NetApp Set to Announce Q4 Earnings on May 28
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 49 minutes ago
0mins
Source: seekingalpha
- Earnings Announcement: NetApp is scheduled to release its Q4 earnings on May 28, with consensus EPS estimates at $2.27, reflecting a 17.6% year-over-year increase, which could further solidify its leadership in the cloud storage market.
- Revenue Growth Expectations: Analysts predict Q4 revenue will reach $1.87 billion, representing an 8.1% year-over-year growth, indicating significant progress in expanding its cloud services and storage solutions.
- Strong Performance Record: Over the past two years, NetApp has exceeded EPS and revenue estimates 88% of the time, showcasing its robust market adaptability and profitability, which may attract more investor interest.
- Partnership with Google Cloud: NetApp has secured a four-year deal with Google Cloud to provide storage solutions for public agencies, enhancing its competitive position in the market and potentially providing new revenue growth opportunities.
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Analyst Views on NTAP
Wall Street analysts forecast NTAP stock price to fall
19 Analyst Rating
6 Buy
13 Hold
0 Sell
Moderate Buy
Current: 138.950
Low
110.00
Averages
124.21
High
137.00
Current: 138.950
Low
110.00
Averages
124.21
High
137.00
About NTAP
NetApp, Inc. is an intelligent data infrastructure company combining unified data storage, integrated data, operational and workload services. It creates silo-free infrastructure, harnessing observability and AI to enable data management. Its operational and workload services provide continuous optimization of performance and efficiency for infrastructure and workloads through observability and AI. Its Hybrid Cloud segment provides a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. Its Public Cloud segment offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage, data services and operational services. These solutions and services are available in the public clouds, including Amazon AWS, Microsoft Azure, and Google Cloud.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NetApp Set to Announce Q4 Earnings on May 28
- Earnings Announcement: NetApp is scheduled to release its Q4 earnings on May 28, with consensus EPS estimates at $2.27, reflecting a 17.6% year-over-year increase, which could further solidify its leadership in the cloud storage market.
- Revenue Growth Expectations: Analysts predict Q4 revenue will reach $1.87 billion, representing an 8.1% year-over-year growth, indicating significant progress in expanding its cloud services and storage solutions.
- Strong Performance Record: Over the past two years, NetApp has exceeded EPS and revenue estimates 88% of the time, showcasing its robust market adaptability and profitability, which may attract more investor interest.
- Partnership with Google Cloud: NetApp has secured a four-year deal with Google Cloud to provide storage solutions for public agencies, enhancing its competitive position in the market and potentially providing new revenue growth opportunities.
See More
NetApp to Participate in Multiple Technology Conferences
- Conference Participation: NetApp will participate in the BofA Securities Technology Conference on June 2 and the Evercore TMT Conference on June 3, with CFO Wissam Jabre presenting at 3:20-3:50 PM and 3:00-3:45 PM Pacific Time respectively, showcasing the company's advancements in intelligent data infrastructure.
- Live Webcast Availability: Audio webcasts of the presentations will be available during the conferences, allowing investors to listen live via the NetApp investor website, with archives provided post-event to ensure access for those unable to attend in real-time.
- Intelligent Data Infrastructure: As an intelligent data infrastructure company, NetApp focuses on helping customers turn data into catalysts for innovation and growth, with its data platform designed to separate storage, services, and control, enabling enterprises to modernize quickly and scale efficiently, enhancing competitive positioning.
- Industry Leadership: With its native embedding in the world's largest cloud platforms, NetApp offers consistent performance and governance capabilities, allowing organizations to run workloads freely in any environment, further solidifying its leadership in the data management sector.
See More
Wall Street Trading Week Outlook and Focus
- Salesforce Earnings Outlook: Salesforce is set to report earnings on Wednesday, with market concerns about its AI business still prevalent; analysts expect revenue of $11.05 billion and EPS of $3.12, and strong revenue growth could alleviate worries about slowing growth in its legacy business.
- Costco Membership Renewal Challenges: Costco will report earnings on Thursday, with expected revenue of $69.73 billion and EPS of $4.93; while high oil prices may pressure profit margins, its membership model and bulk selling strategy are likely to attract consumers, especially during periods of rising gas prices.
- Economic Data Focus: The personal consumption expenditures (PCE) price index will be released on Thursday, with a year-over-year increase expected at 3.8% and a core increase of 3.3%, which will influence the Federal Reserve's rate hike decisions, leaving the market uncertain about future rate changes.
- Investor Conference Season: This week marks the start of investor conference season, with Boeing, Johnson & Johnson, and others attending the Bernstein Strategic Decisions Conference, where analyst questions may reveal insights into market perceptions of company futures, making it a key event to watch.
See More
Stock Market Shows Strength Ahead of Holiday Weekend
- Market Recovery: The S&P 500 index reached a record high above 7,500 in May after recovering from March lows, indicating strong market recovery, although it remains just below that record, reflecting optimistic investor sentiment.
- Declining Cash Holdings: A Bank of America Securities survey shows professional investors' cash levels dropped from 4.3% to 3.9%, nearing the 4.0% sell signal, indicating that investors are chasing the market rally but may soon face capital shortages.
- Increased Inflation Pressure: The upcoming personal consumption expenditures price index is expected to show core PCE rising to 3.4% year-over-year in April, up from 3.2% in March, potentially increasing pressure on the Federal Reserve to raise interest rates, which could affect market sentiment.
- Economic Data Impact: Next week will see several economic data releases and earnings reports from key tech companies that could significantly impact the markets, particularly consumer commentary from Costco and Dollar Tree, which may trigger market volatility.
See More
Surge in Options Trading Volume for Camden and Synopsys
- Camden Options Volume: Camden Property Trust saw options trading volume of 6,240 contracts, equivalent to approximately 624,000 shares, representing 51.8% of its average daily trading volume of 1.2 million shares over the past month, indicating strong market interest in its future performance.
- High Strike Demand: Notably, the $115 strike call option expiring on June 18, 2026, has seen 6,168 contracts traded today, representing about 616,800 underlying shares, suggesting investor expectations for a price increase in Camden's stock.
- Synopsys Options Activity: Synopsys Inc experienced an options trading volume of 8,308 contracts, translating to approximately 830,800 shares, which is 51.7% of its average daily trading volume of 1.6 million shares over the past month, reflecting strong interest in its stock.
- Bullish Call Options: The $530 strike call option expiring on May 22, 2026, has particularly high activity with 1,551 contracts traded today, representing around 155,100 shares, indicating investor confidence in Synopsys's future growth prospects.
See More
NetApp Shares Rise Amid Takeover Speculation
- Takeover Speculation: NetApp (NTAP) shares rose by 2.1% amid takeover speculation, although it remains unclear which company is pursuing NetApp, creating uncertainty that could influence investor sentiment.
- Earnings Report Preview: NetApp is set to report its Q4 results on May 28, and expectations surrounding its performance will directly impact stock price movements, especially in light of the takeover rumors, prompting investors to closely monitor its financial results.
- Revenue Growth Target: NetApp outlines an 8% revenue growth target for Q4, driven by strong momentum in AI and cloud services, indicating the company's competitiveness in rapidly evolving tech sectors, which may attract more investor interest.
- Partnership with Google Cloud: NetApp has secured a four-year deal with Google Cloud to provide storage solutions for public agencies, a strategic collaboration that not only strengthens its market position but also supports potential future revenue growth.
See More
NetApp Set to Announce Q4 Earnings on May 28
- Earnings Announcement: NetApp is scheduled to release its Q4 earnings on May 28, with consensus EPS estimates at $2.27, reflecting a 17.6% year-over-year increase, which could further solidify its leadership in the cloud storage market.
- Revenue Growth Expectations: Analysts predict Q4 revenue will reach $1.87 billion, representing an 8.1% year-over-year growth, indicating significant progress in expanding its cloud services and storage solutions.
- Strong Performance Record: Over the past two years, NetApp has exceeded EPS and revenue estimates 88% of the time, showcasing its robust market adaptability and profitability, which may attract more investor interest.
- Partnership with Google Cloud: NetApp has secured a four-year deal with Google Cloud to provide storage solutions for public agencies, enhancing its competitive position in the market and potentially providing new revenue growth opportunities.
See More
NetApp to Participate in Multiple Technology Conferences
- Conference Participation: NetApp will participate in the BofA Securities Technology Conference on June 2 and the Evercore TMT Conference on June 3, with CFO Wissam Jabre presenting at 3:20-3:50 PM and 3:00-3:45 PM Pacific Time respectively, showcasing the company's advancements in intelligent data infrastructure.
- Live Webcast Availability: Audio webcasts of the presentations will be available during the conferences, allowing investors to listen live via the NetApp investor website, with archives provided post-event to ensure access for those unable to attend in real-time.
- Intelligent Data Infrastructure: As an intelligent data infrastructure company, NetApp focuses on helping customers turn data into catalysts for innovation and growth, with its data platform designed to separate storage, services, and control, enabling enterprises to modernize quickly and scale efficiently, enhancing competitive positioning.
- Industry Leadership: With its native embedding in the world's largest cloud platforms, NetApp offers consistent performance and governance capabilities, allowing organizations to run workloads freely in any environment, further solidifying its leadership in the data management sector.
See More
Wall Street Trading Week Outlook and Focus
- Salesforce Earnings Outlook: Salesforce is set to report earnings on Wednesday, with market concerns about its AI business still prevalent; analysts expect revenue of $11.05 billion and EPS of $3.12, and strong revenue growth could alleviate worries about slowing growth in its legacy business.
- Costco Membership Renewal Challenges: Costco will report earnings on Thursday, with expected revenue of $69.73 billion and EPS of $4.93; while high oil prices may pressure profit margins, its membership model and bulk selling strategy are likely to attract consumers, especially during periods of rising gas prices.
- Economic Data Focus: The personal consumption expenditures (PCE) price index will be released on Thursday, with a year-over-year increase expected at 3.8% and a core increase of 3.3%, which will influence the Federal Reserve's rate hike decisions, leaving the market uncertain about future rate changes.
- Investor Conference Season: This week marks the start of investor conference season, with Boeing, Johnson & Johnson, and others attending the Bernstein Strategic Decisions Conference, where analyst questions may reveal insights into market perceptions of company futures, making it a key event to watch.
See More
Stock Market Shows Strength Ahead of Holiday Weekend
- Market Recovery: The S&P 500 index reached a record high above 7,500 in May after recovering from March lows, indicating strong market recovery, although it remains just below that record, reflecting optimistic investor sentiment.
- Declining Cash Holdings: A Bank of America Securities survey shows professional investors' cash levels dropped from 4.3% to 3.9%, nearing the 4.0% sell signal, indicating that investors are chasing the market rally but may soon face capital shortages.
- Increased Inflation Pressure: The upcoming personal consumption expenditures price index is expected to show core PCE rising to 3.4% year-over-year in April, up from 3.2% in March, potentially increasing pressure on the Federal Reserve to raise interest rates, which could affect market sentiment.
- Economic Data Impact: Next week will see several economic data releases and earnings reports from key tech companies that could significantly impact the markets, particularly consumer commentary from Costco and Dollar Tree, which may trigger market volatility.
See More
Surge in Options Trading Volume for Camden and Synopsys
- Camden Options Volume: Camden Property Trust saw options trading volume of 6,240 contracts, equivalent to approximately 624,000 shares, representing 51.8% of its average daily trading volume of 1.2 million shares over the past month, indicating strong market interest in its future performance.
- High Strike Demand: Notably, the $115 strike call option expiring on June 18, 2026, has seen 6,168 contracts traded today, representing about 616,800 underlying shares, suggesting investor expectations for a price increase in Camden's stock.
- Synopsys Options Activity: Synopsys Inc experienced an options trading volume of 8,308 contracts, translating to approximately 830,800 shares, which is 51.7% of its average daily trading volume of 1.6 million shares over the past month, reflecting strong interest in its stock.
- Bullish Call Options: The $530 strike call option expiring on May 22, 2026, has particularly high activity with 1,551 contracts traded today, representing around 155,100 shares, indicating investor confidence in Synopsys's future growth prospects.
See More
NetApp Shares Rise Amid Takeover Speculation
- Takeover Speculation: NetApp (NTAP) shares rose by 2.1% amid takeover speculation, although it remains unclear which company is pursuing NetApp, creating uncertainty that could influence investor sentiment.
- Earnings Report Preview: NetApp is set to report its Q4 results on May 28, and expectations surrounding its performance will directly impact stock price movements, especially in light of the takeover rumors, prompting investors to closely monitor its financial results.
- Revenue Growth Target: NetApp outlines an 8% revenue growth target for Q4, driven by strong momentum in AI and cloud services, indicating the company's competitiveness in rapidly evolving tech sectors, which may attract more investor interest.
- Partnership with Google Cloud: NetApp has secured a four-year deal with Google Cloud to provide storage solutions for public agencies, a strategic collaboration that not only strengthens its market position but also supports potential future revenue growth.
See More
