Companies /Technology

Netapp Inc

NASDAQ: NTAP Software - Infrastructure
$231.05
▼ $4.72 (−2.00%) today
Markets closed · 9:30pm ET

24/7 Wall St. View

NTAP at a Glance

Valuation
Market cap
$46.3B
P/E ratio
33.3
Dividend yield
0.91%
Profitability
Revenue (TTM)
$7.4B
Profit margin
19.2%
EPS (TTM)
$7.09
Price
52-week range
$93 – $238
24/7 target
$261.47
Street target
$206.06
Earnings
Next report
Nov 24, 2026

Headquartered in San Jose, CA Fiscal year ends April NASDAQ: NTAP netapp.com

About NetApp

NetApp is an enterprise data infrastructure company that provides storage, data management, and cloud services to organizations worldwide. The company operates through two primary segments: Hybrid Cloud, which delivers on-premises and hybrid storage solutions including all-flash arrays, hybrid-flash systems, and related support and professional services; and Public Cloud, which provides cloud-native data storage and management services embedded in major hyperscaler platforms including Azure NetApp Files. NetApp's core software platform, ONTAP, serves as a unified data management operating system across on-premises and cloud environments. The company serves enterprises seeking to manage, protect, and activate data across hybrid multi-cloud environments, with growing demand driven by AI workload infrastructure, data protection, and cloud migration needs. NetApp generates revenue from hardware product sales, recurring support services, professional services, and cloud consumption-based subscriptions. Updated

Latest Activity

NTAPNetApp
Q1 2027
EPS
$2.58
est $2.12+21.8%
Revenue
$2.02B
est $1.84B+10.3%

AI infrastructure demand is landing on the bottom line: non-GAAP operating margin expanded to 31.9% from 25.7%. Management raised full-year guidance to as much as $8.23 billion in revenue and $10.03 in non-GAAP EPS.

Quarterly EPS — reported vs estimate

NTAP Coverage

Frequently Asked Questions

What does NetApp do?

NetApp is an enterprise data infrastructure company that provides storage, data management, and cloud services to organizations worldwide.

What is the NTAP stock price target?

24/7 Wall St.'s 12-month price target for NTAP is $261.47, rated Buy. The Wall Street consensus target is $206.06. NTAP price prediction →