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NetApp (NTAP)
NASDAQ:NTAP
NTAP Stock Chart & Stats
$101.11
$0.05(0.04%)
At close: 4:00 PM EST
$101.11
$0.05(0.04%)
Day’s Range― - ―
52-Week Range$71.84 - $126.66
Previous CloseN/A
Volume224.21K
Average Volume (3M)2.21M
Market Cap
$19.95B
Enterprise Value$21.13B
Total Cash (Recent Filing)$3.02B
Total Debt (Recent Filing)$2.73B
Price to Earnings (P/E)14.4
Beta1.41
Next Earnings
May 28, 2026EPS Estimate
2.27Next Dividend Ex-DateN/A
Dividend Yield1.89%
Share Statistics
EPS (TTM)2.12
Shares Outstanding197,330,400
10 Day Avg. Volume1,972,082
30 Day Avg. Volume2,214,711
Financial Highlights & Ratios
PEG Ratio0.68
Price to Book (P/B)17.60
Price to Sales (P/S)2.79
P/FCF Ratio13.68
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue3.15
Enterprise Value/Gross Profit4.47
Enterprise Value/Ebitda11.80
Forecast
1Y Price Target
$116.70Price Target Upside15.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)7.98
Revenue Forecast (FY)$6.84B
Bulls Say, Bears Say
Bulls Say
AI Product TractionAnalyst notes new initiatives such as AI Data Engine and AFX are gaining early traction, supporting expectations that AI-related storage demand can become a material growth driver for the company.
Cloud And Consumption Revenue MixAnalyst highlights growth in Keystone storage-as-a-service and public cloud offerings as a shift toward higher-margin, consumption-based revenue that can improve long-term profitability.
Management Access And Guidance ClarityAnalyst points to management meetings with investors and above-consensus guidance as factors that enhance forward visibility and investor confidence in the company’s near-term outlook.
Bears Say
Demand Weakness And Inventory DeclineAnalyst notes falling inventory levels and fragile enterprise spending as signs of limited customer pre-purchasing, raising concern about future demand and potential downward pressure on unit volumes.
Memory Component Cost InflationAnalyst warns that significant increases in flash and DRAM memory costs are creating a meaningful headwind to product gross margins and could force material price increases.
Product Gross Margin CompressionAnalyst models continued product margin compression driven by an unfavorable product mix and rising input costs, which could push margins below long-term targets and pressure profitability.
NetApp News
NTAP FAQ
What was NetApp’s price range in the past 12 months?
NetApp lowest stock price was $71.84 and its highest was $126.66 in the past 12 months.
What is NetApp’s market cap?
NetApp’s market cap is $19.95B.
When is NetApp’s upcoming earnings report date?
NetApp’s upcoming earnings report date is May 28, 2026 which is in 66 days.
How were NetApp’s earnings last quarter?
NetApp released its earnings results on Feb 26, 2026. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.062 by $0.058.
Is NetApp overvalued?
According to Wall Street analysts NetApp’s price is currently Undervalued.
Does NetApp pay dividends?
NetApp pays a Quarterly dividend of $0.52 which represents an annual dividend yield of 1.89%. See more information on NetApp dividends here
What is NetApp’s EPS estimate?
NetApp’s EPS estimate is 2.27.
How many shares outstanding does NetApp have?
NetApp has 197,330,400 shares outstanding.
What happened to NetApp’s price movement after its last earnings report?
NetApp reported an EPS of $2.12 in its last earnings report, beating expectations of $2.062. Following the earnings report the stock price went down -0.111%.
Which hedge fund is a major shareholder of NetApp?
Currently, no hedge funds are holding shares in NTAP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
NetApp Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$116.70 (15.42% Upside)
$116.70 (15.42% Upside)
Blogger Sentiment
Bullish
NTAP Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 890.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days <0.1%
Last 30 Days ▼ 1.1%
Last 30 Days ▼ 1.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
12.05%
12-Months-Change
Fundamentals
Return on Equity
116.57%
Trailing 12-Months
Asset Growth
10.92%
Trailing 12-Months
Company Description
NetApp
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense, and NetApp Cloud Volumes Edge Cache; and cloud operations services, such as NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco, and Spot CloudCheckr. In addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
NTAP Company Deck
NTAP Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented multiple strong operational achievements: revenue and EPS growth, record operating income, robust all-flash and Keystone momentum, growing deferred revenue/RPO and accelerating AI customer adoption (300 AI customers, AFX early wins and AIDE coming in Q4). Those positives are tempered by margin pressure at the product level driven by unfavorable mix and open-market purchases, and by an ongoing risk from inflationary memory prices and supply dynamics. Management is addressing these challenges via price increases, supplier engagement, and portfolio flexibility (hybrid, Keystone, cloud). On balance the call emphasized solid execution and growth opportunities while acknowledging manageable near-term margin and supply risks.View all NTAP earnings summariesNTAP Net revenue Breakdown
89.88% Hybrid Cloud
10.12% Public Cloud
NTAP Stock 12 Month Forecast
Average Price Target
$116.70
▲(15.42% Upside)
Technical Analysis
Ownership Overview
0.33% Insiders
30.26% Mutual Funds
22.10% Other Institutional Investors
14.47% Public Companies and Individual Investors