NetApp Inc (NTAP)
NASDAQ:NTAP
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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)3.31M
Market Cap
$34.66B
Enterprise Value$33.42B
Total Cash (Recent Filing)$3.58B
Total Debt (Recent Filing)$2.49B
Price to Earnings (P/E)27.1
Beta1.39
Next Earnings
Sep 02, 2026EPS Estimate
2.1Next Dividend Ex-DateN/A
Dividend Yield1.89%
Share Statistics
EPS (TTM)8.10
Shares Outstanding197,330,400
10 Day Avg. Volume5,529,601
30 Day Avg. Volume3,314,025
Financial Highlights & Ratios
PEG Ratio1.57
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/Revenue3.86
Enterprise Value/Gross Profit5.49
Enterprise Value/Ebitda14.10
Forecast
1Y Price Target
$169.00Price Target Upside61.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)8.85
Revenue Forecast (FY)$7.45B
Bulls Say, Bears Say
Bulls Say
Exceptional Free Cash Flow GenerationVery strong and growing free cash flow provides durable financial flexibility: funds sustained capex, product investment, debt reduction, and sizable shareholder returns. High FCF conversion (~90% of net income) also signals earnings quality and resilience through IT spending cycles.
High And Sustainable MarginsConsistently elevated gross and operating margins reflect product mix (all‑flash, software, cloud services) and pricing power. Margin levels create ongoing cash generation and reinvestment capacity and insulate results from moderate revenue fluctuations over the next several quarters.
Cloud, Keystone And AI-driven Revenue MomentumRapid growth in subscription/Keystone and cloud services shifts revenue toward higher‑visibility, recurring streams and improves long‑term gross margins. Early AI win momentum and sizable unbilled RPO expand addressable market and support durable revenue reacceleration across customer segments.
Bears Say
Elevated Leverage And Thin Equity BaseMaterial leverage and a modest equity cushion amplify earnings volatility and constrain strategic optionality. If component costs or deal timing pressure margins, high leverage raises refinancing and interest risks and limits buffer for M&A or cyclical downturns over the next several quarters.
Component Cost Pressure On Product MarginsSustained increases in DRAM/NAND and related component costs directly compress product gross margins and could force price adjustments or margin dilution. Given product mix exposure, prolonged input cost inflation would erode profitability and cash generation absent offsetting price or mix improvements.
Inventory Build And Lower Inventory TurnsRising inventories and slower turns tie up working capital and introduce execution risk if end‑demand shifts. Higher inventory levels can pressure free cash flow timing and create margin markdown risk, making earnings cadence and liquidity more sensitive to deal timing over the next few quarters.
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 $34.66B.
When is NetApp Inc’s upcoming earnings report date?
NetApp Inc’s upcoming earnings report date is Sep 02, 2026 which is in 91 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 2.1.
How many shares outstanding does NetApp Inc have?
NetApp Inc has 197,330,400 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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Analyst Consensus
Moderate Buy
Average Price Target:
$169.00 (61.68% Upside)
$169.00 (61.68% Upside)
Blogger Sentiment
Bullish
NTAP Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 395.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 7.9%
Last 30 Days ▲ 12.8%
Last 30 Days ▲ 12.8%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 9%
Bearish news 9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
81.26%
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. 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
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
89.88% Hybrid Cloud
10.12% Public Cloud
NTAP Stock 12 Month Forecast
Average Price Target
$169.00
▲(61.68% Upside)
Technical Analysis
Ownership Overview
0.33% Insiders
30.03% Mutual Funds
21.84% Other Institutional Investors
11.78% Public Companies and Individual Investors