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Barchart
Barchart
Kritika Sarmah

Here's What to Expect From NetApp’s Next Earnings Report

NetApp NTAP

San Jose, California-based NetApp, Inc. (NTAP) is a global leader in cloud data services and data management, providing innovative solutions that enable businesses to store, manage, and protect their data across on-premises and cloud environments. With a market cap of $25.6 billion, its portfolio includes cloud storage, hybrid cloud, and data protection solutions that help organizations enhance operational efficiency, accelerate digital transformation, and ensure data security. The company is scheduled to release its Q3 earnings report on Thursday, Mar. 6

Ahead of the event, analysts expect NetApp to report a profit of $1.54 per share, down 3.8% from $1.60 in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on another occasion.

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