NetApp (NTAP) Stock Price, News & Analysis

Company Overview

NetApp, Inc. (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it. NetApp sells all-flash and hybrid flash arrays, data protection and replication technologies (including SnapMirror and SnapCenter), and software for storage virtualization and efficiency. In the cloud space, NetApp provides managed services such as Cloud Volumes ONTAP and Cloud Manager, supports integration with AWS, Microsoft Azure and Google Cloud, and offers consumption-based solutions like NetApp Keystone to help customers deploy operating models that combine on-premises infrastructure with cloud services.

NetApp serves a global customer base across industries that require enterprise-grade storage, data protection and hybrid cloud architectures. The company’s technologies are used by enterprises, service providers and government organizations to address use cases such as databases, virtualization, containerized applications and analytics. Leadership has included founders David Hitz, James Lau and Michael Malcolm at the company’s inception; as of the most recently available information, George Kurian serves as president and chief executive officer. NetApp positions itself as a provider of tools and services to simplify data management across complex, multi‑cloud IT environments.

Key Stats

• Today's Range: $172.09 to $192.83
• 50-Day Range: $95.67 to $174.29
• 52-Week Range: $93.69 to $192.83
• Volume: 15.91 million shs
• Average Volume: 2.93 million shs
• Market Capitalization: $34.39 billion
• P/E Ratio: 27.40
• Dividend Yield: 1.19%
• Price Target: $157.50
• Consensus Rating: Hold

NetApp Stock Analysis - MarketRank™

NetApp scored higher than 61% of companies evaluated by MarketBeat, and ranked 342nd out of 630 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: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

NetApp has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on no strong buy ratings, 4 buy ratings, 10 hold ratings, and 1 sell rating.

Downside Risk

NetApp has a consensus price target of $157.50, representing about 9.6% downside from its current price of $174.29.

Amount of Analyst Coverage

NetApp has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.66%

Earnings Growth

Earnings for NetApp are expected to grow by 9.66% in the coming year, from $7.14 to $7.83 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NetApp is 27.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.98.

Price to Earnings Ratio vs. Sector

The P/E ratio of NetApp is 27.40, 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 172.23.

Price to Earnings Growth Ratio

NetApp has a PEG Ratio of 3.18. 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 33.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

12.17% 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 10.61, which indicates bearish sentiment.

Change versus previous month

Short interest in NetApp has recently increased by 11.12%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

NetApp pays a meaningful dividend of 1.19%, 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 32.70%. 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 26.56% next year. This indicates that NetApp will be able to sustain or increase its dividend.

News and Social Media

• Score: 4.3 / 5
• News Sentiment: 0.88

News Sentiment

NetApp has a news sentiment score of 0.88. 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 higher news sentiment than the 0.74 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 74 news articles for NetApp this week, compared to 9 articles on an average week.

Search Interest

22 people have searched for NTAP on MarketBeat in the last 30 days. This is an increase of 144% compared to the previous 30 days.

MarketBeat Follows

10 people have added NetApp to their MarketBeat watchlist in the last 30 days. This is an increase of 233% compared to the previous 30 days.

Company Ownership

• Score: 1.4 / 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 $347,650.00 in company stock.

Percentage Held by Insiders

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.

Company Calendar

• Ex-Dividend for 4/22 Dividend: 4/02/2026
• Record date for 4/22 Dividend: 4/03/2026
• Dividend Payable: 4/22/2026
• Last Earnings: 5/28/2026
• Today: 5/31/2026
• Bank of America 2026 Global Technology Conference: 6/02/2026
• 2026 Evercore Global TMT Conference: 6/03/2026
• Record date for 7/29 Dividend: 7/10/2026
• Ex-Dividend for 7/29 Dividend: 7/10/2026
• Dividend Payable: 7/29/2026
• Fiscal Year End: 4/30/2027

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: $157.50
• High Price Target: $199.00
• Low Price Target: $128.00
• Potential Upside/Downside: -9.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 15 Analysts

Profitability

• EPS (Trailing Twelve Months): $6.36
• Trailing P/E Ratio: 27.40
• Forward P/E Ratio: 24.41
• P/E Growth: 3.18
• Net Income: $1.19 billion
• Net Margins: 18.43%
• Pretax Margin: 22.12%
• Return on Equity: 126.01%
• Return on Assets: 13.42%

Debt

• Debt-to-Equity Ratio: 2.15
• Current Ratio: 1.39
• Quick Ratio: 1.36

Sales & Book Value

• Annual Sales: $6.93 billion
• Price / Sales: 4.97
• Cash Flow: $7.26 per share
• Price / Cash Flow: 24.02
• Book Value: $5.19 per share
• Price / Book: 33.58

Miscellaneous

• Outstanding Shares: 197,330,000
• Free Float: 196,777,000
• Market Cap: $34.39 billion
• Optionable: Optionable
• Beta: 1.28