NTAP

NEW YORK, June 25, 2026 /PRNewswire/ -- Fred Alger Management, LLC ("Alger"), a privately held growth equity investment manager, today announced the quarterly rebalancing of the Alger Russell Innovation Index ("Index"). Following the close of trading on Friday, June 26, 2026, the Index will be rebalanced, and the following changes will be effective. For additional information, please visit www.lseg.com. Unlock Your Growth Potential with AlgerFounded in 1964, Alger is recognized as a pioneer of growth-style investment management. Privately-owned and headquartered in New York City, Alger can help "Unlock Your Growth Potential" through a suite of growth equity separate accounts, mutual funds, ETFs, and privately offered investment vehicles. Alger's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for more than 60 years. For more information, please visit www.alger.com. Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies' earnings and may be more sensitive to market, political, and economic developments. This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Alger pays compensation to third party marketers to sell various strategies to prospective investors. London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). © LSE Group 2026. FTSE Russell is a trading name of certain of the LSE Group companies. "FTSE®" "Russell®", "FTSE Russell®" are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. View original content to download multimedia:https://www.prnewswire.com/news...

NEW YORK, June 22, 2026 /PRNewswire/ -- Fred Alger Management, LLC ("Alger"), a privately held growth equity investment manager, today announced the quarterly rebalancing of the Alger Russell Innovation Index ("Index"). Following the close of trading on Friday, June 26, 2026, the Index will be rebalanced, and the following changes will be effective. For additional information, please visit www.lseg.com. Unlock Your Growth Potential with Alger Founded in 1964, Alger is recognized as a pioneer of growth-style investment management. Privately-owned and headquartered in New York City, Alger can help "Unlock Your Growth Potential" through a suite of growth equity separate accounts, mutual funds, ETFs, and privately offered investment vehicles. Alger's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for more than 60 years. For more information, please visit www.alger.com. Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies' earnings and may be more sensitive to market, political, and economic developments. This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Alger pays compensation to third party marketers to sell various strategies to prospective investors. London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). © LSE Group 2026. FTSE Russell is a trading name of certain of the LSE Group companies. "FTSE®" "Russell®", "FTSE Russell®" are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. View original content to download multimedia:https://www.prnewswire.com/new...

Investors signalled that they were pleased with NetApp, Inc.'s (NASDAQ:NTAP) most recent earnings report. Looking deeper at the numbers, we found several encouraging factors beyond the headline profit numbers. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. NetApp has an accrual ratio of -1.73 for the year to April 2026. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. In fact, it had free cash flow of US$1.9b in the last year, which was a lot more than its statutory profit of US$1.28b. NetApp's free cash flow improved over the last year, which is generally good to see. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Happily for shareholders, NetApp produced plenty of free cash flow to back up its statutory profit numbers. Based on this observation, we consider it possible that NetApp's statutory profit actually understates its earnings potential! And on top of that, its earnings per share have grown at 9.2% per year over the last three years. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. So if you'd like to dive deeper into this stock, it's cr...

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. NetApp (NTAP) is back in focus after reporting quarterly results that topped analyst expectations, supported by demand for AI focused data infrastructure and cloud solutions, as well as fresh collaborations with Cisco and Splunk. See our latest analysis for NetApp. The stock has cooled in the last week, with a 1 day share price return of 6.61% down and a 7 day return of 4.16% down, following a very strong 30 day share price return of 41.56% and a 1 year total shareholder return of 60.26%, which reflects recent momentum after the latest earnings beat and new Cisco and Splunk collaborations. If NetApp’s AI and data infrastructure story has your attention, it can be useful to see what else is moving in adjacent areas through the 48 AI infrastructure stocks With NetApp trading close to both analyst targets and one intrinsic value estimate, and having rallied strongly over the past year, you have to ask yourself whether there is still mispricing here or if the market is already factoring in future growth. NetApp’s most followed narrative puts fair value at about $167.93 per share compared with a last close of $167.04. This keeps the focus firmly on whether its AI and hybrid cloud engine can justify that number. Read the complete narrative. Curious how that fair value ties together AI wins, subscription storage, and margin assumptions. The narrative leans on a carefully staged glide path for revenue, profitability, and future P/E multiples without assuming breakneck growth. Result: Fair Value of $167.93 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, you still need to weigh risks such as pressure on gross margins from higher memory and component costs, as well as intensifying competition in cloud and on premises storage. Wall Street's queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab's valuation page. The DCF work and analyst fair value suggest NetApp is about 2.1% below one fair value estimate, yet its P/E of 25.6x sits slightly above the global tech average of 24.9x, and below a fair r...

NetApp’s first quarter results saw a marked positive response from the market, as revenue and non-GAAP earnings per share both exceeded Wall Street expectations. Management attributed the robust top-line growth to strong enterprise demand for AI-enabled data infrastructure and continued momentum in both public cloud and all-flash storage solutions. CEO George Kurian emphasized that NetApp’s ability to support real-time, secure, and hybrid data activation for AI workloads helped the company win significant new business, particularly with large enterprises and cloud service providers. The company also highlighted the success of its Keystone storage-as-a-service offering and pointed to operational discipline as a key factor behind the improved operating margin. Is now the time to buy NTAP? Find out in our full research report (it’s free). Revenue: $1.95 billion vs analyst estimates of $1.87 billion (12.5% year-on-year growth, 4.1% beat) Adjusted EPS: $2.43 vs analyst estimates of $2.27 (7.2% beat) Revenue Guidance for Q2 CY2026 is $1.83 billion at the midpoint, above analyst estimates of $1.68 billion Adjusted EPS guidance for the upcoming financial year 2027 is $8.85 at the midpoint, beating analyst estimates by 3.7% Operating Margin: 27.3%, up from 20.1% in the same quarter last year Billings: $2.16 billion at quarter end, up 6.4% year on year Market Capitalization: $35.73 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. David Vogt (UBS) asked about the sustainability of all-flash demand and whether pricing changes or accelerated purchasing affected quarterly results. CEO George Kurian said Q4 results were primarily driven by previously anticipated large deals, with minimal impact from accelerated decision-making. Amit Daryanani (Evercore ISI) inquired about the balance of average selling price versus unit growth in all-flash arrays and the attachment rate of AI compute deployments. Kurian noted that both high-performance and capacity flash segments contributed to growth, especially in AI use cases. Erik Woodring (Morgan Stanley) questioned how much of next year’s revenue outlook is attributable to AI wins and...

In late May 2026, NetApp, Inc. reported fourth-quarter revenue of US$1,948 million and full-year revenue of US$6,925 million, with both net income and earnings per share from continuing operations increasing compared with the prior year. Alongside affirming a US$0.52 per-share dividend, NetApp issued fiscal 2027 guidance that points to higher operating margins and earnings per share, underpinned by growing demand tied to AI infrastructure and cloud-related storage deployments. Now, we’ll examine how NetApp’s stronger guidance and AI-driven demand could reshape the existing investment narrative for the company. Outshine the giants: these 14 early-stage AI stocks could fund your retirement. To own NetApp, you need to believe its position at the intersection of AI infrastructure, hybrid cloud and high‑performance storage can support durable demand despite competitive and technology shifts. The latest earnings beat and higher fiscal 2027 guidance reinforce AI and cloud as the key near term catalyst, while the biggest current risk is that this AI driven spending proves less repeatable or more cyclical than recent results suggest. For now, the news supports rather than changes that risk‑reward balance. The most relevant announcement is the new fiscal 2027 outlook, which calls for net revenue of US$7.325 billion to US$7.575 billion and operating margins of 22.1% to 23.1%. Management explicitly linked this to AI‑related storage, public cloud services and large deals, tying the short term upside case to whether NetApp can convert today’s AI infrastructure momentum into ongoing demand without sacrificing pricing or profitability as competition and cloud partners respond. Yet, while AI is a clear tailwind, investors should be aware that concentrated large deals and AI projects could still leave NetApp exposed if... Read the full narrative on NetApp (it's free!) NetApp's narrative projects $7.9 billion revenue and $1.5 billion earnings by 2029. This requires 5.5% yearly revenue growth and a $0.3 billion earnings increase from $1.2 billion today. Uncover how NetApp's forecasts yield a $117.13 fair value, a 33% downside to its current price. Before this earnings beat, the most bullish analysts were already penciling in about US$8.6 billion of revenue and US$1.7 billion of earnings by 2029, which is far more optimistic than the baseline view. If you focus on their thesis t...

NetApp, Inc. NTAP used its fourth-quarter 2026 earnings call to make a forward-looking case that enterprise AI is shifting from experimentation to real infrastructure spending. Management tied the quarter’s outperformance to large deals, rising all-flash demand and stronger cloud adoption. The bigger message was about fiscal 2027. Executives said demand remains broad-based, while guidance calls for faster revenue growth even as the company manages higher component costs and watches for pockets of accelerated customer purchasing. Chief executive officer George Kurian framed fiscal 2026 as a record year built on hybrid cloud, public cloud and AI-related demand. He said NetApp is benefiting as customers try to activate large pools of unstructured data across on-premises and cloud environments. That message showed up in the quarter’s numbers. NetApp reported non-GAAP earnings of $2.43 per share, beating the Zacks Consensus Estimate of $2.27. Revenues of $1.95 billion surpassed the Zacks Consensus Estimate of $1.86 billion. The reported surprises were 7.05% for earnings and 4.51% for revenues. NetApp, Inc. price-consensus-eps-surprise-chart | NetApp, Inc. Quote Kurian also emphasized that AI was not a side story. NetApp logged about 500 AI and data-preparation wins in the quarter and more than 1,100 for fiscal 2026, with management presenting that activity as a central reason for its confidence entering the new year. Management pointed to several businesses hitting new highs. Fiscal 2026 public cloud revenues reached $688 million, while all-flash revenues rose to $4.2 billion. In the fourth quarter alone, all-flash revenues climbed 18% year over year to $1.2 billion, and public cloud revenues rose 11% to $182 million. Kurian said demand has been strongest where AI workloads require high-performance storage and data mobility. He also highlighted Keystone, revenues for which grew about 65% in fiscal 2026, as customers sought more consumption-based buying models. The company paired that demand narrative with product and partnership updates, including AI Data Engine, new high-performance storage systems and an expanded Google Cloud collaboration tied to Google Distributed Cloud. Those announcements supported management’s argument that NetApp is widening its reach in sovereign, regulated and AI-intensive deployments. Chief financial officer Wissam Jabre said the compa...

Hewlett Packard Enterprise (NYSE:HPE), which provides servers, storage, networking, and AI solutions for businesses, closed Monday at $47.06, up 9.35%. The stock moved even higher after hours, following HPE's impressive earnings and guidance beats. As of 4:30 p.m. ET, HPE stock is up roughly 30% in after-market trading. Trading volume reached 75.6 million shares, about 287% above its three-month average of 19.6 million shares. Hewlett Packard Enterprise IPO'd in 2015 and has grown 389% since going public. The S&P 500 added 0.27% to finish Monday’s session at 7,600, while the Nasdaq Composite rose 0.42% to close at 27,087. Within enterprise technology solutions, Dell Technologies closed at $465.96, gaining 10.70%, and NetApp finished at $179.70, up 3.10%, underscoring strong interest in AI-focused infrastructure providers. Despite already rising 13% on Friday (buoyed by its main peer, Dell’s impressive results), and moving 9% higher during market hours today, Hewlett Packard Enterprise has soared again after hours on the back of some truly impressive Q2 earnings results. HPE’s revenue and EPS rose 40% and 108%, respectively, as the company continued to be a beneficiary of the AI boom. Both the company’s AI orders and AI backlog nearly doubled compared to last year, and traditional server orders more than doubled versus last year, “as customers modernize compute infrastructure and invest in AI inferencing.” Despite its share price surge over the last two trading days, HPE still only trades at 18 times forward earnings. Before you buy stock in Hewlett Packard Enterprise, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Hewlett Packard Enterprise wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $463,900!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,294,401!* That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an inves...

NetApp (NTAP) stock jumped about 22% on May 29 after reporting strong fourth-quarter earnings and raising expectations for FY2027. Morgan Stanley responded by lifting its price target from $88 to $137, citing growing evidence that enterprise AI spending is beginning to translate into real storage demand. AI deployments are driving new orders and supporting growth, but investors want to see whether NetApp can turn that momentum into sustained earnings growth while managing higher memory costs. Morgan Stanley's biggest takeaway from the quarter was that AI activity is translating into meaningful infrastructure spending. NetApp reported roughly 500 AI and data-preparation wins during the quarter, helping revenue rise 12% year-over-year to $1.95 billion, while all-flash array revenue climbed 18% to $1.2 billion. Morgan Stanley said the growing number of AI deployments suggests enterprise spending is moving beyond experimentation and into production environments. That momentum helped support FY2027 revenue guidance of $7.325-$7.575 billion, which indicates stronger growth than many investors expected. Morgan Stanley noted that demand appears increasingly tied to enterprise AI adoption and hybrid cloud deployments rather than temporary spending trends. Additionally, Morgan Stanley noted that a growing portion of AI wins are coming from customers outside NetApp's installed base, suggesting the company is gaining exposure to new AI workloads rather than simply benefiting from refresh cycles. Investors now want to see whether AI-related storage spending continues to broaden through FY2027. If all-flash growth remains strong and AI deployments continue expanding across enterprise customers, NetApp's most recent quarter could mark the beginning of a larger spending cycle. While the revenue outlook improved, Morgan Stanley believes margins remain the largest risk to the story. NetApp guided for FY2027 gross margins to be about 68.5% to 69.5%, below the 70.5% delivered in the fiscal fourth quarter. Management pointed to elevated NAND and DRAM costs as the primary headwind and said product gross margin should bottom in the fiscal fourth quarter before gradually improving through the year. Trending Stock News: Morgan Stanley resets MongoDB stock price target after earnings Analog Devices CEO drops bombshell message on exploding AI infrastructure demand Cisco CEO predicts A...

NetApp, Inc. NTAP reported strong fourth-quarter fiscal 2026 results, with both top and bottom lines surpassing the Zacks Consensus Estimate.The company’s performance highlights its ability to benefit from the accelerating adoption of enterprise AI and cloud technologies. With its differentiated hybrid cloud and intelligent data infrastructure platform, trusted by leading enterprises and cloud providers worldwide, NetApp is becoming increasingly central to customers’ data-driven AI transformation initiatives. After the announcement, the company’s shares are up 17% in the pre-market trading session today. Shares of NTAP have gained 72.1% in the past six months compared with the Zacks Computer- Storage Devices industry's growth of 262.2%. Image Source: Zacks Investment Research Net income on a GAAP basis was $404 million or $2.03 per share compared with $340 million or $1.65 per share in the prior-year quarter. Strong revenue growth across Hybrid Cloud, Public Cloud and all-flash offerings boosted the bottom line during the quarter. Non-GAAP net income in the reported quarter was $483 million or $2.43 per share compared with $397 million or $1.93 per share in the prior-year quarter. The bottom line surpassed the consensus estimate by 16 cents and exceeded the company’s guided range of $2.21-$2.31. Net sales during the quarter increased to $1.95 billion from $1.73 billion in the year-ago quarter. The figure exceeded the guidance of $1.795-$1.945 billion. The top line also beat the consensus estimate of $1.86 billion. NTAP reports revenues under two segments: Hybrid Cloud and Public Cloud. The Hybrid Cloud segment includes revenues from the enterprise data center business, including product, support and professional services. NetApp, Inc. price-consensus-eps-surprise-chart | NetApp, Inc. Quote The Public Cloud segment comprises revenues from products delivered as a service and related support. The portfolio contains cloud automation and optimization services, storage and cloud infrastructure monitoring services. The Hybrid Cloud segment’s revenues increased to $1.77 billion from $1.57 billion in the prior-year quarter. The Public Cloud segment revenues increased to $182 million from $164 million in the prior-year quarter. Excluding the divested Spot business, Public Cloud revenues grew 18% year over year, driven by strong demand for first-party and marketplace s...

Hewlett Packard Enterprise (NYSE:HPE), which develops intelligent solutions across servers, hybrid cloud, and networking, closed Friday at $43.09, up 12.76%. The stock moved higher after Dell’s strong AI server results spurred a sympathy rally in AI infrastructure names. Investors are watching HPE’s upcoming Q2 earnings on Monday and long-term AI-driven server demand. Trading volume reached 66.7 million shares, about 260% above its three-month average of 18.5 million shares. Hewlett Packard Enterprise IPO'd in 2015 and has grown 348% since going public. The S&P 500 added 0.23% to finish Friday at 7,581, while the Nasdaq Composite rose 0.22% to close at 26,976. Within communication equipment and related infrastructure, peers were also strong, with Dell Technologies closing at $420.91 (up 32.76%) and NetApp finishing at $174.29 (up 22.39%) on AI and cloud optimism. Hewlett Packard Enterprise (HPE) and Dell combine to form a quasi-duopoly in the enterprise data center and server hardware industry. So when Dell reported blowout Q1 earnings yesterday that rocketed past analysts’ expectations, it was also deemed great news for HPE. Dell grew revenue by 88% and EPS by 214%, and announced a $51 billion backlog for its AI server unit. Analysts view this booming AI demand as a “tide that will lift all boats,” rather than a sign that Dell is taking share from HPE, which has prompted the latter’s soaring share price alongside Dell’s 33% spike today. Analysts expect HPE’s revenue to rise 28% in Q2. Before you buy stock in Hewlett Packard Enterprise, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Hewlett Packard Enterprise wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $465,733!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,313,467!* Now, it’s worth noting Stock Advisor’s total average return is 985% — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors...

The stock market rose to fresh highs Thursday on a reported interim U.S.-Iran deal. Dell soared overnight on earnings.