NetApp, Inc.

NetApp, Inc.

NTAPยทNASDAQ

$181.08

+3.1%
TechnologyComputer Hardware

NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense, and NetApp Cloud Volumes Edge Cache; and cloud operations services, such as NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco, and Spot CloudCheckr. In addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

At a Glance

Live Snapshot
Market Cap$35.86B
EPS6.4100
P/E Ratio28.25
Earnings Date06/04/2026
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NetApp, Inc. Street Expectations Map

NTAP ยท NASDAQ

Wall Street analysts project that NTAP stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 167.00, with estimates ranging from a low of 89.00 to a high of 200.00.

Lowest Target
89.00
-50.85%
Consensus Target
167.00
-7.78%
Highest Target
200.00
10.45%

The consensus 1-year price target stands at 167.00, with estimates ranging from a low of 89.00 to a high of 200.00.

Analyst Consensus Analysis

Upside Potential

-7.8%

Downside risk. Current price above analyst targets indicates potential overvaluation. Exercise caution and review catalysts.

Analyst Agreement

66.5% spread

High uncertainty. Very wide target spread indicates significant disagreement among analystsโ€”major valuation uncertainty or transformation underway.

Risk-Reward Profile

0.21x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuationโ€”proceed with caution and independent analysis.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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NetApp, Inc. Forward Estimates of Revenue

NTAP ยท NASDAQ
Latest Revenue
6.92B
FY 2026
Avg Estimate
7.46B
FY 2027
Estimate Range
7.44B - 7.47B
Analyst Spread

Forward Growth Analysis

Projected Growth+7.7%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage13 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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NetApp, Inc. Forward Estimates of Net Income

NTAP ยท NASDAQ
Latest Net Income
1.28B
FY 2026
Avg Estimate
1.74B
FY 2027
Estimate Range
1.64B - 1.85B
Analyst Spread

Forward Growth Analysis

Projected Growth+36.7%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage13 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread12%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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NetApp, Inc. Forward Estimates of EPS

NTAP ยท NASDAQ
Latest EPS
6.41
FY 2026
Avg Estimate
$8.88
FY 2027
Estimate Range
$8.25 - $9.28
Analyst Spread

Forward Growth Analysis

Projected Growth+38.5%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread12%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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NetApp, Inc. Forward Estimates of EBIT

NTAP ยท NASDAQ
Latest EBIT
0.00
FY 2026
Avg Estimate
1.55B
FY 2027
Estimate Range
1.55B - 1.55B
Analyst Spread

Forward Growth Analysis

Analyst Coverage13 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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NetApp, Inc. Forward Estimates of EBITDA

NTAP ยท NASDAQ
Latest EBITDA
1.67B
FY 2026
Avg Estimate
1.83B
FY 2027
Estimate Range
1.82B - 1.83B
Analyst Spread

Forward Growth Analysis

Projected Growth+9.1%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage13 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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NetApp, Inc. Forward Estimates of SG&A Expense

NTAP ยท NASDAQ
Latest SG&A Expense
2.21B
FY 2026
Avg Estimate
2.48B
FY 2027
Estimate Range
2.47B - 2.48B
Analyst Spread

Forward Growth Analysis

Projected Growth+11.8%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage13 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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NetApp, Inc. Insider Positioning

NTAP ยท NASDAQ

During the last 12 months, insiders have sold $5.24M worth of NTAP shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

3.3K

347.65K

Net Activity

-348K

-$348K

3-6 Months

Bought

0

0.00

Sold

3.3K

351.97K

Net Activity

-352K

-$352K

6-9 Months

Bought

0

0.00

Sold

12.9K

1.57M

Net Activity

-1.6M

-$1.57M

9-12 Months

Bought

0

0.00

Sold

28.0K

2.98M

Net Activity

-3.0M

-$2.98M

Top Buyers

No buying activity

Top Sellers

1
KG

Kurian George

Director, Officer: Ceo

34.3K sharesโ€ข4 transactions

$3.78M

2
OEM

O'Callahan Elizabeth M

Officer: Evp, Chief Admin. Officer

11.5K sharesโ€ข12 transactions

$1.27M

3
DLD

De Lorenzo Daniel

Officer: Vp, Controller & Cao

1.7K sharesโ€ข5 transactions

$192K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $5.24M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$348K

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

3 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.