NetApp, Inc. (NTAP)
| Market Cap | 24.82B |
| Revenue (ttm) | 6.47B |
| Net Income (ttm) | 1.15B |
| Shares Out | 203.31M |
| EPS (ttm) | 5.44 |
| PE Ratio | 22.46 |
| Forward PE | 16.13 |
| Dividend | $2.08 (1.70%) |
| Ex-Dividend Date | Jan 3, 2025 |
| Volume | 1,719,470 |
| Open | 121.32 |
| Previous Close | 119.98 |
| Day's Range | 120.25 - 122.75 |
| 52-Week Range | 83.80 - 135.45 |
| Beta | 1.22 |
| Analysts | Buy |
| Price Target | 137.53 (+12.65%) |
| 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]
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 StatementsAnalyst Forecast
According to 19 analysts, the average rating for NTAP stock is "Buy." The 12-month stock price forecast is $137.53, which is an increase of 12.65% from the latest price.
News
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.
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.
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...
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...
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 ...
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 ...
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...
NetApp to Participate in Upcoming Technology Conferences
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp™ (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the Company will participate in firesides chat at the following conferences: UBS...
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...
NetApp Analysts Raise Their Forecasts After Strong Earnings
NetApp, Inc. NTAP reported better-than-expected second-quarter results on Thursday.
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.
NetApp Stock Jumps After Earnings. It's ‘Firing On All Cylinders.
The data-storage company posts a strong quarter and raises financial guidance.
NetApp, Inc. (NTAP) Q2 2025 Earnings Call Transcript
NetApp, Inc. (NASDAQ:NTAP) Q2 2025 Earnings Conference Call November 21, 2024 5:30 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants As...
NetApp raises annual profit, revenue forecast on strong data storage demand
NetApp raised its profit and revenue forecast for fiscal 2025 on Thursday, banking on strong demand for data storage services as clients upgrade their cloud infrastructure, sending the company's share...
NetApp Joins the Vultr Cloud Alliance to Provide Scalable Data Management for Enterprise AI Workloads
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Vultr today announced that NetApp is the latest company to join the Vultr Cloud Alliance.
NetApp Reports Second 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 second quarter of fiscal year 2025, which ended on Octob...
NetApp's Q2 Earnings Preview: Profits, Partnerships, And The Path Forward
NetApp's Q1 2025 earnings were underwhelming, but the company is evolving from traditional storage to "intelligent data infrastructure," integrating with major cloud providers. The AFF A-series and AI...
New NetApp Storage Offerings Modernize Workloads for Businesses of All Sizes
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced updates to its portfolio of enterprise storage offerings including new NetApp AF...
NetApp Collaborates with Red Hat to Deliver Increased Flexibility for Virtualized Environments
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced an expanded collaboration with Red Hat, Inc., the world's leading provider of op...
NetApp Hosts Second Quarter of Fiscal Year 2025 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Thursday, November 21, 2024, NetApp (NASDAQ: NTAP) will announce financial results for the second quarter of fiscal year 2025 which ended Octob...
NetApp Elevates Pamela Hennard to Chief Diversity and Inclusion Officer, Accelerating its Vision for a More Inclusive Future
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the appointment of Pamela Hennard as the new Chief Diversity and Inclusion Offic...
NetApp: Why Investors Should Remain Bullish For Fiscal 2025
I believe NetApp's valuation at 17x forward non-GAAP EPS is attractive for a tech company with its growth potential. I'm impressed by the company's focus on AI workloads, cloud integration, and flash ...
2 Stocks Riding the Recovery in Cloud Computing Driven by AI
The artificial intelligence (AI) boom has been underway throughout 2024 despite many legacy technologies still undergoing normalization after a fantastic post-pandemic reopening surge in 2021. The acc...
Ex-Dividend Reminder: American Express, NetApp And Helios Technologies
On 10/4/24, American Express, NetApp, and Helios Technologies will all trade ex-dividend for their respective upcoming dividends. American Express will pay its quarterly dividend of $0.70 on 11/8/24, ...
NetApp Expands Collaboration with Google Cloud to Provide Data Storage for Distributed Cloud Infrastructure
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the expansion of its strategic partnership with Google Cloud with the integratio...