Netapp Inc Stock Price, News & Analysis

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.

NetApp (NTAP) has announced a strategic leadership evolution with the appointment of Beth O'Callahan to the newly created position of Chief Administrative Officer (CAO), effective March 3. O'Callahan, who currently serves as Chief Legal Officer (CLO), will expand her responsibilities beyond Legal, Compliance, Government Relations, and Sustainability to include Human Resources, Workplace Experience, and Corporate Communications.

The reorganization aims to enhance focus, strengthen collaboration, and drive execution across the business by unifying critical functions under single leadership. O'Callahan, who joined NetApp in 2013, will maintain her role as Corporate Secretary. She has received multiple recognitions including the National Diversity Council's Leadership Excellence in Technology Award and serves on the Board of Directors for Bay Scholars and the Law Foundation of Silicon Valley.

NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, has announced its participation in two upcoming technology conferences. Mike Berry, EVP, Finance and CFO, will participate in a fireside chat at the Raymond James Investor Conference on March 3, 2025, from 8:05 to 8:35 a.m. Eastern Time. Additionally, CEO George Kurian will present at the Morgan Stanley TMT Conference on March 4, 2025, from 8:30 to 9:05 p.m. Pacific Time.

Live audio webcasts of both presentations will be made available to investors through the company's investor relations website at investors.netapp.com following the conferences.

NetApp (NTAP) has announced significant updates to its enterprise storage portfolio, introducing three new ASA A-Series systems (A20, A30, and A50) designed for block storage workloads. Starting at $25K, these systems offer 30-50% lower upfront costs compared to competitors and up to 97% lower power consumption.

The new systems provide simplified storage deployment, common management workflows across NAS and SAN environments, and built-in business continuity with a 99.9999% data availability guarantee. NetApp also announced upcoming ONTAP Autonomous Ransomware Protection with AI for Block storage and launched a Ransomware Detection Program offering free initial recovery assistance for certain attacks.

These solutions aim to help organizations modernize their IT operations with efficient, scalable storage solutions that can be deployed in minutes and provisioned in seconds, suitable for various deployments including remote offices and mission-critical applications like databases and virtual machines.

NetApp (NASDAQ: NTAP) has announced it will release its third quarter fiscal year 2025 financial results on Thursday, February 27, 2025, after market close. The company will host a conference call and webcast at 2:30 p.m. Pacific Time, where executive management will discuss the quarterly results and provide market insights.

The webcast will be accessible through investors.netapp.com, with login recommended 15 minutes before start time. An audio replay will be available after 4:30 p.m. Pacific Time.

The company has also outlined future earnings release dates: Q4 FY2025 on May 29, 2025; Q1 FY2026 on August 27, 2025; Q2 FY2026 on November 25, 2025; and Q3 FY2025 on February 26, 2026.

NetApp (NASDAQ: NTAP) has achieved validation of its near-term science-based emissions reduction targets by the Science-Based Targets initiative (SBTi). The company commits to reduce absolute scope 1 and 2 GHG emissions by 50.8% by FY2030 from a FY2020 base year, and scope 3 GHG emissions from sold products by 51.6% per effective petabytes shipped by FY2030 from a FY2023 base year.

The company has already demonstrated progress, reducing scope 1 and 2 emissions by 37% compared to its 2020 baseline, as reported in their FY24 ESG Impact Report. SBTi has classified NetApp's scope 1 and 2 target ambition as aligned with a 1.5°C trajectory.

To support customers' sustainability goals, NetApp offers a BlueXP sustainability dashboard providing AIOps-enabled reporting and scoring with actionable insights to improve sustainability performance and reduce costs.