NetApp (NTAP)

We are bumping up our F2026/F2027E (Apr) for NetApp (NTAP; $111.48; E/W) from $7.75/$8.50 to $7.90/$8.65, which now assumes average EPS growth of 9% YoY, after the company produced a solid FQ2 (Oct) “beat and…

We are generally comfortable with our estimates for NetApp (NTAP; $108.42; E/W) ahead of its FQ2 (Oct) results and outlook, scheduled for next Tuesday (11/25 after market). We think recent enterprise storage spending trends have…

On Tuesday (10/14), we attended NetApp’s (NTAP; $122.72; E/W) annual user conference, INSIGHT, in Las Vegas where we sat in on keynote presentations and joined the investor tech sessions afterwards. As usual, new product advancements…

We basically stick with our F2026 and F2027E (Apr) EPS for NetApp (NTAP; $114.38; E/W) at $7.75 and $8.50 (+7-10% per annum vs. +12% in F2025 and +16% in F2024) after the company reported as…

We expect some moderate upside from NetApp (NTAP; $107.80; E/W) when the company reports its FQ1 (Jul) results and outlook on Wednesday (8/27 after market) likely led by evidence of further market share gains from…

We reduce our F2026E (Apr) EPS for NetApp (NTAP; $99.21; E/W) from $8.00 to $7.75 after the company produced FQ4 (Apr) results that were a bit better than our and Street thinking, albeit with somewhat…

We remain comfortable with our estimates for NetApp (NTAP; $101.50; E/W) ahead of its FQ4 (Apr) results and outlook, scheduled for Thursday, May 29th (after market). We think recent enterprise storage spending trends have been…

This morning, NetApp (NTAP; $76.58; E/W) announced several new updates to Google Cloud NetApp Volumes, its fully managed, cloud-based data storage service, which aims to reduce complexity and increase performance for cloud storage workloads. As…

We adjust F2025/F2026E (Apr) EPS for NetApp (NTAP; $118.22; E/W) from $7.35/$8.05 to $7.23/$8.00, which equates to a still healthy average annual EPS growth of 11% across the two fiscal years. This is after NTAP…

NetApp (NTAP; $118.22; E/W) reported FQ3 (Jan) non-GAAP EPS of $1.91, which compared to our $1.92 and the Street’s $1.91 on somewhat lower than expected sales ($1,641mm vs. our $1,700mm and the Street’s $1,694mm). As…

We think NetApp (NTAP; $124.55; E/W) is well positioned to demonstrate some further share gains within the mid-range storage market, led by all flash array (AFA) demand, when it reports FQ3 (Jan) results and outlook…

We think recent FQ2 (Oct) results out of NetApp (NTAP; $118.14; E/W) and industry peers provide support for the idea that the stock is now at the low end of its trading range especially given…

We adjust F2025/F2026E (Apr) EPS for NetApp (NTAP; $126.68; E/W) from $7.15/$8.00 to $7.35/$8.05 after the company produced a solid FQ2 (Oct) “beat and raise”. Importantly, NTAP now targets F2025E EPS of $7.20-7.40, up from…

NetApp (NTAP; $126.68; E/W) reported FQ2 (Oct) non-GAAP EPS of $1.87, which was ahead of our $1.80 and the Street’s $1.78 on basically as expected sales ($1,658mm vs. our $1,650mm and the Street’s $1,645mm). As…

We remain comfortable with our estimates for NetApp (NTAP; $117.99; E/W) ahead of its FQ2 (Oct) results and outlook, scheduled for next Thursday (11/21 after-market). We see NTAP benefiting from at least a seasonal recovery…