Welcome to our dedicated page for Netapp news (Ticker: NTAP), a resource for investors and traders seeking the latest updates and insights on Netapp stock.
NetApp, Inc. (NASDAQ: NTAP) is described in its public communications as the Intelligent Data Infrastructure company, helping organizations move from traditional enterprise storage to data infrastructures built for cloud and AI. News about NetApp often highlights developments in its unified data platform, which connects, protects, and activates data across clouds, workloads, and environments, and is built on NetApp ONTAP with automation from the AI Data Engine and AFX.
Investors and technology professionals following NTAP news can expect updates on financial results, such as quarterly earnings reported via press releases and Form 8-K filings, along with commentary on demand for AI solutions, all-flash offerings, and public cloud services. NetApp’s news flow also includes product and platform announcements, including enhancements to its AI-ready data platform, cyber resilience capabilities like NetApp Ransomware Resilience, and object and file storage technologies designed for hybrid and multicloud environments.
NetApp regularly reports on strategic collaborations with major partners, including public cloud providers and infrastructure vendors, to extend its intelligent data infrastructure into managed services, converged infrastructure, and AI workloads. Additional news themes include board and leadership updates, corporate initiatives such as data science education partnerships, and recognition in industry evaluations and sustainability rankings.
For anyone tracking NTAP stock, this news stream provides context on how NetApp is positioning its intelligent data infrastructure, how it is integrating with leading cloud platforms, and how its strategy around AI, cyber resilience, and hybrid cloud is reflected in operational and financial performance over time.
NetApp (NASDAQ: NTAP) has expanded its AI portfolio by certifying the NetApp EF600 all-flash NVMe storage with the BeeGFS parallel file system for the NVIDIA DGX SuperPOD. This certification streamlines AI and high-performance computing (HPC) infrastructures, enhancing deployment speed for companies leveraging these technologies. The partnership between NetApp and NVIDIA has aided numerous customers since 2018, facilitating AI centers of excellence and tackling large-scale AI challenges. This latest qualification supports businesses in optimizing model training infrastructure.
NetApp (NASDAQ: NTAP) has announced its plan to acquire Instaclustr, a platform providing fully managed open-source database services. This acquisition aims to enhance NetApp's cloud operations platform by integrating management, monitoring, and optimization for storage and data services. The deal is contingent upon standard closing conditions and marks another strategic move in NetApp's expansion of its best-of-suite CloudOps platform, previously bolstered by acquisitions like Spot and CloudCheckr.
NetApp and Cisco unveiled FlexPod XCS, a platform enhancing hybrid cloud connectivity and automation for modern applications. FlexPod XCS integrates with leading cloud providers, offering operational flexibility through a pay-as-you-grow model. Key features include enhanced visibility via Cisco Intersight, comprehensive automation, and tailored cost structures. This innovation aims to streamline IT operations and modernize cloud services, reinforcing NetApp's and Cisco's commitment to delivering robust data management solutions.
NetApp, a cloud-led, data-centric software company, will host an investor day on March 22, 2022, from 8:30 a.m. to 11:45 a.m. Eastern Time. Interested participants can join via a live video Webcast available on the investors.netapp.com site, with a replay available after the event. Attendees wishing to participate in person must pre-register by contacting Billie Fagenstrom.
NetApp specializes in enabling businesses to optimize their data across cloud and on-premises environments.
NetApp (NASDAQ: NTAP) will participate in the Morgan Stanley TMT Conference on March 7, 2022, from 10:20 to 10:50 a.m. Pacific Time. CEO George Kurian will lead a fireside chat during the event. A live audio Webcast will be available at investors.netapp.com, with an archive accessible post-conference. Known for its cloud-led, data-centric approach, NetApp specializes in maximizing data utility for businesses across various environments and public clouds.
NetApp (NASDAQ: NTAP) has announced its acquisition of Fylamynt, a CloudOps automation technology company. The deal aims to enhance cloud operations for organizations by offering low-code, no-code automation solutions. Though financial details remain undisclosed, this acquisition is projected to integrate seamlessly with NetApp's existing services, particularly Spot by NetApp. NetApp has previously expanded its CloudOps portfolio through strategic acquisitions, strengthening its leadership in this space. The collaboration with Fylamynt is expected to optimize cloud operations while reducing costs for customers.
NetApp reported a strong third quarter for fiscal year 2022, with net revenues reaching $1.61 billion, up 10% year-over-year. Public Cloud annualized revenue run rate surged 98% to $469 million. Product revenue increased 9% to $846 million, marking the fourth consecutive quarter of growth. The company returned $236 million to shareholders. GAAP net income hit $252 million, with EPS at $1.10. For Q4, net revenues are expected between $1.635 billion and $1.735 billion, with EPS guidance at $0.90 - $1.00.
NetApp (NASDAQ: NTAP) will announce its third-quarter fiscal results for 2022 on February 23, 2022, after market close. The results will detail the performance up to January 28, 2022. Following the announcement, executive management will lead a conference call at 2:00 p.m. Pacific Time to discuss the outcomes and market dynamics. Upcoming targeted release dates for future financial results include Q4 FY 2022 on June 1, 2022, Q1 FY 2023 on August 24, 2022, Q2 FY 2023 on November 29, 2022, and Q3 FY 2023 on February 22, 2023.
NetApp has appointed Elizabeth O’Callahan as its new Chief Legal Officer and General Counsel, previously serving as Senior Vice President. This change aims to enhance the company’s focus on its cloud transformation and growth strategy. O’Callahan's appointment allows Matt Fawcett to concentrate solely on strategy as Chief Strategy Officer. NetApp reports strong growth in its Public Cloud business, exceeding expectations for six consecutive quarters, particularly in Azure NetApp Files, Spot, and Cloud Insights.
NetApp (NASDAQ: NTAP) has announced that its ONTAP platform is the first enterprise storage system to achieve Commercial Solutions for Classified (CSfC) validation for data-at-rest security. This recognition by the U.S. National Security Agency emphasizes ONTAP's robust capabilities in protecting sensitive data against threats like ransomware. As cyber attacks increase, organizations can now store top-secret data confidently, benefiting from easier procurement processes and cost savings. NetApp aims to bolster cybersecurity across industries relying on secure data management.