NetApp enters fiscal 2027 with stronger AI, flash and cloud demand, but premium valuation and margin pressure leave less room for execution missteps.

TD Waterhouse Canada Inc. lowered its position in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 46.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,306 shares of the data storage provider

Nykredit A S purchased a new position in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 68,380 shares of the data storage provider

Munich Reinsurance Co Stock Corp in Munich grew its stake in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 407.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 310,200 shares o

NetApp Q1 FY27 EPS of $2.58 beat estimates by 21.7%; revenue rose 30% YoY to $2.03 billion. Full-year FY27 EPS guidance raised to $9.73-$10.03; revenue guidance lifted to $7.98-$8.23 billion. Q2 gross margin expected to fall to 67-68% due to higher product mix and component cost pressures. Stock fell nearly 10% in extended trading despite strong earnings and raised outlook.

NetApp Inc. stock is trading near record levels as investors digest a strong fiscal 2027 first quart

NetApp and Ciena delivered unusually strong results within a day of each other. NetApp’s fiscal Q1 revenue rose 30% to $2.03 billion, all-flash array sales grew 47% to $1.3 billion, and management raised full-year guidance. Ciena’s fiscal Q3 revenue climbed 37% to $1.67 billion, while adjusted earnings per share rose 215% to $2.11. NetApp, Inc. […]

Raiffeisen Bank International AG raised its holdings in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 24.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,833 shares of the data storage provider

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) 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

NetApp (NASDAQ:NTAP) expands its AWS integration through Amazon FSx support, strengthening its hybrid cloud data management platform.

NetApp Q1FY27 adjusted EPS was $2.58, up 66% YoY and beating the $2.12 estimate. Revenue rose 30% to $2.03 billion, surpassing the $1.84 billion consensus. Full-year FY27 EPS guidance raised to $9.73-$10.03, above the $9.01 estimate. New AWS Transform integration enables direct block storage migration to Amazon FSx.

NetApp posts record fiscal Q1 results as AI and modernization demand fuels revenue growth, flash momentum and a raised fiscal 2027 outlook.