DailyIQ
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Sector:TechnologyAll sectors
Last updated 11 minutes ago

NTAP·NetApp, Inc.

$.
+. (+.%)
High
$142.71
Open
$139.50
Market Cap
27.34B
52W High
$142.42
Low
$138.55
P. Close
$138.95
P/E
22.55
52W Low
$93.69
Fwd P/E
33.49
Mean Target
$117.60
Technical Score (1D)
95
BUY
News Sentiment
55
BULLISH
NetApp (NTAP) shares experienced a notable surge of over 12% recently, driven by elevated trading volatility. Despite this jump, current market valuations suggest the data management software company remains undervalued, presenting a potential opportunity for investors. This positive outlook is supported by multiple fundamental factors, warranting consideration for inclusion on investment watchlists. In contrast, Seagate Technologies is benefiting from strong demand for its AI-focused storage solutions and advancements like HAMR technology, leading to significant growth. This creates a divergence in market performance, as NetApp is contending with decelerating IT spending and persistent cloud-related pressures. Investors are weighing these differing growth drivers and market pressures when evaluating opportunities within the data management sector. The key takeaway is the contrasting trajectories of these two data storage firms, with NetApp's undervaluation and Seagate's AI-driven momentum being central to the current narrative.
Earnings Summary
NetApp, Inc. is a global provider of data management solutions, specializing in modernizing data infrastructures across hybrid and public cloud environments with its software, systems, and services like ONTAP and Azure NetApp Files. Operating in the Technology sector within the Software - Infrastructure industry, NetApp focuses on optimizing data storage, access, and protection for diverse clients. The company's recent earnings performance shows a trend of beating analyst expectations. In Q3 2026, NetApp reported EPS of $2.12 against an estimate of $2.1063, and revenue of $1.713 billion against an estimate of $1.728 billion, indicating an EPS beat and a slight revenue miss. This followed Q3 2025, where EPS was $2.05 versus an estimate of $1.88496, and revenue was $1.705 billion against an estimate of $1.705 billion, marking an EPS beat and an in-line revenue performance. Prior to this, Q2 2025 saw EPS of $1.55 against $1.53869 and Q1 2025 had EPS of $1.93 against $1.89661, both representing beats. Historically, NetApp has shown a consistent pattern of exceeding EPS estimates in its most recently reported quarters, with revenue performance being more varied but generally in line or slightly exceeding expectations. Recent news indicates continued analyst confidence, with Bank of America raising its price target to $125. However, BWG Global downgraded its rating to Mixed, prompting close monitoring of further commentary. NetApp has been actively pursuing strategic partnerships, including collaborations with Red Hat to enhance data protection for OpenShift and with Iterate.ai for private AI automation solutions, alongside expanding its AI-focused data services with Google Cloud. Investors will be closely watching NetApp's upcoming fourth quarter and full fiscal year 2026 financial results webcast, scheduled for May 28, 2026, to assess the impact of these strategic initiatives and analyst sentiment shifts.

EPS

EstBeatMiss
$1.43$1.67$1.90$2.14$2.38Q4'24Q1'25Q2'25Q3'25Q3'26Q4'26
QtrEstActual+/−
Q4'26$2.27 - -
Q3'26$2.11$2.12+0.7%
Q3'25$1.88$2.05+8.8%
Q2'25$1.54$1.55+0.7%
Q1'25$1.90$1.93+1.8%
Q4'24$1.91$1.91-0.1%

Revenue

EstBeatMiss
$1.5B$1.6B$1.7B$1.8B$2.0BQ4'24Q1'25Q2'25Q3'25Q3'26Q4'26
QtrEstActual+/−
Q4'26$1.9B - -
Q3'26$1.7B$1.7B-0.9%
Q3'25 - $1.7B -
Q2'25 - $1.6B -
Q1'25 - $1.7B -
Q4'24 - $1.6B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

NTAP Stock Snapshot

NTAP is currently trading at $141.76, giving NetApp, Inc. a market cap of 27.34B and a P/E ratio of 22.6. Today's range spans $138.55–$142.71, with shares opening at $139.50 and moving up $2.81 (2.0%) from the prior close. DailyIQ's technical score sits at 95/100 (BUY) with a news sentiment reading of 55/100.

Over the past year NTAP has traded between $93.69 and $142.42 - the current price is +51.3% off the 52-week low and -0.5% from the high. 29 analysts cover the stock with a Hold consensus and a mean 12-month target of $117.60 (range $88.00–$137.00), implying downside of -17.0%.

NTAP carries a BUY signal on a 95/100 technical score, trades at $141.76 (near 52-week highs), and has neutral sentiment at 55/100. At 27.34B in Technology market cap (P/E: 22.6), the name has scale without the index-anchor inertia of mega-cap peers - which means when the bullish momentum runs, the percentage move can be meaningfully larger. Annual range: $93.69–$142.42.

What makes NTAP's BUY setup (95/100) particularly actionable at 27.34B in Technology capitalization is the scale-to-move ratio: large enough to feature on institutional mandates but not so large that the percentage upside is already compressed by index inertia. At $141.76 (near 52-week highs in $93.69–$142.42), with sentiment running neutral at 55/100, the setup rewards conviction-sized positioning more than it does speculative small bets.