Subtext

NetApp, Inc. NTAP

SectorInformation Technology
Transcripts77
Date range2006-02-18 – 2025-02-27
Calls charted76

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-21-11+0+11+212006 Q32009 Q22011 Q42014 Q22016 Q42019 Q22021 Q42024 Q22006 Q3 · Overall: -1.42006 Q4 · Overall: +3.02007 Q1 · Overall: +5.72007 Q2 · Overall: +2.62007 Q4 · Overall: -1.42008 Q1 · Overall: +2.22008 Q2 · Overall: -1.02008 Q3 · Overall: +4.02008 Q4 · Overall: +2.72009 Q1 · Overall: +2.62009 Q2 · Overall: +1.42009 Q3 · Overall: -5.22009 Q4 · Overall: -0.82010 Q1 · Overall: +2.82010 Q2 · Overall: +5.22010 Q3 · Overall: +6.02010 Q4 · Overall: +2.82011 Q1 · Overall: +3.72011 Q2 · Overall: +3.72011 Q3 · Overall: +5.22011 Q4 · Overall: +5.12012 Q1 · Overall: +6.12012 Q2 · Overall: -2.62012 Q3 · Overall: +3.02012 Q4 · Overall: -1.92013 Q1 · Overall: +2.62013 Q2 · Overall: +2.82013 Q3 · Overall: +4.32013 Q4 · Overall: +7.02014 Q1 · Overall: +6.82014 Q2 · Overall: +7.92014 Q3 · Overall: +4.72014 Q4 · Overall: +2.92015 Q1 · Overall: +5.52015 Q2 · Overall: +4.22015 Q3 · Overall: +1.22015 Q4 · Overall: +0.02016 Q1 · Overall: +6.62016 Q2 · Overall: +10.92016 Q3 · Overall: +9.02016 Q4 · Overall: +10.22017 Q1 · Overall: +11.42017 Q2 · Overall: +12.12017 Q3 · Overall: +5.52017 Q4 · Overall: +7.22018 Q1 · Overall: +13.52018 Q2 · Overall: +12.62018 Q3 · Overall: +4.82018 Q4 · Overall: +18.32019 Q1 · Overall: +7.92019 Q2 · Overall: +8.62019 Q3 · Overall: +1.02019 Q4 · Overall: +7.22020 Q1 · Overall: +2.52020 Q2 · Overall: +8.42020 Q3 · Overall: +5.52020 Q4 · Overall: +8.42021 Q1 · Overall: +5.82021 Q2 · Overall: +10.42021 Q3 · Overall: +16.52021 Q4 · Overall: +11.82022 Q1 · Overall: +11.02022 Q2 · Overall: +8.42022 Q3 · Overall: +8.72022 Q4 · Overall: +15.72023 Q1 · Overall: +8.52023 Q2 · Overall: +4.92023 Q3 · Overall: +6.12023 Q4 · Overall: +15.12024 Q1 · Overall: +9.42024 Q2 · Overall: +7.62024 Q3 · Overall: +14.82024 Q4 · Overall: +13.42025 Q1 · Overall: +12.62025 Q2 · Overall: +11.02025 Q3 · Overall: +7.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-39-19+0+19+392006 Q32009 Q22011 Q42014 Q22016 Q42019 Q22021 Q42024 Q22006 Q3 · CEO: +2.42006 Q4 · CEO: +5.52007 Q1 · CEO: +9.82007 Q2 · CEO: +4.12007 Q4 · CEO: -0.62008 Q1 · CEO: +3.62008 Q2 · CEO: +1.32008 Q3 · CEO: +2.72008 Q4 · CEO: -0.72009 Q1 · CEO: +8.12009 Q2 · CEO: +2.52009 Q3 · CEO: -6.82009 Q4 · CEO: +1.62010 Q1 · CEO: +9.62010 Q2 · CEO: +9.52010 Q3 · CEO: +8.52010 Q4 · CEO: +5.52011 Q1 · CEO: +6.52011 Q2 · CEO: +13.02011 Q3 · CEO: +11.32011 Q4 · CEO: +11.72012 Q1 · CEO: +10.02012 Q2 · CEO: +2.62012 Q3 · CEO: +7.92012 Q4 · CEO: +3.72013 Q1 · CEO: +7.92013 Q2 · CEO: +7.22013 Q3 · CEO: +10.22013 Q4 · CEO: +13.22014 Q1 · CEO: +13.02014 Q2 · CEO: +13.02014 Q3 · CEO: +7.52014 Q4 · CEO: +2.22015 Q1 · CEO: +7.32015 Q2 · CEO: +7.12015 Q3 · CEO: +6.72015 Q4 · CEO: +2.22016 Q1 · CEO: +18.42016 Q2 · CEO: +20.22016 Q3 · CEO: +21.72016 Q4 · CEO: +21.42017 Q1 · CEO: +22.82017 Q2 · CEO: +18.62017 Q3 · CEO: +17.32017 Q4 · CEO: +20.42018 Q1 · CEO: +29.32018 Q2 · CEO: +28.42018 Q3 · CEO: +20.02018 Q4 · CEO: +33.92019 Q1 · CEO: +19.12019 Q2 · CEO: +18.92019 Q3 · CEO: +14.32019 Q4 · CEO: +17.72020 Q1 · CEO: +16.12020 Q2 · CEO: +21.12020 Q3 · CEO: +13.32020 Q4 · CEO: +16.62021 Q1 · CEO: +18.92021 Q2 · CEO: +22.52021 Q3 · CEO: +25.92021 Q4 · CEO: +23.62022 Q1 · CEO: +22.02022 Q2 · CEO: +17.02022 Q3 · CEO: +22.92022 Q4 · CEO: +25.02023 Q1 · CEO: +21.42023 Q2 · CEO: +14.22023 Q3 · CEO: +16.12023 Q4 · CEO: +26.02024 Q1 · CEO: +16.22024 Q2 · CEO: +11.42024 Q3 · CEO: +25.52024 Q4 · CEO: +24.92025 Q1 · CEO: +19.92025 Q2 · CEO: +28.12025 Q3 · CEO: +14.62006 Q3 · CFO: +6.22006 Q4 · CFO: +3.02007 Q1 · CFO: +7.92007 Q2 · CFO: +3.82007 Q4 · CFO: +6.72008 Q1 · CFO: +2.92008 Q2 · CFO: +2.22008 Q3 · CFO: +5.52008 Q4 · CFO: +2.82009 Q1 · CFO: +3.72009 Q2 · CFO: +0.02009 Q3 · CFO: -5.12009 Q4 · CFO: -1.72010 Q1 · CFO: +2.62010 Q2 · CFO: +9.22010 Q3 · CFO: +13.52010 Q4 · CFO: +4.22011 Q1 · CFO: +6.52011 Q2 · CFO: +4.42011 Q3 · CFO: +5.72011 Q4 · CFO: +2.52012 Q1 · CFO: +19.32012 Q2 · CFO: +1.92012 Q3 · CFO: -2.62012 Q4 · CFO: -0.72013 Q1 · CFO: -4.72013 Q2 · CFO: +6.92013 Q3 · CFO: +1.02013 Q4 · CFO: +8.42014 Q1 · CFO: +2.12014 Q2 · CFO: +5.12014 Q3 · CFO: +4.12014 Q4 · CFO: +6.62015 Q1 · CFO: +5.62015 Q2 · CFO: +6.62015 Q3 · CFO: +5.12016 Q1 · CFO: -1.12016 Q2 · CFO: +5.52016 Q3 · CFO: +11.62016 Q4 · CFO: +13.72017 Q1 · CFO: +13.12017 Q2 · CFO: +18.92017 Q3 · CFO: +1.82017 Q4 · CFO: +13.72018 Q1 · CFO: +8.02018 Q2 · CFO: +11.72018 Q3 · CFO: +4.52018 Q4 · CFO: +18.52019 Q1 · CFO: +7.92019 Q2 · CFO: +9.32019 Q3 · CFO: +1.52019 Q4 · CFO: +7.52020 Q1 · CFO: +0.62020 Q2 · CFO: +6.82020 Q3 · CFO: +8.52020 Q4 · CFO: +8.52021 Q1 · CFO: +5.32021 Q2 · CFO: +5.42021 Q3 · CFO: +13.02021 Q4 · CFO: +9.52022 Q1 · CFO: +7.42022 Q2 · CFO: +6.92022 Q3 · CFO: +7.02022 Q4 · CFO: +15.12023 Q1 · CFO: +10.32023 Q2 · CFO: +8.92023 Q3 · CFO: +3.82023 Q4 · CFO: +11.82024 Q1 · CFO: +8.02024 Q2 · CFO: +10.22024 Q3 · CFO: +11.62024 Q4 · CFO: +9.02025 Q1 · CFO: +13.62025 Q2 · CFO: +5.62025 Q3 · CFO: +2.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-44-22+0+22+442006 Q32009 Q22011 Q42014 Q22016 Q42019 Q22021 Q42024 Q22006 Q3 · Prepared remarks: +2.82006 Q4 · Prepared remarks: +4.92007 Q1 · Prepared remarks: +11.32007 Q2 · Prepared remarks: -0.62007 Q4 · Prepared remarks: +10.52008 Q1 · Prepared remarks: +5.72008 Q2 · Prepared remarks: +5.02008 Q3 · Prepared remarks: +16.82008 Q4 · Prepared remarks: +12.12009 Q1 · Prepared remarks: +10.42009 Q2 · Prepared remarks: +8.32009 Q3 · Prepared remarks: +0.02009 Q4 · Prepared remarks: +3.72010 Q1 · Prepared remarks: +11.22010 Q2 · Prepared remarks: +12.42010 Q3 · Prepared remarks: +18.22010 Q4 · Prepared remarks: +13.32011 Q1 · Prepared remarks: +17.62011 Q2 · Prepared remarks: +14.92011 Q3 · Prepared remarks: +22.32011 Q4 · Prepared remarks: +17.62012 Q1 · Prepared remarks: +19.92012 Q2 · Prepared remarks: +8.42012 Q3 · Prepared remarks: +10.42012 Q4 · Prepared remarks: +10.42013 Q1 · Prepared remarks: +16.42013 Q2 · Prepared remarks: +19.52013 Q3 · Prepared remarks: +6.32013 Q4 · Prepared remarks: +14.52014 Q1 · Prepared remarks: +20.92014 Q2 · Prepared remarks: +9.32014 Q3 · Prepared remarks: +20.42014 Q4 · Prepared remarks: +14.42015 Q1 · Prepared remarks: +12.62015 Q2 · Prepared remarks: +12.32015 Q3 · Prepared remarks: +11.42015 Q4 · Prepared remarks: +1.52016 Q1 · Prepared remarks: +13.32016 Q2 · Prepared remarks: +18.42016 Q3 · Prepared remarks: +22.72016 Q4 · Prepared remarks: +24.32017 Q1 · Prepared remarks: +29.02017 Q2 · Prepared remarks: +21.42017 Q3 · Prepared remarks: +21.22017 Q4 · Prepared remarks: +22.72018 Q1 · Prepared remarks: +26.92018 Q2 · Prepared remarks: +27.02018 Q3 · Prepared remarks: +20.52018 Q4 · Prepared remarks: +37.92019 Q1 · Prepared remarks: +18.92019 Q2 · Prepared remarks: +17.72019 Q3 · Prepared remarks: +9.42019 Q4 · Prepared remarks: +15.72020 Q1 · Prepared remarks: +12.22020 Q2 · Prepared remarks: +21.82020 Q3 · Prepared remarks: +19.42020 Q4 · Prepared remarks: +14.72021 Q1 · Prepared remarks: +19.32021 Q2 · Prepared remarks: +23.92021 Q3 · Prepared remarks: +15.42021 Q4 · Prepared remarks: +20.32022 Q1 · Prepared remarks: +17.62022 Q2 · Prepared remarks: +10.52022 Q3 · Prepared remarks: +15.02022 Q4 · Prepared remarks: +22.72023 Q1 · Prepared remarks: +16.32023 Q2 · Prepared remarks: +11.72023 Q3 · Prepared remarks: +10.22023 Q4 · Prepared remarks: +17.02024 Q1 · Prepared remarks: +16.92024 Q2 · Prepared remarks: +12.92024 Q3 · Prepared remarks: +19.62024 Q4 · Prepared remarks: +19.12025 Q1 · Prepared remarks: +16.52025 Q2 · Prepared remarks: +18.92025 Q3 · Prepared remarks: +14.12006 Q3 · Q&A responses: +1.52006 Q4 · Q&A responses: +5.82007 Q1 · Q&A responses: +6.22007 Q2 · Q&A responses: +7.42007 Q4 · Q&A responses: -2.62008 Q1 · Q&A responses: +2.02008 Q2 · Q&A responses: +2.02008 Q3 · Q&A responses: +2.02008 Q4 · Q&A responses: +1.22009 Q1 · Q&A responses: +2.82009 Q2 · Q&A responses: +3.02009 Q3 · Q&A responses: -4.42009 Q4 · Q&A responses: -1.12010 Q1 · Q&A responses: +1.72010 Q2 · Q&A responses: +6.52010 Q3 · Q&A responses: +5.32010 Q4 · Q&A responses: +1.12011 Q1 · Q&A responses: +0.82011 Q2 · Q&A responses: +4.92011 Q3 · Q&A responses: +4.32011 Q4 · Q&A responses: +4.52012 Q1 · Q&A responses: +7.42012 Q2 · Q&A responses: -2.92012 Q3 · Q&A responses: +5.52012 Q4 · Q&A responses: -3.22013 Q1 · Q&A responses: +1.12013 Q2 · Q&A responses: +1.92013 Q4 · Q&A responses: +6.52014 Q1 · Q&A responses: +4.32014 Q2 · Q&A responses: -3.72014 Q3 · Q&A responses: +0.02014 Q4 · Q&A responses: +0.52015 Q1 · Q&A responses: +4.22015 Q2 · Q&A responses: +3.22015 Q3 · Q&A responses: +3.22015 Q4 · Q&A responses: +0.02016 Q1 · Q&A responses: +7.52016 Q2 · Q&A responses: +12.52016 Q3 · Q&A responses: +2.32016 Q4 · Q&A responses: +4.62017 Q1 · Q&A responses: +12.42017 Q2 · Q&A responses: +15.62017 Q3 · Q&A responses: +3.12017 Q4 · Q&A responses: +6.42018 Q1 · Q&A responses: +17.72018 Q2 · Q&A responses: +8.32018 Q3 · Q&A responses: +4.92018 Q4 · Q&A responses: +15.02019 Q1 · Q&A responses: +6.42019 Q2 · Q&A responses: +15.32019 Q3 · Q&A responses: +4.42019 Q4 · Q&A responses: +8.52020 Q1 · Q&A responses: +5.32020 Q2 · Q&A responses: +8.12020 Q3 · Q&A responses: +3.92020 Q4 · Q&A responses: +8.92021 Q1 · Q&A responses: +3.72021 Q2 · Q&A responses: +9.52021 Q3 · Q&A responses: +21.82021 Q4 · Q&A responses: +12.82022 Q1 · Q&A responses: +11.52022 Q2 · Q&A responses: +14.52022 Q3 · Q&A responses: +15.42022 Q4 · Q&A responses: +16.92023 Q1 · Q&A responses: +10.82023 Q2 · Q&A responses: +7.32023 Q3 · Q&A responses: +12.82023 Q4 · Q&A responses: +18.32024 Q1 · Q&A responses: +9.32024 Q2 · Q&A responses: +8.42024 Q3 · Q&A responses: +15.72024 Q4 · Q&A responses: +16.12025 Q1 · Q&A responses: +16.02025 Q2 · Q&A responses: +12.02025 Q3 · Q&A responses: +6.5
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.77$4.94$8.112006 Q32009 Q22011 Q42014 Q22016 Q42019 Q22021 Q42024 Q22014 Q1: $2.982014 Q2: $3.002014 Q3: $3.102014 Q4: $3.112015 Q1: $2.922015 Q2: $2.212015 Q3: $2.502015 Q4: $2.582016 Q1: $2.342016 Q2: $2.252016 Q3: $2.482016 Q4: $2.782017 Q1: $3.042017 Q2: $3.072017 Q3: $3.242017 Q4: $3.542018 Q1: $3.732018 Q2: $4.172018 Q3: $4.612018 Q4: $4.842019 Q1: $4.972019 Q2: $5.032019 Q3: $4.282019 Q4: $4.592020 Q1: $4.522020 Q2: $3.412020 Q3: $3.652020 Q4: $4.202021 Q1: $4.472021 Q2: $4.672021 Q3: $5.192021 Q4: $5.362022 Q1: $5.482022 Q2: $5.582022 Q3: $5.752022 Q4: $5.632023 Q1: $5.622023 Q2: $5.802023 Q3: $5.912023 Q4: $6.342024 Q1: $6.692024 Q2: $6.972024 Q3: $7.312024 Q4: $7.68

Forward P/E

8.6313.9219.212006 Q32009 Q22011 Q42014 Q22016 Q42019 Q22021 Q42024 Q22014 Q1: 12.452014 Q2: 12.162014 Q3: 13.902014 Q4: 13.122015 Q1: 12.782015 Q2: 15.312015 Q3: 12.932015 Q4: 11.232016 Q1: 11.262016 Q2: 10.842016 Q3: 13.952016 Q4: 13.032017 Q1: 13.902017 Q2: 12.402017 Q3: 12.442017 Q4: 16.342018 Q1: 17.292018 Q2: 18.252018 Q3: 18.242018 Q4: 12.272019 Q1: 13.192019 Q2: 12.262019 Q3: 12.852019 Q4: 13.712020 Q1: 9.362020 Q2: 12.652020 Q3: 12.372020 Q4: 15.272021 Q1: 15.932021 Q2: 17.702021 Q3: 17.992021 Q4: 16.562022 Q1: 15.492022 Q2: 11.722022 Q3: 12.212022 Q4: 11.442023 Q1: 10.862023 Q2: 12.642023 Q3: 13.192023 Q4: 14.122024 Q1: 15.432024 Q2: 18.482024 Q3: 16.332024 Q4: 15.42

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q3 tone ↓ -3.1 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q1 tone ↑ +2.6 fwd EPS ↓ -0.19 Tone rose while the forward EPS estimate was cut.
  • 2015 Q3 tone ↓ -3.0 fwd EPS ↑ +0.29 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↑ +6.6 fwd EPS ↓ -0.24 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↑ +4.3 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.
  • 2017 Q3 tone ↓ -6.6 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -7.8 fwd EPS ↑ +0.44 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -10.4 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +5.8 fwd EPS ↓ -1.11 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -2.9 fwd EPS ↑ +0.23 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -2.6 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -4.7 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -2.6 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +7.0 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↓ -3.6 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -5.8 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q32025-02-27+7.0——View →
2025 Q22024-11-21+11.0——View →
2025 Q12024-08-28+12.6——View →
2024 Q42024-05-30+13.4$7.6815.4View →
2024 Q32024-02-29+14.8$7.3116.3View →
2024 Q22023-11-28+7.6$6.9718.5View →
2024 Q12023-08-23+9.4$6.6915.4View →
2023 Q42023-05-31+15.1$6.3414.1View →