NetApp za tři měsíce vzrostl o 14,8 % díky růstu all-flash, obchodům s AI a silným výsledkům. Firma zároveň zvýšila výhled tržeb i zisku pro fiskální rok 2027.
Key Takeaways NetApp shares climbed 14.8% in three months as flash growth, AI deals and earnings momentum strengthened.NetApp added about 350 AI and data lake modernization deals as customers shifted into production workloads.NetApp raised fiscal 2027 revenue guidance to $7.975-$8.225 billion and earnings to $9.73-$10.03. NetApp, Inc. (NTAP - Free Report) shares have gained 14.8% over the past three months as all-flash growth, AI-related deal activity and earnings momentum strengthened. Management also raised its fiscal 2027 revenue and earnings outlook after a record first quarter.
The question now is whether those fundamentals can support the advance while investors weigh higher component costs, a richer product mix and purchase timing. The stock's near-term momentum indicators remain favorable, but the recent run raises the bar for execution.
NetApp's AI Storage Momentum Supports the RunAll-flash revenues rose 46.6% year over year to a record $1.31 billion in first-quarter fiscal 2027. All-flash and Public Cloud together represented 75% of quarterly net revenues, increasing the contribution from NetApp's strategic storage and cloud offerings.
NetApp added approximately 350 AI and data lake modernization deals during the quarter. Management said deal sizes increased as customers moved from proof-of-concept projects into production workloads. That shift shows AI activity extending beyond pilot deployments and into larger production environments.
NTAP's Q1 Beat Adds Fundamental SupportNet revenues increased 29.9% to $2.025 billion and beat the Zacks Consensus Estimate of $1.843 billion by 9.9%. Non-GAAP earnings climbed 66.5% to $2.58 per share, exceeding the $2.13 consensus mark by 21.1%.
The extra week contributed about $65 million to revenues, mainly through support and Public Cloud. Excluding that benefit, revenues still grew 26% year over year. Non-GAAP operating margin expanded to 31.9% from 25.7%, reflecting substantial operating leverage in the quarter.
Image Source: Zacks Investment Research
NetApp's Raised Outlook Extends the Growth CaseManagement raised fiscal 2027 revenue guidance to $7.975-$8.225 billion. The $8.10 billion midpoint implies 17% year-over-year growth and the revised outlook is $650 million above prior guidance, extending the stronger growth outlook beyond the first quarter.
Non-GAAP earnings guidance increased to $9.73-$10.03 per share. The $9.88 midpoint represents 22% growth from fiscal 2026. The current-fiscal-year earnings estimate has also moved 2.5% higher over the past four weeks, adding support to the earnings trend.
NTAP Faces Margin and Timing Risks After the GainProduct gross margin fell 150 basis points sequentially to 54.6% as component costs increased. NetApp expects second-quarter non-GAAP gross margin of 67-68% and fiscal 2027 gross margin of 68.1-69.1%, with a richer product mix expected to limit consolidated margins.
Demand timing is another risk. Management saw pockets of accelerated purchasing among larger customers, which can shift revenues between periods and make quarterly comparisons uneven. Competition also remains active as vendors invest in AI-ready storage.
Dell Technologies Inc. (DELL - Free Report) is expanding its AI Data Platform with file, object and parallel-file storage for enterprise AI workloads. Hewlett Packard Enterprise Company (HPE - Free Report) is advancing Alletra Storage MP X10000 with file and object capabilities for AI data pipelines. These investments keep product differentiation and pricing execution important for NetApp.
NetApp's Momentum Signal Stays StrongNTAP's 14.8% three-month gain is backed by faster flash growth, production-stage AI activity, an earnings beat and higher fiscal 2027 guidance, while margin pressure and purchase timing remain offsets. The stock currently carries a Zacks Rank #2 (Buy), reflecting favorable short-term earnings-estimate revision trends. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NetApp has a Momentum Score of A, pointing to favorable momentum characteristics. Its Growth Score of C, Value Score of D and VGM Score of C are less supportive.
NetApp, Inc. (NTAP) Q1 2027 Earnings Call September 2, 2026 5:30 PM EDT
Company Participants
Kris Newton - VP of Corporate Communications & Investor Relations
George Kurian - CEO & Director
Wissam Jabre - Executive VP & CFO
Conference Call Participants
Joseph Cardoso - JPMorgan Chase & Co, Research Division
Mehdi Hosseini - Susquehanna Financial Group, LLLP, Research Division
Amit Daryanani - Evercore ISI Institutional Equities, Research Division
Sreekrishnan Sankarnarayanan - TD Cowen, Research Division
Michael Cadiz - Citigroup Inc., Research Division
Erik Woodring - Morgan Stanley, Research Division
Paramveer Singh - Oppenheimer & Co. Inc., Research Division
Wamsi Mohan - BofA Securities, Research Division
Steven Fox - Fox Advisors LLC
Katherine Murphy - Goldman Sachs Group, Inc., Research Division
Timothy Long - Barclays Bank PLC, Research Division
W. Chiu - Raymond James & Associates, Inc., Research Division
David Vogt - UBS Investment Bank, Research Division
Presentation
Operator
Good day, and welcome to the NetApp First Quarter of Fiscal Year 2027 Earnings Call. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Kris Newton, Vice President, Investor Relations. Please go ahead.
Kris Newton
VP of Corporate Communications & Investor Relations
Hi, everyone. Thanks for joining our Q1 FY '27 earnings call. With me today are our CEO, George Kurian; and CFO, Wissam Jabre. This call is being webcast live and will be available for replay on our website at netapp.com.
During today's call, we will make forward-looking statements and projections with respect to our financial outlook and future prospects, including, without limitation, our guidance for the second quarter and fiscal year 2027, our expectations regarding future revenue, profitability and shareholder returns, the expected benefits from our acquisitions and partnerships, and other growth initiatives and strategies. These statements are subject to various risks and uncertainties, which may cause our actual results to differ materially. For more information, please refer to the documents we file from
NetApp (NTAP - Free Report) came out with quarterly earnings of $2.58 per share, beating the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +21.13%. A quarter ago, it was expected that this data storage company would post earnings of $2.27 per share when it actually produced earnings of $2.43, delivering a surprise of +7.05%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
NetApp, which belongs to the Zacks Computer- Storage Devices industry, posted revenues of $2.03 billion for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 9.86%. This compares to year-ago revenues of $1.56 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
NetApp shares have added about 71% since the beginning of the year versus the S&P 500's gain of 11.5%.
What's Next for NetApp?While NetApp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for NetApp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.20 on $1.86 billion in revenues for the coming quarter and $9.07 on $7.56 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer- Storage Devices is currently in the top 4% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Computer and Technology sector, UiPath (PATH - Free Report) , is yet to report results for the quarter ended July 2026. The results are expected to be released on September 3.
This enterprise automation software developer is expected to post quarterly earnings of $0.15 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
UiPath's revenues are expected to be $397.59 million, up 9.9% from the year-ago quarter.
Is NetApp Inc (NTAP) Overvalued After Q1 Earnings Beat? EPS at $1.88 vs Est. $1.65, Revenue at $2.03B vs Est. $1.84B, GF Score: 88/100 Favorable Fiscal Results and Strategic Innovations Highlight Growth Potential
On September 2, 2026, NetApp Inc NTAP released its 8-K filing announcing impressive financial results for the first quarter of fiscal year 2027. The company reported record net revenues of $2.03 billion, a 30% increase year-over-year, and surpassed the average analyst estimates of $1.65 earnings per share (EPS) and $1.83869 billion in revenue.
NetApp Inc, a leader in storage hardware and software solutions, has transitioned into a cloud-centric data infrastructure company. The company's flagship ONTAP data management software is complemented by an all-encompassing portfolio of all-flash, hybrid-flash, and cloud-native solutions. With a strong focus on its Hybrid Cloud and Public Cloud segments, NetApp generates a substantial portion of its revenue from the U.S. market while expanding its international presence.
NetApp has showcased remarkable growth; however, challenges persist in an increasingly competitive cloud landscape. This fiscal success is critical as it reflects the company's ability to innovate and adapt to customer needs, which may also help mitigate future challenges such as technological disruptions and pricing pressures within the industry.
Some of NetApp's noteworthy achievements in this quarter include:
Record all-flash array net revenue of $1.3 billion, growing 47% year-over-yearPublic Cloud net revenue reaching $206 million, up 28% year-over-yearBillings climbed to $2.06 billion, reflecting a 36% year-over-year increaseGAAP operating margin of 23.9% and a non-GAAP operating margin of 31.9%The acquisition of DataPelago, Inc., an AI data infrastructure company, further establishes NetApp's strategic direction towards AI and cloud integration. CEO George Kurian emphasized the importance of this momentum by stating,
“NetApp delivered a record-setting start to the year, exceeding guidance on every metric and achieving our strongest first quarter ever.”Financial MetricsQ1 FY27Q1 FY26% ChangeNet Revenues$2,025 million$1,559 million30%Net Income$375 million$233 million61%GAAP EPS$1.88$1.1563%Non-GAAP EPS$2.58$1.5566%Free Cash Flow$401 million$620 million(35)%In assessing its balance sheet, NetApp reported total assets of $10.96 billion and liabilities amounting to $9.46 billion as of July 31, 2026. This reflects a commitment to maintaining a healthy financial structure while supporting ongoing growth initiatives. Importantly, the cash flow details reveal a decline in net cash provided by operating activities at $503 million—down 25% year-over-year—which could signal potential cash management challenges ahead.
GuruFocus Valuation CheckAccording to GuruFocus's proprietary metrics, NetApp Inc NTAP has a GF Score of 88 out of 100, indicating strong potential as a value investment. However, with a current price of $181.735, the stock is assessed as 49.7% overvalued compared to a GF Value of $121.43.
The company's financial strength is rated at 6 out of 10, reflecting a stable balance sheet, but there remains room for improvement under tougher market conditions. In profitability, NTAP excels with a perfect rank of 10 out of 10, demonstrating its robust margins in a competitive landscape. Additionally, the growth rank stands at 9 out of 10, indicating strong growth potential and consistency in earnings.
The insider activity has shown a notable selling trend, with insiders offloading $12.3 million worth of stock over the past 12 months. This could be interpreted as a cautious signal for prospective investors. For a deeper dive, visit the NetApp Inc stock page on GuruFocus.
Explore the complete 8-K earnings release (here) from NetApp Inc for further details.
GuruFocus context: GuruFocus’ GF Value™ estimates fair value near $121.43 (49.7% overvalued); its GF Score™ is 88/100; 9 gurus currently hold the stock, with 4 adding and 5 trimming positions in recent quarters — guru 13F data Simply Wall St and Morningstar don’t have. See the full NetApp Inc NTAP research.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Tržby Public Cloud společnosti NetApp ve 4. fiskálním čtvrtletí 2026 meziročně vzrostly o 11 % na 182 milionů USD. Hrubá marže segmentu dosáhla 85,7 %.
Key Takeaways NetApp's Public Cloud revenue rose 11% year over year to $182 million in fiscal Q4 2026.First-party and marketplace cloud services grew 30% for fiscal 2026, extending NetApp's cloud reach.Public Cloud gross margin hit 85.7%, while AI activity and enterprise IT demand support fiscal 2027 momentum. NetApp, Inc.’s (NTAP - Free Report) Public Cloud business is benefiting from sustained demand for hyperscaler first-party and marketplace storage services, supporting continued growth in the company’s cloud operations. Its fourth-quarter fiscal 2026 Public Cloud revenues were $182 million, increasing 11% year over year. Excluding the contribution from Spot in the prior-year period, growth was 18%, highlighting continued momentum in the business. For fiscal 2026, Public Cloud revenue totaled $688 million, while first-party and marketplace cloud services grew 30% for the year.
The growth reflects broader customer adoption of NetApp’s first-party and marketplace services. This expansion continues to support the Public Cloud business as customers increasingly use NetApp’s offerings across their cloud environments. The segment also maintains a high level of profitability, with Public Cloud gross margin reaching 85.7% in the fiscal fourth quarter. Such profitability provides support for earnings leverage as the Public Cloud business represents a larger part of the company’s overall mix.
NetApp’s fiscal 2027 outlook assumes continued momentum in enterprise IT demand and increasing AI activity. These trends are expected to support use cases that connect governed data with AI and analytics services in the cloud. As customers continue to extend their data environments into cloud platforms, first-party and marketplace cloud services remain important components of NetApp’s Public Cloud strategy.
Taking a Look at NTAP’s CompetitorsSeagate Technology Holdings plc (STX - Free Report) is gaining from strong data center demand, HAMR adoption and pricing discipline. Management expects cloud spending and AI-led storage demand to remain healthy. Demand visibility remains strong, with most nearline capacity allocated through calendar 2028 and customer commitments extending into 2029. Seagate's HAMR-based Mozaic roadmap, disciplined pricing and manufacturing efficiencies are expected to drive revenue growth, margin expansion and cash generation in fiscal 2027. Management anticipates fiscal first-quarter revenues of $4.1 billion (+/- $100 million). At the midpoint, this indicates a 56% year-over-year improvement.
Western Digital Corporation (WDC - Free Report) is benefiting from sustained demand for high-capacity storage as AI, cloud and data-intensive workloads expand. Its cloud end market, which accounts for 89% of total sales, grew 43%, driven by strong demand for high-capacity nearline drives and favorable pricing. HDDs continue to offer favorable economics for large-scale data retention, while higher-capacity ePMR, UltraSMR and upcoming HAMR products strengthen WD’s position with hyperscale customers. Longer customer agreements improve demand visibility and support predictable pricing. A richer product mix, lower cost per terabyte and operating leverage are supporting margin expansion and cash generation. For the first quarter of fiscal 2027, Western Digital expects non-GAAP revenues of $4.1 billion, plus or minus $100 million, representing 45% year-over-year growth at the midpoint.
NTAP Price Performance, Valuation & EstimatesShares of NetApp have gained 36.2% in the past three months against the Computer-Storage Devices industry’s decline of 7.1%.
Image Source: Zacks Investment Research
Regarding the price/book ratio, NTAP is trading at 28.16, higher than the industry’s multiple of 14.26.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NTAP’s earnings for fiscal 2027 has been revised marginally upward over the past 60 days.
Image Source: Zacks Investment Research
NTAP currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways NetApp expects Q1 FY2027 sales of $1.75B-$1.90B, with an extra week adding about $65M of revenue.AI demand remains strong, with about 500 wins in Q4 and more than 1,100 for fiscal 2026.Cloud storage grew 30% in fiscal 2026, while Keystone benefits from the shift to consumption-based models. NetApp, Inc. (NTAP - Free Report) is slated to release first-quarter fiscal 2027 earnings on Sept. 2, after the closing bell.
The company expects non-GAAP earnings per share to be between $2.05 and $2.15 for the quarter. The Zacks Consensus Estimate is currently pegged at $2.12 per share, indicating 36.8% growth from the year-ago level.
Net sales are anticipated to be in the range between $1.750 billion and $1.900 billion. The Zacks Consensus Estimate is pegged at $1.84 billion, implying an 18.2% increase from the prior-year reported number.
NTAP’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 4.65%.
Key Factors to Note for NTAP’s Q1 EarningsNetApp is likely to have benefited from momentum across cloud, flash, AI and Keystone in first-quarter fiscal 2027, supported by a strong enterprise IT spending environment and increasing AI activity. In the last reported quarter, management anticipated IT spending to rise as enterprises prepared for AI, with demand across cloud, flash, AI and Keystone. The company is also likely to have benefited from broad-based demand as customers prioritized data infrastructure for AI. The first quarter included an extra week, which was expected to contribute about $65 million of revenue, mainly from Support and Cloud, while adding $21 million of operating expenses. Management anticipates first-quarter non-GAAP gross margin of 69.1-70.1% and operating margin of 28.4-29.4%.
AI remains a key growth driver for NetApp. The company reported approximately 500 AI wins in the fourth quarter and more than 1,100 for fiscal 2026 compared with roughly 400 for the entire prior fiscal year. These wins included enterprise and neocloud customers and covered data preparation, large-scale analytics, training, fine-tuning and inferencing. All elements of the flash portfolio performed strongly in enterprise AI configurations, while hybrid flash gained traction in less demanding AI environments. On the last earnings call, management highlighted AI strength to remain broad-based across segments, verticals and geographies.
All-flash storage is also benefiting from AI demand, with management noting particularly strong growth in AI use cases. NetApp’s installed-base penetration increased another 1% to 48%. The company raised prices during the fourth quarter, with pricing actions expected to increasingly flow through over the next one to two quarters. Management expects product gross margin to reach a trough in the July quarter and gradually improve as pricing actions offset higher component costs.
Public Cloud and Keystone are additional growth contributors. First-party and marketplace cloud storage services grew 30% year over year in fiscal 2026, while AI use cases are beginning to emerge in the cloud. Keystone continues to benefit from the shift toward consumption-based storage models and is expected to grow faster than the traditional business.
NetApp is also seeing opportunities from AFX, AI Data Engine, neo cloud and sovereign cloud customers. Meanwhile, the company continues to manage higher NAND and component costs through pricing actions, supplier diversification and supply-chain measures. On the last earnings call, management stated that it believed it could source adequate supply to meet its fiscal 2027 outlook, which might have benefited NTAP in the to-be-reported quarter.
However, the company is facing stiff competition, while changes in customer purchase timing could lead to volatility despite the healthy overall demand environment.
Recent DevelopmentsOn Aug. 6, 2026, NetApp acquired JetStream Software, which specializes in VMware disaster recovery and migration. The acquisition will aid NetApp in helping enterprises safeguard applications, speed up cloud migration and modernize infrastructure while ensuring cyber resilience.
On July 22, 2026, NetApp acquired DataPelago, a startup specializing in AI data infrastructure. The deal expands NetApp's intelligent data infrastructure portfolio by bringing GPU-accelerated data processing directly to the storage layer, allowing organizations to process data where it resides instead of copying it to separate AI infrastructure. The acquisition is likely to strengthen NetApp's competitive position in the rapidly growing AI infrastructure market.
On June 23, 2026, NetApp launched StorageGRID 12.1 to improve distributed data management, helping customers scale AI workloads, data lakes and modern object-based applications more efficiently.
On June 3, 2026, NetApp and Cisco expanded their FlexPod platform with new validated AI solutions designed to simplify enterprise AI deployments, inferencing, RAG workflows and edge computing while enhancing security and scalability. The collaboration integrates technologies from NVIDIA to help organizations accelerate AI adoption with pre-tested, enterprise-grade infrastructure.
On the same day, NetApp and Splunk expanded their collaboration with a new SOAR playbook designed to help customers contain ransomware attacks, reduce data loss and strengthen cyber resilience. The solution combines NetApp’s Intelligent Data Infrastructure with Splunk’s analytics and observability capabilities to improve threat response and recovery efficiency.
What Our Model Says About NTAPOur proven model predicts an earnings beat for NTAP this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. This is the case here.
NTAP has an Earnings ESP of +3.77% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks With Favorable CombinationHere are a few other companies worth considering, as our model indicates that they possess the right combination to exceed earnings expectations in their upcoming releases:
Ciena Corporation (CIEN - Free Report) currently has an Earnings ESP of +0.58% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for revenues and earnings is pegged at $1.64 billion and $1.73 per share, respectively. CIEN is slated to report third-quarter 2026 results on Sept. 3.
Dell Technologies Inc. (DELL - Free Report) has an Earnings ESP of +6.20% and a Zacks Rank #1 at present.
The Zacks Consensus Estimate for revenues and earnings is pegged at $45.3 billion and $4.95 per share, respectively. DELL is slated to report second-quarter fiscal 2027 results on Sept. 1.
lululemon athletica inc. (LULU - Free Report) currently has an Earnings ESP of +0.70% and a Zacks Rank #3.
The Zacks Consensus Estimate for revenues and earnings is pegged at $2.47 billion and $1.79 per share, respectively. LULU is scheduled to report second-quarter fiscal 2026 results on Sept. 3.
Callan Family Office LLC bought a new stake in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,178 shares of the data storage provider’s stock, valued at approximately $2,194,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Park Square Financial Group LLC raised its position in NetApp by 68.7% in the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock valued at $29,000 after purchasing an additional 103 shares during the period. Gen Wealth Partners Inc purchased a new stake in shares of NetApp in the fourth quarter worth about $30,000. DV Equities LLC purchased a new stake in shares of NetApp in the fourth quarter worth about $30,000. Roble Belko & Company Inc acquired a new stake in shares of NetApp in the first quarter valued at about $31,000. Finally, Torren Management LLC acquired a new stake in shares of NetApp in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 92.17% of the company’s stock.
NetApp Trading Down 0.3% NASDAQ:NTAP opened at $192.27 on Friday. The stock has a market cap of $37.73 billion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 3.45 and a beta of 1.45. NetApp, Inc. has a one year low of $93.69 and a one year high of $209.06. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.39 and a current ratio of 1.44. The business’s 50-day simple moving average is $172.93 and its 200 day simple moving average is $134.89.
NetApp (NASDAQ:NTAP – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). NetApp had a net margin of 18.43% and a return on equity of 117.23%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business earned $1.93 EPS. NetApp’s revenue for the quarter was up 12.5% compared to the same quarter last year. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. As a group, sell-side analysts predict that NetApp, Inc. will post 7.32 earnings per share for the current fiscal year. NetApp Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Friday, July 10th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, July 10th. NetApp’s payout ratio is 32.70%.
Wall Street Analysts Forecast Growth NTAP has been the topic of several recent research reports. Morgan Stanley raised NetApp from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $137.00 to $173.00 in a research report on Monday, August 10th. Argus increased their price objective on shares of NetApp from $130.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 1st. UBS Group reiterated a “neutral” rating and set a $160.00 price objective on shares of NetApp in a research note on Friday, May 29th. Bank of America boosted their target price on shares of NetApp from $125.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of NetApp from $110.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $177.25.
Get Our Latest Stock Report on NTAP
Insider Activity at NetApp In other NetApp news, CAO Lorenzo Daniel De sold 225 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $171.09, for a total transaction of $38,495.25. Following the transaction, the chief accounting officer directly owned 1,090 shares in the company, valued at $186,488.10. This represents a 17.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $193.82, for a total transaction of $193,820.00. Following the transaction, the executive vice president directly owned 30,297 shares of the company’s stock, valued at approximately $5,872,164.54. This represents a 3.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 55,297 shares of company stock valued at $8,758,016 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.
About NetApp (Free Report)
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.
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B. Metzler seel. Sohn & Co. AG purchased a new position in NetApp, Inc. (NASDAQ:NTAP – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,897 shares of the data storage provider’s stock, valued at approximately $6,329,000.
A number of other hedge funds also recently bought and sold shares of NTAP. BlackRock Inc. purchased a new stake in NetApp in the 2nd quarter worth $2,925,168,000. Norges Bank purchased a new position in NetApp during the fourth quarter valued at $458,060,000. First Trust Advisors LP lifted its holdings in NetApp by 127.0% during the first quarter. First Trust Advisors LP now owns 3,658,066 shares of the data storage provider’s stock valued at $374,549,000 after purchasing an additional 2,046,912 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of NetApp in the second quarter valued at about $195,203,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of NetApp in the second quarter valued at about $181,772,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.
Wall Street Analysts Forecast Growth Several research analysts recently weighed in on NTAP shares. Citigroup upped their price target on shares of NetApp from $150.00 to $209.00 and gave the stock a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $200.00 price objective on shares of NetApp in a report on Tuesday, June 2nd. Susquehanna boosted their price objective on NetApp from $110.00 to $185.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Barclays increased their target price on NetApp from $120.00 to $199.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Wall Street Zen downgraded NetApp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $177.25.
View Our Latest Report on NetApp NetApp Price Performance NASDAQ:NTAP opened at $192.27 on Friday. NetApp, Inc. has a 52 week low of $93.69 and a 52 week high of $209.06. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $37.73 billion, a P/E ratio of 30.23, a P/E/G ratio of 3.46 and a beta of 1.45. The stock’s fifty day moving average is $172.93 and its two-hundred day moving average is $134.89.
NetApp (NASDAQ:NTAP – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.87 billion. NetApp had a return on equity of 117.23% and a net margin of 18.43%.The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.93 earnings per share. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. Equities analysts expect that NetApp, Inc. will post 7.3 EPS for the current year.
NetApp Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Friday, July 10th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, July 10th. NetApp’s payout ratio is 32.70%.
Insider Activity In other NetApp news, CAO Lorenzo Daniel De sold 225 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $171.09, for a total value of $38,495.25. Following the sale, the chief accounting officer owned 1,090 shares of the company’s stock, valued at $186,488.10. The trade was a 17.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Cesar Cernuda sold 2,608 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $204.48, for a total value of $533,283.84. Following the transaction, the president owned 46,530 shares in the company, valued at $9,514,454.40. This trade represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 55,297 shares of company stock valued at $8,758,016. Company insiders own 0.36% of the company’s stock.
NetApp Company Profile (Free Report)
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.
Featured Articles Five stocks we like better than NetApp Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
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Advisors Capital Management LLC ve 2. čtvrtletí nově nakoupila 3 590 akcií NetApp za zhruba 556 000 USD. Firma zároveň oznámila tržby ve výši 1,95 mld. USD, nad odhadem 1,87 mld. USD, ale EPS 2,03 USD zaostal za konsensem 2,27 USD.
Advisors Capital Management LLC acquired a new position in NetApp, Inc. (NASDAQ:NTAP – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,590 shares of the data storage provider’s stock, valued at approximately $556,000.
Other large investors have also added to or reduced their stakes in the company. West Financial Advisors LLC bought a new stake in shares of NetApp during the 2nd quarter worth approximately $37,000. Park Square Financial Group LLC grew its stake in shares of NetApp by 68.7% in the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock valued at $29,000 after buying an additional 103 shares in the last quarter. Gen Wealth Partners Inc acquired a new position in NetApp during the fourth quarter worth $30,000. DV Equities LLC acquired a new position in NetApp during the fourth quarter worth $30,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in NetApp during the third quarter worth $35,000. Institutional investors and hedge funds own 92.17% of the company’s stock.
Analyst Ratings Changes A number of analysts have commented on the stock. Barclays increased their price target on shares of NetApp from $120.00 to $199.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Bank of America upped their target price on shares of NetApp from $125.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Argus raised their target price on shares of NetApp from $130.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Citigroup lifted their price target on NetApp from $150.00 to $209.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $200.00 price target on shares of NetApp in a research report on Tuesday, June 2nd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $177.25.
Get Our Latest Analysis on NetApp NetApp Stock Down 0.3% NetApp stock opened at $192.27 on Friday. The stock has a market cap of $37.73 billion, a P/E ratio of 30.23, a P/E/G ratio of 3.46 and a beta of 1.45. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 1.84. NetApp, Inc. has a twelve month low of $93.69 and a twelve month high of $209.06. The company’s 50-day moving average price is $172.93 and its two-hundred day moving average price is $134.89.
NetApp (NASDAQ:NTAP – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). NetApp had a return on equity of 117.23% and a net margin of 18.43%.The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. The company’s revenue was up 12.5% on a year-over-year basis. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. As a group, analysts expect that NetApp, Inc. will post 7.3 EPS for the current year.
NetApp Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Friday, July 10th were paid a $0.52 dividend. The ex-dividend date was Friday, July 10th. This represents a $2.08 annualized dividend and a yield of 1.1%. NetApp’s payout ratio is 32.70%.
Insider Buying and Selling at NetApp In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $193.82, for a total transaction of $193,820.00. Following the transaction, the executive vice president directly owned 30,297 shares of the company’s stock, valued at approximately $5,872,164.54. This trade represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lorenzo Daniel De sold 225 shares of NetApp stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $171.09, for a total transaction of $38,495.25. Following the completion of the sale, the chief accounting officer owned 1,090 shares of the company’s stock, valued at $186,488.10. This trade represents a 17.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 55,297 shares of company stock valued at $8,758,016 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.
NetApp Company Profile (Free Report)
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.
Further Reading Five stocks we like better than NetApp Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
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Abacus FCF Advisors ve 2. čtvrtletí koupila novou pozici v NetApp za zhruba 7,613 milionu USD, když nabyla 49 193 akcií. Akcie NetApp zároveň klesly o 5,0 %.
Abacus FCF Advisors LLC purchased a new position in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 49,193 shares of the data storage provider’s stock, valued at approximately $7,613,000.
Other hedge funds have also recently modified their holdings of the company. West Financial Advisors LLC purchased a new position in shares of NetApp in the second quarter worth $37,000. Park Square Financial Group LLC grew its holdings in shares of NetApp by 68.7% during the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock valued at $29,000 after buying an additional 103 shares during the last quarter. Gen Wealth Partners Inc acquired a new position in shares of NetApp in the 4th quarter valued at $30,000. DV Equities LLC acquired a new position in shares of NetApp in the 4th quarter valued at $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in NetApp in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 92.17% of the company’s stock.
NetApp Trading Down 5.0% NASDAQ NTAP opened at $194.48 on Thursday. The company has a market capitalization of $38.16 billion, a PE ratio of 30.58, a P/E/G ratio of 3.67 and a beta of 1.45. The company has a fifty day moving average of $171.67 and a 200 day moving average of $133.81. NetApp, Inc. has a 1 year low of $93.69 and a 1 year high of $209.06. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.44 and a quick ratio of 1.39.
NetApp (NASDAQ:NTAP – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The data storage provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.24). The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. NetApp had a net margin of 18.43% and a return on equity of 117.23%. NetApp’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.93 earnings per share. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. Research analysts forecast that NetApp, Inc. will post 7.3 earnings per share for the current year. NetApp Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Friday, July 10th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, July 10th. NetApp’s dividend payout ratio (DPR) is currently 32.70%.
Insider Activity at NetApp In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $193.82, for a total transaction of $193,820.00. Following the completion of the transaction, the executive vice president directly owned 30,297 shares of the company’s stock, valued at $5,872,164.54. The trade was a 3.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lorenzo Daniel De sold 225 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $171.09, for a total transaction of $38,495.25. Following the completion of the transaction, the chief accounting officer owned 1,090 shares of the company’s stock, valued at approximately $186,488.10. This represents a 17.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 55,297 shares of company stock worth $8,758,016. 0.36% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth A number of analysts have commented on NTAP shares. Susquehanna lifted their price target on NetApp from $110.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Barclays increased their price objective on NetApp from $120.00 to $199.00 and gave the company an “overweight” rating in a report on Friday, May 29th. JPMorgan Chase & Co. raised their price objective on NetApp from $110.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Wedbush lifted their target price on NetApp from $115.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Finally, Morgan Stanley upgraded NetApp from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $137.00 to $173.00 in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $177.25.
Get Our Latest Report on NetApp
NetApp Profile (Free Report)
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.
Further Reading Five stocks we like better than NetApp Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think?
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Aurora Investment Counsel ve 2. čtvrtletí koupila nový podíl v NetApp za zhruba 2,095 milionu USD. Firma zároveň oznámila tržby ve výši 1,95 miliardy USD a EPS 2,03 USD, což bylo pod odhadem.
Aurora Investment Counsel bought a new stake in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,536 shares of the data storage provider’s stock, valued at approximately $2,095,000.
Several other large investors also recently modified their holdings of the stock. Park Square Financial Group LLC raised its holdings in shares of NetApp by 68.7% in the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 103 shares during the period. Gen Wealth Partners Inc bought a new position in NetApp during the fourth quarter valued at $30,000. DV Equities LLC purchased a new stake in NetApp in the fourth quarter worth $30,000. Roble Belko & Company Inc purchased a new stake in NetApp in the first quarter worth $31,000. Finally, Torren Management LLC bought a new stake in shares of NetApp in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.
Wall Street Analysts Forecast Growth A number of brokerages have recently commented on NTAP. The Goldman Sachs Group reaffirmed a “buy” rating and set a $200.00 price target on shares of NetApp in a research report on Tuesday, June 2nd. Susquehanna lifted their price objective on NetApp from $110.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Wall Street Zen cut NetApp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 29th. Northland Securities upped their price objective on shares of NetApp from $137.00 to $171.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Wells Fargo & Company lifted their target price on shares of NetApp from $115.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $177.25.
View Our Latest Stock Report on NTAP Insider Transactions at NetApp In other news, President Cesar Cernuda sold 2,608 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $204.48, for a total value of $533,283.84. Following the completion of the transaction, the president directly owned 46,530 shares in the company, valued at approximately $9,514,454.40. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $193.82, for a total transaction of $193,820.00. Following the completion of the transaction, the executive vice president owned 30,297 shares of the company’s stock, valued at $5,872,164.54. This trade represents a 3.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 55,297 shares of company stock valued at $8,758,016. 0.36% of the stock is currently owned by corporate insiders.
NetApp Trading Down 5.0% NASDAQ:NTAP opened at $194.48 on Thursday. NetApp, Inc. has a 1 year low of $93.69 and a 1 year high of $209.06. The stock’s fifty day moving average price is $171.67 and its two-hundred day moving average price is $133.81. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.44 and a quick ratio of 1.39. The company has a market cap of $38.16 billion, a P/E ratio of 30.58, a P/E/G ratio of 3.67 and a beta of 1.45.
NetApp (NASDAQ:NTAP – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.24). NetApp had a net margin of 18.43% and a return on equity of 117.23%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the firm posted $1.93 earnings per share. NetApp’s revenue for the quarter was up 12.5% compared to the same quarter last year. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. As a group, analysts expect that NetApp, Inc. will post 7.3 EPS for the current year.
NetApp Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Friday, July 10th were given a dividend of $0.52 per share. The ex-dividend date was Friday, July 10th. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. NetApp’s dividend payout ratio is currently 32.70%.
NetApp Profile (Free Report)
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.
Featured Articles Five stocks we like better than NetApp Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding NTAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetApp, Inc. (NASDAQ:NTAP – Free Report).
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NetApp uzavřel poslední seanci na 194,48 USD, což představuje pokles o 5 % oproti předchozímu dni. Investoři čekají na výsledky za období končící 2. září 2026.
NetApp (NTAP - Free Report) closed at $194.48 in the latest trading session, marking a -5% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.21%. Elsewhere, the Dow saw an upswing of 0.22%, while the tech-heavy Nasdaq appreciated by 0.16%.
Shares of the data storage company have appreciated by 23.5% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.8%, and the S&P 500's gain of 3.25%.
Analysts and investors alike will be keeping a close eye on the performance of NetApp in its upcoming earnings disclosure. The company's earnings report is set to go public on September 2, 2026. In that report, analysts expect NetApp to post earnings of $2.11 per share. This would mark year-over-year growth of 36.13%. At the same time, our most recent consensus estimate is projecting a revenue of $1.83 billion, reflecting a 17.61% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9 per share and revenue of $7.54 billion, indicating changes of +10.7% and +8.86%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for NetApp. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.83% higher. NetApp is currently a Zacks Rank #3 (Hold).
Investors should also note NetApp's current valuation metrics, including its Forward P/E ratio of 22.74. This denotes a premium relative to the industry average Forward P/E of 10.67.
Investors should also note that NTAP has a PEG ratio of 2.98 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computer- Storage Devices was holding an average PEG ratio of 1.18 at yesterday's closing price.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
NetApp oznámil, že tržby z Public Cloud ve 4. fiskálním čtvrtletí meziročně vzrostly o 11 % na 182 milionů USD. Firma těží z rostoucí poptávky po veřejném cloudu a AI.
Key Takeaways NTAP's Public Cloud revenue grew 11% in Q4 fiscal 2026, led by first-party and marketplace services.NetApp expanded AI cloud use cases, helping customers scale secure hybrid and multi-cloud deployments.NTAP expects enterprise IT spending and AI adoption to sustain cloud storage demand in fiscal 2027. NetApp, Inc. (NTAP - Free Report) is benefiting from rising demand for public cloud services as enterprises continue expanding their cloud environments and increasing AI adoption. The company’s Public Cloud business maintained strong momentum in fiscal 2026, supported by growing demand for hyperscaler first-party and marketplace storage services. In the fourth quarter of fiscal 2026, Public Cloud revenue increased 11% year over year to $182 million, while excluding the prior-year contribution from the divested Spot business, revenue grew 18%. Management attributed this performance to strong demand for first-party and marketplace storage services, reflecting customers’ continued adoption of NetApp’s cloud offerings.
For fiscal 2026, Public Cloud revenue reached $688 million. Management stated that first-party and marketplace cloud services grew 30% during the year, driven by increasing demand from both new and existing customers that are extending NetApp’s capabilities deeper into their cloud environments. Customers are using NetApp to simplify and scale hybrid and multi-cloud deployments through unified data management capabilities that provide operational consistency and agility.
The company also noted that its expanding cloud portfolio is creating new opportunities across AI and additional industry verticals. Examples include an insurance company connecting Azure Databricks directly to data stored in Azure NetApp Files for secure financial risk modeling and data science, and an engineering company deploying a GenAI chatbot on AWS using FSx for NetApp ONTAP to enable secure, permission-aware access to data while reducing operational overhead.
Management also emphasized the profitability of the Public Cloud business, with fourth-quarter gross margin reaching 85.7%, driven by continued margin expansion. The company believes that continued growth in Public Cloud can provide additional earnings leverage as the business becomes a larger part of the overall revenue mix.
NetApp’s fiscal 2027 outlook assumes continued momentum in enterprise IT spending alongside increasing AI activity. Management expects these trends to support cloud use cases that connect governed enterprise data with AI and analytics services while sustaining strong demand for first-party and marketplace cloud storage services.
Taking a Look at NTAP’s CompetitorsSeagate Technology Holdings plc (STX - Free Report) is strengthening its position in cloud infrastructure as hyperscale customers continue expanding AI-driven data center capacity. In the March quarter, cloud demand helped data center revenue rise 55% year over year to $2.5 billion, accounting for 80% of total revenues. The company is accelerating the rollout of its Mozaic platform, with shipments reaching 75% of leading global cloud customers and full qualification expected soon. Its HAMR-based high-capacity drives provide a cost- and power-efficient solution for large-scale cloud storage, while long-term supply agreements, build-to-order contracts and sustained hyperscaler investments support strong demand and revenue visibility through 2028 and beyond.
Western Digital Corporation (WDC - Free Report) is strengthening its cloud storage business by delivering high-capacity HDD technologies that support the rapid expansion of AI and hyperscale data centers. The company is working closely with leading cloud providers, shipping 222 exabytes in the quarter, up 34% year over year, while accelerating adoption of its ePMR, UltraSMR and upcoming HAMR technologies. It has secured firm purchase orders with its top seven customers through 2026 and multi-year agreements extending into 2028. Western Digital also continues qualifying next-generation HDDs and PCIe Gen5 data center SSDs with major cloud companies, positioning it to benefit from sustained cloud infrastructure investments.
NTAP Price Performance, Valuation & EstimatesShares of NetApp have gained 3.8% in the past month against the Computer-Storage Devices industry’s decline of 36.9%.
Image Source: Zacks Investment Research
Regarding the price/book ratio, NTAP is trading at 23.77, higher than the sector’s multiple of 15.11.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NTAP’s earnings for fiscal 2027 has been revised upward over the past 60 days.
Image Source: Zacks Investment Research
NTAP currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NetApp v poslední seanci vzrostl o 2,62 % na 163,88 USD, zatímco širší trh klesal. Trh čeká na výsledky, kde se počítá s EPS 2,11 USD a tržbami 1,83 miliardy USD.
In the latest trading session, NetApp (NTAP - Free Report) closed at $163.88, marking a +2.62% move from the previous day. The stock's change was more than the S&P 500's daily loss of 1.01%. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq lost 1.4%.
The stock of data storage company has fallen by 0.01% in the past month, leading the Computer and Technology sector's loss of 3.73% and undershooting the S&P 500's gain of 0.32%.
The upcoming earnings release of NetApp will be of great interest to investors. The company's upcoming EPS is projected at $2.11, signifying a 36.13% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.83 billion, reflecting a 17.43% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.88 per share and a revenue of $7.48 billion, representing changes of +9.23% and +8.07%, respectively, from the prior year.
Any recent changes to analyst estimates for NetApp should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, NetApp is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, NetApp is currently trading at a Forward P/E ratio of 17.99. This expresses a premium compared to the average Forward P/E of 14.84 of its industry.
One should further note that NTAP currently holds a PEG ratio of 2.35. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Computer- Storage Devices was holding an average PEG ratio of 1.53 at yesterday's closing price.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
NetApp oznámila akvizici DataPelago, aby přesunula GPU-urychlené zpracování dat přímo k úložné vrstvě pro AI. Firma tvrdí, že to má odstranit úzká místa a umožnit zero-copy přístup k datům.
Embedding GPU-accelerated intelligence enables enterprises to easily discover, govern, and activate data for AI and analytics at the source
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced it has acquired DataPelago, a California-based AI data infrastructure company recognized for its innovative approach to eliminating data processing bottlenecks for AI and analytics workloads. The acquisition marks a foundational expansion of NetApp's portfolio, enabling GPU-accelerated data processing aligned directly with the storage layer. With this acquisition, NetApp establishes itself as the company that makes zero-copy activation of enterprise data for AI real.
AI is the defining platform shift of our era, but enterprises are discovering that their greatest bottleneck is preparing, governing, and activating their data fast enough to put AI into production. The key to accomplishing this objective is to enable accelerated computing where the data is created and stored. DataPelago solves this challenge by fundamentally reimagining where accelerated compute happens: at the data layer, not above it.
"As AI models and the chips that power them get ever more effective, enterprises need data infrastructure that is just as intelligent and powerful to harness the potential of their data," said George Kurian, Chief Executive Officer at NetApp. "NetApp is leading the industry in helping customers drive innovation and generate business value by giving them full command of their most important asset: their data. With DataPelago, we are extending our ability to help customers understand and process their data with the agility required to unleash competitive advantage.”
DataPelago's core technology, Nucleus, is a universal data processing engine that uses heterogeneous accelerated computing across CPUs and GPUs to process data where it lives. By processing data at the storage layer rather than moving it to external compute clusters, Nucleus reduces infrastructure costs by up to 80 percent and delivers performance up to 10 times faster than conventional approaches. In addition, by not requiring customers to copy their data from their operational systems to AI-systems, DataPelago eliminates the single biggest bottleneck in enterprise AI deployment. DataPelago’s technology is delivering value at large enterprises across multiple industries, accelerating demanding workloads while improving infrastructure efficiency at scale.
"DataPelago is on a mission to eliminate the data processing bottlenecks that prevent AI innovation from reaching its full potential," said Rajan Goyal, Founder and Chief Executive Officer of DataPelago. "Joining NetApp gives us the opportunity to combine our breakthrough processing technology with the industry's best data infrastructure portfolio. Enterprises have invested billions in GPUs and AI models, but their data remains fragmented, leaving valuable computing resources to sit idle rather than putting these investments to work. Together, we’re positioned to help customers simplify and accelerate AI deployment at scale."
"DataPelago's Nucleus engine brings software-defined acceleration directly to the storage layer, processing data across CPUs and GPUs so enterprises can prepare, govern, and activate their data for AI without moving it. This is true zero-copy activation," said Syam Nair, Chief Product Officer at NetApp. "NetApp manages more enterprise data across more environments than anyone in the industry. The next phase of AI will be won by those who make that data work at the source, and the DataPelago team brings the technical depth and velocity to get us there faster."
Following the acquisition, DataPelago will operate as a wholly owned subsidiary of NetApp. This news signals a continued growth trajectory for NetApp, following recent industry-leading partnerships with Cisco, Google Cloud, Red Hat, and SK Telecom, among others.
"Safe Harbor" Statement Under U.S. Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the anticipated benefits of the acquisition of DataPelago, including the ability to align GPU-accelerated data processing with the storage layer and enable zero-copy activation of enterprise data for AI; the ability of the technologies to reduce infrastructure costs, accelerate performance, and eliminate data processing bottlenecks for enterprise AI deployment; our business, economic and market outlook; our overall future prospects; demand for our AI solutions and other offerings; and our ability to deliver increasing results and value for our stakeholders. These and other important factors are described in reports and documents we file from time to time with the Securities and Exchange Commission, including the factors described under the sections titled "Risk Factors" in our most recently filed annual report on Form 10-K and quarterly report on Form 10-Q. All statements made in this release are made only as of the date set forth at the beginning of this release. We disclaim any obligation to update information contained in this press release whether as a result of new information, future events, or otherwise.
Statement of Product Direction
This press release discusses NetApp's vision for future innovation, including the anticipated alignment of DataPelago's technology with NetApp’s portfolio. This information is shared solely for informational purposes and should not be relied upon in making purchasing decisions. NetApp makes no commitment and has no obligation to develop or deliver any products, services, integrations, or any related features, material, code or functionality described herein, including any capabilities resulting from the acquisition of DataPelago. The development, release and timing of any features or functionality for NetApp products and services, including those offering DataPelago's technology, remains at the sole discretion of NetApp. NetApp's strategy and possible future developments, product and platform directions, and functionality, including plans related to DataPelago's technology, are all subject to change without notice. We disclaim any obligation to update information contained in this press release whether as a result of new information, future events, or otherwise.
About NetApp
For more than three decades, NetApp has helped the world’s leading organizations navigate change – from the rise of enterprise storage to the intelligent era defined by data and AI. Today, NetApp is the Intelligent Data Infrastructure company, helping customers turn data into a catalyst for innovation, resilience, and growth.
At the heart of that infrastructure is the NetApp data platform – the unified, enterprise-grade, intelligent foundation that connects, protects, and activates data across every cloud, workload, and environment. Built on the proven power of NetApp ONTAP, our leading data management software and OS, and enhanced by automation through the AI Data Engine and AFX, it delivers observability, resilience, and intelligence at scale.
Disaggregated by design, the NetApp data platform separates storage, services, and control so enterprises can modernize faster, scale efficiently, and innovate without lock-in. As the only enterprise storage platform natively embedded in the world’s largest clouds, it gives organizations the freedom to run any workload anywhere with consistent performance, governance, and protection.
With NetApp, data is always ready – ready to defend against threats, ready to power AI, and ready to drive the next breakthrough. That’s why the world’s most forward-thinking enterprises trust NetApp to turn intelligence into advantage.
Learn more at www.netapp.com or follow us on X, LinkedIn, Facebook, and Instagram.
NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.
About DataPelago
DataPelago is driving the data acceleration revolution that AI demands. Today, AI's relentless hunger for data acceleration at massive scale has created the ultimate chokepoint — without economically scaled data processing, AI innovation itself will be throttled. At DataPelago, we’re unleashing breakthrough thinking to transform data processing economics and ignite the next wave of AI-powered revolution.
DataPelago Nucleus is the world's first universal data processing engine built for accelerated computing, purpose-built to process any type of data, operate across any hardware, and support any query engine, delivering new price/performance benefits that make it viable to extract value from all the data in the world, igniting an AI-powered revolution.
NetApp uzavřel poslední seanci na 168,86 USD, což znamená pokles o 1,67 % za den. Investoři sledují nadcházející výsledky, kde se očekává EPS 2,11 USD a tržby 1,83 mld. USD.
NetApp (NTAP - Free Report) ended the recent trading session at $168.86, demonstrating a -1.67% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.42%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.29%.
The stock of data storage company has risen by 7.02% in the past month, leading the Computer and Technology sector's gain of 0.85% and the S&P 500's gain of 2.2%.
Market participants will be closely following the financial results of NetApp in its upcoming release. On that day, NetApp is projected to report earnings of $2.11 per share, which would represent year-over-year growth of 36.13%. Simultaneously, our latest consensus estimate expects the revenue to be $1.83 billion, showing a 17.43% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.88 per share and revenue of $7.48 billion, which would represent changes of +9.23% and +8.07%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for NetApp. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. NetApp is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, NetApp is presently being traded at a Forward P/E ratio of 19.35. This indicates a premium in contrast to its industry's Forward P/E of 16.26.
Investors should also note that NTAP has a PEG ratio of 2.53 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Computer- Storage Devices industry had an average PEG ratio of 1.72.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NTAP in the coming trading sessions, be sure to utilize Zacks.com.
NetApp oznámil rekordní tržby z all-flash úložišť ve fiskálním roce 2026 ve výši 4,2 mld. USD, meziročně o 11 % více. Firma očekává ve fiskálním roce 2027 vyšší aktivitu v podnikovém AI a tržby 7,325–7,575 mld. USD.
Key Takeaways NetApp delivered record fiscal 2026 all-flash revenues of $4.2B, up 11% year over year.NTAP recorded about 500 AI and data prep wins in Q4, exceeding 1,100 for fiscal 2026.NetApp expects higher enterprise AI activity in fiscal 2027 and guided revenues of $7.325B-$7.575B. NetApp, Inc. (NTAP - Free Report) is benefiting from the growing adoption of all-flash storage as enterprises modernize their infrastructure and expand AI deployments. The company delivered record all-flash performance for fiscal 2026, with all-flash revenue reaching $4.2 billion, an increase of 11% year over year. Fourth-quarter all-flash revenue was $1.2 billion, up 18% from the prior-year quarter, reflecting strong customer demand for high-performance storage solutions.
Management attributed this momentum to broad adoption across public cloud, all-flash and Keystone offerings as customers continue to modernize infrastructure and scale AI workloads.
AI adoption has emerged as a major driver of all-flash demand. NetApp stated that enterprises are investing in high-performance flash, capacity flash and block storage environments to ensure GPUs remain fully utilized by providing continuous access to large volumes of data. The company noted that approximately 500 AI and data preparation wins were recorded in the fourth quarter alone, bringing the fiscal 2026 total to more than 1,100. Management added that all elements of its flash portfolio performed strongly in enterprise AI deployments, while hybrid flash also gained traction in less demanding AI environments.
NetApp is strengthening its all-flash portfolio through new AI-focused innovations. In fiscal 2026, it introduced AFX and the AI Data Engine, both of which management said are seeing encouraging early customer and partner momentum. The company also enhanced the performance and capabilities of its all-flash arrays and expanded its converged AI solutions to simplify AI infrastructure, eliminate data silos and accelerate data pipelines. Early AFX deployments have secured wins in Neo cloud, financial services, hedge funds and life sciences, while AI Data Engine is helping customers organize large volumes of unstructured data for AI projects.
The company believes cyber resilience is another differentiator for its all-flash offerings. A European aerospace customer selected NetApp’s all-flash arrays in a competitive greenfield deployment, citing their high performance, ransomware protection, cyber resilience capabilities and seamless partner ecosystem integration. NetApp expects enterprise AI activity in fiscal 2027 to be higher compared with fiscal 2026 and has guided revenue in the range of $7.325 billion to $7.575 billion.
Taking a Look at NTAP’s CompetitorsSeagate Technology Holdings plc (STX - Free Report) is well poised to gain from AI-led storage demand, a robust technology roadmap anchored in Mozaic and HAMR and disciplined execution focused on converting demand into profitable growth and long-term value creation. Cloud drives most data center revenue, with Mozaic shipments reaching 75% of top cloud customers, and full qualification expected in the ongoing quarter. It expects stronger FCF throughout 2026, driven by steady demand, efficiency gains and disciplined spending. Management raised its long-term outlook, now expecting at least 20% annual revenue growth over the next few years, driven by strong cloud demand and continued hyperscaler investments in AI infrastructure, with the March quarter marking the 10th straight quarter of cloud-led revenue growth. Fiscal 2026 capex is expected to stay within 4-6% of sales.
Western Digital Corporation (WDC - Free Report) is gaining from strength across end markets, riding on AI-led storage needs and multi-year agreements extending through 2028-29. Cloud end market derives a lion’s share of its sales, fueled by strong demand for high-capacity nearline drives and favorable pricing. Higher-capacity drives and solid UltraSMR uptake that improved customer TCO are aiding margins, while strong operating leverage, lower interest costs and tax efficiency are fueling EPS growth. The company is advancing areal density and boosting performance with high-bandwidth drives. It strengthened the balance sheet by selling 5.8 million SanDisk shares, cutting debt by $3.1 billion, leaving $1.6 billion in convertible debt and ending with a $450 million net cash position. Western Digital expects fiscal fourth-quarter revenue of $3.65B, up 40% year over year at the midpoint.
NTAP Price Performance, Valuation & EstimatesShares of NetApp have gained 34.2% in the past month against the Computer- Storage Devices industry’s growth of 54%.
Image Source: Zacks Investment Research
Regarding the price/book ratio, NTAP is trading at 23.16, lower than the sector’s multiple of 23.56.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NTAP’s earnings for fiscal 2027 has been revised upwards over the past 60 days.
Image Source: Zacks Investment Research
NTAP currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
