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NTAP

Netapp Inc

$75.17

Earnings Summary

Revenue
$1680Mn
Net Profits
$259Mn
Net Profit Margins
15.42%

Highlights

Revenue:

Netapp Inc’s revenue jumped 8.04% since last year same period to $1680Mn in the Q2 2022. On a quarterly growth basis, Netapp Inc has generated 4.09% jump in its revenue since last 3-months.

Net Profits:

Netapp Inc’s net profit fell -22.46% since last year same period to $259Mn in the Q2 2022. On a quarterly growth basis, Netapp Inc has generated 2.78% jump in its net profits since last 3-months.

Net Profit Margins:

Netapp Inc’s net profit margin fell -28.22% since last year same period to 15.42% in the Q2 2022. On a quarterly growth basis, Netapp Inc has generated -1.26% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Netapp Inc post its latest quarter earnings

EPS Estimate Current Quarter
1.1
EPS Estimate Current Year
1.1

Highlights

EPS Estimate Current Quarter:

Netapp Inc’s earning per share (EPS) estimates for the current quarter stand at 1.1 - a -14.06% fall from last quarter’s estimates.

EPS Estimate Current Year:

Netapp Inc’s earning per share (EPS) estimates for the current year stand at 1.1.

Key Ratios

Key ratios of the Netapp Inc post its Q2 2022 earnings

Earning Per Share (EPS)
1.42

Highlights

Earning Per Share (EPS):

Netapp Inc’s earning per share (EPS) jumped 21.37% since last year same period to 1.42 in the Q2 2022. This indicates that the Netapp Inc has generated 21.37% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-06-16
1.28
1.42
10.94%
2022-03-02
1.29
1.44
11.63%

Company Information

NetApp, Inc. is a data storage and management technology company that develops products like StorageGRID, NetApp HCI, Azure Enterprise NFS Service, Elio, Active IQ and SolidFire Element OS 10 Cloud data services, data storage software, data backup, and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid-flash storage are some of its services. David Hitz, James K. Lau, and Michael Malcolm established the Sunnyvale, California-based corporation in April 1992. NetApp, previously Network Appliance Inc., is a data storage and management hardware and software firm. Businesses and service providers utilise NetApp storage solutions to store and transport enormous digital data across physical and hybrid cloud environments. NetApp offers all-flash and hybrid storage systems for block, file, and object storage. NetApp storage devices support VMware vSphere for virtual workloads and interface with popular public cloud service providers. T Businesses and service providers use NetApp storage systems to store and transport massive amounts of digital data across physical and hybrid cloud environments.NetApp offers all-flash and hybrid storage solutions for block, file, and object storage.NetApp ensures that mission-critical data is always accessible. Because synchronous replication is built into our DNA, we don't need to allocate new workloads to pods to replicate a new dataset.NetApp recovery times are measured in seconds at the petabyte scale.NetApp is the enterprise's fastest-growing SAN storage vendor: NetApp's exceptional performance will help you speed your SAN solutions. Use the best cloud-connected infrastructure to transfer and secure your data across your hybrid cloud environment. NetApp has a great culture and great people in general. Under the current CEO and management team, the company's financials have improved, and they are attempting to position the company for the future. Compensation and benefits are competitive, and there is a significant annual bonus depending on company success. For organisations, ONTAP optimises AWS, allowing them to achieve more in the cloud. Meet cloud needs like primary file storage for SaaS apps, data lift-and-shift migrations, enterprise-grade file sharing, disaster recovery, and cloud workload optimization. Currently Netapp Inc has a market cap of $15.6 Billion. It has a P.E ratio of 15.37. The shares of Netapp Inc are trading at $67.77. .

Organisation
Netapp Inc
Headquarters
Sunnyvale, California, US
Employees
10.8K
Industry
Electronic Technology
CEO
George Kurian