NetApp Inc (NTAP)

Currency in USD
226.27
+11.22(+5.22%)
Closed·
227.00+0.73(+0.32%)
·
Trading near 52-week High
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Fair Value
Day's Range
216.25231.90
52 wk Range
93.69231.90
Key Statistics
Prev. Close
226.27
Open
216.43
Day's Range
216.25-231.9
52 wk Range
93.69-231.9
Volume
5.06M
Average Volume (3m)
2.59M
1-Year Change
90.5913%
Book Value / Share
7.62
Fair Value
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Fair Value Upside
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NTAP Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
198.25
Downside
-12.38%
Members' Sentiments
Bearish
Bullish
ProTips
RSI suggests the stock is in overbought territory

NetApp Inc News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Buy

Analyst Ratings

8 Buy
12 Hold
0 Sell
Ratings:
20 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 198.25
(-12.38% Downside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Wells Fargo
Hold190.00-16.03%-MaintainSep 30, 2026
Evercore ISI
Hold210.00-7.19%-MaintainSep 30, 2026
BofA Securities
Hold220.00-2.77%200.00MaintainSep 30, 2026
UBS
Hold171.00-24.43%160.00MaintainSep 03, 2026
Susquehanna
Hold195.00-13.82%185.00MaintainSep 03, 2026

NetApp Inc Earnings Call Summary for Q1/2027

  • NetApp posted Q1 FY2026 adjusted EPS of $2.58 vs. $2.11 est., revenue of $2.03B vs. $1.83B est.; stock fell 8.92% after-hours despite beat.
  • Revenue rose 30% YoY (26% ex-extra week); all-flash arrays up 47% to $1.31B, hybrid cloud up 30% to $1.82B, driven by AI and modernization demand.
  • Company raised FY2027 revenue guidance by $650M to $7.975B-$8.225B (17% growth at midpoint); Q2 revenue guided to $2.1B ±$75M, EPS $2.54-$2.64.
  • Operating margin expanded 610 bps YoY to 31.9%; adjusted EPS grew 66%, outpacing revenue growth, demonstrating strong operating leverage.
  • Investor concern centered on implied growth deceleration in H2 and reliance on accelerated purchases by large customers; won ~350 AI/data lake deals in Q1.
Last Updated: 09/03/2026, 06:48 AM
Read Full Transcript

Earnings

Latest Release
Sep 02, 2026
EPS / Forecast
2.58 / 2.11
Revenue / Forecast
2.03B / 1.83B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 7.09%
Dividend Yield
0.97%
Industry Median 0.42%
Annualized payout
2.08
Paid quarterly
5-Years Growth
+1.40%
Growth Streak

NTAP Income Statement

Compare NTAP to Peers and Sector

Metrics to compare
NTAP
Peers
Sector
Relationship
P/E Ratio
31.3x33.9x12.0x
PEG Ratio
1.180.240.01
Price/Book
29.7x8.5x2.4x
Price / LTM Sales
6.0x5.0x2.3x
Upside (Analyst Target)
−7.8%22.2%32.5%
Fair Value Upside
Unlock−17.4%4.8%Unlock

NetApp, Inc. develops enterprise software, systems, and services to transform data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, including NetApp AFF and ASA A-Series and C-Series, NetApp AFX, NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage services comprising Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp Cloud Volumes ONTAP. In addition, the company offers operational services, such as NetApp Data Infrastructure Insights and Instaclustr; and professional and support services include storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, migration, and proactive support services to optimize the performance and efficiency of their on-premises and hybrid multicloud storage environments. Further, it offers ransomware protection, data backup and recovery, and disaster recovery. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners, including the cloud providers. The company has a strategic alliance with Commvault Systems, Inc. to develop an integrated solution for enterprise data protection and cyber resilience; and Super Micro Computer, Inc. to build integrated AI infrastructure solutions. NetApp, Inc. was incorporated in 1992 and is based in San Jose, California.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
112.05M57.05%23.54B
Other Institutional Investors
86.23M42.95%18.12B
Public Companies & Retail Investors
0.000.00%0.00
Total
198.28M100.00%41.66B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.9.62%18,901,3213,970,790
Vanguard Capital Management, LLC7.13%14,002,7052,941,688

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FAQ

What Is the NetApp (NTAP) Stock Price Today?

The NetApp stock price today is 226.27 USD.

What Stock Exchange Does NetApp Trade On?

NetApp is listed and trades on the Nasdaq Stock Exchange.

What Is the Stock Symbol for NetApp?

The stock symbol for NetApp is "NTAP."

Does NetApp Pay Dividends? What’s The Current Dividend Yield?

The NetApp dividend yield is 0.97%.

What Is the NetApp Market Cap?

As of today, NetApp market cap is 42.24B USD.

What Is NetApp's Earnings Per Share (TTM)?

The NetApp EPS (TTM) is 7.09.

When Is the Next NetApp Earnings Date?

NetApp will release its next earnings report on Dec 01, 2026.

From a Technical Analysis Perspective, Is NTAP a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has NetApp Stock Split?

NetApp has split 4 times.

How Many Employees Does NetApp Have?

NetApp has 11700 employees.

What is the current trading status of NetApp (NTAP)?

As of Oct 03, 2026, NetApp (NTAP) is trading at a price of 226.27 USD, with a previous close of 226.27 USD. The stock has fluctuated within a day range of 216.25 USD to 231.90 USD, while its 52-week range spans from 93.69 USD to 231.90 USD.

What Is NetApp (NTAP) Price Target According to Analysts?

The average 12-month price target for NetApp is 198.25 USD, with a high estimate of 220 USD and a low estimate of 170 USD. 8 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Buy. The stock has an -12.38% Downside potential.

What Is the NTAP Premarket Price?

NTAP's last pre-market stock price is 216.55 USD. The pre-market share volume is 6,120.00, and the stock has decreased by 1.50, or 0.70%.

What Is the NTAP After Hours Price?

NTAP's last after hours stock price is 227.00 USD, the stock has decreased by 0.73, or 0.32%.
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