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NetApp, Inc. (NTAP)

199.18 -19.24 (-8.81%)
At close: October 30 at 4:00:00 PM EDT
198.40 -0.78 (-0.39%)
After hours: October 30 at 5:53:17 PM EDT
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What's happening with NTAP?

33m ago
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NetApp’s latest developments center on expanding Keystone managed storage through distribution partners, alongside strong recent quarterly execution and continued AI infrastructure demand. The main investor tension is growth versus profitability: pricing and subscriptions support revenue, while component costs and product mix pressure gross margins. NetApp’s current regular-session change is -8.81%, with the supplied articles not identifying a specific cause.

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  • Previous Close 218.42
  • Open 204.51
  • Bid 189.07 x 200
  • Ask 210.11 x 100
  • Day's Range 195.57 - 209.58
  • 52 Week Range 93.69 - 240.87
  • Volume 2,562,992
  • Avg. Volume 2,469,664
  • Market Cap (intraday) 39.123B
  • Beta (5Y Monthly) 1.45
  • PE Ratio (TTM) 28.09
  • EPS (TTM) 7.09
  • Earnings Date Dec 1, 2026
  • Forward Dividend & Yield 2.08 (1.04%)
  • 1y Target Est 211.69
  • Zacks Rating Bullish

NetApp, Inc. develops enterprise software, systems, and services to transform data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, including NetApp AFF and ASA A-Series and C-Series, NetApp AFX, NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage services comprising Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp Cloud Volumes ONTAP. In addition, the company offers operational services, such as NetApp Data Infrastructure Insights and Instaclustr; and professional and support services include storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, migration, and proactive support services to optimize the performance and efficiency of their on-premises and hybrid multicloud storage environments. Further, it offers ransomware protection, data backup and recovery, and disaster recovery. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners, including the cloud providers. The company has a strategic alliance with Commvault Systems, Inc. to develop an integrated solution for enterprise data protection and cyber resilience; and Super Micro Computer, Inc. to build integrated AI infrastructure solutions. NetApp, Inc. was incorporated in 1992 and is based in San Jose, California.

www.netapp.com

11,700

Full Time Employees

April 24

Fiscal Year Ends

Technology

Sector

Recent News

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Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

NTAP
88.85%
S&P 500 (^GSPC)
10.73%

1-Year Return

NTAP
75.00%
S&P 500 (^GSPC)
11.11%

3-Year Return

NTAP
195.38%
S&P 500 (^GSPC)
81.91%

5-Year Return

NTAP
149.10%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY27
Revenue 2.02B
Earnings 375M
Profit Margin 18.52%

Q2

FY26

Q3

FY26

Q4

FY26

Q1

FY27

0
500M
1B
2B
2B
18.0%
19.0%
20.0%

Analyst Insights

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Analyst Price Targets

170.00 Low
211.69 Average
199.18 Current
300.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/26/2026
Analyst Guggenheim
Rating Action Initiated
Rating Neutral
Price Action --
Price Target --

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    19.18%

  • Return on Assets (ttm)

    11.66%

  • Return on Equity (ttm)

    114.82%

  • Revenue (ttm)

    7.39B

  • Net Income Avi to Common (ttm)

    1.42B

  • Diluted EPS (ttm)

    7.09

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.58B

  • Total Debt/Equity (mrq)

    169.50%

  • Levered Free Cash Flow (ttm)

    1.17B

Company Insights

Research Reports

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