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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 - $209.06
Previous Close$169.86
Volume1.72M
Average Volume (3M)2.29M
Market Cap
$35.94B
Enterprise Value$34.65K
Total Cash (Recent Filing)$3.58B
Total Debt (Recent Filing)$2.73B
Price to Earnings (P/E)25.2
Beta1.44
Next Earnings
Dec 01, 2026EPS Estimate
2.51Next Dividend Ex-DateN/A
Dividend Yield1.15%
Share Statistics
EPS (TTM)8.10
Shares Outstanding196,234,270
10 Day Avg. Volume2,136,591
30 Day Avg. Volume2,286,734
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$193.08Price Target Upside3.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)9.03
Revenue Forecast (FY)$7.54B
Bulls Say, Bears Say
Bulls Say
Strong Growth And ProfitabilityThe combination of accelerating revenue, very high gross margins, and healthy net profitability supports durable earnings power. Consistent profitability gives NetApp resources to invest in product development and compete across enterprise storage markets.
Exceptional Cash GenerationStrong cash conversion, with free cash flow near 90% of net income, indicates high earnings quality and financial flexibility. This supports continued investment, shareholder returns, debt management, and resilience through changing storage demand.
Cloud, All-flash And Keystone ExpansionGrowth in cloud services, all-flash systems, and storage-as-a-service strengthens NetApp’s position in hybrid multicloud infrastructure. These offerings can increase recurring revenue, deepen customer relationships, and improve mix as workloads modernize.
Bears Say
Elevated Balance-sheet LeverageLeverage and a thin equity cushion leave less room for error if growth or margins weaken. Although debt declined recently, elevated debt relative to equity can amplify shareholder risk and constrain flexibility during an industry downturn.
Structural Component Cost PressureMemory and component inflation can pressure product margins and limit the benefit of strong demand. Management expects a product-margin trough and gradual improvement, but sustained supply-cost volatility may reduce profitability versus recent highs.
Working-capital And Deal-timing RiskHigher inventory and lower turns can tie up cash and raise execution risk if demand or component availability changes. Dependence on large transactions also makes revenue cadence less predictable when customer purchasing decisions shift.
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 $209.06 in the past 12 months.
What is NetApp’s market cap?
NetApp’s market cap is $35.94B.
When is NetApp’s upcoming earnings report date?
NetApp’s upcoming earnings report date is Dec 01, 2026 which is in 89 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 1.15%. See more information on NetApp dividends here
What is NetApp’s EPS estimate?
NetApp’s EPS estimate is 2.51.
How many shares outstanding does NetApp have?
NetApp has 196,234,270 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 same N/A.
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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$193.08 (3.24% Upside)
$193.08 (3.24% Upside)
Blogger Sentiment
Bullish
NTAP Sentiment 77%
Sector Average 59%
Sector Average 59%
Hedge Fund Trend
Decreased
By 100.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.5%
Last 30 Days ▲ 4.0%
Last 30 Days ▲ 4.0%
News Sentiment
Very Bullish
Bullish news 86%
Bearish news 14%
Bearish news 14%
Technicals
SMA
Positive
20 days / 200 days
Momentum
59.43%
12-Months-Change
Fundamentals
Return on Equity
1.15%
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 NTAP earnings summariesNTAP Net revenue Breakdown
90.06% Hybrid Cloud
9.94% Public Cloud
NTAP Stock 12 Month Forecast
Average Price Target
$193.08
▲(3.24% Upside)
Technical Analysis
Seagate Tech
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Ownership Overview
0.32% Insiders
30.08% Mutual Funds
20.50% Other Institutional Investors
15.53% Public Companies and Individual Investors