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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NetApp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NetApp's position in the market.
Rhea-AI Summary
Aston Martin Aramco Formula One® Team and NetApp® (NASDAQ: NTAP) renew their partnership, with NetApp designated as the team’s Global Data Infrastructure Partner. The partnership has been successful in empowering the racing team to use NetApp’s storage technology to optimize its performance, leading to eight top-three finishes in 2023. Data gives Formula One® drivers and their support teams the insights they need to make the right decisions to optimize their race performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
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Rhea-AI Summary
NetApp (NTAP) will announce financial results for the third quarter of fiscal year 2024 on February 29, 2024. The live webcast call can be accessed at investors.netapp.com. NetApp's future targeted release dates for financial results are Q4 FY 2024: May 30, 2024, Q1 FY 2025: August 28, 2024, Q2 FY 2025: November 26, 2024, and Q3 FY 2025: February 27, 2025.
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Rhea-AI Sentiment
End-of-Day
0.45%
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NetApp (NTAP) appoints Riccardo Di Blasio as Senior Vice President of North America Sales, bringing over 25 years of experience in enterprise sales and AI technologies. Di Blasio will lead direct sales, channel sales, and demand generation teams, aligning business objectives with customer needs.
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End-of-Day
-0.29%
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NetApp (NTAP) to participate in fireside chats at UBS TMT, Raymond James TMT, and NASDAQ London Conferences. Presentations by VP Phil Brotherton and EVP Mike Berry to be available via live audio webcasts and archives on investors.netapp.com.
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Rhea-AI Sentiment
End-of-Day
-0.12%
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NetApp (NTAP) collaborates with AWS to announce scale-out FSx for ONTAP file systems, offering up to nine times higher storage performance. Customers can use ONTAP's data management features for various workloads, including high-performance computing, electronic design automation, visual effects, life sciences, and machine learning. The enhancements provide multi-protocol access to data, point-in-time and space-efficient Snapshot copies, replication for data protection, thin cloning, data tiering, deduplication, and compression. The scale-out file systems deliver up to 36GB per second of throughput and 1.2 million SSD IOPS, a nine times improvement in performance. The capabilities are now available in select AWS regions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.63%
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NetApp (NASDAQ: NTAP) reported net revenues of $1.56 billion for the second quarter of fiscal year 2024. The company introduced substantial innovation, including the ASA C-Series, extension of the Ransomware Recovery Guarantee, and performance and availability guarantees for NetApp Keystone storage as a service. Record Q2 GAAP consolidated gross margins of 71%; record non-GAAP consolidated gross margins of 72%. Q2 GAAP operating margins of 20%; record non-GAAP operating margins of 27%. Q2 GAAP net income per share of $1.10; record non-GAAP net income per share of $1.58. $403 million returned to stockholders in share repurchases and cash dividends in Q2.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.63%
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Rhea-AI Summary
NetApp (NASDAQ: NTAP) Announces Anders Gustafsson as New Board Member, Adding Strong Leadership and Cloud Expertise. The global, cloud-led, data-centric software company, NetApp, has appointed Anders Gustafsson, executive chair of Zebra Technologies, to its Board of Directors. Gustafsson's extensive experience in technology, cloud services, and strategic planning will benefit NetApp's innovation agenda and growth. With nine independent directors and 30% appointed in the last five years, the board now has ten members.
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Rhea-AI Sentiment
End-of-Day
0.36%
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NetApp (NASDAQ: NTAP) renews collaboration with Microsoft to expand Azure NetApp Files, NetApp BlueXP, and Cloud Volumes ONTAP portfolio with CloudOps solutions, delivering industry-leading cloud storage and infrastructure operations. The collaboration brings innovations for cloud storage with Azure NetApp Files, NetApp BlueXP, and Cloud Volumes ONTAP, as well as CloudOps solutions from Spot by NetApp, all based on NetApp and Microsoft technologies. The solutions offer seamless integration, performance, data management capabilities, enterprise-grade data protection, disaster recovery architectures, cloud flexibility, and scalability. Spot by NetApp portfolio for CloudOps on Azure brings new solutions to market, leveraging AI/ML-driven automation to deliver continuous optimization of all Azure compute with increased efficiency and vastly reduced operational complexity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
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NetApp announces NetApp StorageGRID for VMware Sovereign Cloud, enabling sovereign cloud customers to store and protect unstructured data while complying with data privacy regulations. The integration delivers StorageGRID services within the VMware Cloud Director user interface, providing seamless object storage solutions. NetApp also collaborates with VMware to modernize API integrations between NetApp ONTAP and VMware vSphere, simplifying data management across multi-tenant environments.
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Rhea-AI Sentiment
End-of-Day
-0.29%
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NetApp announces a new bundled virtualization solution targeting small and medium businesses. The solution uses VMware vSphere 8 software, Fujitsu PRIMERGY Servers, and NetApp all-flash storage systems. It aims to simplify and accelerate the management of traditional and modern applications for SMBs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
NetApp, Inc
Nasdaq:NTAP
NTAP Rankings
NTAP Stock Data
21.08B
205.32M
0.32%
95.19%
2.51%
Computer Storage Device Manufacturing
Manufacturing
United States of America
SAN JOSE
About NTAP
NetApp, Inc. is an American hybrid cloud data services and data management company. NetApp offers cloud data services for management of applications and data both online and physically. n addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services.