NetApp (NTAP) Stock Price, News & Analysis

Company Overview

NetApp, Inc. is a global data management and storage solutions provider that delivers hybrid cloud data services across on-premises environments and public cloud platforms. The company’s offerings center on its proprietary ONTAP operating system, which powers a family of all-flash and hybrid storage arrays designed for file and block workloads. In addition to hardware arrays, NetApp provides software-defined storage, data protection, archival solutions and cloud integration services, enabling customers to streamline data mobility, optimize performance and reduce total cost of ownership.

Founded in 1992 under the name Network Appliance and headquartered in Sunnyvale, California, NetApp has grown into a multinational enterprise with sales, support and development operations spanning North America, Europe, Asia Pacific and Latin America. The company went public in 1995 and has since established a reputation for innovation in scalable storage architectures, earning a broad customer base that includes large enterprises, government agencies and service providers across industries such as financial services, healthcare and manufacturing.

Key products and services include the AFF (All Flash FAS) and FAS (Fabric-Attached Storage) series, the E-Series for high-performance workloads, StorageGRID for object storage, and the SolidFire platform for scale-out multitenant environments. NetApp’s cloud data services—such as Cloud Volumes ONTAP, Azure NetApp Files and AWS NetApp ONTAP—allow businesses to deploy consistent data management capabilities across leading public clouds, facilitating disaster recovery, development/​test environments and hybrid application deployments.

Under the leadership of CEO George Kurian, who assumed the role in 2015, NetApp has pursued a strategy focused on cloud-connected storage innovation, expanding its partnerships with major cloud providers and strengthening its software subscription offerings. The company continues to invest in research and development to address emerging requirements around flash performance, data security and machine-learning-driven analytics, positioning itself as a trusted partner for enterprises navigating the complexities of the modern data landscape.

Key Stats

• Today's Range: $112.19 to $118.24
• 50-Day Range: $101.10 to $117.22
• 52-Week Range: $71.84 to $135.45
• Volume: 1.79 million shs
• Average Volume: 2.05 million shs
• Market Capitalization: $22.61 billion
• P/E Ratio: 19.93
• Dividend Yield: 1.84%
• Price Target: $124.07
• Consensus Rating: Hold

NetApp Stock Analysis - MarketRank™

NetApp scored higher than 88% of companies evaluated by MarketBeat, and ranked 120th out of 662 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

NetApp has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 6 buy ratings, 10 hold ratings, and no sell ratings.

Amount of Analyst Coverage

NetApp has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.17%

Earnings Growth

Earnings for NetApp are expected to grow by 9.17% in the coming year, from $5.89 to $6.43 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NetApp is 20.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 28.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of NetApp is 20.17, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 55.61.

Price to Earnings Growth Ratio

NetApp has a PEG Ratio of 2.75. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

NetApp has a P/B Ratio of 22.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.58% of the float of NetApp has been sold short.

Short Interest Ratio / Days to Cover

NetApp has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in NetApp has recently increased by 7.04%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

NetApp pays a meaningful dividend of 1.86%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

NetApp has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of NetApp is 36.75%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, NetApp will have a dividend payout ratio of 32.35% next year. This indicates that NetApp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.7 / 5
• Environmental Score: -0.63

Percentage of Shares Shorted

4.58% of the float of NetApp has been sold short.

Short Interest Ratio / Days to Cover

NetApp has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in NetApp has recently increased by 7.04%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.82

News Sentiment

NetApp has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.94 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 53 news articles for NetApp this week, compared to 28 articles on an average week.

Search Interest

8 people have searched for NTAP on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.

MarketBeat Follows

7 people have added NetApp to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, NetApp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,951,604.00 in company stock.

Percentage Held by Insiders

Only 0.28% of the stock of NetApp is held by insiders.

Percentage Held by Institutions

92.17% of the stock of NetApp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NTAP Stock Analysis - Frequently Asked Questions

How have NTAP shares performed this year?

NetApp's stock was trading at $116.08 on January 1st, 2025. Since then, NTAP stock has decreased by 1.6% and is now trading at $114.1720.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) announced its earnings results on Thursday, May, 29th. The data storage provider reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.03. The company's revenue was up 3.8% compared to the same quarter last year.
Read the conference call transcript.

Is NetApp buying back stock?

NetApp's board authorized a stock buyback program on Thursday, May 30th 2024, which allows the company to buy back $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Does NetApp have any subsidiaries?

The following companies are subsidiaries of NetApp: Fylamynt, CloudCheckr, Data Mechanics Inc., Spot, CloudJumper, Talon Storage, Cognigo, and others.

Who are NetApp's major shareholders?

NetApp's top institutional shareholders include Vanguard Group Inc. (13.84%), Primecap Management Co. CA (5.57%), State Street Corp (5.20%) and Geode Capital Management LLC (3.55%). Insiders that own company stock include George Kurian, Elizabeth M O'callahan, Gerald Held, Cesar Cernuda, Thomas Michael Nevens, Anders Gustafsson, Lorenzo Daniel De, Robert Parks and Carrie Palin.
View institutional ownership trends.

How do I buy shares of NetApp?

Shares of NTAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of NetApp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NetApp investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Verizon Communications (VZ).

Company Calendar

• Last Earnings: 5/29/2025
• Record date for 7/23 Dividend: 7/03/2025
• Ex-Dividend for 7/23 Dividend: 7/03/2025
• Dividend Payable: 7/23/2025
• Today: 8/29/2025
• Record date for 10/22 Dividend: 10/03/2025
• Ex-Dividend for 10/22 Dividend: 10/03/2025
• Dividend Payable: 10/22/2025
• Fiscal Year End: 4/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: COMP - STORAGE DE
• Sub-Industry: Computer Storage & Peripherals
• Current Symbol: NASDAQ:NTAP
• CIK: 1002047
• Web: www.netapp.com
• Phone: (408) 822-6000
• Fax: 408-822-4501
• Employees: 11,700
• Year Founded: 1992

Price Target and Rating

• Average Price Target for NetApp: $123.64
• High Price Target: $150.00
• Low Price Target: $100.00
• Potential Upside/Downside: +5.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.38
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.66
• Trailing P/E Ratio: 20.71
• Forward P/E Ratio: 19.90
• P/E Growth: 2.75
• Net Income: $1.19 billion
• Net Margins: 17.77%
• Pretax Margin: 21.04%
• Return on Equity: 123.22%
• Return on Assets: 12.52%

Debt

• Debt-to-Equity Ratio: 2.39
• Current Ratio: 1.25
• Quick Ratio: 1.22

Sales & Book Value

• Annual Sales: $6.57 billion
• Price / Sales: 3.57
• Cash Flow: $7.59 per share
• Price / Cash Flow: 15.45
• Book Value: $5.19 per share
• Price / Book: 22.59

Miscellaneous

• Outstanding Shares: 200,370,000
• Free Float: 199,805,000
• Market Cap: $23.49 billion
• Optionable: Optionable
• Beta: 1.44