NetApp, Inc. (NTAP)
| Market Cap | 42.31B +78.0% |
| Revenue (ttm) | 7.39B +12.2% |
| Net Income | 1.42B +21.1% |
| EPS | 7.09 +25.2% |
| Shares Out | 196.42M |
| PE Ratio | 30.40 |
| Forward PE | 21.58 |
| Dividend | $2.08 (0.97%) |
| Ex-Dividend Date | Oct 9, 2026 |
| Volume | 970,259 |
| Open | 212.51 |
| Previous Close | 212.51 |
| Day's Range | 212.51 - 217.75 |
| 52-Week Range | 93.69 - 240.87 |
| Beta | 1.45 |
| Analysts | Buy |
| Price Target | 211.69 (-1.73%) |
| Earnings Date | Dec 1, 2026 |
About NTAP
NetApp, Inc. develops enterprise software, systems, and services to transform data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, including NetApp AFF and ASA A-Series and C... [Read more]
Financial Performance
In fiscal year 2026, NetApp's revenue was $6.93 billion, an increase of 5.37% compared to the previous year's $6.57 billion. Earnings were $1.28 billion, an increase of 7.59%.
Financial StatementsAnalyst Summary
According to 20 analysts, the average rating for NTAP stock is "Buy." The 12-month stock price target is $211.69, which is a decrease of -1.73% from the latest price.
News
Dell, HPE and NetApp Stocks Slump After Downgrades on Worries About AI Spending
Some of this year's hottest stocks are taking a hit Wednesday after downgrades from Barclays.
Wednesday's First Moves: META PT Changes, DELL & HPE Downgrades, MS Earnings
Morgan Stanley (MS) beat on the top and bottom line in earnings but showed weakness in its fixed income business. Barclays downgraded Dell Technologies (DELL), HPE (HPE), and NetApp (NTAP) after all e...
NetApp downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded NetApp (NTAP) to Equal Weight from Overweight with an unchanged price target of $219. The firm is taking a more cautious approach on IT hardware stocks “that are…
Arrow Electronics recognized as NetApp North America Distributor of the Year for 2026
CENTENNIAL, Colo.--(BUSINESS WIRE)--Global technology solutions provider Arrow Electronics has been named NetApp North America Distributor of the Year for NetApp's fiscal year 2026. The award recogniz...
The Big 3: CEG, NTAP, CIEN
Jason Brown of the @brownreport turns to a trio of stocks that that have seen numerous headlines over recent trading days. For Constellation Energy (CEG), Jason expects the company to pen more deal li...
Wednesday's First Moves: AAPL Smart Home Devices, NTAP Upgrade, STZ Earnings
Constellation Brands (STZ) moved to the upside but linger near decade-lows after earnings, as Diane King Hall explains how the big picture of consumer demand differs from headline numbers in the repor...
Options Corner: NTAP All-Time Highs Face Next Key Technical Test
NetApp (NTAP) has more than doubled over the last nine months, though as Tom White points out, the stock is becoming overbought. He highlights key support and resistance levels to watch as bullish mom...
NetApp upgraded to Outperform from In Line at Evercore ISI
As previously reported, Evercore ISI upgraded NetApp (NTAP) to Outperform from In Line with a price target of $300, up from $210. NetApp’s guidance for about 17% growth appears conservative…
NetApp upgraded to Outperform from In Line at Evercore ISI
Evercore ISI upgraded NetApp (NTAP) to Outperform from In Line with a $300 price target
NetApp price target raised to $240 from $210 at Goldman Sachs
Goldman Sachs raised the firm’s price target on NetApp (NTAP) to $240 from $210 and keeps a Buy rating on the shares after the company hosted its INSIGHT customer event…
NetApp price target raised to $250 from $200 at TD Cowen
TD Cowen raised the firm’s price target on NetApp (NTAP) to $250 from $200 and keeps a Buy rating on the shares ahead of earnings. The firm says wafter fab…
NetApp price target raised to $260 from $215 at Loop Capital
Loop Capital analyst Ananda Baruah raised the firm’s price target on NetApp (NTAP) to $260 from $215 and keeps a Buy rating on the shares. The firm is “incrementally positive”…
NetApp Recognizes Winners of 2026 North America Partner Awards
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced at NetApp INSIGHT 2026 the winners of its North America Partner Awards for Fisca...
NetApp price target raised to $220 from $200 at BofA
BofA analyst Wamsi Mohan raised the firm’s price target on NetApp (NTAP) to $220 from $200 and keeps a Neutral rating on the shares after having attended the 2026 INSIGHT…
Oracle Stock (ORCL) Pops on NetApp Tie-Up for New AI Cloud Storage Service
Oracle shares ($ORCL) rose 4% to around $138 on Tuesday afternoon. This came after the enterprise software giant said in a press statement that it has teamed up with data…
NetApp, Oracle to launch fully managed cloud storage service
NetApp (NTAP) and Oracle (ORCL) announced a new fully managed storage service that brings enterprise-grade NetApp storage natively to Oracle Cloud Infrastructure. The service will bring NetApp ONTAP d...
NetApp expands partnership with SAP to support SAP Cloud infrastructure
NetApp (NTAP) announced its intent to expand its long-standing partnership with SAP (SAP), with plans to explore deeper cloud-native integration of NetApp capabilities into SAP Cloud Infrastructure, S...
NetApp, Super Micro collaborate on validated AI infrastructure solutions
NetApp (NTAP) announced a strategic collaboration with Supermicro (SMCI) to deliver jointly validated AI infrastructure solutions spanning large-scale AI factories, enterprise deployments, neoclouds, ...
NetApp Honors the NFL with Customer Social Impact Award
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced it will present the NFL with its Customer Social Impact Award at INSIGHT 2026, r...
NetApp Honors the International Union for Conservation of Nature with the Social Impact Award for Intelligent Data for Good
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced that it awarded the International Union for Conservation of Nature (IUCN) the 20...
NetApp and Oracle to Launch Fully Managed Cloud Storage Service for Demanding AI and Enterprise Workloads
SAN JOSE, Calif. & AUSTIN, Texas--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, and Oracle today announced a new fully managed storage service that brings enter...
NetApp and Supermicro Collaborate to Power AI at Any Scale
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced a strategic collaboration with Supermicro to deliver jointly validated AI infras...
NetApp Empowers Enterprises to Build Anything, Anywhere
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced new hybrid multi-cloud capabilities with autonomous controls to maximize enterpr...
NetApp Enhances Data Sovereignty Controls to Keystone
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced NetApp Keystone Sovereign, which will enable qualified European customers to use...
NetApp Removes Storage Bottleneck for AI Factories
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced NetApp Novus™, the fastest storage on the planet designed for AI infrastructure ...