NetApp (NTAP) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $104.57 to $105.97
• 50-Day Range: $92.26 to $107.61
• 52-Week Range: $71.84 to $135.45
• Volume: 1.54 million shs
• Average Volume: 1.91 million shs
• Market Capitalization: $21.09 billion
• P/E Ratio: 18.53
• Dividend Yield: 1.98%
• Price Target: $117.79
• Consensus Rating: Hold

NetApp Stock Analysis - MarketRank™

NetApp scored higher than 95% of companies evaluated by MarketBeat, and ranked 58th out of 666 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: 3.2 / 5
• Analyst Rating: Hold

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.

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 18.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.92.

Price to Earnings Ratio vs. Sector

The P/E ratio of NetApp is 18.53, 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 36.80.

Price to Earnings Growth Ratio

NetApp has a PEG Ratio of 2.45. 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 20.28. 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

4.37% 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.

Change versus previous month

Short interest in NetApp has recently increased by 6.47%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

NetApp pays a meaningful dividend of 1.95%, 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.

Sustainability and ESG

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

Percentage of Shares Shorted

4.37% 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.

Change versus previous month

Short interest in NetApp has recently increased by 6.47%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.26

News Sentiment

NetApp has a news sentiment score of 1.26. 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 0.86 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 23 news articles for NetApp this week, compared to 21 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 -50% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added NetApp to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $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.

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 shares have decreased by 9.3% and is now trading at $105.27.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) released its quarterly 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 company's revenue for the quarter was up 3.8% compared to the same quarter last year.
Read the conference call transcript.

Is NetApp buying back stock?

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

Does NetApp have any subsidiaries?

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

Who are NetApp's major shareholders?

NetApp's top institutional shareholders include Livforsakringsbolaget Skandia Omsesidigt (0.50%), Wedge Capital Management L L P NC (0.30%), Livforsakringsbolaget Skandia Omsesidigt (0.05%) and Swedbank AB (0.04%). Insiders that own company stock include George Kurian, Gerald Held, Elizabeth M O'callahan, 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

• 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
• Record date for 7/23 Dividend: 7/03/2025
• Ex-Dividend for 7/23 Dividend: 7/03/2025
• Today: 7/12/2025
• Dividend Payable: 7/23/2025
• Next Earnings (Estimated): 8/27/2025
• Fiscal Year End: 4/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• 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: $117.79
• High Price Target: $145.00
• Low Price Target: $100.00
• Potential Upside/Downside: +11.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.31
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.68
• Trailing P/E Ratio: 18.53
• Forward P/E Ratio: 17.87
• P/E Growth: 2.45
• Net Income: $1.19 billion
• Net Margins: 18.05%
• Pretax Margin: 21.04%
• Return on Equity: 126.96%
• Return on Assets: 12.84%

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: 3.21
• Cash Flow: $7.18 per share
• Price / Cash Flow: 14.66
• Book Value: $5.19 per share
• Price / Book: 20.28

Miscellaneous

• Outstanding Shares: 200,370,000
• Free Float: 199,424,000
• Market Cap: $21.09 billion
• Optionable: Optionable
• Beta: 1.42