Results for: NetApp

NetApp introduces new capabilities to enhance VMware Cloud Foundation deployments, offering mutual customers optimized IT environments for scaling VMware workloads. These enhancements, including integration with NetApp BlueXP and ONTAP software, aim to simplify hybrid cloud environments and provide cost-effective solutions for cloud migration. NetApp’s continued collaboration with Broadcom post-acquisition of VMware ensures seamless integration and maximizes the value of VMware environments for mutual customers.

NetApp exceeded analysts’ expectations for both earnings and revenue in the first quarter, driven by strong execution and a focus on its intelligent data infrastructure platform. Despite the positive results, the company’s stock fell 8% following the announcement as analysts adjusted their price targets.

NetApp is set to release its Q1 earnings on Wednesday, August 28th. Analysts anticipate strong performance with earnings projected to rise from the previous year. This article analyzes recent analyst ratings and price targets for NTAP stock, providing insights for potential investors.