NetApp (NTAP)


November 30, 2022

NTAP: Beat and Lower as Expected

By Steven Fox

We are reducing our F2023E (Apr) EPS from $5.50 to $5.40 (+2% YoY) and F2024E EPS from $6.05 to $5.70 (+5% YoY) for NetApp (NTAP; $71.79; E/W) after the company delivered a “beat and lower”…

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November 29, 2022

NTAP: First Look at FQ2 (Oct) Results and Outlook

By Steven Fox

NetApp (NTAP; $71.79; E/W) reported FQ2 (Oct) non-GAAP EPS of $1.48, which was ahead of our $1.34 and the Street’s $1.33, albeit helped along by ~$0.10 of benefits from non-operating items relative to our modeling…

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November 22, 2022

NTAP: Expect Some Moderation in Outlook

By Steven Fox

We assume some sort of moderate “beat and lower” from NetApp (NTAP; $73.88; E/W) reports its FQ2 (Oct) results and outlook next Tuesday (11/29 after market). We expect another gradual realization from management that macro…

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November 4, 2022

NTAP: Insight Keynote Highlights

By Steven Fox

Earlier this week, we virtually sat in on the keynote presentation at NetApp’s (NTAP; $68.04; E/W) Insight 2022 user conference, led by CEO George Kurian, which highlighted NTAP’s vision for the “evolved cloud” that aims…

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August 22, 2022

Too Many Wild Cards

By Steven Fox

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June 21, 2022

10-K Tidbits

By Steven Fox

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June 2, 2022

More Moving Pieces Than Expected

By Steven Fox

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March 17, 2022

An Important Investor Day Ahead

By Steven Fox

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February 24, 2022

A Mixed Bag to Sort Out

By Steven Fox

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February 18, 2022

Moving Pieces to Consider into Earnings

By Steven Fox

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