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NetApp and Oracle are launching a new service that runs NetApp’s storage software natively inside Oracle Cloud. This makes it easier for large companies to move their most demanding data and AI projects to the cloud without having to rewrite how that data is managed.
This is a key step for NetApp’s strategy of becoming the software layer that connects different clouds. By integrating with Oracle, NetApp expands its reach to a new set of corporate customers who rely on Oracle’s database technology for their AI initiatives.
Source: Business Wire
NetApp is collaborating with Supermicro to create pre-validated systems that combine high-performance servers with NetApp’s storage software. These setups are designed for "AI factories," which are massive data centers dedicated to training and running complex AI models.
This partnership helps NetApp get its technology into more AI data centers by making it easier for customers to buy a complete, tested package. It complements NetApp's existing work with Nvidia and shows the company is successfully positioning its software as a necessary part of the hardware stack needed for AI.
Source: Business Wire
NetApp announced plans to buy PEAK:AIO, a firm that specializes in software for high-performance data storage. The deal focuses on metadata and parallel file systems, which are technical ways of organizing data so that many computers can access it at the same time without slowing down.
This matters because AI projects require massive clusters of GPUs, the specialized chips used to train AI models, which can often sit idle if the storage system cannot feed them data fast enough. By folding this technology into its own products, NetApp aims to make its storage a better fit for the heavy demands of AI clouds. It is a small but logical step in the company's shift from traditional hardware toward the high-speed infrastructure needed for modern data centers.
Source: Business Wire
Argus Research raised its price target for the stock to $225 on Friday. This move follows a period of strong growth for the company, which has seen its revenue climb as more businesses upgrade to high-speed flash storage and cloud-based data tools. The new target is about 18 percent higher than the current stock price. While several analysts have nudged their targets higher recently, the average across the market now sits at roughly $197.
Source: Argus Research
Wedbush raised its price target for NetApp to $170 from $150 but kept its rating at neutral, which means they do not see a strong reason to buy or sell right now. The move follows a week where several analysts adjusted their views after the company reported strong demand for its high-speed storage. While the firm is more optimistic about the stock's value, its new target is still about 9 percent below the current price. The average target across all analysts who follow the stock now sits at $194.
Source: Wedbush
Management consistently sets a bar they can clear, but recent results show the business is now outrunning even their own raised expectations as AI demand surges.
| Expectation | |
|---|---|
| EPS | $2.60 |
| Revenue | $2.10B |