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Headquartered in San Jose, California, NetApp, Inc. (NTAP) is a leading provider of data management and storage solutions dedicated to helping businesses manage and protect their data. With a market cap of $25.96 billion, NetApp offers a wide range of products, including storage systems, software, and cloud services. The company operates globally, delivering innovative solutions that enable organizations to enhance their data infrastructure, optimize performance, and drive digital transformation. NetApp is set to announce its fiscal Q1 earnings results on Wednesday, Aug. 28.
Ahead of the event, analysts expect NTAP to report a profit of $1.15 per share, up 36.9% from $0.84 per share in the year-ago quarter. In the last four quarters, the company has surpassed Wall Street’s bottom-line estimates in three and missed on another occasion.