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NTAP Stock Chart & Stats
$104.53
$0.05(0.04%)
At close: 4:00 PM EST
$104.53
$0.05(0.04%)
Day’s Range― - ―
52-Week Range$93.69 - $192.83
Previous CloseN/A
Volume224.21K
Average Volume (3M)3.86M
Market Cap
$32.41B
Enterprise Value$30.99B
Total Cash (Recent Filing)$3.58B
Total Debt (Recent Filing)$2.73B
Price to Earnings (P/E)26.7
Beta1.41
Next Earnings
Sep 02, 2026EPS Estimate
2.11Next Dividend Ex-DateN/A
Dividend Yield1.89%
Share Statistics
EPS (TTM)8.10
Shares Outstanding195,919,920
10 Day Avg. Volume2,566,892
30 Day Avg. Volume3,855,665
Financial Highlights & Ratios
PEG Ratio1.58
Price to Book (P/B)15.85
Price to Sales (P/S)3.09
P/FCF Ratio11.46
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue3.58
Enterprise Value/Gross Profit5.09
Enterprise Value/Ebitda13.00
Forecast
1Y Price Target
$171.31Price Target Upside63.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)8.9
Revenue Forecast (FY)$7.48B
Bulls Say, Bears Say
Bulls Say
Free Cash Flow & Capital ReturnsVery strong, recurring free cash flow funds buybacks, dividends and reinvestment, enabling durable shareholder returns and strategic optionality. High FCF that closely tracks earnings improves earnings quality and provides a buffer against cyclical downturns, supporting long-term financial flexibility.
High Margins And ProfitabilitySustained high gross and operating margins reflect favorable product and cloud mix, pricing power and operational leverage. Durable margin structure supports cash generation and investment capacity, making earnings less sensitive to modest revenue fluctuations over a multi‑quarter horizon.
Cloud, Keystone & AI-driven GrowthRapid growth in storage-as-a-service, cloud services and early AI wins expand addressable market and recurring revenue. Keystone's rising unbilled RPO and higher‑margin cloud mix enhance revenue visibility and stickiness, supporting durable top-line growth and margin tailwinds over months to years.
Bears Say
Elevated Leverage / Thin EquityA relatively high leverage ratio and modest equity base amplify balance-sheet risk if operating performance weakens. Elevated net debt limits financial flexibility for large investments and increases vulnerability to margin compression or slower revenue cadence over the medium term.
Component Cost PressurePersistent memory and component inflation can structurally erode product margins, forcing price or mix changes to preserve profitability. Even with cloud mix tailwinds, sustained cost headwinds could compress operating margins and reduce the durability of recent margin expansion.
Working-capital & Large-deal Cadence RiskRising inventories and lower turns increase working-capital needs and can depress near-term cash conversion. Coupled with dependence on large transactions, this creates revenue timing volatility and potential cash-flow swings that could stress operations or capital-return plans if deal timing shifts.
NetApp News
NTAP FAQ
What was NetApp Inc’s price range in the past 12 months?
NetApp Inc lowest stock price was $93.69 and its highest was $192.83 in the past 12 months.
What is NetApp Inc’s market cap?
NetApp Inc’s market cap is $32.41B.
When is NetApp Inc’s upcoming earnings report date?
NetApp Inc’s upcoming earnings report date is Sep 02, 2026 which is in 54 days.
How were NetApp Inc’s earnings last quarter?
NetApp Inc released its earnings results on May 28, 2026. The company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.272 by $0.158.
Is NetApp Inc overvalued?
According to Wall Street analysts NetApp Inc’s price is currently Undervalued.
Does NetApp Inc pay dividends?
NetApp Inc pays a Quarterly dividend of $0.52 which represents an annual dividend yield of 1.89%. See more information on NetApp Inc dividends here
What is NetApp Inc’s EPS estimate?
NetApp Inc’s EPS estimate is 2.11.
How many shares outstanding does NetApp Inc have?
NetApp Inc has 195,919,920 shares outstanding.
What happened to NetApp Inc’s price movement after its last earnings report?
NetApp Inc reported an EPS of $2.43 in its last earnings report, beating expectations of $2.272. Following the earnings report the stock price went up 22.395%.
Which hedge fund is a major shareholder of NetApp Inc?
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
Outperform
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$171.31 (63.88% Upside)
$171.31 (63.88% Upside)
Blogger Sentiment
Bullish
NTAP Sentiment 70%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 395.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.9%
Last 30 Days ▲ 5.7%
Last 30 Days ▲ 5.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
57.30%
12-Months-Change
Fundamentals
Return on Equity
114.18%
Trailing 12-Months
Asset Growth
-0.73%
Trailing 12-Months
Company Description
NetApp Inc
NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California.
NTAP Company Deck
NTAP Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call communicated a strong, constructive performance: record revenue, margins, EPS, and cash flow, driven by cloud, all-flash, Keystone, and accelerating AI-related demand. Management acknowledged component cost pressures and inventory changes, provided prudent margin guidance for FY27, and did not quantify AI revenue contribution. On balance the positives — clear revenue and profitability acceleration, robust cash generation, strong cloud/all-flash/Keystone growth, and meaningful AI deal momentum — outweigh the near-term margin and supply uncertainties, suggesting confidence in durable demand and disciplined financial management.View all NTAP earnings summariesNTAP Net revenue Breakdown
90.06% Hybrid Cloud
9.94% Public Cloud
NTAP Stock 12 Month Forecast
Average Price Target
$171.31
▲(63.88% Upside)
Technical Analysis
Ownership Overview
0.31% Insiders
30.12% Mutual Funds
0.49% Other Institutional Investors
36.23% Public Companies and Individual Investors