New insider activity at NetApp ( (NTAP) ) has taken place on September 19, 2025.
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CEO George Kurian has recently sold 8,750 shares of NetApp stock, amounting to a total transaction value of $1,075,462.
Recent Updates on NTAP stock
NetApp Inc. recently held its Q1 earnings call for fiscal year 2026, reporting a revenue of $1.56 billion, which exceeded guidance expectations. The company showed strong performance in its all-flash and cloud services, with a 5% growth in all-flash array revenue and a 33% increase in public cloud services. However, challenges were noted in the US public sector and EMEA, with spending delays impacting results. Despite a 2% decline in product revenue, NetApp highlighted robust cash flow and strategic wins in AI infrastructure. The company’s strategic initiatives, including collaborations with NVIDIA and Microsoft, aim to strengthen its position in the AI and data infrastructure markets. Looking forward, NetApp provided guidance for Q2 and the full fiscal year, projecting continued revenue growth and a focus on enhancing profitability and shareholder value.
Spark’s Take on NTAP Stock
According to Spark, TipRanks’ AI Analyst, NTAP is a Outperform.
NetApp’s strong financial performance and strategic focus on cloud services and AI infrastructure are key strengths, driving growth and profitability. Technical indicators suggest caution due to overbought conditions, while valuation metrics indicate fair pricing. Earnings call insights reveal robust growth but also highlight regional challenges. Overall, NetApp is well-positioned but faces some risks that investors should monitor.
To see Spark’s full report on NTAP stock, click here.
More about NetApp
YTD Price Performance: 10.58%
Average Trading Volume: 1,840,583
Technical Sentiment Signal: Strong Buy
Current Market Cap: $24.74B