DailyIQ
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Last updated 3 minutes ago

NTAP·NetApp, Inc.

$.
-. (-.%)
Pre-Market
High
$173.00
Open
$171.70
Market Cap
32.83B
52W High
$192.83
Low
$171.30
P. Close
$172.00
P/E
25.73
52W Low
$93.69
Fwd P/E
17.45
DailyIQ Est.
$177.37
Technical Score (1D)
95
BUY
News Sentiment
81
BULLISH
NetApp’s latest announcement that it will serve as the official intelligent data infrastructure partner for the 2026 NFL Madrid and London games has just been confirmed, giving the company a high‑profile marketing platform that is likely to boost brand visibility among a global audience. The same day the company was added to several Russell 1000 defensive‑style indices, a move that should increase passive and institutional exposure and reinforce its defensive appeal. Analysts now see the stock trading close to fair value, with a discounted‑cash‑flow estimate that suggests the current price already reflects much of the company’s recent performance, but earnings multiples still imply a modest upside. The partnership with CGI, which will embed NetApp Keystone into CGI’s shared‑service platform for block‑storage solutions, is expected to accelerate revenue growth for both firms and expand NetApp’s reach into enterprise customers seeking subscription‑based, secure storage. While the AI‑ready data platform narrative remains unchanged, margin compression from cloud partners and newer storage models is cited as a near‑term risk that could erode future cash flows. Insider selling activity has been noted, adding a potential risk factor that traders should monitor. The triple index inclusion broadens institutional visibility across growth‑defensive, defensive, and value‑defensive styles, but does not alter NetApp’s core strategy of leveraging AI and hybrid‑cloud solutions to offset legacy storage pressures. Investors should watch for the rollout timeline of the CGI partnership and any updates on margin trends or hyperscaler collaborations that could impact the company’s earnings‑to‑cash conversion. In the next 1–10 trading days, the focus will be on whether the market fully incorporates the NFL partnership’s marketing impact and the CGI alliance’s revenue potential, while keeping an eye on any signs of margin pressure that could temper the current valuation.
Earnings Summary
NetApp, Inc. (NTAP) is a global data‑management company that delivers software, systems, and services for hybrid and public cloud environments, with a core focus on storage solutions such as ONTAP and Azure NetApp Files. In its latest earnings cycle, the company reported earnings per share of $1.91 in Q4 2024, slightly below the $1.91 estimate, and $1.93 in Q1 2025, beating the $1.90 forecast; it continued to outperform expectations in Q2 2025 with $1.55 versus $1.54 and in Q3 2025 with $2.05 versus $1.88, and again in Q3 2026 with $2.12 versus $2.11, indicating a strong track record of earnings beats. Revenue has fluctuated, rising from $1.641 B in Q4 2024 to $1.732 B in Q1 2025, falling to $1.559 B in Q2 2025, then climbing to $1.705 B in Q3 2025 and $1.713 B in Q3 2026, reflecting the company’s focus on high‑margin cloud‑ready products. Historically, NTAP has consistently beat analyst estimates in five of the last six quarters, with revenue growth that has been uneven but generally positive, underscoring the company’s ability to generate earnings momentum even amid market volatility. Recent news highlights a price‑target lift by Daiwa Securities to $180 from $117, driven by expectations of stronger future performance, and the launch of StorageGRID 12.1, which adds a federated global namespace and performance gains for AI workloads, positioning NetApp to capture the growing AI‑ready hybrid‑cloud market; the company also deepened its partnership with CGI to deploy NetApp Keystone for block storage, expanding its subscription‑based AI infrastructure offering. Investors should watch the upcoming Q4 2026 earnings for any revenue impact from the StorageGRID upgrade and the CGI partnership, monitor guidance on cloud‑migration trends, and track any further analyst revisions that could signal changes in valuation expectations.

EPS

EstBeatMiss
$1.45$1.64$1.83$2.02$2.21Q4'24Q1'25Q2'25Q3'25Q3'26Q4'26
QtrEstActual+/−
Q4'26$2.11 - -
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$1.9BQ4'24Q1'25Q2'25Q3'25Q3'26Q4'26
QtrEstActual+/−
Q4'26$1.8B - -
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 $171.73, giving NetApp, Inc. a market cap of 32.83B and a P/E ratio of 25.7. Today's range spans $171.30–$173.00, with shares opening at $171.70 and moving down $0.27 (0.2%) from the prior close. DailyIQ's technical score sits at 95/100 (BUY) with a news sentiment reading of 81/100.

Over the past year NTAP has traded between $93.69 and $192.83 - the current price is +83.3% off the 52-week low and -10.9% from the high. 29 analysts cover the stock with a Hold consensus and a mean 12-month target of $175.69 (range $137.00–$200.00), implying upside of +2.3%.

The combination of bullish technicals and bullish sentiment for NetApp, Inc. (NTAP) is the kind of setup that shows up in systematic screens before the more discretionary investors arrive. Score 95/100 (BUY), price $171.73 (in the upper portion of its 52-week range), sentiment 81/100. The current P/E ratio stands at 25.7. At 32.83B in Technology market cap, this large-cap name has the right size to matter to a wide range of buyers. Annual range: $93.69–$192.83.

What makes NTAP's BUY setup (95/100) particularly actionable at 32.83B 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 $171.73 (in the upper portion of its 52-week range in $93.69–$192.83), with sentiment running bullish at 81/100, the setup rewards conviction-sized positioning more than it does speculative small bets.