What to Expect From NetApp Q3 Results?
<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/NTAP'>NetApp, Inc. (NASDAQ:NTAP)</a> ahead of the company’s Q3 results. With a healthy demand environment and likely some conservatism built into guidance, the analysts expect quarterly results to be at least in line with guidance. However, with supply constraints appearing to worsen at the end of 2021 and into 2022, the analysts believe revenue upside is likely limited in the quarter. </p>
<p>According to the analysts, supply constraints are also likely to drive Q4 guidance below what the demand environment could support. While supply constraints will impact the overall top line, the analysts expect the company to make good progress in its Public Cloud business, which should be less impacted by supply constraints than the traditional on-premise business, and for the company to raise its full 2022-year organic Public Cloud ARR of $475-500 million. </p>
<p>The analysts continue to view the company's 2025 ARR target for the Public Cloud of $1 billion target as conservative and note that their recent industry checks suggest that the company has a clear lead vs. other enterprise hardware companies in public cloud services. </p>

NASDAQ:NTAP