Based on current market sentiment, NetApp share price forecast reflects resilience against sector volatility, with institutional buying pushing technical support close to $ NetApp, Inc. NTAP reported first-quarter fiscal 2025 non-GAAP earnings of $1.56 per share, which surpassed the Zacks Consensus Estimate by 6.9%. The company reported earnings of $1.15 per share in the prior year period. The bottom line surpassed the company’s guided range of $1.4–$1.5. Revenues of $1.54 billion increased 8% year over year. NTAP projected revenues in the range of $1.455–$1.605 billion. The upside resulted from strong sales across Hybrid Cloud and Public Cloud segments, notably a growth of about 40% in first party and marketplace cloud storage services revenue. However, it remains wary about the challenging macroeconomic backdrop that is hurting IT spending. Also, the top line beat the consensus mark by 0.46%. Witnessing the continued momentum across flash, block, AI and cloud storage solutions, management has tweaked its outlook for fiscal 2025. It now expects full-year revenues in the range of $6.48–$6.68 billion, up 5% year over year at the mid-point. Earlier it projected sales in the band of $6.45–$6.65 billion. The company now forecasts non-GAAP earnings per share for fiscal 2025 to be between $7 and $7.2, up 10% year over year at the mid-point. Earlier, it projected non-GAAP earnings between $6.8 and $7 per share. For fiscal 2025, NetApp continues to expect non-GAAP gross margin in the range of 71-72%. Non-GAAP operating margin is projected in the band of 27-28%, unchanged from the prior view. NetApp posted better-than-expected quarterly results and issued a slightly upbeat forecast, but its shares slid 6% after comments about weaker enterprise cloud spending left investors uneasy. Sell-side consensus on NetApp share price forecast has shifted higher after management announced accelerated share buybacks. Projected EPS upgrades support valuation in the $100–$108 corridor through early