Exhibit 99.1 NetApp Reports Second Quarter of Fiscal Year 2025 Results Net revenues of $1.66 billion for the second quarter; 6% year-over-year increase • Record all-flash array annualized net revenue run rate 1 of $3.8 billion, an increase of 19% year-over-year • First party and marketplace cloud storage services revenue grew approximately 43% year-over-year • Second quarter GAAP operating margin of 21%; record second quarter non-GAAP operating margin 2 of 29% • Second quarter GAAP net income per share 3 of ...

In its upcoming report, NetApp (NTAP) is predicted by Wall Street analysts to post quarterly earnings of $1.79 per share, reflecting an increase of 13.3% compared to the same period last year. Revenues are forecasted to be $1.64 billion, representing a year-over-year increase of 5.3%.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial proje ...

Investors in NetApp, Inc. (NTAP) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $30.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...

NetApp (NTAP) is slated to release second-quarter fiscal 2025 earnings on Nov. 21.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company expects non-GAAP earnings per share to be between $1.73 and $1.83 for the quarter. The Zacks Consensus Estimate is pegged at $1.79 per share, indicating an increase of 13.3% from the year-ago level.Net revenues are anticipated in the range of $1.565-$1.715 billion. The Zacks Consensus Estimate is pegged at $1.64 billion, implying a 5.3% increa ...

The market expects NetApp (NTAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 21, 2024, might help the stock move higher if these key numbers are b ...

NetApp, Inc. (NTAP) recently announced an enhanced partnership with Red Hat, a premium provider of open-source solutions, to transform enterprise application development and management within virtual environments. By combining NTAP’s expertise in intelligent data infrastructure with the Red Hat OpenShift platform, the initiative empowers businesses to effortlessly manage on-premises and hybrid multi-cloud environments.Businesses today face mounting pressure to innovate quickly and develop applications that ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

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The Zacks Computer-Storage Devices industry players are likely to gain from solid momentum in cloud computing, Internet of Things (IoT), auto, connected devices, virtual reality and Artificial Intelligence (AI) in the long run. These factors propel the demand for robust data storage solutions, bolstering computer storage product requirements. These factors are favorable for prominent industry players like Super Micro Computer, Inc. (SMCI) , NetApp (NTAP) and Pure Storage (PSTG) . The democratization of high ...

NetApp, Inc.'s (NTAP) innovations in ransomware protection have augmented its cyber resiliency portfolio, highlighting its commitment to offering the best-in-class secure storage solutions in the market.  The company recently launched NetApp ONTAP Autonomous Ransomware Protection with artificial intelligence (ARP/AI) solution, which boasts an impressive 99% accuracy in identifying ransomware threats. NetApp has also rolled out updates to its BlueXP ransomware protection service, strengthening its commitment ...