NetApp (NTAP) News & Sentiment

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a company focused on intelligent data infrastructure, has announced the pricing of $625 million in total for its 5.50% Senior Notes maturing in 2032, which will have an interest rate of 5.50% per year. Additionally, they are offering $625 million in 5.70% Senior Notes due in 2035, with an interest rate of 5.70% per year. The deal is expected to finalize on March 17, 2025, pending standard closing conditions.

Lately, users on Zacks.com have been focusing on NetApp (NTAP). This interest prompts a closer look at what the stock might offer.

ITASCA, Illinois, and SAN JOSE, California.

NTAP's performance in the third quarter of the fiscal year improved due to strong growth in all-flash, first-party, and marketplace cloud storage services. However, the company has reduced its revenue forecast for fiscal 2025.

Analysts believe that NetApp's lower revenue doesn't mean that there is a decline in IT spending.

NetApp (NTAP) reported quarterly earnings of $1.91 per share, matching the Zacks Consensus Estimate. This is a slight decrease compared to earnings of $1.94 per share from the same period last year.

NetApp, Inc. (NTAP) will announce its financial results for the third quarter after the market closes on Thursday, February 27.

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a company specializing in intelligent data infrastructure, has announced changes in its leadership to improve focus and teamwork. Beth O'Callahan, who is currently the Chief Legal Officer (CLO), will take on the additional role of Chief Administrative Officer (CAO). In her new position, she will still manage Legal, Compliance, Government Relations, and Sustainability.

NetApp (NTAP) has a strong track record of surprising with its earnings and currently has the right factors in place that suggest it may exceed expectations in its upcoming quarterly report.