NetApp, Inc. (NTAP)

NASDAQ: NTAP · Real-Time Price · USD
92.05
-1.72 (-1.83%)
At close: Mar 10, 2025, 4:00 PM
91.67
-0.38 (-0.41%)
Pre-market: Mar 11, 2025, 7:18 AM EST
-1.83%
Market Cap 18.72B
Revenue (ttm) 6.51B
Net Income (ttm) 1.14B
Shares Out 203.41M
EPS (ttm) 5.40
PE Ratio 17.05
Forward PE 12.24
Dividend $2.08 (2.26%)
Ex-Dividend Date Apr 4, 2025
Volume 2,135,861
Open 92.00
Previous Close 93.77
Day's Range 90.13 - 93.03
52-Week Range 90.14 - 135.45
Beta 1.23
Analysts Buy
Price Target 131.63 (+43.0%)
Earnings Date Feb 27, 2025

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 in two segments, Hybrid Cloud and Public Could. The company offers data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Astra; and storage infrastructure solutions, including... [Read more]

Sector Technology
IPO Date Nov 21, 1995
Employees 11,800
Stock Exchange NASDAQ
Ticker Symbol NTAP
Full Company Profile

Financial Performance

In 2024, NetApp's revenue was $6.27 billion, a decrease of -1.48% compared to the previous year's $6.36 billion. Earnings were $986.00 million, a decrease of -22.61%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for NTAP stock is "Buy." The 12-month stock price forecast is $131.63, which is an increase of 43.00% from the latest price.

Price Target
$131.63
(43.00% upside)
Analyst Consensus: Buy
Stock Forecasts

News

NetApp Is Recognized as a 2025 Gartner® Peer Insights™ Customers' Choice for Primary Storage Platforms

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced it was named a Customers' Choice in the 2025 Gartner Peer Insights ‘Voice of the...

6 days ago - Business Wire

Flexera Completes Acquisition of NetApp's Spot FinOps Portfolio

ITASCA, Ill. and SAN JOSE, Calif.

7 days ago - GlobeNewsWire

NTAP Shaky Earnings, ADSK Activist Pressure & SOUN Beat

Tech companies remain top of mind this morning. NetApp (NTAP) slid more than 10% down after reporting weaker-than-expected earnings and guidance.

Other symbols: ADSKSOUN
10 days ago - Schwab Network

NetApp Stock Tumbles on Revenue Miss and Weak Guidance. Analysts Aren't Panicking.

NetApp's top-line miss isn't indicative of softness in IT spending, analysts say.

10 days ago - Barrons

NetApp, Inc. (NTAP) Q3 2025 Earnings Call Transcript

NetApp, Inc. (NASDAQ:NTAP) Q3 2025 Earnings Conference Call February 27, 2025 5:30 PM ET Company Participants Kris Newton - Vice President, Investor Relations George Kurian - Chief Executive Officer ...

11 days ago - Seeking Alpha

NetApp lowers annual revenue, profit forecast

NetApp lowered its revenue and profit forecast for fiscal year 2025 on Wednesday, hurt by diminishing demand for its data storage services.

11 days ago - Reuters

NetApp Reports Third Quarter of Fiscal Year 2025 Results

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today reported financial results for the third quarter of fiscal year 2025, which ended on Januar...

11 days ago - Business Wire

How To Earn $500 A Month From NetApp Stock Ahead Of Q3 Earnings

NetApp, Inc. NTAP will release its third-quarter financial results after the closing bell on Thursday, Feb. 27.

11 days ago - Benzinga

NetApp Appoints Beth O'Callahan to Newly Defined Chief Administrative Officer Role

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced a strategic evolution in its leadership structure designed to enhance focus, str...

12 days ago - Business Wire

NetApp to Participate in Upcoming Technology Conferences

SAN JOSE, Calif.--(BUSINESS WIRE)--NetAppTM (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the Company will participate in firesides chat at the following conferences: Ra...

12 days ago - Business Wire

NetApp Revolutionizes Block Storage to Meet Demands of Modern Workloads

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced updates to its enterprise storage portfolio, expanding the NetApp ASA A-Series w...

27 days ago - Business Wire

NetApp Hosts Third Quarter of Fiscal Year 2025 Financial Results Webcast

SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Thursday, February 27, 2025, NetApp (NASDAQ: NTAP) will announce financial results for the third quarter of fiscal year 2025, which ended Janua...

4 weeks ago - Business Wire

NetApp Science-Based Sustainability Goals Validated by SBTi

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that it has approved new near-term science-based emissions reduction targets ver...

5 weeks ago - Business Wire

Wissam Jabre Joins NetApp as Executive Vice President and Chief Financial Officer

SAN JOSE, Calif.--(BUSINESS WIRE)--Today, NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, announced the appointment of Wissam Jabre as Executive Vice President and Chief Financial...

5 weeks ago - Business Wire

Why NetApp's 46% Stock Jump Might Be Just The Beginning?

Note: NTAP FY'2024 ended in April

6 weeks ago - Forbes

Flexera to Acquire FinOps Business from NetApp, Inc. to Strengthen FinOps Portfolio

Flexera, the leader in technology spend and risk management, enters into a definitive agreement to acquire the Spot by NetApp FinOps business from NetApp.

7 weeks ago - GlobeNewsWire

NetApp Is Poised For Revenue Growth Acceleration With AI Spending: Analyst

JPMorgan analyst Samik Chatterjee upgraded the rating for NetApp Inc NTAP from Neutral to Overweight, while raising the price target from $150 to $160.

3 months ago - Benzinga

NetApp's 2024 Data Complexity Report Reveals AI's Make or Break Year Ahead

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today released its second annual Data Complexity Report, which examines how global organizations...

3 months ago - Business Wire

New Research from NetApp Finds One in Five Companies Unable to Recover Data After Cyberattack

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the release of its latest report analyzing the state of cybersecurity and offeri...

3 months ago - Business Wire

Tessell to Showcase RDS+++ Solution, Enhanced with New AWS FSx for NetApp ONTAP Integration, at re:Invent 2024

re:Invent attendees can experience live demos of the enhanced solution, exclusive offers and prizes, and connect with Tessell's experts at Booth #1953 re:Invent attendees can experience live demos of ...

3 months ago - GlobeNewsWire

NetApp Announces Integrated Solution with AWS Outposts for Hybrid Cloud Deployments

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced NetApp on-premises enterprise storage arrays for AWS Outposts, a new integrated ...

3 months ago - Business Wire

NetApp: Underappreciated Long-Term AI Beneficiary

NetApp, Inc. beats earnings estimates, with FYQ2 2025 EPS and revenue surpassing expectations, driven by strong growth in its Hybrid and Public Cloud segments. NetApp's focus on AI and cloud infrastru...

3 months ago - Seeking Alpha

NetApp: ARR Growth And Margin Expansion Should Drive Further Upside

NetApp is a strong tech stock with solid earnings and a reasonable ~17x P/E, despite a challenging macro climate and a high S&P 500. The company delivered a beat-and-raise in Q2, lifting its full-year...

3 months ago - Seeking Alpha

NetApp Analysts Raise Their Forecasts After Strong Earnings

NetApp, Inc. NTAP reported better-than-expected second-quarter results on Thursday.

3 months ago - Benzinga

INTU Weak Guidance, NTAP "Outgrowing" Market, Tencent Sheds RDDT Stake

Intuit (INTU) slid to the downside after posting weak guidance. The company's CEO shrugged off the idea that the Trump administration could create a free tax-filing app.

Other symbols: RDDTINTU
3 months ago - Schwab Network