Stock Track | NetApp Soars 24.08% Intraday on Strong Q4 Earnings Beat, Raised AI-Driven Guidance

Stock Track

May 29

NetApp's stock is soaring 24.08% in intraday trading on Friday, following the release of its fiscal fourth-quarter results that significantly exceeded Wall Street expectations.

The data storage company reported adjusted earnings per share of $2.43, beating the analyst consensus estimate. Revenue for the quarter also surpassed expectations, driven by record performance and robust demand linked to artificial intelligence infrastructure. Investor sentiment was further bolstered by NetApp's upbeat guidance for the full fiscal year, which was raised above market forecasts, and the announcement of a new $1 billion share repurchase program.

Analysts attribute the powerful rally to NetApp capitalizing on the AI-driven demand for data storage, positioning the company in what some have termed an "AI storage super cycle." The strong earnings beat and raised outlook prompted multiple Wall Street firms to significantly increase their price targets on the stock.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/1163038526"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1163038526\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1163038526?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-29 21:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1163038526","market":"us","top_or_hot":-1,"title":"Stock Track | NetApp Soars 24.08% Intraday on Strong Q4 Earnings Beat, Raised AI-Driven Guidance","media":"Stock Track","content":"<p>NetApp's stock is soaring 24.08% in intraday trading on Friday, following the release of its fiscal fourth-quarter results that significantly exceeded Wall Street expectations.</p><p>The data storage company reported adjusted earnings per share of $2.43, beating the analyst consensus estimate. Revenue for the quarter also surpassed expectations, driven by record performance and robust demand linked to artificial intelligence infrastructure. Investor sentiment was further bolstered by NetApp's upbeat guidance for the full fiscal year, which was raised above market forecasts, and the announcement of a new $1 billion share repurchase program.</p><p>Analysts attribute the powerful rally to NetApp capitalizing on the AI-driven demand for data storage, positioning the company in what some have termed an \"AI storage super cycle.\" The strong earnings beat and raised outlook prompted multiple Wall Street firms to significantly increase their price targets on the stock.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | NetApp Soars 24.08% Intraday on Strong Q4 Earnings Beat, Raised AI-Driven Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | NetApp Soars 24.08% Intraday on Strong Q4 Earnings Beat, Raised AI-Driven Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-05-29 21:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NetApp's stock is soaring 24.08% in intraday trading on Friday, following the release of its fiscal fourth-quarter results that significantly exceeded Wall Street expectations.</p><p>The data storage company reported adjusted earnings per share of $2.43, beating the analyst consensus estimate. Revenue for the quarter also surpassed expectations, driven by record performance and robust demand linked to artificial intelligence infrastructure. Investor sentiment was further bolstered by NetApp's upbeat guidance for the full fiscal year, which was raised above market forecasts, and the announcement of a new $1 billion share repurchase program.</p><p>Analysts attribute the powerful rally to NetApp capitalizing on the AI-driven demand for data storage, positioning the company in what some have termed an \"AI storage super cycle.\" The strong earnings beat and raised outlook prompted multiple Wall Street firms to significantly increase their price targets on the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NTAP","symbol_name":"美国网存","start_time":0,"source_url":"","article_id":"1163038526","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163038526","pubTimestamp":1780061843,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"NetApp's stock is soaring 24.08% in intraday trading on Friday, following the release of its fiscal fourth-quarter results that significantly exceeded Wall Street expectations.The data storage...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NTAP":"美国网存"},"translate_title":"股票追踪|NetApp盘中飙升24.08%，因第四季度盈利强劲，人工智能驱动指引上调","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NTAP":1},"content_text":"NetApp's stock is soaring 24.08% in intraday trading on Friday, following the release of its fiscal fourth-quarter results that significantly exceeded Wall Street expectations.The data storage company reported adjusted earnings per share of $2.43, beating the analyst consensus estimate. Revenue for the quarter also surpassed expectations, driven by record performance and robust demand linked to artificial intelligence infrastructure. Investor sentiment was further bolstered by NetApp's upbeat guidance for the full fiscal year, which was raised above market forecasts, and the announcement of a new $1 billion share repurchase program.Analysts attribute the powerful rally to NetApp capitalizing on the AI-driven demand for data storage, positioning the company in what some have termed an \"AI storage super cycle.\" The strong earnings beat and raised outlook prompted multiple Wall Street firms to significantly increase their price targets on the stock.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"2","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}