NetApp's Q2 Earnings Top Estimates, Stock Up on Raised Guidance
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NetApp's Q2 earnings exceeded expectations, driven by strong performance in all-flash, first-party, and marketplace cloud storage services. The company has raised its revenue outlook for fiscal 2025.
November 22, 2024 | 2:15 pm
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NetApp's Q2 earnings surpassed expectations due to strong performance in cloud storage services. The company has also raised its revenue outlook for fiscal 2025, indicating confidence in future growth.
NetApp's better-than-expected Q2 earnings and raised revenue guidance for fiscal 2025 suggest strong business momentum, particularly in cloud storage services. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
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