NetApp, Inc. (NTAP)
Market Cap | 16.81B |
Revenue (ttm) | 6.51B |
Net Income (ttm) | 1.14B |
Shares Out | 203.41M |
EPS (ttm) | 5.40 |
PE Ratio | 15.30 |
Forward PE | 11.02 |
Dividend | $2.08 (2.52%) |
Ex-Dividend Date | Apr 4, 2025 |
Volume | 2,495,615 |
Open | 81.78 |
Previous Close | 82.28 |
Day's Range | 80.69 - 83.65 |
52-Week Range | 71.84 - 135.45 |
Beta | 1.30 |
Analysts | Buy |
Price Target | 131.63 (+59.28%) |
Earnings Date | May 29, 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 17 analysts, the average rating for NTAP stock is "Buy." The 12-month stock price forecast is $131.63, which is an increase of 59.28% from the latest price.
News

NetApp Partners With Google Cloud to Simplify Scaling High-Performance Workloads in the Cloud
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, and Google Cloud today announced new capabilities for Google Cloud NetApp Volumes, a fully manag...

NetApp Wins 2025 Google Cloud Infrastructure Modernization Partner of the Year for Storage
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that it has received the 2025 Google Cloud Infrastructure Modernization Partner ...

NetApp Appoints Frank Pelzer to the Board of Directors
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that Frank Pelzer, Chief Operating Officer at Spotnana, has joined its Board of ...

NetApp: Tremendous Value To Be Unlocked
Shares of NetApp have dropped sharply this year, accentuated by the company's growth slowdown and recent guidance cut. Management notes, however, that deals have been delayed rather than lost, with a ...

NetApp Storage Now Validated for NVIDIA DGX SuperPOD, NVIDIA Cloud Partners, and NVIDIA-Certified Systems
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that NVIDIA has validated high-performance NetApp enterprise storage systems wit...

NetApp Fuels Future of Agentic AI Reasoning Solutions with NVIDIA AI Data Platform
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced it is advancing the state of the art in agentic AI with intelligent data infrast...

NetApp Prices $1.25 Billion of Senior Notes
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the pricing of $625 million in aggregate principal amount of its 5.50% Senior No...

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...

Flexera Completes Acquisition of NetApp's Spot FinOps Portfolio
ITASCA, Ill. and SAN JOSE, Calif.
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.

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.

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 ...

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.

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...

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.

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...

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...

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...

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...

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...

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...

Why NetApp's 46% Stock Jump Might Be Just The Beginning?
Note: NTAP FY'2024 ended in April

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...