NetApp/$NTAP

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About NetApp

NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of the cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services. Geographically, the company generates the majority of its revenue from the United States, Canada and Latin America (Americas).

Ticker

$NTAP
Primary listing

Industry

Technology Hardware, Storage & Peripherals

Employees

11,700

ISIN

US64110D1046

NetApp Metrics

BasicAdvanced
$21B
18.12
$5.67
1.41
$2.08
2.02%

What the Analysts think about NetApp

Analyst ratings (Buy, Hold, Sell) for NetApp stock.

Bulls say / Bears say

NetApp's fiscal third-quarter 2024 performance exceeded expectations, with revenue and non-GAAP earnings per share surpassing market forecasts, leading to an upgrade from Argus to a 'Buy' rating with a $130 price target. (Investing.com)
The company's hybrid cloud segment revenue increased by 8% in the latest quarter, driven by strong growth in cloud storage operations and strategic partnerships with Microsoft Azure and Amazon AWS. (TradingView News)
Analysts have raised their price targets for NetApp following strong earnings, with Stifel increasing its target to $145, citing robust financial performance and growth prospects. (Benzinga)
Despite strong earnings, some analysts maintain a cautious outlook, with Bank of America upgrading NetApp to 'Neutral' but expressing concerns over valuation and competitive pressures. (The AM Reporter)
NetApp's debt-to-equity ratio stands notably higher than the industry average, reaching 2.31, indicating a heavier reliance on borrowed funds and raising concerns about financial leverage. (Benzinga)
The company's current valuation remains a hurdle, with shares requiring a more substantial discount to align with broader market expectations, suggesting potential headwinds in the short term. (PandaForecast)
Data summarised monthly by Lightyear AI. Last updated on 8 Jun 2025.

NetApp Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

NetApp Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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