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NetApp, Inc. (NTAP) Report Analysis

Corporate Events

Negative

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russel...

2022-06-24 00:00:00

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell 3000 Value Index

Negative

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russel...

2022-06-24 00:00:00

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell 1000 Value Index

Negative

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russel...

2022-06-24 00:00:00

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell Midcap Value Index

Negative

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russel...

2022-06-24 00:00:00

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell 3000E Value Index

Neutral

NetApp, Inc. has filed a Shelf Registration in ...

2022-06-16 00:00:00

NetApp, Inc. has filed a Shelf Registration in the amount of $20.225983 million. Security Name: Common Stock Securities Offered: 309,124 ...

Positive

Netapp, Inc. Simplifies Hybrid Cloud Operations...

2022-06-07 12:00:00

NetApp, Inc. announced continued innovations and solutions to provide enterprises with more simplicity, more security and more flexibility for...

Negative

The Rosen Law Firm, P.A. Announces Proposed Cla...

2022-06-06 13:00:00

The Rosen Law Firm, P.A. announced that the United States District Court for the Northern District of California has approved the following an...

Positive

Netapp, Inc. Announces Dividend, Payable on Jul...

2022-06-01 20:06:00

NETAPP, INC. announced that the next cash dividend of $0.50 per share is to be paid on July 27, 2022, to shareholders of record as of the clos...

Neutral

Netapp, Inc. Provides Earnings Guidance for the...

2022-06-01 20:06:00

NETAPP, INC. provided earnings guidance for the first quarter and full year of 2023. For the first quarter, the company expects net revenue to...

Positive

NetApp, Inc. (NasdaqGS:NTAP) acquired Instaclus...

2022-05-20 00:00:00

NetApp, Inc. (NasdaqGS:NTAP) signed a definitive agreement to acquire Instaclustr Pty Ltd. on April 7, 2022. The acquisition is subject to cus...

Neutral

Kyndryl and NetApp Announce Alliance to Fast-Tr...

2022-05-19 12:00:00

Kyndryl and announced a global alliance to help customers transform their businesses by unlocking insights from data stored on premises, in th...

Neutral

NetApp Teams with NVIDIA to Accelerate HPC and ...

2022-05-10 12:00:00

NetApp® announced that NetApp EF600 all-flash NVMe storage combined with the BeeGFS parallel file system is now certified for NVIDIA DGX Super...

Neutral

NetApp, Inc., Q4 2022 Earnings Call, Jun 01, 2022

2022-05-06 19:16:00

NetApp, Inc., Q4 2022 Earnings Call, Jun 01, 2022

Neutral

NetApp, Inc. Presents at William Blair’s 42nd A...

2022-04-21 03:54:00

NetApp, Inc. Presents at William Blair’s 42nd Annual Growth Stock Conference 2022, Jun-07-2022 09:40 AM. Venue: Loews Chicago Hotel, Chicago, ...

Neutral

Domino Data Lab, Inc., Rev 3 Conference, May 05...

2022-04-13 13:00:00

Domino Data Lab, Inc., Rev 3 Conference, May 05, 2022 through May 06, 2022. Venue: the Marriott Marquis, New York, United States.

Positive

NetApp, Inc. (NasdaqGS:NTAP) signed a definitiv...

2022-04-07 00:00:00

NetApp, Inc. (NasdaqGS:NTAP) signed a definitive agreement to acquire Instaclustr Pty Ltd. on April 7, 2022. The acquisition is subject to cus...

Neutral

NetApp, Inc. Presents at Bank of America 2022 G...

2022-03-22 22:21:00

NetApp, Inc. Presents at Bank of America 2022 Global Technology Conference, Jun-09-2022 . Venue: Ritz Carlton, San Francisco, California, Unit...

Positive

NetApp, Inc. announces an Increase in Equity Buyback.

2022-03-22 00:00:00

On March 22, 2022, the company announced an increase in its equity buyback plan. The company increased its authorization by $1,000 million, th...

Neutral

Bank of America Corporation, Bank of America 20...

2022-03-17 14:07:00

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022. Venue: Ritz Carlton, San Fr...

Neutral

NetApp, Inc. Presents at 2022 HMG Live! Dallas ...

2022-03-03 20:59:00

NetApp, Inc. Presents at 2022 HMG Live! Dallas CIO Executive Leadership Summit, Apr-07-2022 01:00 PM. Venue: Brookhaven Country Club, Main Clu...

Neutral

Tranche Update on NetApp, Inc. (NasdaqGS:NTAP)'...

2022-03-02 16:06:00

From October 30, 2021 to January 28, 2022, the company has repurchased 1,389,000 shares, representing 0.62% for $124.95 million. With this, th...

Neutral

NetApp, Inc. - Analyst/Investor Day

2022-02-24 05:28:00

NetApp, Inc. - Analyst/Investor Day

Positive

NetApp, Inc., $ 0.50, Cash Dividend, Apr-07-2022

2022-02-23 00:00:00

NetApp, Inc., $ 0.50, Cash Dividend, Apr-07-2022

Neutral

William Blair & Company, L.L.C., William Blair’...

2022-01-25 11:00:00

William Blair & Company, L.L.C., William Blair’s 42nd Annual Growth Stock Conference 2022, Jun 06, 2022 through Jun 09, 2022. Venue: Loews Chi...

Neutral

HMG Strategy, LLC, 2022 HMG Live! Dallas CIO Ex...

2021-12-26 16:47:00

HMG Strategy, LLC, 2022 HMG Live! Dallas CIO Executive Leadership Summit, Apr 07, 2022. Venue: Brookhaven Country Club, Main Clubhouse, 3333 G...

Negative

Netapp, Inc. Appoints Harvinder Bhela to Newly ...

2021-12-08 14:00:00

NetApp, Inc. announced the appointment of Harvinder (Harv) Bhela to the newly created role of Chief Product Officer to accelerate the ongoing ...

Neutral

Kyndryl and NetApp Form Strategic Partnership t...

2021-12-06 14:00:00

Kyndryl and NetApp announced an agreement with BMW Group, a deal that builds on a strong strategic partnership and the deep experience of both...

Neutral

Tranche Update on NetApp, Inc. (NasdaqGS:NTAP)'...

2021-12-02 16:08:00

From July 31, 2021 to October 29, 2021, the company has repurchased 1,402,000 shares, representing 0.63% for $125 million. With this, the comp...

Neutral

NetApp, Inc. has filed a Shelf Registration in ...

2021-12-02 00:00:00

NetApp, Inc. has filed a Shelf Registration in the amount of $14.210274 million. Security Name: Common Stock Securities Offered: 158,845 ...

Positive

NetApp to Seek M&A

2021-11-30 22:30:00

NetApp, Inc. (NasdaqGS:NTAP) will seek M&A. Michael Berry Chief Financial Officer said during the Second Quarter Fiscal Year 2022 Earnings Cal...

Neutral

Netapp, Inc. Provides Earnings Guidance for the...

2021-11-30 21:01:00

NetApp, Inc. provided earnings guidance for the third quarter and full fiscal year 2022. For the quarter, the company's expect net revenues to...

Positive

NetApp, Inc. Announces Cash Dividend, Payable o...

2021-11-30 21:01:00

NetApp, Inc. announced next cash dividend of $0.50 per share is to be paid on January 26, 2022, to shareholders of record as of the close of b...

Positive

NetApp, Inc., $ 0.50, Cash Dividend, Jan-06-2022

2021-11-30 00:00:00

NetApp, Inc., $ 0.50, Cash Dividend, Jan-06-2022

Neutral

NetApp, Inc. Presents at Barclays Global TMT Co...

2021-11-23 21:01:00

NetApp, Inc. Presents at Barclays Global TMT Conference 2021, Dec-07-2021 08:30 AM. Speakers: Michael J. Berry, Executive VP & CFO.

Neutral

Netapp, Inc. Announces the Extension of Its Par...

2021-11-15 13:00:00

NetApp, Inc. announced the extension of its partnership with the Ducati Corse motorcycle racing team at the completion of the 2021 MotoGP Worl...

Positive

NetApp, Inc. (NasdaqGS:NTAP) completed the acqu...

2021-11-05 00:00:00

NetApp, Inc. (NasdaqGS:NTAP) signed a definitive agreement to acquire CloudCheckr Inc. on October 4, 2021. Michael O'Hare and Patrick Mastan o...

Neutral

NetApp, Inc., Q2 2022 Earnings Call, Nov 30, 2021

2021-11-04 20:01:00

NetApp, Inc., Q2 2022 Earnings Call, Nov 30, 2021

Positive

NetApp Expands Hybrid Cloud Solutions Portfolio...

2021-10-20 15:00:00

NetApp announced new additions and enhanced capabilities across its hybrid cloud portfolio to help organizations modernize their IT infrastruc...

Neutral

NetApp, Inc. Presents at Nasdaq 45th Investor C...

2021-10-13 03:08:00

NetApp, Inc. Presents at Nasdaq 45th Investor Conference, Dec-02-2021 10:30 AM. Speakers: Michael J. Berry, Executive VP & CFO.

Neutral

NetApp, Inc. Presents at 5th Annual Virtual Wel...

2021-10-07 17:42:00

NetApp, Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 05:20 PM. Speakers: Kris Newton, VP of Corporate Communication...

Neutral

Wells Fargo Securities, LLC, 5th Annual Virtual...

2021-10-07 09:16:00

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021.

Positive

NetApp, Inc. (NasdaqGS:NTAP) signed a definitiv...

2021-10-04 00:00:00

NetApp, Inc. (NasdaqGS:NTAP) signed a definitive agreement to acquire CloudCheckr Inc. on October 4, 2021. Michael O'Hare and Patrick Mastan o...

Neutral

NetApp, Inc. Presents at NetApp INSIGHT 2021 Di...

2021-10-01 06:04:00

NetApp, Inc. Presents at NetApp INSIGHT 2021 Digital Event, Oct-20-2021 08:00 AM.

Neutral

Nasdaq, Inc., Nasdaq 45th Investor Conference, ...

2021-09-28 18:02:00

Nasdaq, Inc., Nasdaq 45th Investor Conference, Nov 30, 2021 through Dec 03, 2021.

Neutral

Raymond James & Associates, Inc., Raymond James...

2021-09-16 22:54:00

Raymond James & Associates, Inc., Raymond James Virtual Technology Investors Conference 2021, Dec 06, 2021 through Dec 08, 2021.

Neutral

NetApp, Inc. Presents at Raymond James Virtual ...

2021-09-16 22:54:00

NetApp, Inc. Presents at Raymond James Virtual Technology Investors Conference 2021, Dec-06-2021 04:00 PM. Speakers: Kris Newton, VP of Corpor...

Neutral

NetApp, Inc. has filed a Shelf Registration in ...

2021-09-14 00:00:00

NetApp, Inc. has filed a Shelf Registration in the amount of $1.171209 billion. Security Name: Common Stock Securities Offered: 12,765,221...

Neutral

NetApp, Inc. Approves Amendments to Charter and...

2021-09-13 20:16:00

NetApp, Inc. at annual meeting of stockholders held on September 10, 2021 approved to amend the Charter and the Bylaws of the Company to allow...

Neutral

Netapp, Inc. Ratifies the Appointment of Deloit...

2021-09-13 20:16:00

NetApp, Inc. announced that at its AGM held on September 10, 2021, it has ratified the appointment of Deloitte & Touche LLP as the company's i...

Neutral

Declaration of Voting Results by NetApp, Inc

2021-09-13 16:16:00

On September 13, 2021, NetApp, Inc. announced that at its annual general meeting of shareholders held on September 10, 2021, a shareholder pro...

Neutral

NetApp, Inc. - Special Call

2021-09-03 06:07:00

To Discuss the Public Cloud Strategy

Neutral

NetApp, Inc. Presents at Deutsche Bank Technolo...

2021-09-02 20:01:00

NetApp, Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-09-2021 09:50 AM. Speakers: Mike Berry, EVP Finance & CFO.

Neutral

Tranche Update on NetApp, Inc. (NasdaqGS:NTAP)'...

2021-09-02 16:30:00

From May 1, 2021 to July 30, 2021, the company has repurchased 1,249,000 shares, representing 0.56% for $100.02 million. With this, the compan...

Neutral

NetApp, Inc., NetApp INSIGHT 2021 Digital Event...

2021-08-25 23:03:00

NetApp, Inc., NetApp INSIGHT 2021 Digital Event, Oct 20, 2021 through Oct 22, 2021.

Neutral

NetApp, Inc., NetApp INSIGHT 2021 Digital Event...

2021-08-25 23:03:00

NetApp, Inc., NetApp INSIGHT 2021 Digital Event, Oct 20, 2021 through Oct 22, 2021.

Neutral

Netapp, Inc. Provides Earnings Guidance for the...

2021-08-25 20:01:00

NetApp, Inc. provided earnings guidance for the second quarter and full fiscal year 2022. For the quarter, the company's Net revenues are expe...

Positive

NetApp, Inc., $ 0.50, Cash Dividend, Oct-07-2021

2021-08-25 00:00:00

NetApp, Inc., $ 0.50, Cash Dividend, Oct-07-2021

Positive

John Chevedden Files an Exempt Solicitation Sta...

2021-08-11 08:45:00

On August 11, 2021, John Chevedden has filed an exempt solicitation statement and urged the shareholders of NetApp Inc to vote for shareholder...

Neutral

NetApp, Inc., Q1 2022 Earnings Call, Aug 25, 2021

2021-08-05 20:01:00

NetApp, Inc., Q1 2022 Earnings Call, Aug 25, 2021

Neutral

NetApp, Inc. - Shareholder/Analyst Call

2021-07-30 20:01:00

Annual Meeting of Stockholders

Neutral

NetApp, Inc., Annual General Meeting, Sep 10, 2021

2021-07-30 20:01:00

NetApp, Inc., Annual General Meeting, Sep 10, 2021, at 15:30 Pacific Standard Time. Agenda: To consider election of directors; to consider adv...

Positive

NetApp Receives a Shareholder Proposal from Joh...

2021-07-30 16:01:00

On July 30, 2021, NetApp, Inc announced that it has received a shareholder proposal from John Chevedden, requesting that the board of director...

Positive

NetApp Receives a Shareholder Proposal from Joh...

2021-07-20 16:06:00

On July 20, 2021, NetApp, Inc announced that it has received a shareholder proposal from John Chevedden, requesting that the board of director...

Neutral

VMware, Inc., VMworld 2021, Oct 05, 2021 throug...

2021-07-16 00:00:00

VMware, Inc., VMworld 2021, Oct 05, 2021 through Oct 07, 2021. VMworld 2021 will bring together thousands of attendees from around the globe t...

Neutral

NetApp, Inc. Presents at Asia Tech x Singapore,...

2021-07-10 01:04:00

NetApp, Inc. Presents at Asia Tech x Singapore, Jul-13-2021 through Jul-16-2021. Presentation Date & Speakers: Jul-16-2021, Richard Biggs, APA...

Negative

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell 3000 Value Index

2022-06-24 00:00:00

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell 3000 Value Index

Negative

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell 1000 Value Index

2022-06-24 00:00:00

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell 1000 Value Index

Negative

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell Midcap Value Index

2022-06-24 00:00:00

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell Midcap Value Index

Negative

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell 3000E Value Index

2022-06-24 00:00:00

NetApp, Inc.(NasdaqGS:NTAP) dropped from Russell 3000E Value Index

Neutral

NetApp, Inc. has filed a Shelf Registration in the amount of $20.225983 million.

2022-06-16 00:00:00

NetApp, Inc. has filed a Shelf Registration in the amount of $20.225983 million. Security Name: Common Stock Securities Offered: 309,124 Transaction Features: ESOP Related Offering

Positive

Netapp, Inc. Simplifies Hybrid Cloud Operations, Protects Against Ransomware Threats and Helps Accelerate Vmware Workload Transitions to the Cloud

2022-06-07 12:00:00

NetApp, Inc. announced continued innovations and solutions to provide enterprises with more simplicity, more security and more flexibility for their hybrid multicloud environments. These new capabilities include improved ransomware protection, hybrid cloud storage in a single subscription, unified management in a single user interface, and close collaboration with VMware to help transition workloads to the cloud. As enterprises acquire public cloud services to augment their existing on-premises data centers, these combined infrastructures become more disparate, inconsistent and fragmented over time. These multicloud silos are inherently more complex to manage due to dealing with multiple disparate environments. NetApp is delivering a unified and consistent hybrid multicloud experience, allowing customers to run and manage a single platform that spans from on-premises to the world’s biggest public clouds. By delivering everything "as a service," NetApp simplifies and optimizes hybrid cloud environments with new capabilities, including: Hybrid cloud Storage-as-a-Service (STaaS) in a single, flexible subscription with Keystone. Organizations can flexibly move workloads to and from the cloud in a single contract. In addition to managing and monitoring data storage, protection, governance and tiering across multicloud environments, Cloud Manager can now manage Keystone services, track software licenses, monitor infrastructure health and provide proactive recommendations that optimize costs and data protection with automated actions. The rise of ransomware over the past few years is a growing problem for enterprises.

Negative

The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of the Publicly Traded Securities of NetApp, Inc

2022-06-06 13:00:00

The Rosen Law Firm, P.A. announced that the United States District Court for the Northern District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of the publicly traded securities of NetApp, Inc. Summary notice of pendency and proposed settlement of class action: to:  all persons who purchased or otherwise acquired the publicly traded securities of netapp, inc. (“netapp”) between may 23, 2019 and august 1, 2019, both dates inclusive: YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Northern District of California, that a hearing will be held on September 1, 2022 at 2:00 p.m. PDT, before the Honorable Jon S. Tigar, United States District Judge of the Northern District of California, via Zoom, with the link available at https://cand.uscourts.gov/judges/tigar-jon-s-jst/, (the “Final Approval Hearing”) for the purpose of determining: (1) whether the proposed Settlement consisting of the sum of $2,250,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the settlement proceeds is fair, reasonable, and adequate; (3) whether the application for an award of attorneys’ fees of no more than 25% of the Settlement Amount (or $562,500) and reimbursement of expenses of no more than $25,000 and a Compensatory Award of reasonable costs and expenses (including lost wages) directly relating to his representation of the Settlement Class of no more than $2,000 for Lead Plaintiff should be approved; and (4) whether the Action should be dismissed with prejudice as set forth in the Stipulation of Settlement, dated September 21, 2021 (the “Stipulation”). The Court reserves the right to hold the Final Approval Hearing telephonically or by other virtual means.If you purchased or otherwise acquired the publicly traded securities of NetApp between May 23, 2019 and August 1, 2019, both dates inclusive (the “Settlement Class Period”), your rights may be affected by the Settlement of this action. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action (“Long Notice”) and a copy of the Proof of Claim and Release Form (“Proof of Claim”), you may obtain copies by contacting the Claims Administrator at: NetApp, Inc. Securities Litigation, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson St., Ste. 205, Media, PA 19063, Telephone: (866) 274-4004, Facsimile: (610) 565-7985, info@strategicclaims.net. You can also download copies of the Long Notice and submit your Proof of Claim online at www.strategicclaims.net/NetApp/. If you are a member of the Settlement Class, in order to share in the distribution of the Net Settlement Fund, you must submit a properly completed Proof of Claim electronically or postmarked no later than August 2, 2022, to the Claims Administrator, establishing that you are entitled to recovery. If you are a Settlement Class Member and desire to be excluded from the Settlement Class, you must submit a request for exclusion to the Claims Administrator so that it is received no later than August 11, 2022, in the manner and form explained in the detailed Long Notice. Unless you submit a written exclusion request, you will be bound by any judgment rendered in the Action whether or not you make a claim.

Positive

Netapp, Inc. Announces Dividend, Payable on July 27, 2022

2022-06-01 20:06:00

NETAPP, INC. announced that the next cash dividend of $0.50 per share is to be paid on July 27, 2022, to shareholders of record as of the close of business on July 8, 2022.

Neutral

Netapp, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2023

2022-06-01 20:06:00

NETAPP, INC. provided earnings guidance for the first quarter and full year of 2023. For the first quarter, the company expects net revenue to be in the range of $1.475 billion to $1.625 billion. Earnings per share to be in the range of $0.72 to $0.82. For the full year, the company expects net revenue to grow in the range of 6% to 8%.

Positive

NetApp, Inc. (NasdaqGS:NTAP) acquired Instaclustr Pty Ltd.

2022-05-20 00:00:00

NetApp, Inc. (NasdaqGS:NTAP) signed a definitive agreement to acquire Instaclustr Pty Ltd. on April 7, 2022. The acquisition is subject to customary closing conditions. NetApp, Inc. (NasdaqGS:NTAP) acquired Instaclustr Pty Ltd. on May 20, 2022. Ed Batts of Gibson, Dunn & Crutcher LLP acted as legal advisor to NetApp, Inc. (NasdaqGS:NTAP) in the deal.

Neutral

Kyndryl and NetApp Announce Alliance to Fast-Track Cloud Transition and Transformation for Customers

2022-05-19 12:00:00

Kyndryl and announced a global alliance to help customers transform their businesses by unlocking insights from data stored on premises, in the cloud and edge computing environments. Under the alliance, Kyndryl and NetApp will collaborate to help customers across industries enhance and improve their ability to manage and extract business value from an avalanche of unstructured data including text-based documents, photos, audio and video files, IoT sensors and other sources. Specifically, the partners will align Kyndryl's IT infrastructure and managed services expertise with NetApp's strong leadership with the top public clouds along with its edge-to-core-to-cloud scalability to create new solutions that enable companies to access, analyze and derive insights from data that sits across multiple platforms and multiple clouds. The companies will combine their respective expertise, based on over 15 years of collaborating to provide best-of-breed solutions, to develop innovative solutions that help customers more efficiently and effectively manage, analyze and optimize their data to inform and drive important business decisions. Kyndryl and NetApp also intend to co-design advanced storage infrastructure-as-a-service solutions to provide customers greater flexibility, versatility and value from the use of unstructured information and help companies derive business value from their data. To help companies to better organize, manage and reap insights through enhanced data management, Kyndryl and NetApp will collaborate on new hybrid cloud solutions and services tailored and tuned to address industry-specific challenges, such as Automotive and manufacturing – fast-track processes and better understand customer preferences and Financial services – enhance customer satisfaction and deliver more targeted offerings.

Neutral

NetApp Teams with NVIDIA to Accelerate HPC and AI with Turnkey Supercomputing Infrastructure

2022-05-10 12:00:00

NetApp® announced that NetApp EF600 all-flash NVMe storage combined with the BeeGFS parallel file system is now certified for NVIDIA DGX SuperPOD™. The new certification simplifies artificial intelligence (AI) and high-performance computing (HPC) infrastructure to enable faster implementation of these use cases. Since 2018, NetApp and NVIDIA have served hundreds of customers with a range of solutions, from building AI Centers of Excellence to solving massive-scale AI training challenges. The qualification of NetApp EF600 and BeeGFS file system for DGX SuperPOD is the latest addition to a complete set of AI solutions that have been developed by the companies.

Neutral

NetApp, Inc., Q4 2022 Earnings Call, Jun 01, 2022

2022-05-06 19:16:00

NetApp, Inc., Q4 2022 Earnings Call, Jun 01, 2022

Neutral

NetApp, Inc. Presents at William Blair’s 42nd Annual Growth Stock Conference 2022, Jun-07-2022 09:40 AM

2022-04-21 03:54:00

NetApp, Inc. Presents at William Blair’s 42nd Annual Growth Stock Conference 2022, Jun-07-2022 09:40 AM. Venue: Loews Chicago Hotel, Chicago, Illinois, United States. Speakers: Mike Berry, CFO.

Neutral

Domino Data Lab, Inc., Rev 3 Conference, May 05, 2022 through May 06, 2022

2022-04-13 13:00:00

Domino Data Lab, Inc., Rev 3 Conference, May 05, 2022 through May 06, 2022. Venue: the Marriott Marquis, New York, United States.

Positive

NetApp, Inc. (NasdaqGS:NTAP) signed a definitive agreement to acquire Instaclustr Pty Ltd.

2022-04-07 00:00:00

NetApp, Inc. (NasdaqGS:NTAP) signed a definitive agreement to acquire Instaclustr Pty Ltd. on April 7, 2022. The acquisition is subject to customary closing conditions.

Neutral

NetApp, Inc. Presents at Bank of America 2022 Global Technology Conference, Jun-09-2022

2022-03-22 22:21:00

NetApp, Inc. Presents at Bank of America 2022 Global Technology Conference, Jun-09-2022 . Venue: Ritz Carlton, San Francisco, California, United States. Speakers: Kris Newton, VP of Corporate Communications & Investor Relations.

Positive

NetApp, Inc. announces an Increase in Equity Buyback.

2022-03-22 00:00:00

On March 22, 2022, the company announced an increase in its equity buyback plan. The company increased its authorization by $1,000 million, thereby bringing its total authorization to $12,100 million.

Neutral

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022

2022-03-17 14:07:00

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022. Venue: Ritz Carlton, San Francisco, California, United States.

Neutral

NetApp, Inc. Presents at 2022 HMG Live! Dallas CIO Executive Leadership Summit, Apr-07-2022 01:00 PM

2022-03-03 20:59:00

NetApp, Inc. Presents at 2022 HMG Live! Dallas CIO Executive Leadership Summit, Apr-07-2022 01:00 PM. Venue: Brookhaven Country Club, Main Clubhouse, 3333 Golfing Green Drive, Dallas, United States. Speakers: Mignona Cote, Chief Security Officer.

Neutral

Tranche Update on NetApp, Inc. (NasdaqGS:NTAP)'s Equity Buyback Plan announced on August 13, 2008.

2022-03-02 16:06:00

From October 30, 2021 to January 28, 2022, the company has repurchased 1,389,000 shares, representing 0.62% for $124.95 million. With this, the company has completed the repurchase of 237,883,392 shares, representing 81.71% for $10,593.16 million under the buyback announced on August 13, 2008.

Neutral

NetApp, Inc. - Analyst/Investor Day

2022-02-24 05:28:00

NetApp, Inc. - Analyst/Investor Day

Positive

NetApp, Inc., $ 0.50, Cash Dividend, Apr-07-2022

2022-02-23 00:00:00

NetApp, Inc., $ 0.50, Cash Dividend, Apr-07-2022

Neutral

William Blair & Company, L.L.C., William Blair’s 42nd Annual Growth Stock Conference 2022, Jun 06, 2022 through Jun 09, 2022

2022-01-25 11:00:00

William Blair & Company, L.L.C., William Blair’s 42nd Annual Growth Stock Conference 2022, Jun 06, 2022 through Jun 09, 2022. Venue: Loews Chicago Hotel, Chicago, Illinois, United States.

Neutral

HMG Strategy, LLC, 2022 HMG Live! Dallas CIO Executive Leadership Summit, Apr 07, 2022

2021-12-26 16:47:00

HMG Strategy, LLC, 2022 HMG Live! Dallas CIO Executive Leadership Summit, Apr 07, 2022. Venue: Brookhaven Country Club, Main Clubhouse, 3333 Golfing Green Drive, Dallas, United States.

Negative

Netapp, Inc. Appoints Harvinder Bhela to Newly Created Chief Product Officer Role

2021-12-08 14:00:00

NetApp, Inc. announced the appointment of Harvinder (Harv) Bhela to the newly created role of Chief Product Officer to accelerate the ongoing transformation of the company into a multi-cloud, storage, and data services leader. Reporting directly to NetApp’s Chief Executive Officer George Kurian, Bhela will join NetApp in January 2022. Bhela joins NetApp after nearly 25 years at Microsoft, where he held multiple executive leadership positions, overseeing the creation of several products that set industry standards and created multi-billion-dollar categories with billions of users. Most recently, he served as Corporate Vice President of the Microsoft 365 Security, Compliance and Management business, which he grew to more than $10 billion in annual revenue, making Microsoft the largest security company in the world.

Neutral

Kyndryl and NetApp Form Strategic Partnership to Deliver Critical Enterprise Data Infrastructure to BMW Group

2021-12-06 14:00:00

Kyndryl and NetApp announced an agreement with BMW Group, a deal that builds on a strong strategic partnership and the deep experience of both companies in the automotive sector. The agreement combines Kyndryl's digital infrastructure services with NetApp's cloud-led, data-centric software technology. Kyndryl will serve as the lead integrator, applying its expertise and global reach to manage the enterprise storage infrastructure that is critical to the automaker's production process. NetApp provides the hybrid cloud data infrastructure foundation for all of BMW Group's data center needs, delivering best-in-industry network-attached (NAS) and scale-out storage infrastructure. The deal covers 17 countries on five continents with Germany, the US, and China as key markets. The resilient platform for BMW Group's future data fabric is based on NetApp solutions and services, a combination that ensures continuous data availability, uninterrupted service delivery, and easy data mobility. This allows BMW Group to use data where it is needed to accelerate innovation and gain new insights, whether in the data center or in the cloud.

Neutral

Tranche Update on NetApp, Inc. (NasdaqGS:NTAP)'s Equity Buyback Plan announced on August 13, 2008.

2021-12-02 16:08:00

From July 31, 2021 to October 29, 2021, the company has repurchased 1,402,000 shares, representing 0.63% for $125 million. With this, the company has completed the repurchase of 236,494,392 shares, representing 81.09% for $10,468.21 million under the buyback announced on August 13, 2008.

Neutral

NetApp, Inc. has filed a Shelf Registration in the amount of $14.210274 million.

2021-12-02 00:00:00

NetApp, Inc. has filed a Shelf Registration in the amount of $14.210274 million. Security Name: Common Stock Securities Offered: 158,845 Transaction Features: ESOP Related Offering

Positive

NetApp to Seek M&A

2021-11-30 22:30:00

NetApp, Inc. (NasdaqGS:NTAP) will seek M&A. Michael Berry Chief Financial Officer said during the Second Quarter Fiscal Year 2022 Earnings Call, "Now outside of OpEx, we've talked about it before. We will continue to be active in M&A, and we're still allocating at least 30% of our free cash flow, plus we have a very nice cash balance and a lot of flexibility on the balance sheet to fund acquisitions. So yes, you should expect to see us continue to increase OpEx to drive growth as well as be active in the M&A market".

Neutral

Netapp, Inc. Provides Earnings Guidance for the Third Quarter and Full Fiscal Year 2022

2021-11-30 21:01:00

NetApp, Inc. provided earnings guidance for the third quarter and full fiscal year 2022. For the quarter, the company's expect net revenues to be in the range of $1.525 billion to $1.675 billion. Earnings per share is expected to be in the range of $0.93- $1.03.For the full fiscal year, the company's expects net revenues to be in the range of 9% to 10%. Earnings per share is expected to be in the range of $3.80 - $4.00.

Positive

NetApp, Inc. Announces Cash Dividend, Payable on January 26, 2022

2021-11-30 21:01:00

NetApp, Inc. announced next cash dividend of $0.50 per share is to be paid on January 26, 2022, to shareholders of record as of the close of business on January 7, 2022.

Positive

NetApp, Inc., $ 0.50, Cash Dividend, Jan-06-2022

2021-11-30 00:00:00

NetApp, Inc., $ 0.50, Cash Dividend, Jan-06-2022

Neutral

NetApp, Inc. Presents at Barclays Global TMT Conference 2021, Dec-07-2021 08:30 AM

2021-11-23 21:01:00

NetApp, Inc. Presents at Barclays Global TMT Conference 2021, Dec-07-2021 08:30 AM. Speakers: Michael J. Berry, Executive VP & CFO.

Neutral

Netapp, Inc. Announces the Extension of Its Partnership with the Ducati Corse Motorcycle Racing Team At the Completion of the 2021

2021-11-15 13:00:00

NetApp, Inc. announced the extension of its partnership with the Ducati Corse motorcycle racing team at the completion of the 2021 MotoGP World Championship race in Valencia, Spain. For the next two years, NetApp will continue to help advance Ducati’s performance in the MotoGP World Championship, the world’s most prestigious motorcycle racing competition. The collaboration between Ducati (part of the Volkswagen Group), through its Ducati Corse division, and NetApp began in 2018 in a bid to maximize the use of data to improve performance within the world of racing. NetApp and Ducati are expanding their work together to accelerate digital transformation by: Optimizing 3D product design in complex development projects by implementing a new virtual desktop environment, allowing engineers to collaborate efficiently all over the world. As part of this improvement, engineers and developers can securely leverage and archive any project data, using the rich functionalities of NetApp StorageGRID object storage; Automating the racing team’s data workflow before, during and after the race. Engineers can support their team’s success, both remotely and on-site to maximize the power of information for the win; and Supporting the overall evolution of the information technology strategy through collaboration between Ducati and the Professional Services teams at NetApp.

Positive

NetApp, Inc. (NasdaqGS:NTAP) completed the acquisition of CloudCheckr Inc. for approximately $350 million.

2021-11-05 00:00:00

NetApp, Inc. (NasdaqGS:NTAP) signed a definitive agreement to acquire CloudCheckr Inc. on October 4, 2021. Michael O'Hare and Patrick Mastan of KeyBanc Capital Markets Inc. acted as financial advisors to CloudCheckr and exclusive sell side advisor. NetApp, Inc. (NasdaqGS:NTAP) completed the acquisition of CloudCheckr Inc. for approximately $350 million on November 5, 2021.

Neutral

NetApp, Inc., Q2 2022 Earnings Call, Nov 30, 2021

2021-11-04 20:01:00

NetApp, Inc., Q2 2022 Earnings Call, Nov 30, 2021

Positive

NetApp Expands Hybrid Cloud Solutions Portfolio to Unlock Best of Cloud

2021-10-20 15:00:00

NetApp announced new additions and enhanced capabilities across its hybrid cloud portfolio to help organizations modernize their IT infrastructures and accelerate digital transformation. Delivering new secure ways to consume and operate data services on-premises and in the cloud, NetApp hybrid cloud solutions make it simpler for enterprise customers to put their data to work — wherever and whenever they need it. NetApp’s ONTAP® software continues to serve as the foundation for hybrid cloud. With the latest release of ONTAP, NetApp is introducing enhanced protection against ransomware, expanded data management capabilities, and NVMe/TCP support for accelerated performance. The company is also announcing new digital wallet capabilities for NetApp Cloud Manager and enhanced data services for simplified administration across a hybrid cloud, more flexible consumption options to better control costs, as well as new Professional Services offerings to help customers unlock the full value of on-premises and hybrid cloud resources. NetApp’s latest portfolio innovations include: ONTAP Data Management Software Enhancements: The latest release of ONTAP enables enterprises to autonomously protect against ransomware attacks based on machine learning with integrated preemptive detection and accelerated data recovery. The new release also delivers enterprise-grade performance for SAN and modern workloads with NVMe/TCP support, expanded object storage capabilities, and simplified management. In addition, this latest ONTAP release will power the upcoming NetApp AFF A900, the next-generation high-resiliency all-flash system for business-critical workloads; Enhanced Data Services: With new digital wallet capabilities available in NetApp Cloud Manager, customers can benefit from greater mobility and more visibility into usage of data service licenses across a hybrid cloud, with prepayment of credits enabling streamlined deployment to avoid procurement hassles. Additional updates include enhancements to NetApp Cloud Backup and Cloud Data Sense services, simplified deployment of Cloud Volumes ONTAP with new customer-ready templates, fully embedded Active IQ, and deeper integrations with NetApp Cloud Insights and ONTAP software to support Kubernetes workloads; More Flexible Consumption Options: NetApp Keystone Flex Subscription, an on-premises storage-as-a-service offering with native cloud integration, continues to gain momentum with customers. The offering is now supported on four continents—encompassing petabytes of capacity within just under one year of availability. NetApp is now offering a new freemium service tier for Cloud Volumes ONTAP, providing customers with access to a fully featured, perpetual license to use ONTAP in the cloud for workloads needing less than 500GB of storage. This consumption flexibility gives organizations the freedom to use enterprise-grade data services for small workloads such as Kubernetes clusters at no initial cost. An organization only needs to convert to a subscription when the workload matures and scales; More Accessible Hybrid Cloud Expertise: NetApp is also introducing new Support and Professional Services offerings to make it even easier to access experts for step-by-step guidance as they transition to hybrid cloud. With SupportEdge Advisor for Cloud, NetApp is extending its data center support model to cloud services with rapid, direct access to trained specialists. NetApp Flexible Professional Services (FlexPS) is also available for customers that require on-demand and ongoing support as they transition to a hybrid cloud. With this new subscription-based offering, organizations can get the professional help they need to design and build a data fabric strategy, implement solutions, and optimize their hybrid cloud with predictable costs and avoid procurement delays.

Neutral

NetApp, Inc. Presents at Nasdaq 45th Investor Conference, Dec-02-2021 10:30 AM

2021-10-13 03:08:00

NetApp, Inc. Presents at Nasdaq 45th Investor Conference, Dec-02-2021 10:30 AM. Speakers: Michael J. Berry, Executive VP & CFO.

Neutral

NetApp, Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 05:20 PM

2021-10-07 17:42:00

NetApp, Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 05:20 PM. Speakers: Kris Newton, VP of Corporate Communications & Investor Relations.

Neutral

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021

2021-10-07 09:16:00

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021.

Positive

NetApp, Inc. (NasdaqGS:NTAP) signed a definitive agreement to acquire CloudCheckr Inc.

2021-10-04 00:00:00

NetApp, Inc. (NasdaqGS:NTAP) signed a definitive agreement to acquire CloudCheckr Inc. on October 4, 2021. Michael O'Hare and Patrick Mastan of KeyBanc Capital Markets Inc. acted as financial advisors to CloudCheckr and exclusive sell side advisor.

Neutral

NetApp, Inc. Presents at NetApp INSIGHT 2021 Digital Event, Oct-20-2021 08:00 AM

2021-10-01 06:04:00

NetApp, Inc. Presents at NetApp INSIGHT 2021 Digital Event, Oct-20-2021 08:00 AM.

Neutral

Nasdaq, Inc., Nasdaq 45th Investor Conference, Nov 30, 2021 through Dec 03, 2021

2021-09-28 18:02:00

Nasdaq, Inc., Nasdaq 45th Investor Conference, Nov 30, 2021 through Dec 03, 2021.

Neutral

Raymond James & Associates, Inc., Raymond James Virtual Technology Investors Conference 2021, Dec 06, 2021 through Dec 08, 2021

2021-09-16 22:54:00

Raymond James & Associates, Inc., Raymond James Virtual Technology Investors Conference 2021, Dec 06, 2021 through Dec 08, 2021.

Neutral

NetApp, Inc. Presents at Raymond James Virtual Technology Investors Conference 2021, Dec-06-2021 04:00 PM

2021-09-16 22:54:00

NetApp, Inc. Presents at Raymond James Virtual Technology Investors Conference 2021, Dec-06-2021 04:00 PM. Speakers: Kris Newton, VP of Corporate Communications & Investor Relations.

Neutral

NetApp, Inc. has filed a Shelf Registration in the amount of $1.171209 billion.

2021-09-14 00:00:00

NetApp, Inc. has filed a Shelf Registration in the amount of $1.171209 billion. Security Name: Common Stock Securities Offered: 12,765,221 Transaction Features: ESOP Related Offering

Neutral

NetApp, Inc. Approves Amendments to Charter and the Bylaws of the Company

2021-09-13 20:16:00

NetApp, Inc. at annual meeting of stockholders held on September 10, 2021 approved to amend the Charter and the Bylaws of the Company to allow stockholders to act by written consent.

Neutral

Netapp, Inc. Ratifies the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending April 29, 2022

2021-09-13 20:16:00

NetApp, Inc. announced that at its AGM held on September 10, 2021, it has ratified the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending April 29, 2022.

Neutral

Declaration of Voting Results by NetApp, Inc

2021-09-13 16:16:00

On September 13, 2021, NetApp, Inc. announced that at its annual general meeting of shareholders held on September 10, 2021, a shareholder proposal requesting the Board take the steps necessary to permit stockholder action by written consent was approved.

Neutral

NetApp, Inc. - Special Call

2021-09-03 06:07:00

To Discuss the Public Cloud Strategy

Neutral

NetApp, Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-09-2021 09:50 AM

2021-09-02 20:01:00

NetApp, Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-09-2021 09:50 AM. Speakers: Mike Berry, EVP Finance & CFO.

Neutral

Tranche Update on NetApp, Inc. (NasdaqGS:NTAP)'s Equity Buyback Plan announced on August 13, 2008.

2021-09-02 16:30:00

From May 1, 2021 to July 30, 2021, the company has repurchased 1,249,000 shares, representing 0.56% for $100.02 million. With this, the company has completed the repurchase of 235,092,392 shares, representing 80.46% for $10,343.21 million under the buyback announced on August 13, 2008.

Neutral

NetApp, Inc., NetApp INSIGHT 2021 Digital Event, Oct 20, 2021 through Oct 22, 2021

2021-08-25 23:03:00

NetApp, Inc., NetApp INSIGHT 2021 Digital Event, Oct 20, 2021 through Oct 22, 2021.

Neutral

NetApp, Inc., NetApp INSIGHT 2021 Digital Event, Oct 20, 2021 through Oct 22, 2021

2021-08-25 23:03:00

NetApp, Inc., NetApp INSIGHT 2021 Digital Event, Oct 20, 2021 through Oct 22, 2021.

Neutral

Netapp, Inc. Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2022

2021-08-25 20:01:00

NetApp, Inc. provided earnings guidance for the second quarter and full fiscal year 2022. For the quarter, the company's Net revenues are expected to be in the range of: $1.49 billion to $1.59 billion. Earnings per share is expected to be in the range of: $0.88- $0.98.For the full fiscal year, the company's Net revenues are expected to be in the range of: 8% to 9%. Earnings per share is expected to be in the range of: $3.83 - $4.03.

Positive

NetApp, Inc., $ 0.50, Cash Dividend, Oct-07-2021

2021-08-25 00:00:00

NetApp, Inc., $ 0.50, Cash Dividend, Oct-07-2021

Positive

John Chevedden Files an Exempt Solicitation Statement to Shareholders of NetApp Inc

2021-08-11 08:45:00

On August 11, 2021, John Chevedden has filed an exempt solicitation statement and urged the shareholders of NetApp Inc to vote for shareholder proposal regarding to permit written consent by shareholders entitled to cast the minimum number of votes that would be necessary to authorize the action at a meeting at which all shareholders entitled to vote thereon were present and voting, at the 2022 annual meeting of shareholders.

Neutral

NetApp, Inc., Q1 2022 Earnings Call, Aug 25, 2021

2021-08-05 20:01:00

NetApp, Inc., Q1 2022 Earnings Call, Aug 25, 2021

Neutral

NetApp, Inc. - Shareholder/Analyst Call

2021-07-30 20:01:00

Annual Meeting of Stockholders

Neutral

NetApp, Inc., Annual General Meeting, Sep 10, 2021

2021-07-30 20:01:00

NetApp, Inc., Annual General Meeting, Sep 10, 2021, at 15:30 Pacific Standard Time. Agenda: To consider election of directors; to consider advisory vote to approve named executive officer compensation; to consider ratification of Deloitte & Touche LLP as the independent registered public accounting firm; to consider approval of the Netapp, inc. 2021 equity incentive plan; to consider amendment of the employee stock purchase plan; to consider management proposal for stockholder action by written consent; and to transact other matters.

Positive

NetApp Receives a Shareholder Proposal from John Chevedden

2021-07-30 16:01:00

On July 30, 2021, NetApp, Inc announced that it has received a shareholder proposal from John Chevedden, requesting that the board of directors take the steps necessary to permit written consent by shareholders entitled to cast the minimum number of votes that would be necessary to authorize the action at a meeting at which all shareholders entitled to vote thereon were present and voting. This written consent is to give shareholders the fullest power to act by written consent consistent with applicable law. This includes shareholder ability to initiate any appropriate topic for written consent. In addition, the Company urged the shareholders to vote against the shareholder proposal at its annual general meeting of shareholders scheduled to be held on September 10, 2021.

Positive

NetApp Receives a Shareholder Proposal from John Chevedden

2021-07-20 16:06:00

On July 20, 2021, NetApp, Inc announced that it has received a shareholder proposal from John Chevedden, requesting that the board of directors take the steps necessary to permit written consent by shareholders entitled to cast the minimum number of votes that would be necessary to authorize the action at a meeting at which all shareholders entitled to vote thereon were present and voting. This written consent is to give shareholders the fullest power to act by written consent consistent with applicable law. This includes shareholder ability to initiate any appropriate topic for written consent. In addition, the Company urged the shareholders to vote against the shareholder proposal at its annual general meeting of shareholders scheduled to be held on September 10, 2021.

Neutral

VMware, Inc., VMworld 2021, Oct 05, 2021 through Oct 07, 2021

2021-07-16 00:00:00

VMware, Inc., VMworld 2021, Oct 05, 2021 through Oct 07, 2021. VMworld 2021 will bring together thousands of attendees from around the globe to hear from the best in the industry about how to deliver and secure apps, and manage clouds in any environment.

Neutral

NetApp, Inc. Presents at Asia Tech x Singapore, Jul-13-2021 through Jul-16-2021

2021-07-10 01:04:00

NetApp, Inc. Presents at Asia Tech x Singapore, Jul-13-2021 through Jul-16-2021. Presentation Date & Speakers: Jul-16-2021, Richard Biggs, APAC Leader - Artificial Intelligence.

Fundamental Summary

NetApp published its Q1 report on 2022-06-16 with positive results, but no significant factors particularly remarkable relative to its peers. It is highly likely that it will be mostly tethered to market performance and sector movements for the near term. Therefore, they earned a total score of 61 out of 100 and a HOLD recommendation.

NetApp reported earnings results for the full year ended April 30, 2022. For the full year, the company reported revenue was USD 6,318 million compared to USD 5,744 million a year ago. Net income was USD 937 million compared to USD 730 million a year ago. Basic earnings per share from continuing operations was USD 4.2 compared to USD 3.29 a year ago. Diluted earnings per share from continuing operations was USD 4.09 compared to USD 3.23 a year ago.

Business Description

NetApp provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense, and NetApp Cloud Volumes Edge Cache; and cloud operations services, such as NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco, and Spot CloudCheckr. In 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. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp was incorporated in 1992 and is headquartered in San Jose, California.

Sector Overview

NetApp is included in the Technology Hardware, Storage & Peripherals according to GICS (global industry classification standard). The Technology Hardware, Storage & Peripherals industry is part of the Information Technology sector. It includes manufacturers of mobile phones, PCs, servers, electronic computer components and peripherals. NetApp's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 10,026.0 5.5% 67
Liabilities 9,188.0 6.6% 78
Price to Book 16.7 -23.3% 52
Cash & Equivalents 4,112.0 -1.4% 67
Equity 838.0 -5.0% 60
EBITDA 1,440.0 0.2% 63
Total Revenues 6,318.0 2.0% 76
Parameter Value Change Score
Return on Equity 123.0 -17.3% 52
Net Cashflow -416.0 -214.6% 77
Capital Expenditure -226.0 -233.7% 37
Asset Turnover 0.7 -4.3% 53
Free Cashflow 4.4 -15.4% 58

* All values are TTM

The below chart reflects NetApp's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While NetApp's peer average final assessment score stands on 72.0, NetApp's score is 61.

  •  NTAP
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Apple Inc. 2.3T 53 74 84
Hold
75
75 0 1
Seagate Technology Holdings plc 15.9B 56 79 76
Hold
76
76 1 1
Western Digital Corporation 14.9B 59 82 70
Hold
76
76 2 1
Xerox Holdings Corporation 2.5B 62 69 69
Hold
69
69 3 1
Super Micro Computer, Inc. 2.2B 93 69 62
Buy
81
81 4 1
Corsair Gaming, Inc. 1.4B 52 71 40
Underperform
48
48 5 1
Stratasys Ltd. 1.3B 57 58 55
Underperform
50
50 6 1
Avid Technology, Inc. 1.2B 49 75 74
Hold
68
68 7 1
Dell Technologies Inc. 37.2B 54 69 72
Hold
66
66 8 1
HP Inc. 36.5B 95 73 57
Buy
82
82 9 1
Hewlett Packard Enterprise Company 18.4B 63 73 66
Hold
70
70 10 1
Pure Storage, Inc. 8.0B 55 71 95
Buy
81
81 11 1
3D Systems Corporation 1.3B 45 67 55
Underperform
50
50 12 1
IonQ, Inc. 957.0M 37 43 82
Underperform
44
44 13 1
Nano Dimension Ltd. 834.0M 82 45 70
Hold
69
69 14 1
Canaan Inc. 600.4M 81 64 57
Hold
68
68 15 1
CompoSecure, Inc. 441.4M 59 58 58
Underperform
53
53 16 1
Eastman Kodak Company 419.9M 58 68 57
Underperform
58
58 17 1
Coolpad Group Limited 275.6M 53 80 58
Underperform
58
58 18 1
Turtle Beach Corporation 227.4M 67 69 60
Hold
68
68 19 1
Diebold Nixdorf, Incorporated 190.3M 54 72 53
Underperform
57
57 20 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. NetApp's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), NetApp's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 67.27
52W Low 63.29
52W High 95.48
5D MA 65.63
50D MA 70.96
200D MA 83.97
MACD -1.76
RSI 2.01
STOCH 48.71

Balance Sheet Analysis

NetApp appears likely to maintain its strong balance sheet metrics and momentum going forward. NetApp has done an excellent job managing its liabilities. NetApp's liabilities stood at 9188.0 in the current filing, which represents a 6.6% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. Therefore, we rated their liabilities movement with a score of 78. Also, NetApp assets on their balance sheet, moved to 10026.0, which is a 5.5% change from the last period. This performance is interesting in comparison to its peers and competitors. The company's asset component, therefore, received a grade of 67. That said, one metric, Book Value Factors, stood out as particularly concerning. NetApp publishes concerning book value factor metrics in this report. price to book ratio (P/B) now sits at 16.7 and represents -23.3% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 8.8%. The company's book value factors were lackluster and showed that management hasn't figured out how to overperform expectations. Consequently, their book value factors movement received a grade of 52. Consequently, their balance sheet earned a rank of 62.

Parameter Value Change Score
Assets 10,026.0 5.5% 67
Liabilities 9,188.0 6.6% 78
Price to Book 16.7 -23.3% 52
Cash & Equivalents 4,112.0 -1.4% 67
Equity 838.0 -5.0% 60
* All values are TTM

The below chart describes NetApp's performance as reflected on its balance sheet with respect to its peers. While NetApp received a balance sheet score of 62, the average of its peers stands on 72.0.

  •  NTAP
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Apple Inc. 2.3T 50 80 60 46 56 53 0 1
Seagate Technology Holdings plc 15.9B 60 80 58 46 52 56 1 1
Western Digital Corporation 14.9B 60 77 55 68 62 59 2 1
Xerox Holdings Corporation 2.5B 67 77 60 58 56 62 3 1
Super Micro Computer, Inc. 2.2B 89 62 93 70 90 93 4 1
Corsair Gaming, Inc. 1.4B 50 72 64 38 63 52 5 1
Stratasys Ltd. 1.3B 58 81 47 88 54 57 6 1
Avid Technology, Inc. 1.2B 52 82 43 45 59 49 7 1
Dell Technologies Inc. 37.2B 56 80 57 44 55 54 8 1
HP Inc. 36.5B 71 73 97 91 92 95 9 1
Hewlett Packard Enterprise Company 18.4B 52 78 73 46 67 63 10 1
Pure Storage, Inc. 8.0B 42 82 62 66 57 55 11 1
3D Systems Corporation 1.3B 57 80 46 38 45 45 12 1
IonQ, Inc. 957.0M 38 74 53 37 49 37 13 1
Nano Dimension Ltd. 834.0M 96 85 59 48 60 82 14 1
Canaan Inc. 600.4M 76 62 88 67 83 81 15 1
CompoSecure, Inc. 441.4M 58 64 66 44 82 59 16 1
Eastman Kodak Company 419.9M 67 70 55 53 66 58 17 1
Coolpad Group Limited 275.6M 48 86 47 63 45 53 18 1
Turtle Beach Corporation 227.4M 39 80 69 86 67 67 19 1
Diebold Nixdorf, Incorporated 190.3M 65 83 43 40 56 54 20 1

Income Statement Analysis

NetApp's income statement showed strong financials, specifically Revenue Efficiency and EBITDA. NetApp reported highly encouraging numbers for its revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 18.5%. Their industry-leading revenue efficiency makes a strong case for upward pressure on its's stock price. As a result, its revenue efficiency earned a score of 76. Also, NetApp reported impressive EBITDA this period. At filing, EBITDA was reported as 1440.0, representing 0.2% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. The company's EBITDA movement, therefore, received a grade of 63. That said, one metric, Return Factors, stood out as strongly negative. In this filing, NetApp reported a return on equity (ROE) ratio of 123.0, which represents a growth of -17.3%. This metric might have a 3.1 percent impact on companies in the same industry and with the same market capitalization. The company's return factor metrics return on equity and return on assets are even more concerning when compared to their peers. Therefore, their return factors component earned a score of 52. their income statement received an overall score of 70.

Parameter Value Change Score
EBITDA 1,440.0 0.2% 63
Total Revenues 6,318.0 2.0% 76
Return on Equity 123.0 -17.3% 52
* All values are TTM

The below chart describes NetApp's performance as reflected on its income statement with respect to its peers. While NetApp received a income statement score of 70 , the average of its peers stands on 69.0.

  •  NTAP
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Apple Inc. 2.3T 76 67 79 74 0 1
Seagate Technology Holdings plc 15.9B 83 69 90 79 1 1
Western Digital Corporation 14.9B 80 83 71 82 2 1
Xerox Holdings Corporation 2.5B 88 46 45 69 3 1
Super Micro Computer, Inc. 2.2B 43 95 95 69 4 1
Corsair Gaming, Inc. 1.4B 97 41 39 71 5 1
Stratasys Ltd. 1.3B 61 48 81 58 6 1
Avid Technology, Inc. 1.2B 79 68 69 75 7 1
Dell Technologies Inc. 37.2B 68 65 82 69 8 1
HP Inc. 36.5B 81 61 64 73 9 1
Hewlett Packard Enterprise Company 18.4B 85 56 61 73 10 1
Pure Storage, Inc. 8.0B 46 97 96 71 11 1
3D Systems Corporation 1.3B 91 38 42 67 12 1
IonQ, Inc. 957.0M 37 47 61 43 13 1
Nano Dimension Ltd. 834.0M 37 46 73 45 14 1
Canaan Inc. 600.4M 38 93 77 64 15 1
CompoSecure, Inc. 441.4M 51 69 53 58 16 1
Eastman Kodak Company 419.9M 75 61 49 68 17 1
Coolpad Group Limited 275.6M 98 58 63 80 18 1
Turtle Beach Corporation 227.4M 96 41 42 69 19 1
Diebold Nixdorf, Incorporated 190.3M 92 42 73 72 20 1

Cash Flow Analysis

NetApp's recently published cash flow conveys disappointing growth, particularly with respect to Capital Expenditure and Asset Turnover. metrics. NetApp's management was ineffective in materially improving CapEx, which now sits at -226.0 and represents a -233.7% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Therefore, their CapEx movement component earned a score of 37. Also, NetApp's asset turnover metrics were concerning and highlighted potential issues management is having effectively turning assets into sales efficiently. At filing, their asset turnover metrics were 0.7, representing a -4.3% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 10.7 percent by this parameter. The company's asset turnover metrics seem especially problematic relative to their peers. Correspondingly, their asset turnover movement received a grade of 53. That said, one metric, Net Cash Flow, stood out as strongly positive. NetApp's strong net cash flow numbers, which were -416.0 in this filing, showed a -214.6% change from the last period. Their net cash flow metrics are especially remarkable relative to their peers. The company's net cash flow, therefore, received a grade of 77. their cash flow, therefore, earned a score of 55.

Parameter Value Change Score
Net Cashflow -416.0 -214.6% 77
Capital Expenditure -226.0 -233.7% 37
Asset Turnover 0.7 -4.3% 53
Free Cashflow 4.4 -15.4% 58
* All values are TTM

The below chart describes NetApp's performance as reflected on its cash flow with respect to its peers. While NetApp received a cash flow score of 55, the average of its peers stands on 68.0.

  •  NTAP
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Apple Inc. 2.3T 76 75 68 91 84 0 1
Seagate Technology Holdings plc 15.9B 64 77 76 79 76 1 1
Western Digital Corporation 14.9B 65 82 54 70 70 2 1
Xerox Holdings Corporation 2.5B 59 64 77 75 69 3 1
Super Micro Computer, Inc. 2.2B 51 51 90 68 62 4 1
Corsair Gaming, Inc. 1.4B 50 37 48 46 40 5 1
Stratasys Ltd. 1.3B 83 37 77 51 55 6 1
Avid Technology, Inc. 1.2B 58 59 45 94 74 7 1
Dell Technologies Inc. 37.2B 68 50 68 85 72 8 1
HP Inc. 36.5B 56 59 60 59 57 9 1
Hewlett Packard Enterprise Company 18.4B 77 52 62 71 66 10 1
Pure Storage, Inc. 8.0B 94 91 64 97 95 11 1
3D Systems Corporation 1.3B 58 40 61 65 55 12 1
IonQ, Inc. 957.0M 69 66 54 98 82 13 1
Nano Dimension Ltd. 834.0M 69 70 74 55 70 14 1
Canaan Inc. 600.4M 67 69 73 46 57 15 1
CompoSecure, Inc. 441.4M 77 76 46 48 58 16 1
Eastman Kodak Company 419.9M 84 50 50 54 57 17 1
Coolpad Group Limited 275.6M 59 74 79 43 58 18 1
Turtle Beach Corporation 227.4M 87 38 87 51 60 19 1
Diebold Nixdorf, Incorporated 190.3M 38 38 59 72 53 20 1

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