NetApp (NTAP) PT Raised to $63 at BMO Capital

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NetApp Reports Third Quarter Fiscal Year 2018 Results

February 14, 2018 4:01 PM EST

Third Quarter Fiscal 2018 Highlights

Product revenue increased 17% year-over-yearAll-flash array annualized net revenue run rate of $2.0 billion increased almost 50% year-over-yearExpanded Cloud Data Services with introduction of NetApp Cloud Volumes for AWSFree cash flow was 25% of revenue and increased 104% year-over-year

SUNNYVALE, Calif., Feb. 14, 2018 (GLOBE NEWSWIRE) -- NetApp (NASDAQ: NTAP) today reported financial results for the third quarter fiscal year 2018, ended January 26, 2018.

NetApp again delivered strong results in the third quarter with accelerating revenue and strong cash generation. It is rewarding... More