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Why is NTAP down 2.64%?
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NTAP:NASDAQ
NetApp Inc
$192.91
-2.64%
(-5.24) 1D
$193.60
+0.36% (+0.69)
Pre-market
Closed: Sep 22, 4:00:00 PM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for NTAP...
Open
$197.73
High
$198.98
Low
$190.89
Mkt. cap
37.89B
Avg. vol.
2.52M
Volume
431.00
Dividend
1.08%
Quarterly dividend
$0.52
Ex-dividend date
Oct 9, 2026
P/E ratio
27.23
52-wk high
$209.06
52-wk low
$93.69
EPS
$7.09
Beta
1.44
Shares outstanding
196.42M
No. of employees
12K
Open
$197.73
High
$198.98
Low
$190.89
Mkt. cap
37.89B
Avg. vol.
2.52M
Volume
431.00
Dividend
1.08%
Quarterly dividend
$0.52
Ex-dividend date
Oct 9, 2026
P/E ratio
27.23
52-wk high
$209.06
52-wk low
$93.69
EPS
$7.09
Beta
1.44
Shares outstanding
196.42M
No. of employees
12K
News stories
From web sources and news partners
Profile
NetApp, Inc. is an American data infrastructure company that provides unified data storage, integrated data services, and cloud operations solutions to enterprise customers. The company is based in San Jose, California. It was ranked in the Fortune 500 from 2012 to 2021. Founded in 1992 with an initial public offering in 1995, NetApp offers cloud data services for management of applications and data both online and physically. Wikipedia
About NetApp Inc
CEOGeorge Kurian
Employees11.7K
Founded1992
HeadquartersSan Jose, California, United States
SectorComputers, Peripherals, and Software
Websitenetapp.com
Analyst ratings
Based on 16 analysts giving stock ratings to NTAP in the past 3 months
Buy
Buy
5
Hold
11
Sell
0
12-month forecast
Based on 16 Wall Street analysts offering 12 month price targets for NTAP in the last 3 months.
Highest
Current $192.91
$225.00 (+16.63%)
Average
$196.64 (+1.93%)
Lowest
$170.00 (-11.88%)
Analyst
Recommendation
Action
Price target
Projected
Date
Erik Woodring
Morgan Stanley
Hold
Reiterated
$191.00
-1%
09/18/2026
Jim Kelleher
Argus Research
Buy
Reiterated
$225.00
+16.6%
09/10/2026
Asiya Merchant
Citi
Hold
Maintained
$190.00
-1.5%
09/08/2026
Amit Daryanani
Evercore ISI
Hold
Maintained
$210.00
+8.9%
09/03/2026
Katherine Murphy
Goldman Sachs
Buy
Maintained
$210.00
+8.9%
09/02/2026
Nehal Chokshi
Northland Securities
Buy
Reiterated
$187.00
-3.1%
09/03/2026
Mehdi Hosseini
Susquehanna
Hold
Maintained
$195.00
+1.1%
09/03/2026
Matt Bryson
Wedbush
Hold
Maintained
$170.00
-11.9%
09/03/2026
Joseph Cardoso
J.P. Morgan
Hold
Maintained
$195.00
+1.1%
09/03/2026
David Vogt
UBS
Hold
Reiterated
$171.00
-11.4%
09/03/2026
Aaron Rakers
Wells Fargo
Hold
Reiterated
$190.00
-1.5%
09/03/2026
Jason Ader
William Blair
Hold
Maintained
-
-
09/03/2026
Tim Long
Barclays
Buy
Maintained
$219.00
+13.5%
09/02/2026
Krish Sankar
TD Cowen
Buy
Maintained
$200.00
+3.7%
09/02/2026
Param Singh
Oppenheimer
Hold
Maintained
-
-
09/03/2026
Unknown Analyst
Oppenheimer
Hold
Maintained
-
-
09/03/2026
Wamsi Mohan
Bank of America Securities
Hold
Reiterated
$200.00
+3.7%
09/03/2026
Samik Chatterjee
J.P. Morgan
Hold
Maintained
$175.00
-9.3%
07/21/2026
Unknown Analyst
Wedbush
Hold
Maintained
$115.00
-40.4%
05/26/2026
Unknown Analyst
Goldman Sachs
Buy
Maintained
$127.00
-34.2%
04/15/2026
Last report
Sep 2, 2026
Fiscal period
Q1 2027
EPS / Est. (USD)
$2.58 / $2.12
+21.54%beat
Revenue / Est. (USD)
2.02B / 1.84B
+10.19%beat
Fiscal Q1 2027 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Income statement
Revenue
Net income
All values in USD
Oct 2025
Jan 2026
Apr 2026
Jul 2026
Revenue
1.70B
1.71B
1.95B
2.02B
Cost of goods sold
478.00M
504.00M
583.00M
606.00M
Cost of revenue
478.00M
504.00M
583.00M
606.00M
Research and development expenses
251.00M
237.00M
261.00M
274.00M
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
554.00M
541.00M
573.00M
605.00M
Operating expense
805.00M
778.00M
834.00M
879.00M
Total operating expenses
1.28B
1.28B
1.42B
1.48B
Operating income
422.00M
431.00M
531.00M
540.00M
Other non operating income
20.00M
-3.00M
-2.00M
20.00M
EBT including unusual items
393.00M
433.00M
518.00M
484.00M
EBT excluding unusual items
416.00M
430.00M
517.00M
540.00M
Income tax expense
88.00M
99.00M
114.00M
109.00M
Effective tax rate
22.39%
22.86%
22.01%
22.52%
Other operating expenses
-
-
-
-
Net income
305.00M
334.00M
404.00M
375.00M
Net profit margin
17.89%
19.50%
20.74%
18.52%
Earnings per share
2.05
2.12
2.43
2.58
Interest and investment income
27.00M
25.00M
25.00M
33.00M
Interest expense
-26.00M
-26.00M
-28.00M
-29.00M
Net interest expenses
1.00M
-1.00M
-3.00M
4.00M
Depreciation and amortization charges
-
-
-
-
EBITDA
471.00M
477.00M
577.00M
573.00M
Gain or loss from assets sale
-
-
-
-
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
Insider
Position
Type
Date
Shares
Amount
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