NetApp, Inc. (NTAP)
| Market Cap | 36.78B +66.1% |
| Revenue (ttm) | 6.93B +5.4% |
| Net Income | 1.28B +7.6% |
| EPS | 6.35 +12.0% |
| Shares Out | 196.23M |
| PE Ratio | 29.52 |
| Forward PE | 20.78 |
| Dividend | $2.08 (1.11%) |
| Ex-Dividend Date | Jul 10, 2026 |
| Volume | 1,738,717 |
| Open | 185.90 |
| Previous Close | 186.86 |
| Day's Range | 185.27 - 191.48 |
| 52-Week Range | 93.69 - 209.06 |
| Beta | 1.43 |
| Analysts | Buy |
| Price Target | 187.56 (+0.07%) |
| Earnings Date | Sep 2, 2026 |
About NTAP
NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their 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, includi... [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 $187.56, which is an increase of 0.07% from the latest price.
News
NetApp price target raised to $210 from $170 at Evercore ISI
Evercore ISI raised the firm’s price target on NetApp (NTAP) to $210 from $170 and keeps an In Line rating on the shares.
NetApp price target raised to $209 from $150 at Citi
Citi analyst Asiya Merchant raised the firm’s price target on NetApp (NTAP) to $209 from $150 and keeps a Neutral rating on the shares ahead of the earnings report on…
Goldman Sachs Names Its “Top 3 Hardware Stocks” as AI Spending Surges
Goldman Sachs ($GS) named Dell Technologies ($DELL), Hewlett Packard Enterprise ($HPE), and NetApp ($NTAP) its “top three U.S. hardware picks.” The three stocks have gained 168%, 122%, and 86%, respec...
NetApp Hosts First Quarter of Fiscal Year 2027 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on September 2, 2026, NetApp (NASDAQ: NTAP) will announce financial results for the first quarter of fiscal year 2027, which ended July 31, 2026. ...
NetApp upgraded to Equal Weight at Morgan Stanley on server and storage spending
As previously reported, Morgan Stanley upgraded NetApp (NTAP) to Equal Weight from Underweight with a price target of $173, up from $137, while also upgrading the firm’s U.S. IT Hardware…
NetApp upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley upgraded NetApp (NTAP) to Equal Weight from Underweight with a price target of $173, up from $137.
NetApp (NTAP) Price Forecast: Breakout Points Toward $250
NetApp's long-term breakout has gained further confirmation, with bullish patterns pointing toward a potentially significant advance and an important target zone near $250.
NetApp announces it has acquired JetStream Software
NetApp (NTAP) announced it has acquired JetStream Software. “Data has become the foundation for business growth, AI innovation, and operational continuity,” said George Kurian, Chief Executive Officer...
NetApp Acquires JetStream Software to Advance Cyber Resilience and Data Protection for the AI Era
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced it has acquired JetStream Software, a leader in VMware disaster recovery and mig...
NetApp Proxy statement: Proxy filing
NetApp filed a proxy statement on July 28, 2026, providing details for shareholder voting and corporate governance matters.
NetApp Proxy statement: Proxy filing
NetApp filed a proxy statement on July 28, 2026, providing details for shareholder voting and corporate governance matters.
StructureCraft is now using NetApp to modernize AI-ready infrastructure
NetApp (NTAP) announced that StructureCraft is now using NetApp to modernize and create an AI-ready data infrastructure. The new infrastructure enables the company’s employees to collaborate globally,...
StructureCraft Scales Data-Driven Design on NetApp
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced that StructureCraft, an award-winning global structural engineering and construc...
NetApp Acquires DataPelago, Making Data AI-Ready at the Infrastructure Layer
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced it has acquired DataPelago, a California-based AI data infrastructure company re...
NetApp Proxy statement: Proxy filing
NetApp filed a proxy statement on July 16, 2026, providing details for shareholder voting and corporate governance matters.
NetApp participates in a conference call with Northland
Analyst Nehal Chokshi holds a conference call with management on July 1 7 at 1 pm hosted by Northland. Webcast Link
NetApp Named Presenting Partner of 2026 NFL Madrid Game
MADRID--(BUSINESS WIRE)--The NFL today announced that the league's Global Partner, NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, will return as Presenting Partner of the 2026 NFL...
NetApp Enhances Support for AI Workloads at Massive Scale
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced the release of StorageGRID 12.1, designed to help customers scale AI and other m...
CGI, NetApp deepen alliance
CGI (GIB) and NetApp (NTAP) announced that NetApp Keystone will power CGI’s block storage solutions within its shared services platform. Together, CGI and NetApp will help organizations modernize IT i...
CGI and NetApp deepen global alliance to drive innovation, accelerate growth and strengthen client outcomes
Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom Partnership delivers a combination of intelligent data infrastructure with deep cloud and AI expertise to modernize operations and improve ...
NetApp participates in a conference call with Northland
Analyst Nehal Chokshi holds a conference call with management on June 25 at 11:30 am hosted by Northland.Webcast Link
NetApp price target raised to $180 from $150 at BofA
BofA raised the firm’s price target on NetApp (NTAP) to $180 from $150 and keeps a Neutral rating on the shares. AI infrastructure demand remains broader, deeper, and more durable,…
NetApp Transcript: 2026 Evercore Global TMT Conference
Revenue and demand are rising, driven by enterprise IT and AI trends, with FY 2027 guidance reflecting high single-digit growth and strong cash flow. Strategic partnerships, product innovation, and flexible service models are supporting profitability amid commodity price pressures.
NetApp, Cisco expand collaboration for enterprise cyber resilience
NetApp (NTAP) and Cisco (CSCO) announced an expansion of their collaboration to help customers strengthen defense-in-depth strategies for customers. Combining Intelligent Data Infrastructure with adva...
NetApp, Cisco collaborate for new validated AI solutions
NetApp (NTAP) and Cisco (CSCO) announced that they have collaborated to offer new validated solutions for secure, scalable, and simplified AI. Expanding the proven success of FlexPod, the new solution...