NetApp, Inc. (NTAP)

NASDAQ: NTAP · Real-Time Price · USD
82.64
+0.36 (0.44%)
At close: Apr 11, 2025, 4:00 PM
83.10
+0.46 (0.56%)
After-hours: Apr 11, 2025, 7:55 PM EDT
0.44%
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]

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 59.28% from the latest price.

Price Target
$131.63
(59.28% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

4 days ago - Business Wire

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 ...

4 days ago - Business Wire

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 ...

17 days ago - Business Wire

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 ...

25 days ago - Seeking Alpha

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...

25 days ago - Business Wire

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...

25 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

Flexera Completes Acquisition of NetApp's Spot FinOps Portfolio

ITASCA, Ill. and SAN JOSE, Calif.

5 weeks 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
6 weeks 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.

6 weeks 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 ...

6 weeks 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.

6 weeks 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...

6 weeks 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.

6 weeks 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...

6 weeks 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...

6 weeks 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...

2 months 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...

2 months 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...

2 months 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...

2 months ago - Business Wire

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

Note: NTAP FY'2024 ended in April

2 months 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.

3 months 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.

4 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...

4 months ago - Business Wire