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NASDAQ:NTAP

NetApp (NTAP) Stock Price, News & Analysis

NetApp logo
$106.55 +0.83 (+0.79%)
As of 04:00 PM Eastern

About NetApp Stock (NASDAQ:NTAP)

Key Stats

Today's Range
$105.44
$106.97
50-Day Range
$81.68
$106.25
52-Week Range
$71.84
$135.45
Volume
2.00 million shs
Average Volume
1.93 million shs
Market Capitalization
$21.35 billion
P/E Ratio
18.76
Dividend Yield
1.95%
Price Target
$117.79
Consensus Rating
Hold

Company Overview

NetApp, Inc. (NASDAQ: NTAP) is a leading provider of hybrid cloud data services and data management solutions that enable organizations to harness the full potential of their data across on-premises and cloud environments. The company’s portfolio centers on the ONTAP data management software platform, which powers its AFF (All Flash FAS) and FAS storage systems. These integrated hardware and software offerings deliver high-performance file, block and object storage, along with data protection, security and advanced analytics capabilities.

Complementing its core storage arrays, NetApp offers a suite of cloud-integrated services designed to streamline data mobility and simplify multi-cloud operations. Through partnerships with major public cloud providers such as Amazon Web Services, Microsoft Azure and Google Cloud Platform, NetApp’s Keystone subscription model and Cloud Volumes services provide customers with flexible consumption options and unified management across distributed environments. The company also delivers StorageGRID for large-scale object storage, NetApp Cloud Insights for infrastructure monitoring, and Autofocus for proactive support analytics.

Founded in 1992 by David Hitz, James Lau and Michael Malcolm, NetApp established itself with the pioneering WAFL (Write Anywhere File Layout) file system and the original Network Appliance filer architecture, leading to its initial public offering in 1995. Headquartered in Sunnyvale, California, the company has expanded its reach to serve enterprises, government agencies and service providers around the globe, with regional operations spanning North America, Europe, Asia Pacific and Latin America. Over its history, NetApp has grown both organically and through strategic acquisitions to enhance its technology stack and bolster its presence in emerging markets.

Under the leadership of Chief Executive Officer George Kurian, who assumed the role in 2015, NetApp has pursued a cloud-first strategy emphasizing software-defined storage and data services. The company’s management team and board of directors bring extensive experience in enterprise technology, cloud infrastructure and corporate governance. With a commitment to innovation, NetApp continues to invest in research and development to address the evolving needs of data-centric organizations, positioning itself as a trusted partner in the digital transformation journeys of its global customer base.

AI Generated. May Contain Errors.

NetApp Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
97th Percentile Overall Score

NTAP MarketRank™: 

NetApp scored higher than 97% of companies evaluated by MarketBeat, and ranked 28th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    NetApp has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 6 buy ratings, 9 hold ratings, and 1 sell rating.

  • 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.

  • Read more about NetApp's stock forecast and price target.
  • 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 18.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.89.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of NetApp is 18.69, 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 35.85.

  • Price to Earnings Growth Ratio

    NetApp has a PEG Ratio of 2.44. 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 20.45. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about NetApp's valuation and earnings.
  • Percentage of Shares Shorted

    4.11% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in NetApp has recently increased by 3.02%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    NetApp pays a meaningful dividend of 1.97%, 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 36.62%. 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.

  • Read more about NetApp's dividend.
  • Percentage of Shares Shorted

    4.11% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in NetApp has recently increased by 3.02%, indicating that investor sentiment is decreasing.
  • News Sentiment

    NetApp has a news sentiment score of 1.06. 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 0.82 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 30 news articles for NetApp this week, compared to 20 articles on an average week.
  • Search Interest

    Only 5 people have searched for NTAP on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added NetApp to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.
  • 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 $1,590,514.00 in company stock.

  • Percentage Held by Insiders

    Only 0.47% 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.

  • Read more about NetApp's insider trading history.
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NTAP Stock News Headlines

Elon’s BIGGEST warning yet?
Tesla's About to Prove Everyone Wrong... Again Back in 2018, when Jeff Brown told everyone to buy Tesla… The "experts" said Elon was finished and Tesla was headed for bankruptcy. Now they're saying the same thing, but Jeff has uncovered Tesla's next breakthrough.
NetApp (NASDAQ:NTAP) Has Affirmed Its Dividend Of $0.52
See More Headlines

NTAP Stock Analysis - Frequently Asked Questions

NetApp's stock was trading at $116.08 at the beginning of the year. Since then, NTAP shares have decreased by 8.6% and is now trading at $106.14.
View the best growth stocks for 2025 here
.

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, topping the consensus estimate of $1.90 by $0.03. The business's quarterly revenue was up 3.8% compared to the same quarter last year.
Read the conference call transcript
.

NetApp's Board of Directors initiated a share repurchase program on Thursday, May 30th 2024, which permits the company to buy back $1,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its shares are undervalued.

NetApp subsidiaries include these companies: Fylamynt, CloudCheckr, Data Mechanics Inc., Spot, CloudJumper, Talon Storage, Cognigo, and more.

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.

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

Record date for 4/23 Dividend
4/04/2025
Ex-Dividend for 4/23 Dividend
4/04/2025
Dividend Payable
4/23/2025
Last Earnings
5/29/2025
Today
6/30/2025
Record date for 7/23 Dividend
7/03/2025
Ex-Dividend for 7/23 Dividend
7/03/2025
Dividend Payable
7/23/2025
Next Earnings (Estimated)
8/27/2025
Fiscal Year End
4/30/2026

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
COMP - STORAGE DE
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:NTAP
Employees
11,700
Year Founded
1992

Price Target and Rating

Average Stock Price Target
$117.79
High Stock Price Target
$145.00
Low Stock Price Target
$100.00
Potential Upside/Downside
+11.2%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
16 Analysts

Profitability

Trailing P/E Ratio
18.67
Forward P/E Ratio
17.99
P/E Growth
2.44
Net Income
$1.19 billion
Pretax Margin
21.04%

Debt

Sales & Book Value

Annual Sales
$6.57 billion
Cash Flow
$7.27 per share
Price / Cash Flow
14.57
Book Value
$5.19 per share
Price / Book
20.41

Miscellaneous

Free Float
199,424,000
Market Cap
$21.23 billion
Optionable
Optionable
Beta
1.42

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This page (NASDAQ:NTAP) was last updated on 6/30/2025 by MarketBeat.com Staff
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