Recent Insider Transactions • Jun 07
Independent Director recently sold €1.1m worth of stock On the 3rd of June, Gerald Held sold around 7k shares on-market at roughly €155 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.0m more than they bought in the last 12 months. Reported Earnings • May 29
Full year 2026 earnings released: EPS: US$6.41 (vs US$5.81 in FY 2025) Full year 2026 results: EPS: US$6.41 (up from US$5.81 in FY 2025). Revenue: US$6.93b (up 5.4% from FY 2025). Net income: US$1.28b (up 7.6% from FY 2025). Profit margin: 18% (in line with FY 2025). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Tech industry in Italy. Buy Or Sell Opportunity • May 26
Now 24% undervalued Over the last 90 days, the stock has risen 38% to €119. The fair value is estimated to be €156, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.1%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. New Risk • May 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €120, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Tech industry in Europe. Total returns to shareholders of 41% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €175 per share. Ankündigung • May 07
NetApp, Inc. to Report Q4, 2027 Results on Jun 03, 2027 NetApp, Inc. announced that they will report Q4, 2027 results on Jun 03, 2027 Upcoming Dividend • Mar 26
Upcoming dividend of US$0.52 per share Eligible shareholders must have bought the stock before 02 April 2026. Payment date: 22 April 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Italian dividend payers (5.0%). Higher than average of industry peers (1.6%). Ankündigung • Mar 17
NetApp Announces Next Generation EF-Series Storage Systems NetApp announced the release of the next generation of NetApp EF-Series storage systems, built to power the most performance-intensive workloads at scale. The introduction of EF50 and EF80 helps enterprises and neoclouds meet the growing demands of AI, high-performance computing (HPC), and transactional databases, including in emerging use cases like sovereign AI clouds and AI-powered manufacturing. Coupled with high-performance parallel file systems like Lustre or BeeGFS, the new EF50 and EF80 systems accelerate HPC simulations and keep GPUs fully utilized with high-performance scratch space, helping organizations unlock new value and competitive advantage at the right price. Customers ranging from neocloud providers driving AI innovation to movie studios managing massive media libraries will benefit from not only performance and scalability but also robust security measures to safeguard sensitive information and prevent data loss. The new EF-Series storage systems deliver over 110GBps of read throughput and 55GBps of write throughput, a 250 percent improvement over previous generations. With a power efficiency of 63.7GBps per KW and 1.5PB of storage in 2U, the new systems ensure reliable, high-performance with efficient rack density and an affordable cost. With EF-Series, organizations can: Achieve high performance for data-intensive workloads, scaling capacity without sacrificing efficiency or latency; Balance budget requirements with high-performance needs to make better decisions faster; Simplify management and operational complexity with affordable block storage, streamlined deployment and support from NetApp’s technical experts. The updated EF-Series builds on decades of durability and reliability from NetApp. With more than 1 million installations, it has a proven track record that customers can rely on. Declared Dividend • Mar 08
Dividend of US$0.52 announced Shareholders will receive a dividend of US$0.52. Ex-date: 2nd April 2026 Payment date: 22nd April 2026 Dividend yield will be 1.6%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Third quarter 2026 earnings released: EPS: US$1.69 (vs US$1.47 in 3Q 2025) Third quarter 2026 results: EPS: US$1.69 (up from US$1.47 in 3Q 2025). Revenue: US$1.71b (up 4.4% from 3Q 2025). Net income: US$334.0m (up 12% from 3Q 2025). Profit margin: 20% (up from 18% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in Italy. New Risk • Feb 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Ankündigung • Feb 05
NetApp, Inc. to Report Q3, 2027 Results on Mar 04, 2027 NetApp, Inc. announced that they will report Q3, 2027 results at 4:00 PM, US Eastern Standard Time on Mar 04, 2027 Ankündigung • Jan 13
Netapp, Inc. Appoints Paul Fipps to the Board of Directors NetApp, Inc. announced that Paul Fipps, President of Global Customer Operations at ServiceNow, has joined its Board of Directors. The board now has ten directors, nine of whom are independent, and 50% of whom have been appointed within the last five years. Fipps brings more than 20 years of experience driving technology-enabled growth and customer transformation. At ServiceNow, he currently leads global sales, customer success, partner ecosystems, and field operations. He previously served as EVP of Worldwide Sales at ServiceNow and as President of Under Armour Connected Fitness and Chief Experience Officer at Under Armour, overseeing global direct-to-consumer, connected fitness, and digital experiences. He also previously served on the advisory board of Quantum Metric. Fipps holds a B.S. in Information Systems, an MBA from the University of Baltimore, and is a graduate of The Wharton School’s Advanced Management Program. Upcoming Dividend • Dec 23
Upcoming dividend of US$0.52 per share Eligible shareholders must have bought the stock before 30 December 2025. Payment date: 21 January 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Italian dividend payers (4.8%). Higher than average of industry peers (1.5%). Ankündigung • Dec 09
NetApp Announces Appointment of Willem Hendrickx as Senior Vice President for EMEA & LATAM, Effective January 5, 2026 NetApp announced the appointment of Willem Hendrickx as Senior Vice President and General Manager, EMEA & LATAM, effective January 5, 2026. Hendrickx will lead NetApp’s business strategy, go-to-market execution, and partner engagement across Europe, the Middle East, Africa, and Latin America. Reporting to NetApp President César Cernuda, Hendrickx brings a deep regional knowledge and track record of building high-performing teams, further enabling the acceleration of NetApp’s international footprint by helping global customers navigate the evolving demands of hybrid cloud and AI-driven data infrastructure. Hendrickx holds a Master’s degree in Applied Economics from KU Leuven and is based in Brussels, Belgium. Hendrickx brings over 25 years of leadership experience leading large-scale commercial transformation and driving high-growth teams across sectors including cybersecurity, telecommunications, and enterprise IT in the EMEA region. Hendrickx previously held global leadership roles overseeing EMEA regions at EMC/Dell Technologies and Alcatel-Lucent, among others. Ankündigung • Dec 03
NetApp Collaborates with AWS to Bring Enterprise Data to AWS AI Services NetApp announced a new capability that enables enterprises to make their workflows simpler and more efficient by connecting Amazon Web Services (AWS) AI and Analytics services directly with their NetApp data both in the cloud and on-premises. Amazon S3 Access Points for Amazon FSx for NetApp ONTAP®? enable customers to accelerate AI and analytics projects by allowing FSx for ONTAP-resident file data to be accessed via the S3 API by AWS's extensive portfolio of AI/ML and analytics services--all while the data remains in place and is fully accessible for read /write via file protocols. As a leading enterprise storage solution provider and the only one with a first-party data storage serviceatively built on AWS, NetApp is uniquely equipped to help customers accelerate modern workloads in the cloud. By using Amazon S3 Access Points with FSx for ONTAP, customers can connect S3-based AWS services and ISV applications to FSx for ONTAP file systems as if they were S3 buckets. Built-in replication capabilities in ONTAP enable enterprises to mobilize their data across hybrid cloud environments, allowing FSx for OnTAP customers to easily connect to their data stored on-premises. With this capability, file data stored in FSx for ONTAP is accessible for use with the broad range of artificial intelligence, machine learning, serverless compute, and analytics services and applications that work with S3. Users can control and simplify how different applications or users can access data by creating access points with names and permissions tailored to each application or user. By eliminating the need to move data out of FSx for ONTAP to leverage AI services, customers also benefit from the built-in cyber resilience capabilities that make ONTAP the most secure storage on the planet, including real-time ransomware detection and integrated snapshots. Declared Dividend • Nov 30
Dividend of US$0.52 announced Shareholders will receive a dividend of US$0.52. Ex-date: 30th December 2025 Payment date: 21st January 2026 Dividend yield will be 1.5%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 26
Second quarter 2026 earnings released: EPS: US$1.53 (vs US$1.47 in 2Q 2025) Second quarter 2026 results: EPS: US$1.53 (up from US$1.47 in 2Q 2025). Revenue: US$1.71b (up 2.8% from 2Q 2025). Net income: US$305.0m (up 2.0% from 2Q 2025). Profit margin: 18% (in line with 2Q 2025). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in Italy. Ankündigung • Nov 26
NetApp, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2026 NetApp, Inc. provided earnings guidance for the third quarter and full year of 2026. For the quarter, the company expects net revenues are expected to be in the range of: $1.615 billion - $1.765 billion. Operating margins are expected to be in the range of: 24.5% - 25.5%. Earnings per share is expected to be in the range of: $1.52 - $1.62.
For the full fiscal year 2026: Net revenues are expected to be in the range of: $6.625 billion - $6.875 billion, Operating margins are expected to be in the range of: 23.5% - 24.5%. Earnings per share is expected to be in the range of: $5.82 - $6.12. New Risk • Nov 18
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €908k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Ankündigung • Nov 05
NetApp, Inc. to Report Q2, 2027 Results on Dec 01, 2026 NetApp, Inc. announced that they will report Q2, 2027 results on Dec 01, 2026 Upcoming Dividend • Sep 25
Upcoming dividend of US$0.52 per share Eligible shareholders must have bought the stock before 02 October 2025. Payment date: 22 October 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Italian dividend payers (5.0%). Higher than average of industry peers (1.4%). Recent Insider Transactions • Sep 23
CEO & Director recently sold €908k worth of stock On the 17th of September, George Kurian sold around 9k shares on-market at roughly €104 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was George's only on-market trade for the last 12 months. Ankündigung • Sep 09
NetApp Modernizes Object Storage with Enhanced Speed, Scalability and Security NetApp announced NetApp StorageGRID®? 12.0, a scalable, software-defined object storage solution designed for unstructured data. This latest version of StorageGRID will introduce new capabilities designed to enhance AI initiatives, improve data security, and modernize organizations' data infrastructure. Whether businesses are in the early stages of modernizing their data lakes or experimenting with advanced AI applications, they need to manage and store exploding volumes of unstructured data such as text, video, machine and sensor data, server logs, and more. Businesses that want to tap into this growing ocean of data need a secure, cost-effective, and scalable solution, making object storage an essential component of their primary storage environment. NetApp StorageGRID 12.0 introduces new features designed to strengthen object storage in customers' intelligent data infrastructure, including: Improved Scaling for AI workloads: StorageGRID 12.0 includes new capabilities for advanced caching that improve the efficiency and scalability for AI training and other HPC workloads, boosting performance with up to 20x more throughput than before. Additionally, it supports versioning AI datasets with bucket branches. Customers can more easily iterate AI projects at scale, facilitate testing and development workflows, and make their data stores more resilient. This new feature enables users to quickly create space-efficient clones of their object storage buckets to use in their workflows and enable faster recovery in the face of disruption. Simplified management: StorageGRID 12. 0 includes numerous enhancements ranging from better drive firmware upgrades to improved log archiving abilities that are designed to simplify the administrator experience. Administrators can automate drive firmware updates across all nodes, reducing manual labor spent on maintenance tasks. Enhanced cyber resiliency and security features: StorageGRID 12.2 includes updates that increase the security of object storage environments. The solution now supports enhanced encryption standards with AES GCM encryption add integrity checking, stronger on-disk encryption, and default blocking for SSH ports. Customers also more easily support immutable datasets for AI by leveraging the new support for object lock in cross-grid replication. Declared Dividend • Sep 04
Dividend of US$0.52 announced Shareholders will receive a dividend of US$0.52. Ex-date: 2nd October 2025 Payment date: 22nd October 2025 Dividend yield will be 1.5%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 28
First quarter 2026 earnings released: EPS: US$1.16 (vs US$1.20 in 1Q 2025) First quarter 2026 results: EPS: US$1.16 (down from US$1.20 in 1Q 2025). Revenue: US$1.56b (up 1.2% from 1Q 2025). Net income: US$233.0m (down 6.0% from 1Q 2025). Profit margin: 15% (down from 16% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Tech industry in Italy. Ankündigung • Aug 07
NetApp, Inc. Accelerates VMware Migrations with Amazon Elastic VMware Service Integration NetApp, Inc. announced that Amazon FSx for NetApp ONTAP®? is now a supported external storage option for Amazon Elastic VMware Service (Amazon EVS) on Amazon Web Services (AWS). Amazon EVS, now generally available, is a new AWS service that allows users to run VMware Cloud Foundation (VCF) directly within their Amazon Virtual Private Cloud (Amazon VPC), alongside other applications. With Amazon EVS, organizations can quickly migrate VMware workloads to AWS to seamlessly extend and expand their VMware environments and unlock business agility and transformation. This integration with Amazon EVS combines NetApp's proven, secure data management and protection capabilities with AWS's scale, resilience, and performance, allowing customers to simplify and accelerate their AWS migration without re-platforming or re-factoring their existing applications or changing their data management workflows. Migrating mission critical workloads to the cloud can help businesses drive transformation by eliminating aging infrastructure, reducing operational costs, and meeting critical business timelines, but they need an effective data strategy to avoid introducing new challenges such as unexpected costs, sprawling IT environments, and fragmented services. As the only enterprise storage solution provider with a first-party data storage serviceatively built on AWS, NetApp is uniquely equipped to help customers accelerate modern workloads in the cloud by offering enterprise storage solutions natively built on AWS. Customers have been able to reduce costs by 50% after adopting Amazon FSx for ONTAP®?. Using FSx for ONTAP to migrate and manage their VMware environments enables customers to leverage Intelligent Data Infrastructure to improve migration planning and decrease total cost of ownership with built-in data management capabilities. This allows VMware administrators to quickly migrate VMware-based virtual machines to AWS using the same VCF software and tools they already use in their on-premises environment. Using FSx for ON TAP as external storage for the Amazon EVS environment reduces overhead by providing advanced data management and protection functionality, reducing total cost of ownership and increasing cyber resiliency. Migration advisor for Amazon EVS workloads: The migration advisor feature of BlueXP workload factory for AWS now supports Amazon EVS workloads, helping simplify and speed up migration processes. Customers can now automate the discovery of on-premises virtual machines, provisioning of FSx for ONTAP, and placement of datastores in Amazon EVS. Expanded VMware disaster recovery support in BlueXP: BlueXP disaster recovery for VMware now integrates with Amazon EVS, leveraging FSx for ONTAP storage as a reliable disaster recovery target. Supported datastore options include NFS (file-based) and VMFS (block-based) via the iSCSI protocol, ensuring versatile and efficient disaster recovery solutions. Enhanced ransomware protection features: Further enabling customers to protect Amazon EVS workloads, NetApp autonomous ransomware protection (ARP) for FSx for ONTAP is used to detect and respond to ransomware events in real time. Additionally, NetApp BlueXP ransomware protection service supports FSx for ONTAP To help customers with comprehensive orchestration of their defense against ransomware events. Enabling these features to support workloads natively in AWS helps protect customer data and minimize downtime by proactively detecting ransomware at the storage layer across the hybrid cloud. Ankündigung • Aug 01
NetApp, Inc. to Report Q1, 2027 Results on Sep 02, 2026 NetApp, Inc. announced that they will report Q1, 2027 results on Sep 02, 2026 Ankündigung • Jul 28
NetApp, Inc., Annual General Meeting, Sep 10, 2025 NetApp, Inc., Annual General Meeting, Sep 10, 2025. Buy Or Sell Opportunity • Jul 21
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €91.74. The fair value is estimated to be €116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.8%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 5.4% per annum over the same time period. Ankündigung • Jun 25
NetApp, Inc. Announces Executive Changes NetApp, Inc. announced the appointment of Syam Nair as its new Chief Product Officer (CPO), effective July 7, 2025. Nair succeeds Harv Bhela, who concluded his tenure in June following a successful chapter of product leadership. Nair is a former Salesforce and Microsoft executive renowned as a maverick innovator in the industry, bringing over 25 years of experience in scaling cloud platforms and driving hyper-growth. In his new role, Nair will lead NetApp’s product and engineering teams to accelerate innovation in hybrid cloud and AI offerings and advance NetApp’s strategic vision for data-driven business growth. Syam Nair joins NetApp from Zscaler, where he served as Chief Technology Officer and Executive Vice President of Research & Development. Nair brings more than two decades of engineering and product development leadership, with expertise in incubating new technologies from the ground up and leading large teams through transformations at scale. During his tenure at Microsoft, Nair was part of the leadership team that built and expanded globally distributed Azure data services. At Salesforce, his leadership pioneered industry-defining innovations including Salesforce Data Cloud, the next generation Agentic platform that significantly advanced the company’s AI-powered customer engagement capabilities. Reported Earnings • Jun 10
Full year 2025 earnings released: EPS: US$5.81 (vs US$4.74 in FY 2024) Full year 2025 results: EPS: US$5.81 (up from US$4.74 in FY 2024). Revenue: US$6.57b (up 4.9% from FY 2024). Net income: US$1.19b (up 20% from FY 2024). Profit margin: 18% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Tech industry in Italy. Ankündigung • May 07
NetApp, Inc. to Report Q4, 2026 Results on May 28, 2026 NetApp, Inc. announced that they will report Q4, 2026 results on May 28, 2026 
