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NetApp/$NTAP

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About NetApp

NetApp Inc is storage hardware provider into a software-driven, cloud-centric data infrastructure company. Its flagship ONTAP data management software, together with a comprehensive portfolio of all-flash, hybrid-flash, and cloud-native solutions, forms the backbone of digital transformation for thousands of enterprises world'wide. Its operations are organized into two segments Hybrid Cloud and Public Cloud. It generates majority of revenue from Hybrid Cloud offers a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. It generates majority of revenue from United States followed by International market.
Ticker
$NTAP
Sector
Digital Hardware
Primary listing
NASDAQ
Employees
11,700

NetApp Metrics

BasicAdvanced
$33B
23.90
$7.09
1.43
$2.08
1.23%

What the Analysts think about NetApp

Analyst ratings (Buy, Hold, Sell) for NetApp stock.
Analyst projections of the future price of NetApp stock.

Bulls say / Bears say

NetApp’s first-quarter revenue rose 30% to a record $2.03 billion, and management raised its full-year revenue outlook by $650 million at the midpoint. Record all-flash sales and higher earnings guidance show strong demand is translating into growth and operating leverage. (NetApp)
AI storage demand could become a durable growth driver: NetApp reported about 350 AI and data-modernisation deals in the quarter, with larger deals as customers moved from trials to production. Its PEAK:AIO acquisition adds metadata and parallel-file technology aimed at large AI deployments. (NetApp, NetApp)
Public Cloud revenue reached a record $206 million, up 28% year on year. A planned native NetApp storage service on Oracle Cloud could widen its reach among customers running cloud and AI workloads. (NetApp, NetApp)
Barclays argued that higher memory prices, rather than a clear AI-spending inflection, have supported recent hardware revenue growth. If component prices normalise, that tailwind could fade and sales growth may slow. (Investopedia)
The shares had risen sharply, leaving less room for disappointment. Guggenheim expects growth to settle back towards mid-single digits after fiscal 2028 and sees the shares trading above their historical earnings multiple. (Investing.com)
Higher component costs and a bigger share of product sales are weighing on profitability and cash generation: first-quarter non-GAAP gross margin fell 50 basis points year on year to 70.6%, while free cash flow dropped 35% to $401 million. (Yahoo Finance)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.

NetApp Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

NetApp Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing NetApp

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