Want to see NTAP full AI Analyst Report?
NTAP Stock Chart & Stats
$187.02
$2.06(1.23%)
At close: 4:00 PM EDT
$187.02
$2.06(1.23%)
Day’s Range― - ―
52-Week Range$93.69 - $240.87
Previous Close$169.86
Volume1.72M
Average Volume (3M)2.50M
Market Cap
$40.03B
Enterprise Value$34.65B
Total Cash (Recent Filing)$3.58B
Total Debt (Recent Filing)$2.53B
Price to Earnings (P/E)28.4
Beta1.49
Next Earnings
Dec 01, 2026EPS Estimate
2.6Next Dividend Ex-DateN/A
Dividend Yield1.02%
Share Statistics
EPS (TTM)7.18
Shares Outstanding196,419,000
10 Day Avg. Volume2,708,919
30 Day Avg. Volume2,500,840
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 Cap0.87
Enterprise Value/Revenue4.69
Enterprise Value/Gross Profit6.64
Enterprise Value/Ebitda16.14
Forecast
1Y Price Target
$213.53Price Target Upside14.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
EPS Forecast (FY)10
Revenue Forecast (FY)$8.18B
Bulls Say, Bears Say
Bulls Say
All-flash Share GainsRapid all-flash growth and reported competitive wins indicate that NetApp is gaining relevance in mission-critical and AI-intensive workloads. Greater adoption can deepen customer relationships, expand the installed base, and support recurring software and support revenue over multiple quarters.
Cloud Growth And High MarginsStrong public-cloud growth combined with an 86.4% gross margin supports a more scalable mix of software and cloud services. Continued adoption of first-party and marketplace offerings could improve revenue durability and reduce reliance on discrete hardware purchases.
Strong Cash GenerationSubstantial free cash flow that broadly tracks net income demonstrates meaningful earnings quality and internal funding capacity. This supports investment in AI and cloud capabilities, shareholder returns, and balance-sheet management without depending solely on external financing.
Bears Say
Elevated LeverageDebt remains high relative to the equity base even after improving from prior years. The resulting leverage can make earnings more sensitive to business fluctuations, limit financial flexibility, and compete with investment or shareholder-return priorities if conditions weaken.
Product-mix Margin PressureA larger product mix is reducing consolidated gross margin, and management expects further pressure in Q2 as product revenue becomes a higher share of sales. Persistent mix effects could constrain margin expansion even while revenue growth remains strong.
Softer Cash-flow MomentumAlthough absolute cash generation is strong, declining free-cash-flow momentum and modest conversion relative to EBIT point to variability in cash realization. If this persists, it could reduce the reliability of funding for growth, returns, and debt reduction.
NetApp News
NTAP FAQ
What was NetApp’s price range in the past 12 months?
NetApp lowest stock price was $93.69 and its highest was $240.87 in the past 12 months.
What is NetApp’s market cap?
NetApp’s market cap is $40.03B.
When is NetApp’s upcoming earnings report date?
NetApp’s upcoming earnings report date is Dec 01, 2026 which is in 43 days.
How were NetApp’s earnings last quarter?
NetApp released its earnings results on Sep 02, 2026. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.123 by $0.457.
Is NetApp overvalued?
According to Wall Street analysts NetApp’s price is currently Undervalued.
Does NetApp pay dividends?
NetApp pays a Quarterly dividend of $0.52 which represents an annual dividend yield of 1.02%. See more information on NetApp dividends here
What is NetApp’s EPS estimate?
NetApp’s EPS estimate is 2.6.
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 $2.58 in its last earnings report, beating expectations of $2.123. Following the earnings report the stock price went up 2.55%.
Which hedge fund is a major shareholder of NetApp?
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
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$213.53 (14.18% Upside)
$213.53 (14.18% Upside)
Blogger Sentiment
Bullish
NTAP Sentiment 74%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 103.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.5%
Last 30 Days ▲ 12.9%
Last 30 Days ▲ 12.9%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
73.31%
12-Months-Change
Fundamentals
Return on Equity
113.67%
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 was strongly positive. NetApp reported record Q1 results, broad-based demand, substantial AI and cloud momentum, strong cash generation, and materially raised fiscal-year revenue, margin, and EPS guidance. The principal challenges were higher component costs, product-mix-related gross margin pressure, lower sequential inventory turns, and some timing variability from accelerated or deferred customer purchases, but management said product-margin expectations had improved slightly versus prior guidance and expressed strong confidence in the business.View all NTAP earnings summariesNTAP Net revenue Breakdown
90.06% Hybrid Cloud
9.94% Public Cloud
NTAP Stock 12 Month Forecast
Average Price Target
$213.53
▲(14.18% Upside)
Technical Analysis
Seagate Tech
―
Super Micro Computer
―
Western Digital
―
Hewlett Packard Enterprise
―
Dell Technologies
―
Ownership Overview
0.24% Insiders
30.05% Mutual Funds
1.03% Other Institutional Investors
35.80% Public Companies and Individual Investors