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NetApp's fiscal Q1 beat and raised 2027 outlook spotlight AI storage demand, record flash and cloud sales, and the margin test ahead.
NetApp enters fiscal 2027 with stronger AI, flash and cloud demand, but premium valuation and margin pressure leave less room for execution missteps.
NetApp's 14.8% three-month gain rides record all-flash growth, rising AI deal sizes and a higher fiscal 2027 outlook, even as margin risks build.
Greenland Capital Management LP bought a new position in shares of NetApp, Inc. (NASDAQ: NTAP) during the undefined quarter, according to the company in its most recent filing with the SEC. The fund bought 6,116 shares of the data storage provider's stock, valued at approximately $947,000. Other institutional investors and hedge funds also
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.