L'intérêt à découvert pour NetApp donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de NetApp. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

NetApp (NASDAQ:NTAP) Stock, Rapport sur les intérêts à découvert

NetApp

NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.

NetApp Inc

NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) reported its second-quarter results after Thursday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/11/b42123040/netapp-reports-second-quarter-of-fiscal-year-2025-results">details from the report. </a>
The Details: NetApp reported quarterly earnings of $1.87 per share, which beat the analyst consensus estimate of $1.78. Quarterly revenue came in at $1.65 billion, which beat the analyst consensus estimate of $1.64 billion and is an increase over revenue of $1.56 billion from the same period last year.
The company reported: 
<ul>
<li>Hybrid Cloud segment revenue of $1.49 billion, compared to $1.41 billion in the second quarter of fiscal year 2024. Public Cloud segment revenue of $168 million, compared to $154 million in the second quarter of fiscal year 2024.</li>
<li>Billings of $1.59 billion, compared to $1.45 billion in the second quarter of fiscal year 2024, a year-over-year increase of 9%.</li>
<li>Record all-flash array annualized net revenue run rate of $3.8 billion, an increase of 19% year-over-year.</li>
<li>First party and marketplace cloud storage services revenue grew approximately 43% year-over-year.</li>
<li>Record second quarter non-GAAP operating margin of 29%. </li>
<li>Returned $406 million to stockholders through share repurchases and cash dividends. </li>
</ul>
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&#8220;Our strong Q2 performance was driven by another record-breaking quarter in all-flash storage and strong performance in first party and marketplace cloud storage services,&#8221; said George Kurian, CEO of NetApp. 
&#8220;Broad-based customer preference for our intelligent data infrastructure platform and visionary approach for a data-driven future has enabled us to outgrow the market and take share from competitors. Our focus and momentum fuel my confidence in our ability to deliver outstanding results for customers and shareholders,&#8221; Kurian added. 
NTAP Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, NetApp shares are up 4.16% after-hours at $131.95 at the time of publication Thursday. 
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</ul>
Photo: Courtesy of NetApp, Inc.

Earnings

News

After-Hours Center

Movers

Tech

NTAP

NetApp Stock Climbs After Better-Than-Expected Q2 Results

WIIM

NetApp shares are trading higher following better-than-expected Q2 financial results.

Guidance

NetApp Sees Q3 FY25 Revenue $1.61B-$1.76B, GAAP EPS $1.41-$1.51, Non-GAAP EPS $1.85-$1.95; Sees FY25 Revenue $6.54B-$6.74B, GAAP EPS $5.48-$5.68, Non-GAAP EPS $7.20-$7.40

NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) reported quarterly earnings of $1.87 per share which beat the analyst consensus estimate of $1.78 by 5.06 percent. The company reported quarterly sales of $1.658 billion which beat the analyst consensus estimate of $1.645 billion by 0.79 percent. This is a 6.15 percent increase over sales of $1.562 billion the same period last year.

Earnings Beats

NetApp Q2 2025 Adj. EPS $1.87 Beats $1.78 Estimate, Sales $1.658B Beat $1.645B Estimate

Wall Street witnessed a positive momentum on Thursday as investor risk appetite remained resilient despite escalating geopolitical tensions in Europe. The market brushed off concerns following a Russian missile strike on a Ukrainian military facility overnight, which came in response to Ukrainian missile <a href="https://www.benzinga.com/24/11/42113449/natural-gas-prices-spike-to-over-1-year-highs-oil-surges-to-70-as-russia-fires-intercontinental-ballistic-missile-to-ukraine">attacks earlier this week. </a>
Russian President Vladimir Putin, in a televised address on Thursday, stated that after the use of long-range missiles from Ukraine, &#8220;the regional conflict gained elements of global one.&#8221;
Major U.S. indices traded higher by midday trading in New York, with standout performances among blue-chip stocks and small-cap equities. 
The Dow Jones Industrial Average surged 500 points, reaching 43,965, marking a 1.3% gain and its strongest session in over two weeks.
The Russell 2000 outperformed with a 1.7% jump, setting up its best day since the post-election rally. 
In contrast, the Nasdaq 100 lagged slightly, rising 0.5%. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), despite higher-than-expected earnings, failed to spark broader optimism in the tech sector. Meanwhile, shares of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) tumbled nearly 6% after the Department of Justice (DOJ) mandated the sale of Google Chrome aimed at curbing Google&#8217;s dominant position in search and digital advertising.
Geopolitical uncertainties drove strong gains in the commodities market. <a href="https://www.benzinga.com/news/global/24/11/42118286/7-us-natural-gas-stocks-to-watch-as-henry-hub-prices-surge-50-in-november">Natural gas Henry Hub prices </a>soared 5%, bringing year-to-date gains to over 50% and marking the best monthly performance since July 2022. Crude oil prices also climbed 0.9%, supported by supply concerns.
Gold extended its winning streak, rising 0.7% for its fourth consecutive session of gains as investors sought safe-haven assets.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued its rally, rising over 3% and hitting an intraday high of $98,367. The largest cryptocurrency now hovers tantalizingly close to the $100,000 milestone. 
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,365.25</td>
<td>1.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,965.39</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,949.37</td>
<td>0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,739.86</td>
<td>0.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.6% to $593.78.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.3% to $439.81.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.3% to $504.89.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 1.7% to $234.91.</li>
<li>The&nbsp;Financial Sector Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, rising 1.6%. The&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 0.5%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Nvidia Corp. fell 0.6% despite surpassing Street&#8217;s consensus estimates on both earnings per share and revenue during the third quarter. Analysts have raised price targets with Wedbush at $175, Baird at $195 and Barclays at $160.</li>
<li>Despite the dismal reaction by Nvidia, semiconductor stocks, as tracked by the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) rose 1.9%. Major gainers on Thursday were Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), up 4.7%; Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), up 3.9% and Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), up 3.7%.</li>
<li>PDD Holdings Inc. &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) tumbled nearly 10% after missing earnings and revenue estimates.</li>
<li>Other stocks reacting to earnings included Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), up 8.8%; Warner Music Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>), down 8%; Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), up 1.4% and Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), up 32%.</li>
<li>Companies slated to report their earnings after the close include Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>), Ross Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROSS#NASDAQ">ROSS</a>) and NetApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>). </li>
</ul>
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</ul>
Photo: Shutterstock

Large Cap

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Specialty ETFs

Eurozone

Commodities

Small Cap

Global

Economics

ETFs

$BTC

AMAT

CPRT

SPDR Dow Jones Industrial Average ETF Trust

GOOG

GOOGL

INTU

MRVL

NVDA

PANW

Citigourp Global Markets 2% Protected Notes Linked To The Djia

ROSS

SNOW

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Small Caps Rally, Alphabet Plummets, Bitcoin Flirts With $100,000: What's Driving Markets Thursday?

<h3>Companies Reporting Before The Bell</h3>
• Vestis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) is likely to report quarterly earnings at $0.13 per share on revenue of $690.99 million. 
• Nano X Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNOX#NASDAQ">NNOX</a>) is expected to report quarterly loss at $0.15 per share on revenue of $3.53 million. 
• Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $1.60 billion. 
• Construction Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) is estimated to report quarterly earnings at $0.57 per share on revenue of $538.05 million. 
• Cerence (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) is projected to report quarterly loss at $0.38 per share on revenue of $47.65 million. 
• BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $5.11 billion. 
• Ituran Location &amp; Control (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRN#NASDAQ">ITRN</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $85.44 million. 
• Baozun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) is projected to report earnings for its third quarter. 
• Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $316.23 million. 
• Atkore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATKR#NYSE">ATKR</a>) is projected to report quarterly earnings at $2.47 per share on revenue of $748.32 million. 
• iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $1.02 billion. 
• GreenTree Hospitality Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHG#NYSE">GHG</a>) is likely to report earnings for its third quarter. 
• PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) is projected to report quarterly earnings at $2.82 per share on revenue of $14.47 billion. 
• Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) is projected to report quarterly earnings at $3.87 per share on revenue of $9.35 billion. 
• KE Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $3.23 billion. 
• Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is expected to report quarterly earnings at $2.35 per share on revenue of $4.69 billion. 
• Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) is likely to report earnings for its third quarter. 
• Evogene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGN#NASDAQ">EVGN</a>) is projected to report quarterly loss at $1.01 per share on revenue of $2.85 million. 
• Lotus Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) is expected to report earnings for its third quarter. 
• RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) is projected to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $1.10 billion. 
• UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is likely to report quarterly loss at $0.29 per share on revenue of $1.65 billion. 
• Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $440.46 million. 
• Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $3.81 billion. 
• Logility Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGTY#NASDAQ">LGTY</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $25.93 million. 
• Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $354.28 million. 
• Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) is estimated to report quarterly earnings at $1.40 per share on revenue of $5.15 billion. 
• NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is estimated to report quarterly earnings at $1.78 per share on revenue of $1.64 billion. 
• Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) is estimated to report quarterly earnings at $2.36 per share on revenue of $3.14 billion. 
• Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) is projected to report earnings for its fourth quarter. 
• Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) is expected to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATKR

BEKE

BIDU

BZUN

CRNC

ESTC

EVGN

GEOS

ITRN

LGTY

MATW

NGVC

NNOX

REAL

ROAD

ROST

SCVL

VSTS

Earnings Scheduled For November 21, 2024

NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is gearing up to announce its quarterly earnings on Thursday, 2024-11-21. Here's a quick overview of what investors should know before the release.
Analysts are estimating that NetApp will report an earnings per share (EPS) of $1.78.
Anticipation surrounds NetApp's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Performance in Previous Earnings</h3>
The company's EPS beat by $0.11 in the last quarter, leading to a 9.64% drop in the share price on the following day.
Here's a look at NetApp's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.45</td>
<td>1.78</td>
<td>1.69</td>
<td>1.39</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.56</td>
<td>1.80</td>
<td>1.94</td>
<td>1.58</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-10.0%</td>
<td>3.0%</td>
<td>18.0%</td>
<td>15.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1732111311_0.png" alt="eps graph" />
<h3>Market Performance of NetApp's Stock</h3>
Shares of NetApp were trading at $122.2 as of November 19. Over the last 52-week period, shares are up 55.99%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Take on NetApp</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on NetApp.
A total of 8 analyst ratings have been received for NetApp, with the consensus rating being Neutral. The average one-year price target stands at $134.38, suggesting a potential 9.97% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Western Digital, Hewlett Packard and Super Micro Computer, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>Western Digital is maintaining an Buy status according to analysts, with an average 1-year price target of $91.55, indicating a potential 25.08% downside.</li>
<li>For Hewlett Packard, analysts project an Neutral trajectory, with an average 1-year price target of $21.82, indicating a potential 82.14% downside.</li>
<li>The consensus among analysts is an Neutral trajectory for Super Micro Computer, with an average 1-year price target of $386.25, indicating a potential 216.08% upside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
In the peer analysis summary, key metrics for Western Digital, Hewlett Packard and Super Micro Computer are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>NetApp</td>
<td>Neutral</td>
<td>7.61%</td>
<td>$1.10B</td>
<td>23.90%</td>
</tr>
<tr>
<td>Western Digital</td>
<td>Buy</td>
<td>48.91%</td>
<td>$1.55B</td>
<td>4.28%</td>
</tr>
<tr>
<td>Hewlett Packard</td>
<td>Neutral</td>
<td>10.11%</td>
<td>$2.44B</td>
<td>2.34%</td>
</tr>
<tr>
<td>Super Micro Computer</td>
<td>Neutral</td>
<td>37.87%</td>
<td>$597.37M</td>
<td>6.68%</td>
</tr>
</tbody>
</table>

Key Takeaway:
NetApp ranks in the middle among its peers for revenue growth, with one peer showing significantly higher growth. NetApp's gross profit is higher than two peers but lower than one. NetApp's return on equity is the highest among its peers.
<h3>About NetApp</h3>
NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.
<h3>Unraveling the Financial Story of NetApp</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: NetApp's remarkable performance in 3 months is evident. As of 31 July, 2024, the company achieved an impressive revenue growth rate of 7.61%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 16.09%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): NetApp's ROE stands out, surpassing industry averages. With an impressive ROE of 23.9%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): NetApp's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.58%, the company showcases efficient use of assets and strong financial health.
Debt Management: NetApp's debt-to-equity ratio surpasses industry norms, standing at 2.85. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<a href="https://www.benzinga.com/quote/NTAP/earnings">To track all earnings releases for NetApp visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What to Expect from NetApp's Earnings

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Evercore ISI Group analyst Eric Boyes initiated coverage on Axalta Coating Systems Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXTA#NYSE">AXTA</a>) with an Outperform rating and announced a price target of $47. Axalta Coating shares closed at $39.60 on Tuesday. <a href="https://www.benzinga.com/quote/AXTA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer analyst Param Singh initiated coverage on NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Perform rating. NetApp shares closed at $120.92 on Tuesday. <a href="https://www.benzinga.com/quote/NTA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark analyst Josh Sullivan initiated coverage on Airship AI Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AISP#NASDAQ">AISP</a>) with a Buy rating and announced a price target of $6. Airship AI shares closed at $3.07 on Tuesday. <a href="https://www.benzinga.com/quote/AISP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital analyst Brad Erickson initiated coverage on Jumia Technologies AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) with a Sector Perform rating and announced a price target of $5. Jumia Technologies shares closed at $4.01 on Tuesday. <a href="https://www.benzinga.com/quote/JMIA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer analyst Param Singh initiated coverage on Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) with an Outperform rating and announced a price target of $80. Nutanix shares closed at $72.24 on Tuesday. <a href="https://www.benzinga.com/quote/NTNX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying NTNX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="551" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13083309/image-133-1024x551.png" alt="" class="wp-image-645252" style="width:658px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13083309/image-133-1024x551.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13083309/image-133-300x161.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13083309/image-133-768x413.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13083309/image-133.png 1246w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41929909/dow-sp-decline-ahead-of-key-inflation-data-tesla-trump-media-slides-fear-index-remains-in-greed-zone">Dow, S&amp;P Decline Ahead Of Key Inflation Data, Tesla, Trump Media Slides: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Initiation

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

AISP

AXTA

JMIA

NTNX

This Nutanix Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

Throughout the last three months, 8 analysts have evaluated NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $134.38, a high estimate of $155.00, and a low estimate of $110.00. This current average reflects an increase of 5.19% from the previous average price target of $127.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1731499232_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive NetApp. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ananda Baruah</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$140.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$147.00</td>
<td>$146.00</td>
</tr>
<tr>
<td>Tim Long</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$119.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>David Vogt</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$134.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Wamsi Mohan</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$110.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Matt Bryson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$120.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Mehdi Hosseini</td>
<td>Susquehanna</td>
<td>Maintains</td>
<td>Positive</td>
<td>$155.00</td>
<td>$155.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to NetApp. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of NetApp compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for NetApp's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into NetApp's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/NTAP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on NetApp analyst ratings.</a>
<h2>Discovering NetApp: A Closer Look</h2>
NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.
<h3>NetApp: A Financial Overview</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, NetApp showcased positive performance, achieving a revenue growth rate of 7.61% as of 31 July, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: NetApp's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 16.09%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 23.9%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.58%, the company showcases effective utilization of assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.85, caution is advised due to increased financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

8 Analysts Assess NetApp: What You Need To Know

Oppenheimer analyst Param Singh initiates coverage on NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Perform rating.

Oppenheimer Initiates Coverage On NetApp with Perform Rating

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Next Technology Holding Inc. - Ordinary Shares

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Shares of companies within the broader technology sector are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>). &#8220;I like it <a href="https://www.benzinga.com/news/earnings/24/10/41503326/lam-research-stock-climbs-after-better-than-expected-q1-results-details">very much here,&#8221; he added.</a>
On Oct. 23, Lam Research reported quarterly earnings of 86 cents per share, which beat the analyst consensus estimate of 80 cents. Quarterly revenue came in at $4.17 billion, which beat the analyst consensus estimate of $4.051 billion and is an increase over sales of $3.482 billion from the same period last year.
When asked about Suncor Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>), he said, &#8220;No shots are being given in this industry, I can't do that.&#8221;
Suncor Energy will release its third-quarter financial results on Nov. 12.
Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) is a &#8220;short squeeze,&#8221; Cramer said. &#8220;I'm getting tired of the short squeezes.&#8221;
The company recently announced that the U.S. Department of Energy approved a design report for its Aurora fuel fabrication facility.
&#8220;I think you're ok for now,&#8221; Cramer said when asked about Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>).
On Oct. 25, Joby Aviation priced its $202 million public offering of 40 million common shares at $5.05 per share.
The &#8220;Mad Money&#8221; host said he would &#8220;avoid&#8221; QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>).
On Oct. 23, QuantumScape reported a quarterly loss of 23 cents per share which met the analyst consensus estimate.
NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is a &#8220;good&#8221; company, Cramer said. &#8220;I'm all in.&#8221;
On Oct. 1, NetApp reported the expansion of its strategic partnership with Google Cloud.
Price Action:
<ul>
<li>Lam Research shares fell 2.9% to settle at $75.45 on Monday.</li>
<li>Suncor Energy shares declined 1.3% to close at $38.47.</li>
<li>Oklo shares rose 28.9% to settle at $24.50 during the session.</li>
<li>Joby Aviation shares gained 2.1% to settle at $5.27 on Monday.</li>
<li>QuantumScape shares fell 8.1% to close at $5.69 during the session.</li>
<li>NetApp shares gained 0.8% to settle at $120.41 on Monday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41574887/top-3-industrials-care-stocks-that-plunge-this-month">Top 3 Industrials Care Stocks That Plunge This Month</a></li>
</ul>

Media

JOBY

LRCX

OKLO

Jim Cramer: 'Avoid' This Consumer Cyclical Stock, Buy Lam Research

The artificial intelligence (AI) boom has been underway throughout 2024 despite many legacy technologies still undergoing normalization after a fantastic post-pandemic reopening surge in 2021. The acceleration of AI deployment is helping to lift legacy technologies like cloud computing, virtualization, networking, and hard disk drives (HDDs) as enterprises work through the inventory glut. Here are two computer and technology sector stocks that are gaining from AI demand and seeing their cloud computing and legacy businesses accelerate again.
<h2>Ciena: Cloud Providers Are Leading the AI Infrastructure Buildout &nbsp;</h2>
As a legacy technology company, Ciena Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cien#NYSE">CIEN</a>) is well known for helping build out the internet with its optical fiber and networking solutions. AI requires fast connectivity to transfer oceans of data. Ciena&#39;s products are essential for AI deployment, and data centers are a top customer. Ciena&#39;s optical transceivers enable data to be transmitted long distances at the speed of light, literally using light signals for low latency. Data center interconnect (DCI) expands beyond just within a data center but enables data to swiftly pass beyond to AI platforms, connecting multiple data centers and cloud providers.
<h3>Connecting the Cloud Giants and AI Platforms</h3>
Ciena&#39;s customers include some of the largest cloud providers like Alphabet Inc.&#39;s Google Cloud as they build out their networks to fortify capacity for the exponential growth of AI data traffic. The growth in cloud computing has enabled cloud providers to generate nearly 30% of Ciena&#39;s total revenues driven by DCI business. Enterprises are not just putting all their eggs into a single basket but instead spreading out their infrastructure to include multiple clouds and cloud providers. Ciena is a major benefactor of this trend.
<h3>Networking Platforms Grow as a Percentage of Total Revenue</h3>
Ciena impressed investors and analysts alike with its fiscal third quarter 2024 earnings report. Its Networking Platforms segment revenues rose to 74.2% of total revenue at $699.5 million. Its book-to-bill ratio exceeded one, indicating more demand than it can fulfill. Cloud providers largely drove order flow as they led the charge to build out their networks. Cloud provider infrastructure buildout includes undersea cables, long-haul routes, and data center connectivity.
The company expects fiscal fourth-quarter revenue of around $1.06 billion to $1.4 billion, which was in line with consensus estimates. The long-term compound annual growth rate (CAGR) is in the 6% to 8% range, with fiscal 2024 revenues expected to be around $4 billion.
<h2>NetApp: Riding the Hybrid Multicloud Tailwind</h2>
NetApp Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntap#NASDAQ">NTAP</a>) provides hybrid cloud and data infrastructure software and hardware solutions. These enable companies to access and manage their data securely across all environments, such as viewing through a single pane of glass. NetApp is native to all the major cloud providers. It lets companies set up on-premise and private clouds for sensitive data and mission-critical applications and in public clouds for routine data and application management. From servers to all-flash data storage arrays, NetApp is a one-stop shop for digital transformation and cloud migration.
<h3>AI Deployment Is Revitalizing Cloud Growth</h3>
In its fiscal first quarter of 2025, NetApp reported a record non-GAAP operating margin of 26% and a record first-quarter net income of $1.56. Its first-party and marketplace cloud storage services revenues rose 40% year over year. Its Hybrid Cloud division generated $1.38 billion in revenue, up from $1.28 billion in the year-ago period. Its Public Cloud division generated $159 million in revenue, up from $154 million last year. NetApp has $3.02 billion in cash and cash equivalents.
<h3>NetApp Is Winning More Contracts and Logos&nbsp;</h3>
NetApp has won more than 50 AI and data lake modernization wins, including one of the world&#39;s largest oil and gas companies, for its AI and high-performance computing (HPC) workloads. Its all-flash storage was selected to handle its 40,000 GPUs and CPU cores, which run 3D virtualization workloads and simulations.
Another leading financial services institution selected NetApp to consolidate petabytes of data into a single data lake for AI and analytics. These workloads range from fraud detection and portfolio management to credit scoring.
<h3>More Upside to Come as NetApp Issues Upside Guidance</h3>
NetApp provided upside guidance for its fiscal second quarter of 2025, with EPS of $1.73 to $1.83 versus $1.71 consensus estimates.
Revenues are expected between $1.565 and $1.715 billion versus $1.63 billion consensus estimates.
Its fiscal full-year 2025 EPS was guided to $7.00 to $7.20 versus $6.89 consensus estimates.
Full-year revenue is expected between $6.48 billion and $6.68 billion versus $6.55 billion estimates.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/2-stocks-riding-the-recovery-in-cloud-computing-driven-by-ai/">2 Stocks Riding the Recovery in Cloud Computing Driven by AI</a>&quot; first appeared on MarketBeat.

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CIEN

2 Stocks Riding the Recovery in Cloud Computing Driven by AI

Seagate Technology Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) is a leading provider of data storage technology and infrastructure solutions.
Seagate reported revenues of $6.55 billion in fiscal 2024. In the fiscal fourth quarter of 2024, non-GAAP revenues of $1.89 billion beat the Zacks Consensus Estimate by 1.5%. The figure increased 18% on a year-over-year basis and 14% sequentially driven by growing demand for mass capacity solutions. Management projected revenues to be $1.85 billion (+/- $150 million) for the fiscal fourth quarter.
<h2>STX Witnesses Solid Demand for Mass Capacity</h2>
Seagate is witnessing mass capacity demand improvement with nearline cloud demand picking up pace. In the last reported quarter, mass capacity revenues surged 46% year over year to $1.44 billion, owing to stronger global cloud demand. Sequentially, mass capacity revenues were up 22%.
Strengthening the global cloud demand environment is fueling demand for nearline capacity demand. In the last reported quarter, nearline cloud revenues more than doubled year over year, owing to higher traditional cloud computing workloads and new AI deployments. STX expects this momentum to continue in fiscal 2025.
Also, cloud service providers are focusing more on the development of AI applications while building cloud infrastructure. This includes training of large language models and expansion of the entire hardware stack to cushion generative AI content-driven growth. Seagate believes HDDs will play a key role in enabling these stages of the AI adoption curve and expects HDD demand to pick up pace going ahead.
Seagate&#39;s launch of the Mozaic 3+ hard drive platform, featuring Heat-Assisted Magnetic Recording (HAMR) technology, is also expected to aid in capturing a greater share in the market of mass capacity storage solutions.
Seagate expects HAMR to aid in exploiting megatrends like AI and machine learning, which will drive long-term demand for cost-effective mass-capacity storage solutions. The company has completed multiple qualifications for its 24TB CMR / 28TB SMR drives. It expects to begin volume shipments in the first quarter of fiscal 2025.
<h2>STX&#39;s Mass Capacity Exabyte Shipments</h2>
Mass capacity exabyte shipments represent more than 90% of total exabyte shipments. In the last reported quarter, the company shipped 103.9 exabytes for the mass-capacity storage market (including nearline, video and image applications and network-attached storage). This recorded a year-over-year increase of 38% in exabyte shipments and 17% sequentially.
<h2>STX&#39;s Robust Outlook</h2>
Driven by incremental improvements in mass-capacity demand, management anticipates first-quarter fiscal 2025 revenues to be $2.10 billion (+/- $150 million). 
Gross margin is expected to benefit from a higher mix of mass-capacity revenues and ongoing pricing actions. Non-GAAP earnings for the fiscal first quarter of 2025 are expected to be $1.40 per share (+/- 20 cents).
The non-GAAP operating expenses are expected to be $270 million. At the midpoint of the revenue guidance, management expects the non-GAAP operating margin to grow in the high-teens percentage range of revenues. Management anticipates fiscal 2025 capex to be at or below the low end of its long-term target range of 4-6% of revenues.
However, for VIA, management anticipates sales to fluctuate in the second half of the calendar 2024. Though smart cities are the biggest end-market opportunity, the near-term budget visibility remains blurry amid existing macroeconomic uncertainty.
<h2>STX Needs to Watch Out for Cut-throat Competitive Landscape</h2>
The increasing demand trends offer all players a lucrative opportunity to drive growth thereby resulting in intense competition. Stiff competition can put pricing pressure which can affect margin performance.
Seagate faces tough competition from other players like Western Digital Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wdc#NASDAQ">WDC</a>), NetApp Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntap#NASDAQ">NTAP</a>) and Pure Storage, Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pstg#NYSE">PSTG</a>) in the data storage industry including HDD and SSD manufacturers. It also faces competition from companies engaged in offering storage subsystems, like electronic manufacturing services and contract electronic manufacturing.
Headquartered in San Jose, CA, WDC is a leading developer and manufacturer of data storage devices and solutions based on NAND flash and hard disk drive technologies. Western Digital is well-positioned to gain from continued momentum in its HDD and Flash businesses. In the fiscal fourth quarter of 2024, sales from the Cloud end market climbed 89% year over year due to higher demand for its nearline HDDs and enterprise SSDs, along with improved pricing.
NetApp provides enterprise storage as well as data management software and hardware products and services. It assists enterprises in managing multiple cloud environments, adopting next-generation technologies like artificial intelligence, Kubernetes and contemporary databases, and navigating the complexity brought by the quick development of data and cloud usage. NetApp&#39;s performance is being driven by strong demand for an all-flash portfolio and growth in first-party and marketplace cloud storage services. All-Flash Array Business&#39; annualized ARR was $3.4 billion, up 21% in the first quarter of 2025.
Headquartered in Mountain View, CA, PSTG provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. Pure Storage&#39;s primary offerings are FlashArray and FlashBlade products, which include FlashArray//C, FlashArray//XL, FlashArray File Services, FlashBlade//S and FlashBlade//E. Momentum in its FlashBlade solutions, including FlashBlade//E and subscription-based offerings, is cushioning Pure Storage&#39;s performance. Healthy subscription services revenues (with 25% year-over-year growth in the second-quarter fiscal 2025) are tailwinds. In the last reported quarter, revenues soared 11% year over year and beat the Zacks Consensus Estimate by 1%.
<a href="https://www.zacks.com/stock/news/2348985/will-seagate-continue-to-gain-from-increasing-mass-capacity-demand?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2348985">To read this article on Zacks.com click here.</a>

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Management

Will Seagate Continue to Gain From Increasing Mass Capacity Demand?

NetApp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NYSE">NTAP</a>) short percent of float has risen 21.83% since its last report. The company recently reported that it has 6.47 million shares sold short, which is 4.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>NetApp Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728478821_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NetApp has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing NetApp's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, NetApp's peer group average for short interest as a percentage of float is 6.86%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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(NTAP) - Analyzing NetApp's Short Interest

NetApp Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntap#NASDAQ">NTAP</a>)&nbsp;is an intelligent data infrastructure company that offers data-centric software and networking hardware that enable&nbsp;enterprises&nbsp;to manage and use their data. The&nbsp;computer and technology sector leader provides on-premise and hybrid cloud solutions with all-flash storage, networking gear, observability, cyber resilience,&nbsp;and cybersecurity.
<h2>The Evolution of NetApp: From Data Silos to Intelligent Architecture</h2>
NetApp is considered a legacy company, formerly known as Network Appliances, that has been a pioneer and disruptor riding secular technology trends since 1992. They were the first vendor to unify files and block workloads and structured and unstructured data to reduce silos. NetApp embarked on the hybrid cloud to eliminate silos and provide unified control access across any environment by creating its first data fabric strategy.
NetApp entered the hybrid cloud era as the only vendor natively integrated into all major clouds like AWS from Amazon&nbsp;Inc., Azure from Microsoft Co., and Google Cloud from Alphabet Inc. NetApp has evolved towards an intelligent data infrastructure era, offering silo-free infrastructure that harnesses artificial intelligence (AI) and observability to enable the most optimal data management everywhere.
<h2>NetApp&#39;s Competitive Advantages</h2>
Being an established pioneer in data infrastructure, NetApp has developed various competitive advantages:
Unified Data Management: NetApp offers ONTAP, its proprietary operating system, to manage data across all environments silo-free. A single source of truth to provide a &quot;single pane of glass view&quot; of operations from edge to core to cloud. ONTAP Autonomous Ransomware Protection with AI received a AAA rating from SE Labs, an independent testing company that assesses security products.&nbsp;
Hybrid Multicloud Experience: NetApp is native&nbsp;to all the major&nbsp;public clouds and enables businesses to manage data across different cloud providers, on-premise data centers,&nbsp;and private clouds.
Data Storage Expertise: From all-flash arrays to software-defined storage to cloud data storage solutions, NetApp offers a wide range of storage systems. In 2024, NetApp rolled out its AFF A-series family of high-performance flash arrays capable of powering mission-critical apps and GenAI workloads. NetApp made the Gartner Magic Quadrant for Primary Storage Platforms Leader list for the 12th consecutive year.
<h2>NetApp Is Steady as a Rock in Fiscal Q1 2025</h2>
NetApp reported fiscal first quarter of 2025 EPS of $1.56, beating consensus analyst estimates by 11 cents. Revenues climbed 7.6% YoY to $1.54 billion, beating consensus estimates for $1.53 billion. Billings rose 12% to $1.45 billion, up from $1.30 billion last year. The company ended the quarter with a$3.02 billion in cash and cash equivalents.
<h2>NetApp: Breaking Records Along the Way </h2>
All-flash array annualized net revenue run rate (ARR) rose 21% YoY to $3.4 billion. First-party and marketplace cloud storage services rose 40% YoY. GAAP margins hit a record 18% for the first quarter, and non-GAAP margins achieved a record 26%. Its Keystone storage-as-a-service (SaaS) revenue grew 60% YoY.
<h2>NetApp Issues Upside Guidance, Market Sells the News </h2>
NetApp forecasts fiscal second quarter 2025 EPS of $1.73 to $1.83 versus $1.71 consensus estimates. Revenues are expected between $1.565 billion and $1.715 billion versus $1.63 billion. Fiscal full-year 2025 EPS is expected between $7.00 and $7.20.
CEO George Kurian commented, &quot;The robust growth in our revenue, billings, and profitability reflects the increasing alignment of customer needs with our unique solutions. We believe our highly differentiated intelligent data infrastructure platform, designed for the age of data, positions us to capture the growth potential in flash, block, cloud storage, and AI, promising continued success for our shareholders and customers.&quot;
<h2>NTAP Stock Is Stuck in a Rectangle Trading Channel </h2>
A rectangle channel is comprised of a flat-top upper trendline resistance and a flat-bottom lower trendline support. The stock will ping pong between the two trendlines until it breaks through one side.
<img alt="NetApp NTAP stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240930091426_chartp-ntap.jpg" style="height:752px; width:915px" />
NTAP sold off on its strong earnings report despite raising EPS guidance. NTAP again tested the flat-bottom lower trendline support at the 113.44 level before rebounding and confirming the rectangle trading channel. The earnings gap down formed two gap-fill levels at $130.99 and $126.11. The anchored daily VWAP is flat at $120.31. The daily relative strength index (RSI) peaked, slipping to the 49-band. Fibonacci (Fib) pullback support levels are at $118.86, $113.44, $104.33, and $97.73.
NTAP&#39;s average consensus price target is $129.06, and its highest analyst price target&nbsp;is&nbsp;$155.00. Analysts have given the stock five Buy ratings and 10 Hold ratings.
Actionable Options Strategies: Bullish investors can buy on pullbacks using cash-secured puts at the fib pullback support levels to buy the dip and write covered calls to execute a wheel strategy for income in addition to the 1.70% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/originals/why-netapps-ai-driven-data-solutions-make-it-a-top-tech-stock/">Why NetApp&#39;s AI-Driven Data Solutions Make It a Top Tech Stock</a>&quot; first appeared on MarketBeat.

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Why NetApp's AI-Driven Data Solutions Make It a Top Tech Stock

This integration empowers organizations, especially in the public sector and regulated industries, to leverage AI-ready infrastructure while maintaining high standards for security and strict regulatory compliance.

NetApp Reports Expansion Of Its Strategic Partnership With Google Cloud

Collaboration bolsters generative AI capabilities with advanced data management and secure multicloud networking services for RAG integration
F5 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) and NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) today announced an expanded collaboration to accelerate and streamline enterprise AI capabilities using secure multicloud networking solutions from F5 and NetApp's suite of data management solutions. This collaboration leverages F5 Distributed Cloud Services to streamline the use of large language models (LLMs) across hybrid cloud environments. By integrating F5's secure multicloud networking with NetApp's data management, enterprises can implement Retrieval Augmented Generation (RAG) solutions efficiently and securely, enhancing the performance, security, and utility of their AI systems.
As enterprises increasingly adopt AI technologies, the need for accurate and contextually relevant information becomes crucial—and that's where RAG comes in. RAG is an artificial intelligence technique that combines retrieval-based and generation-based approaches to improve the quality and relevance of responses by securely incorporating relevant, often proprietary, documents or information from a large dataset into the generated answers without exposing them to public large language models. RAG integrates the most recent, relevant data into AI responses. This ensures that AI models can deliver precise and context-specific answers.

F5 And NetApp Announces An Expanded Collaboration To Accelerate And Streamline Enterprise AI Capabilities Using Secure Multicloud Networking Solutions From F5 And NetApp's Suite Of Data Management Solutions

NetApp's end-to-end enterprise AI vision and intelligent ONTAP data infrastructure—combined with powerful NVIDIA NeMo Retriever and NIM microservices—transform how customers discover, search and curate data across hybrid multi-cloud to fuel AI applications
NetApp&#xAE; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), the intelligent data infrastructure company, today unveiled an advanced generative AI data vision and end-to-end integrated solutions that combine NVIDIA AI software and accelerated computing with NetApp intelligent data infrastructure for enterprise retrieval augmented generation (RAG) to power the future of agentic AI applications.
This will bring new capabilities to the NetApp ONTAP unified storage operating system that can leverage a new <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.netapp.com%2Fnewsroom%2Fpress-releases%2Fnews-rel-20240924-943497%2F&amp;esheet=54126360&amp;newsitemid=20240924466639&amp;lan=en-US&amp;anchor=NetApp+global+metadata+namespace&amp;index=1&amp;md5=ef1570577254f5dc715de4a2bb01c44d">NetApp global metadata namespace</a> to unify data stores for the tens of thousands of enterprises that trust NetApp for their data infrastructure. It opens up exabytes of enterprise data stored across clouds and on-premises infrastructure to drive RAG capabilities that can put enterprises' entire data estate to work, accelerating next-generation agentic AI applications.
The solution brings together proven NetApp AIPod architecture with NetApp ONTAP and the NetApp BlueXP unified control plane, with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nvidia.com%2Fen-us%2Fai-data-science%2Fproducts%2Fnemo%2F&amp;esheet=54126360&amp;newsitemid=20240924466639&amp;lan=en-US&amp;anchor=NVIDIA+NeMo+Retriever&amp;index=2&amp;md5=d3208f897b7f0b9d5735b944f3ce9919">NVIDIA NeMo Retriever</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nvidia.com%2Fen-us%2Fai%2F&amp;esheet=54126360&amp;newsitemid=20240924466639&amp;lan=en-US&amp;anchor=NIM+microservices&amp;index=3&amp;md5=58fc0dbe2824fbb832a0d5d3360749b5">NIM microservices</a>, which are part of the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nvidia.com%2Fen-us%2Fdata-center%2Fproducts%2Fai-enterprise%2F&amp;esheet=54126360&amp;newsitemid=20240924466639&amp;lan=en-US&amp;anchor=NVIDIA+AI+Enterprise&amp;index=4&amp;md5=a78b65af21f74b6ba2e5e4437f315d98">NVIDIA AI Enterprise</a> software platform.

NetApp Teams With NVIDIA To Redefine Enterprise Retrieval Augmented Generation And Power Agentic AI

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NetApp Signs Strategic Collaboration Agreement With AWS To Enhance Cloud-Based Data Services, Accelerate Generative AI Efforts, And Drive CloudOps Value

Raises FY25 revenue view to $6.54B-$6.74B from $495.5M-$499.5M, consensus $6.59B. Published first on TheFly – the ultimate source for real-time, ma...

NetApp sees FY25 adjusted EPS $7.20-$7.40, consensus $7.11

Check out this evening's top movers from around Wall Street, compiled by The Fly.&nbsp;&nbsp; HIGHER AFTER EARNINGS – Elastic N.V. (ESTC)&nbsp;up 2...

Closing Bell Movers: Gap jumps 15% after Q3 earnings beat, guidance raise

NetApp Inc ( ($NTAP) ) has released its Q2 earnings. Here is a breakdown of the information NetApp Inc presented to its investors. NetApp Inc, base...

NetApp Inc Sees Strong Financial Growth in Q2 FY2025

NetApp, Inc. 2025 Q2 - Results - Earnings Call Presentation

NetApp, Inc. (NTAP) Q2 2025 Earnings Call Transcript

Barclays raised the firm's price target on NetApp (NTAP) to $132 from $119 and keeps an Equal Weight rating on the shares. The company's fiscal Q2 ...

NetApp price target raised to $132 from $119 at Barclays

Citi raised the firm's price target on NetApp (NTAP) to $135 from $130 and keeps a Neutral rating on the shares. The shares traded 5% higher as the...

NetApp price target raised to $135 from $130 at Citi

Analysts have been eager to weigh in on the Technology sector with new ratings on Autodesk (ADSK – Research Report), NetApp (NTAP – Research Report...

Analysts Have Conflicting Sentiments on These Technology Companies: Autodesk (ADSK), NetApp (NTAP) and Alkami Technology (ALKT)

In a report released today, Asiya Merchant from Citi maintained a Hold rating on NetApp (NTAP – Research Report), with a price target of $135.00. A...

NetApp: Strong Financial Performance Amid Market Uncertainties Warrants Hold Recommendation

Analysts have been eager to weigh in on the Technology sector with new ratings on NetApp (NTAP – Research Report), Autodesk (ADSK – Research Report...

Analysts Offer Insights on Technology Companies: NetApp (NTAP), Autodesk (ADSK) and Grab (GRAB)

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Press Releases

NetApp Teams with NVIDIA to Redefine Enterprise RAG and Power Agentic AI

NetApp Powers the Future of AI with Intelligent Data Infrastructure

F5 and NetApp Accelerate and Streamline Large Language Model AI Deployments

Dremio and NetApp Deliver Scalable, Secure, High-Performance Hybrid Iceberg Lakehouse Capabilities with New integrated Data Management and Analytics Solution

NetApp Expands Collaboration with Google Cloud to Provide Data Storage for Distributed Cloud Infrastructure

NetApp Elevates Pamela Hennard to Chief Diversity and Inclusion Officer, Accelerating its Vision for a More Inclusive Future

NetApp Hosts Second Quarter of Fiscal Year 2025 Financial Results Webcast

NetApp Collaborates with Red Hat to Deliver Increased Flexibility for Virtualized Environments

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