Netapp Inc NTAP

$226.27 +11.22 (5.22%)

Valuation

Market cap
42,239,912,000
Revenue TTM
$6,925,000,000
Net income TTM
$1,276,000,000
PE ratio
28.27
Forward PE
25.25
Profit margin
18.43%
Debt to equity
1.66

Trading

Volume
5,063,000
Avg volume
2,529,688
Day's range
$216.25 – $231.90
Shares out
196,419,000
Stochastic %K
86%
Beta
1.46
Analysts
Sell
Price target
$200.65

Price

Company profile

NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup...

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NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, including NetApp AFF and ASA A-Series and C-Series, NetApp AFX, NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage services comprising Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp Cloud Volumes ONTAP. In addition, the company offers operational services, such as NetApp Data Infrastructure Insights and Instaclustr; and professional and support services include storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, migration, and proactive support services to help customers optimize the performance and efficiency of their on-premises and hybrid multicloud storage environments. Further, it offers ransomware protection, data backup and recovery, and disaster recovery. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners, including the cloud providers. The company has a strategic alliance with Commvault Systems, Inc. to develop an integrated solution for enterprise data protection and cyber resilience. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

Industry
Software - Infrastructure
Sector
Technology
Phone
408 822 6000
Website
https://www.netapp.com
Address
3060 Olsen Drive, San Jose, United States

Latest news

Stocktwits

TalkMarkets Oct 3, 8:24 PM
#Nasdaq & #Nasdaq100 Lead As Midterm Seasonality Turns Bullish Into EOY. $QQQ $IWM $NTAP $NDX $BFLY https://talkmarkets.com/article/nasdaq-nasdaq-100-lead-as-midterm-seasonality-turns-bullish-into-eoy
0 replies
MadStockAlerts1 Oct 2, 7:08 PM
$NTAP what is sexy chart. And, this company just printed a record $231.90 and the story behind it is real, not hype. Their new Novus architecture targets the exact problem Wall Street quietly worries about, GPUs sitting idle because storage can't keep up with AI training data. BofA bumped its target to $220 🔥 $SPY you know we have all the order flows for institutions and the big money? It is ALL on our site.
0 replies
topstockalerts Oct 2, 7:00 PM
NetApp shares surged to a record $231.90, driven by analyst commentary and investor enthusiasm following the company’s INSIGHT 2026 conference. The key announcement was Novus, a purpose-built AI storage architecture designed to deliver more than 100 terabytes per second of aggregate throughput and support zettabyte-scale file systems, addressing GPU underutilization in AI factories where utilization can fall below 30% when storage cannot deliver training data fast enough. BofA Securities raised its price target to $220 from $200 while maintaining a Neutral rating, citing a significantly larger AI opportunity after attending the event. NetApp also launched a fully managed storage service natively integrated with Oracle Cloud Infrastructure, expanded its SAP partnership and teamed with Supermicro to combine rack-scale computing with NetApp’s platform for AI deployments. $NTAP $BAC
0 replies
heikoscreens Oct 2, 6:43 PM
Same AI data center trade, opposite reactions today. $HPE +8% and $NTAP +5.5% (fresh all-time high ~227) while $STX -10% and $WDC -9% sit at the bottom of my Nasdaq 100 board. What my screener shows: HPE has Quick Momentum buy, a 52-week high and a spot on my Trend Leaders list (rank 5 of 10), but Reversal Watch just flipped to sell with RSI ~70. 1Y +190%. NTAP: 52-week high, Piotroski 8/9, Reversal sell at RSI ~76. 1Y +94%. The news: $DELL (+4%) talked up a 95B USD AI backlog and named memory as the bottleneck, HPE cited a record backlog, NetApp launched a new AI storage system. The disk makers are still digesting Toshiba's plan to double HDD capacity. No position in any of them. Is this a real split (servers and flash win, disks lose) or just a one-day rotation after a huge run?
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KornieAwareness7 Oct 2, 5:56 PM
$NTAP wow ATH Tale of different AI infra
1 replies
Stocktwits52wHighs Oct 2, 5:46 PM
$NTAP printed a new 52-week high today
0 replies
GreenDiddy Oct 2, 4:15 PM
$NTAP the set up is genuinely just getting started. I have 16 metrics I look at before investing. This one hits 13 of them. Anything above 5 I take seriously. Above 9 I invest so long as it checks out foundationally. Would love to hear a bearish case because I just don’t see it.
0 replies
stockystockman Oct 2, 4:11 PM
$NTAP easily 1k stock if it catches momentum
1 replies