NetApp Q4 Earnings Preview

Deutsche Bank analysts released their outlook on NetApp, Inc. (NASDAQ:NTAP) ahead of the company’s Q4 earnings report, expecting in-line results while noting that supply and logistics challenges could still be a headwind.
The analysts believe the outlook for gross margin to decline about 300 basic points quarter-over-quarter is sufficiently de-risked. Looking forward, considering the healthy demand environment. The analysts expect Q1 revenue growth to be roughly in line with normal seasonality, although hardware availability could limit sales of storage products, as recently highlighted by Nutanix, Inc.

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