NetApp (NTAP)

We are raising our F2027/2028E (Apr) EPS from $9.00/$9.90 to $10.00/$10.90 for NetApp (NTAP; $185.38; E/W) after the company’s FQ1 (July) EPS handily beat Street expectations and the company raised its F2027E EPS outlook, albeit…

We think investors are looking for NetApp (NTAP; $187.02; E/W) to provide, with its FQ2 (July) results and guidance, more meaningful evidence that data center modernization trends can drive a “full throated” upturn in storage…

We are bumping up our F2027E (Apr) EPS for NetApp (NTAP; $187.75; E/W) from $8.80 to $9.10 (+10% YoY vs. +13% in F2026) and initiating an F2028E EPS of $9.90 (+10% YoY) after the company…

We stick with our F2026/F2027E (Apr) EPS of $8.00/$8.80 on NetApp (NTAP; $118.97; E/W) ahead of its FQ4 (Apr) results, scheduled for next Thursday (5/28 after market). We currently model NTAP to be back on…

We bump up our F2026/2027E (Apr) EPS for NetApp (NTAP; $99.14; E/W) from $7.90/$8.65 to $8.00/$8.80, for average annual EPS growth of 10%, after the company produced a bit of a “beat and raise” with…

We expect a “mixed bag” from NetApp (NTAP; $101.68; E/W) when the company reports its FQ3 (Jan) results and guidance next Thursday (2/26 after market). On one hand, we assume NTAP can demonstrate at least…

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…