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NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp…

While mega-cap AI stocks tend to grab most of the attention, investors shouldn't overlook Ciena (CIEN) and NetApp (NTAP) following record earnings reports this week.

NetApp's record Q1 FY27 results show strong Hybrid and Public Cloud momentum as AI demand and modernization drive growth.

B. Metzler seel. Sohn and Co. AG lessened its stake in shares of NetApp, Inc. (NASDAQ: NTAP) by 43.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,897 shares of the data storage provider's stock after selling 31,445 shares during the period. B.

NetApp (NASDAQ: NTAP) reported a record start to fiscal 2027, with first-quarter revenue rising 30% year over year to $2.03 billion and non-GAAP earnings per share increasing 66% to $2.58. The company said results exceeded the high end of its guidance ranges and reflected broad demand across its hybrid cloud, public cloud, all-flash and storage-as-a-service offerings.

NTAP raises its fiscal 2027 outlook as broad-based demand, AI-led infrastructure upgrades and flash momentum strengthen confidence in growth.