NTAP Stock Chart & Stats
$3188.00
$0.00(0.00%)
At close: 4:00 PM EDT
$3188.00
$0.00(0.00%)
Day’s Range― - ―
52-Week Range$1,748.22 - $3,515.60
Previous CloseN/A
Volume0.00
Average Volume (3M)299.00
Market Cap
$611.99B
Enterprise Value$34.65K
Total Cash (Recent Filing)$3.58B
Total Debt (Recent Filing)$2.53B
Price to Earnings (P/E)27.8
Beta-0.52
Next Earnings
Dec 01, 2026EPS Estimate
43.72Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)7.18
Shares Outstanding196,419,000
10 Day Avg. Volume133
30 Day Avg. Volume299
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$3,320.25Price Target Upside4.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)168.87
Revenue Forecast (FY)$138.11B
Bulls Say, Bears Say
Bulls Say
Strong Profitability And Margin ExpansionNetApp combines high gross margins with materially improved operating profitability, indicating meaningful software, services, and mix advantages. This earnings structure can support continued investment in products and cloud capabilities while providing resilience as revenue grows over the next several quarters.
Exceptional Cash GenerationRobust operating and free cash flow demonstrates strong earnings quality and gives NetApp substantial financial capacity. Cash generation can fund research, cloud expansion, debt management, and shareholder returns, strengthening the company’s ability to pursue growth without relying heavily on external financing.
Cloud, All-flash, And Keystone GrowthGrowth across public cloud and all-flash storage, reinforced by rapid Keystone expansion, supports a durable shift toward higher-value and service-oriented offerings. These businesses broaden NetApp’s role in hybrid data infrastructure and can increase recurring or consumption-linked revenue over time.
Bears Say
Elevated Balance-sheet LeverageAlthough leverage has improved from prior peaks, debt remains high relative to the equity base and leaves less financial flexibility than a conservatively financed peer. A smaller equity cushion can increase sensitivity to earnings volatility and constrain capital allocation during weaker conditions.
Component Costs Pressure Product MarginsHigher memory and component costs directly pressure product economics and are expected to hold down gross margin in the near term. Even with gradual improvement, sustained cost inflation or incomplete price recovery could limit operating leverage and reduce the profitability benefit of revenue growth.
Dependence On Large-deal TimingReliance on a small number of large transactions can make reported growth less consistent because the timing of enterprise purchases may move between quarters. This creates execution and forecasting risk, potentially producing uneven revenue, cash flow, and margin performance despite healthy underlying demand.
NetApp News
NTAP FAQ
What was NetApp’s price range in the past 12 months?
NetApp lowest stock price was $1748.22 and its highest was $3515.60 in the past 12 months.
What is NetApp’s market cap?
NetApp’s market cap is $611.99B.
When is NetApp’s upcoming earnings report date?
NetApp’s upcoming earnings report date is Dec 01, 2026 which is in 79 days.
How were NetApp’s earnings last quarter?
NetApp released its earnings results on Sep 02, 2026. The company reported $43.783 earnings per share for the quarter, beating the consensus estimate of $36.028 by $7.755.
Is NetApp overvalued?
According to Wall Street analysts NetApp’s price is currently Undervalued.
Does NetApp pay dividends?
NetApp does not currently pay dividends.
What is NetApp’s EPS estimate?
NetApp’s EPS estimate is 43.72.
How many shares outstanding does NetApp have?
NetApp has 196,419,000 shares outstanding.
What happened to NetApp’s price movement after its last earnings report?
NetApp reported an EPS of $43.783 in its last earnings report, beating expectations of $36.028. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of NetApp?
Currently, no hedge funds are holding shares in MX: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
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$3,320.25 (4.15% Upside)
$3,320.25 (4.15% Upside)
Blogger Sentiment
Bullish
MX:NTAP Sentiment 88%
Sector Average 61%
Sector Average 61%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
62.09%
12-Months-Change
Fundamentals
Return on Equity
1.03%
Trailing 12-Months
Asset Growth
13.18%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
NetApp
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
Q1 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 MX:NTAP earnings summariesNTAP Net revenue Breakdown
90.06% Hybrid Cloud
9.94% Public Cloud
NTAP Stock 12 Month Forecast
Average Price Target
$3,320.25
▲(4.15% Upside)
Technical Analysis
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