NetApp, Inc. (NTAP)
| Market Cap | 18.32B |
| Revenue (ttm) | 6.51B |
| Net Income (ttm) | 1.14B |
| Shares Out | 203.41M |
| EPS (ttm) | 5.40 |
| PE Ratio | 16.68 |
| Forward PE | 11.99 |
| Dividend | $2.08 (2.31%) |
| Ex-Dividend Date | Apr 4, 2025 |
| Volume | 2,082,110 |
| Open | 91.13 |
| Previous Close | 91.49 |
| Day's Range | 89.88 - 91.92 |
| 52-Week Range | 89.88 - 135.45 |
| Beta | 1.23 |
| Analysts | Buy |
| Price Target | 131.63 (+46.16%) |
| 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 17 analysts, the average rating for NTAP stock is "Buy." The 12-month stock price forecast is $131.63, which is an increase of 46.16% from the latest price.
News
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...
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: 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.