NetApp, Inc.


SKU: NTAP-1 Category:


NetApp delivered an all-around beat in the most recent quarterly result. The company’s rigorous operational management and the enthusiastic customer response to its innovation continue to yield positive results. The consolidated gross margin was high. The product margin was 55%. The difficult macroeconomic environment continued to put a strain on IT spending. However, they are well aligned with their customers’ priority expenditures. They are confident that their go-to-market initiatives and product developments will drive growth in the second half of fiscal year ’24. Revenue from the Hybrid Cloud was down. Product revenue was also down. They are also making strategic purchases in order to lock in significant loan NAND pricing and reduce future price increases. Although NAND prices kept falling in Q1, they are still in a strong position relative to the competition. This quarter, it also launched an extensive revamp of its channel program, emphasizing competencies strongly. This strategic move aims to assist channel partners in effectively distinguishing themselves within the cloud era.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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