10:55 a.m. Pacific Time. Live audio Webcasts of both presentations will be available on investors.netapp.com.