NetApp (NTAP) Shares Fall 6% Following Q3 Beat and Mixed Outlook, Acquires Fylamynt
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Go back to NetApp (NTAP) Shares Fall 6% Following Q3 Beat and Mixed Outlook, Acquires Fylamynt
February 23, 2022 4:17 PM EST
NetApp (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced that it has acquired Fylamynt, a venture-backed, innovative CloudOps automation technology company that enables customers to build, run, manage and analyze workflows securely in any cloud with little to no code. Financial details of the transaction are not being disclosed.
Organizations moving to and operating in the cloud need to be able to operate at speed and code their infrastructures. Applications must integrate with the services and workflows across their cloud environments. As the number of services and workflows... More
February 23, 2022 4:04 PM EST
NetApp (NASDAQ: NTAP) reported Q3 EPS of $1.44, $0.16 better than the analyst estimate of $1.28. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.61 billion.
GUIDANCE:
NetApp sees Q4 2022 EPS of $1.21-$1.31, versus the consensus of $1.35. NetApp sees Q4... More
