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Stock·NASDAQ·Technology

NetApp, Inc. (NTAP)

$203.80 -10.90 (-5.08%)
At close: Oct 16, 4:00 PM EDT
Buy
71 / 100
CleaRank AI scorei
Market cap
$40.03B
P/E
28.74
Dividend yield
1.02%
Street target
$197.00median of 20 analysts
52-week range
$93.69 $240.87
01

The short version

Where NTAP stands today, in four lines, and what CleaRank Financial AI makes of it.

NTAP at a glance

NetApp, Inc. (NTAP): Buy, 71/100 on CleaRank's AI score.

  • Trend Up: the price is above both its 50- and 200-day moving averages ($202.05 and $144.61).
  • Earnings NTAP beat estimates in 7 of its last 8 quarters, yet fell the next day after 4 of those beats.
  • Insiders Insiders sold $52.2M and made no open-market purchases over the last 18 months.
  • Valuation P/E of 28.7 against 35.1 for the Technology sector: broadly in line with peers (-18%).

Figures as of October 17, 2026.

CleaRank Financial AI

CleaRank rates NetApp, Inc. (NTAP) Buy, with a model score of 71/100.

The trend lifts the score most: the price is 40.93% above its 200-day average and 0.87% above its 50-day average, and the 50-day average is 39.72% above the 200-day. The 50-day average stands at $202.05 and the 200-day at $144.61. Over the past year the price rose 70.69%.

Only on CleaRank

Figures we compute ourselves from NTAP's own price, earnings and insider-filing history. Tap one to see it in context.

02

Price and trading

The chart, today's range and how far the price has moved over each period.

2.0

Trend checks

4/4
  • Price above its 50-day average ›
    The price of $203.80 is 0.9% above the 50-day simple moving average of $202.05.
  • Price above its 200-day average ›
    The price is 40.9% above the 200-day simple moving average of $144.61.
  • 50-day average above the 200-day ›
    The 50-day average ($202.05) is 39.7% above the 200-day average ($144.61), the arrangement of a rising longer-term trend.
  • In the upper half of its 52-week range ›
    The price sits at 75% of its 52-week range, between $93.69 and $240.87.

NTAP share price

Pick a period: each tab shows how far NTAP has moved over it, to the last close.

Nov '25Jan '26Mar '26Jun '26Aug '26Oct '26
Start $119.40 Oct 16, 2025
Latest close $203.80 Oct 16, 2026
High $239.18 Oct 12, 2026
Low $94.11 Jan 20, 2026

Today's trading

Where NTAP sits inside today's range and its 52-week range.

Day range 5.28% wide
$203.80
$203.56 $214.31
52-week range 75% of the way up
$203.80
$93.69 $240.87
Open
$214.30
Previous close
$214.70
Volume
3.22M
19% above average
Market cap
$40.03B
03

Fundamentals

Valuation against the sector, and the revenue and earnings behind it.

3.0

Valuation and quality checks

5/5
  • P/E below the sector median ›
    The trailing P/E of 28.74 is 18.1% below the Technology median of 35.1.
  • P/S below the sector median ›
    The price-to-sales ratio of 5.42 is 28.7% below the sector median of 7.6.
  • Profitable over the last 12 months ›
    Net income over the last 12 months was $1.4B on revenue of $7.4B, a net margin of 19.2%.
  • Beat estimates in most recent reports ›
    NTAP beat the EPS estimate in 7 of its last 8 reports.
  • Pays a dividend ›
    The trailing dividend yield is 1.02%, or $2.08 a share a year.

Key statistics

The headline figures for NTAP.

Market Cap
40.03B
P/E Ratio
28.74
EPS (TTM)
7.09
Dividend Yield
1.02%
52 Week High
240.87
52 Week Low
93.69

As of October 17, 2026, NTAP trades at $203.80, with a market value of $40.03B, a P/E ratio of 28.74 and a dividend yield of 1.02%.

What the numbers say

CleaRank Financial AI's reading of NTAP's valuation, growth and risks.

Valuation

On earnings, NTAP is valued at 28.74 times, against a median of 35.1 for Technology: broadly in line with peers, with the P/E 18.1% below that median. Measured against sales, the P/S of 5.42 is 28.7% below the sector median of 7.6. For scale, NTAP carries a market value of $40.0B and trailing earnings of $7.09 a share.

Revenue grew 29.90% over the latest year, which is 5.7 percentage points ahead of the 24.2% median for Technology. Profitability shows a net margin of 19.18% and an operating margin of 26.67%. It reports a return on equity of 114.82%, above the sector median of 13.4%. It also reports debt-to-equity of 1.69 and a trailing dividend yield of 1.02% ($2.08 a share a year).

Earnings & Growth

NTAP reported EPS of $2.58 in its latest results, released September 2, 2026. Analysts had expected $2.12, so the company beat the estimate by 21.70%. The share price rose 2.55% in the following session.

The earnings record shows 7 beats in 8 reports, but beats have not guaranteed gains: the stock fell the next day after 4 of them. The consensus EPS estimate stands at $10.01 for this fiscal year and $11.16 for next, growth of 23.1% for the current year.

Key risks

Daily swings are the main risk to plan around. On an average session, NTAP moves 3.15%. The stock is also 15.39% below its 52-week high of $240.87.

NTAP against the Technology sector

How NTAP compares with the median Technology stock CleaRank tracks.

P/E ratio 18% below the median
NTAP
28.7x
Sector median
35.1x
P/S ratio 29% below the median
NTAP
5.4x
Sector median
7.6x
Revenue growth, year on year 5.7 points above the median
NTAP
29.9%
Sector median
24.2%
Return on equity 101.4 points above the median
NTAP
114.8%
Sector median
13.4%

Price to earnings vs sector: Valuation is broadly in line with sector peers (-18% difference), suggesting fair market pricing relative to industry standards.

Return vs XLK: Since May 6, 2025, NTAP has gained 120.9% against a gain of 71.7% for XLK.

Performance against XLK

NTAP and the Technology sector fund over the same days.

Jun '25Sep '25Dec '25Apr '26Jul '26Oct '26
NTAP XLK

Revenue and earnings

How much NTAP sells, and how much of it becomes profit.

Revenue, 12 months
$7.4B
Net income, 12 months
$1.4B
Net margin
19.2%
Revenue growth
+29.9%
latest quarter, year on year
FY202215% marginFY202320% marginFY202416% marginFY202518% marginFY202618% margin
Revenue Net income

Revenue growth: Revenue grew 5.4% in FY2026 to $6.9B, from $6.6B a year earlier.

Profit margin: The net margin was 18.4% in FY2026, up from 18.0% the year before.

Profitable: NTAP earned $1.3B in FY2026.

Earnings reality check

Did NTAP beat what analysts expected, and how did the stock react?

Beat the estimate
7 of 8
last 8 reports
Fell after a beat
4 of 7
first session after the report
Average surprise
+6.0%
actual EPS against the estimate
Avg. first-session move
+1.0%
the stock, after the report
EPS surprise
First-session move
Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Sep '26

Earnings record: NTAP beat the analyst estimate in 7 of the last 8 quarters.

Market reaction: The stock fell in the first session after 4 of those 7 beats, so a beat has not been enough on its own.

NTAP earnings surprises and the stock's reaction
Report Estimate Actual Surprise First session 5 sessions
Sep 2, 2026after close $2.12 $2.58 +21.70% +2.55% +1.57%
May 28, 2026after close $2.27 $2.43 +7.05% +22.39% +25.61%
Feb 26, 2026after close $2.06 $2.12 +2.91% -0.11% +3.00%
Nov 25, 2025after close $1.88 $2.05 +9.04% -2.00% +2.85%
Aug 27, 2025after close $1.54 $1.55 +0.65% +4.54% +5.98%
May 29, 2025after close $1.90 $1.93 +1.58% -0.05% +5.43%
Feb 27, 2025after close $1.91 $1.91 +0.00% -15.57% -22.30%
Nov 21, 2024after close $1.78 $1.87 +5.06% -3.43% -3.19%

As of October 17, 2026, NTAP has beaten the analyst EPS estimate in 7 of its last 8 reported quarters and fell in the first trading session after 4 of those beats; its latest report, on September 2, 2026, came in 21.70% above the estimate and the stock moved +2.55% in the first session.

The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.

04

AI analysis and technicals

CleaRank's score and reasoning, the indicators behind it, and what the price moves with.

4.0

Momentum checks

2/3
  • RSI not overbought or oversold ›
    The 14-day RSI is 43.6, in neutral territory.
  • RSI above 50 ›
    An RSI of 43.6 is below the 50 midpoint, so sellers have had the upper hand over the last 14 days.
  • MACD line above zero ›
    The MACD line is positive, so the 12-day average is above the 26-day average.

CleaRank AI analysis of NTAP

The score, the reasoning behind it, and what could move the price next.

Company's health
4/5
12-month analyst target
$197.00
-3.34% below price · median of 20 analysts
AI analyst consensus
71/100
Buy
What the AI sees

NTAP is in an uptrend on the averages: the price of $203.80 sits 0.87% above its 50-day average of $202.05 and 40.93% above its 200-day average of $144.61. Both averages lie beneath the price. The stock trades at 75% of its 52-week range, which leaves it 15.39% below the 52-week high of $240.87.

Over the past month the price has climbed 6.43%, over three months 24.36%, and over the past year 70.69%. Momentum is middling: the 14-day RSI sits at 43.6, in the neutral zone, while the MACD line is positive.

Catalysts
Rewards
  • Earnings beat ›

    The September 2, 2026 report beat the EPS estimate by 21.70%, and the share price rose 2.55% in the first session after it.

    Source: Earnings report, September 2, 2026
  • Analyst upgrade ›

    Evercore ISI Group upgraded it to Outperform from In-Line on October 7, 2026.

    Source: Analyst action, Evercore ISI Group, October 7, 2026
Risks

No risks flagged.

ProTips
  1. Keep an eye on the two closest levels. The 20-day EMA at $216.69 sits above the price, and the 50-day SMA at $202.05 sits below it.
  2. The 14-day RSI reads 43.6, in the neutral zone, with the MACD line positive; readings above 70 or below 30 mark stretched momentum.
  3. Following the September 2, 2026 report, the share price gained 2.55% in the first session. Across the last 8 reports, NTAP has beaten estimates 7 times.
Market outlook

NTAP trades above its 50-day and 200-day moving averages ($202.05 and $144.61), which is what makes the trend up; losing the 50-day would be the first warning. The nearest level under the price is the 50-day SMA at $202.05.

The nearest level above the price is the 20-day EMA, at $216.69.

Technical indicators

Momentum and trend for NTAP, from its daily closes.

Technical rating Bullish 3 of 4 signals bullish
  • RSI Neutral
  • SMA cross Bullish
  • Price vs SMA Bullish
  • MACD Bullish
Momentum Neutral
43.614-day RSI
Oversold <30 Neutral Overbought >70
MACD (12, 26) 7.25 Bullish
Trend Golden cross
+0.9%price against the 50-day average
200-day $144.61 50-day $202.05 Price $203.80
Price against the 200-day +40.9% Bullish

As of October 17, 2026, with NTAP at $203.80, its 14-day RSI is 43.6 (neutral territory), its 50-day simple moving average is $202.05 and its 200-day is $144.61.

Calculated by CleaRank on daily closes as of October 17, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).

What NTAP moves with

Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.

-1 0 +1
S&P 500 (SPY) +0.51 Moderate
Nasdaq 100 (QQQ) +0.51 Moderate
Bitcoin (BTC) +0.16 Weak
Gold (XAU) +0.04 Weak

As of October 17, 2026, NTAP's 1-year correlation of daily returns is +0.51 with S&P 500 (SPY), +0.51 with Nasdaq 100 (QQQ), +0.16 with Bitcoin (BTC) and +0.04 with gold (XAU).

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05

What Wall Street expects

The analysts' target range and how their ratings split.

5.0

Analysts checks

1/3
  • Most analysts rate it a buy ›
    9 of 20 analysts rate it a buy or strong buy, 11 a hold and 0 a sell.
  • Median target above the price ›
    The median 12-month target of $197.00 is 3.3% below the price.
  • More buy ratings than three months ago ›
    9 of 20 rate it a buy now, against 8 of 20 three months ago.

NTAP Wall Street View

12-month price targets

Low $170.00 Median $197.00 (-3.3%) High $300.00

Ratings

Buy 9 Hold 11 Sell 0 3 months ago: 8 of 20 buy

Recent rating actions

Recent analyst rating actions on NTAP
Date Firm Action Rating
Oct 7, 2026 Evercore ISI Group Upgrade Outperform
Oct 6, 2026 TD Cowen Maintains Buy
Oct 2, 2026 Loop Capital Maintains Buy
Sep 30, 2026 B of A Securities Maintains Neutral
Sep 3, 2026 Northland Capital Markets Maintains Outperform
Sep 3, 2026 Citigroup Maintains Neutral

As of October 17, 2026, 20 Wall Street analysts cover NTAP: 9 rate it a buy or strong buy, 11 a hold and 0 a sell or strong sell. Their 12-month price targets range from $170.00 to $300.00, with a median of $197.00, 3.3% below the price of $203.80.

Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.

06

A trade plan, if you want one

Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.

NTAP trade plan

Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.

Your bias
Risk per trade 2%
Conservative Aggressive
Portfolio value
$
Position size: Enter portfolio size →

Long entry pick an entry style

Conservative
$199.72
2% below current price (Pullback entry)
Lower risk, wait for pullback
Aggressive
$203.80
Buy at current price
Higher risk, immediate entry

Risk management

Stop loss
$183.91
Max loss
-7.9%
Volatility-adjusted stop Set from the RSI (43.6) and recent volatility.

Profit targets (Based on Conservative Entry)

Target 1
$209.71
+5% (Conservative) +2.9% (Aggressive)
Target 2
$219.70
+10% (Conservative) +7.8% (Aggressive)
Target 3
$229.68
+15% (Conservative) +12.7% (Aggressive)

NTAP moves about 3.2% a day on average, so a stop can fill well past its level. Educational levels, not financial advice; the full disclaimer is at the foot of the page.

Risk profile

How much NTAP tends to move, against the market and on its own.

Daily volatility
3.15%
30-day standard deviation
52-week range
$203.80
$93.69 75% of the way up $240.87

Compare NTAP

Put NTAP side by side with other stocks and benchmarks.

07

The long record

NTAP's worst falls and recoveries, what $10,000 became, and which months have been kind to it.

7.0

Track record checks

3/4
  • Average daily move under 2% ›
    The price has moved 3.15% on an average day (30-day standard deviation of daily returns).
  • Recovered from its worst fall ›
    The worst fall was 56.6%, from August 2018 to March 2020, regained by May 2021.
  • Most 1-year holds ended higher ›
    62% of 1-year holding periods in the last 10 years ended with a gain.
  • Beat the S&P 500 since the chart begins ›
    $10,000 invested in October 2016 is now worth $77,626, against $42,055 in the S&P 500 (SPY).

NTAP Drawdowns & Recovery

Worst fall, last 10 years
-56.6%
August 2018 to March 2020
Recovery
14 months
back at the old peak by May 2021
From the 10-year high
-14.8%
highest close, October 2026
1-year holds that gained
62%
of every 1-year window

As of October 17, 2026, NTAP's worst peak-to-trough fall over the last 10 years with dividends reinvested was -56.6% (August 2018 to March 2020); it regained that peak by May 2021, 14 months after the low, and 62% of 1-year holding periods ended with a gain.

From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.

Growth of $10,000

What $10,000 put into NTAP in October 2016 is worth now, against the same amount in the S&P 500.

NTAP today
$77,626
from $10,000 in October 2016, dividends reinvested
S&P 500 today
$42,055
the same $10,000 in SPY
Ahead of the index by
$35,571
1.8x the index result
Total change
+676%
7.8x the starting amount
20182020202220242026
NTAP S&P 500 (SPY)

Against the market: NTAP beat the S&P 500 over this period: $77,626 against $42,055.

A $10,000 investment in NTAP in October 2016 would be worth about $77,626 today with dividends reinvested, compared with about $42,055 for the same investment in the S&P 500 benchmark (also with dividends reinvested).

Seasonal patterns

Which calendar months have been kind to NTAP, and which have not.

Jan6/10 upFeb5/10 upMar6/10 upApr6/10 upMay8/10 upJun7/10 upJul6/10 upAug5/10 upSep8/10 upOct3/9 upNov7/10 upDec4/10 up

Strongest month, November: an average of +6.81%, up in 7 of 10 years.

Weakest month, February: an average of -0.63%, up in 5 of 10 years.

This month, October: has averaged -0.57%, up in 3 of 9 years. Past seasonality does not repeat on schedule.

Over the last 10 years, NTAP's strongest calendar month has been November (average +6.81%, up in 7 of 10 years) and its weakest February (average -0.63%, up in 5 of 10 years).

Average return for each calendar month over the last 10 years, from weekly closing prices with dividends included.

08

Long-term scenarios

Thousands of simulated paths from the price history. A range of outcomes, not a forecast.

Monte Carlo projection

Thousands of simulated paths for $10,000 in NTAP, from its own past volatility. The shaded area holds 80% of them.

Downside, 2036
$6,120
10th percentile
Base case, 2036
$26,444
median path
Upside, 2036
$114,259
90th percentile
202620282030203220342036
Upside (90th) Base case (median) Downside (10th) 10th to 90th percentile

CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in NTAP today could grow to about $26,444 by 2036 in the base case, with a 90th-percentile outcome near $114,259 and a 10th-percentile outcome around $6,120. The simulation models price only; at today's 1.02% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.

NTAP Stock Price Prediction: 2030

The same simulation in share prices, year by year.

Price today
$204
Base case, 2030
$301
1.5x over 4 years
Range, 2030
$119 to $759
10th to 90th percentile

CleaRank's simulation projects a price near $301 for NTAP by 2030 in the base case, from $204 today (1.5x over 4 years). The 10th-percentile path ends near $119. These are outcomes of a Monte Carlo simulation run on NTAP's historical return distribution, not price targets, and they assume no dividends are reinvested.

NTAP simulated price paths by year
Year 10th percentile Base case 90th percentile range base today
2027 $141 $225 $357
2028 $129 $248 $476
2029 $122 $273 $608
2030 $119 $301 $759
2031 $118 $331 $933

Method: a lognormal simulation of NTAP's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.

09

Insider trading

What the people running the company have bought and sold.

NTAP insider trading

Shares the company's directors and officers bought and sold, from their own filings.

Bought
None
no open-market buys
Sold
$52.2M
44 open-market sales
Insiders filing
16
over the last 18 months
Average trade
$1.2M
buys and sales together

Month by month

Open-market purchases above the line, sales below.

May '25Aug '25Nov '25Feb '26May '26Aug '26Oct '26

Insider buying: No insider bought NTAP shares on the open market in the last 18 months. Sales are often planned in advance or cover tax on vesting shares, so they say less than purchases would.

As of October 17, 2026, NTAP insiders reported 44 open-market sales worth $52.2M and no open-market purchases over the last 18 months; grants and option exercises are not counted.

Insider transactions in NTAP
Date Insider Type Shares Value
Oct 2, 2026
Carrie Palin
Director
Sell 5.0K $1.1M
Oct 1, 2026
George Kurian
Chief Executive Officer
Sell 10.0K $2.1M
Oct 1, 2026
Gerald D Held
Director
Sell 5.8K $1.2M
Sep 29, 2026
George Kurian
Chief Executive Officer
Sell 50.0K $10.5M
Sep 24, 2026
George Kurian
Chief Executive Officer
Sell 37.0K $7.4M
Sep 21, 2026
George Kurian
Chief Executive Officer
Sell 13.0K $2.6M
Sep 21, 2026
Deepak Ahuja
Director
Sell 3.5K $690.0K
Sep 14, 2026
George Kurian
Chief Executive Officer
Sell 40.0K $7.7M
Sep 14, 2026
Deepak Ahuja
Director
Sell 3.5K $684.2K
Sep 11, 2026
Thomas Michael Nevens
Director
Sell 5.9K $1.2M
Page 1 of 10

Source: TwelveData, from SEC Form 4 filings

10

Questions people ask

Answered from the figures on this page, as of October 17, 2026.

Frequently Asked Questions

Is NetApp, Inc. (NTAP) a buy right now?
CleaRank rates NTAP Buy, on a model score of 71/100. Most of the lift comes from the trend, as the price is 40.93% above its 200-day average and 0.87% above its 50-day average, and the 50-day average is 39.72% above the 200-day. None of the factors in the model reads negative. This describes the data on this page and is not a personal recommendation.
How has NetApp, Inc. (NTAP) performed over the past year?
The share price is up 70.69% over one year. Shorter stretches show gains too: 24.36% over three months and 6.43% over the past month. Today it sits 15.39% under its 52-week high of $240.87.
What are the key price levels for NTAP?
Overhead, the first level is the 20-day EMA at $216.69, followed by the 52-week high at $240.87. Underneath the price, the 50-day SMA at $202.05 comes first and the 200-day SMA at $144.61 second.
Is NTAP expensive compared with Technology stocks?
NTAP's trailing P/E of 28.74 is 18.1% below the Technology median of 35.1. The peer comparison on this page calls that broadly in line with peers. The price-to-sales ratio of 5.42 is 28.7% below the sector median of 7.6. Those medians are drawn from 111 stocks across the entire sector, not just close competitors.
Does NTAP pay a dividend?
Yes. The trailing dividend yield on NTAP is 1.02%, equal to $2.08 a share per year. Because a yield is the dividend divided by the price, it moves whenever either of those figures moves.
What do Wall Street analysts think of NTAP?
Among the 20 analysts who cover NTAP, 9 rate it a buy, 11 a hold, and none a sell. The median 12-month price target is $197.00, which is 3.3% below the current price.
How often has NTAP beaten earnings estimates?
NTAP beat the EPS estimate in 7 of the last 8 reports in our data. The share price fell in the first session after 4 of those 7 beats.
How volatile is NTAP?
NTAP's price moves 3.15% on an average day, measured as the 30-day standard deviation of daily returns.
Are NTAP insiders buying or selling?
Insiders sold $52.2M of stock over the last 18 months and made no open-market purchases. Sales like these are frequently scheduled ahead of time or used to cover taxes on vesting shares, which makes them a weaker signal than buying would be.
What is the 52-week range of NTAP?
Over the past 52 weeks NTAP has ranged from $93.69 to $240.87. At $203.80, the stock is at 75% of that band, 117.53% above the low and 15.39% below the high.

Disclaimer: CleaRank.com is a financial data and analytics provider, not a registered investment advisor, broker-dealer, or financial regulatory body. The stock analysis, trade plans, and AI-generated signals presented for NTAP are for educational and informational purposes only and do not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All trade setups and performance metrics shown are hypothetical, hindsight-based, and simulated. They do not represent actual trades made by CleaRank or its affiliates. Stock prices can be volatile and are subject to market, economic, and company-specific risks. Market data is provided "as-is" and may be delayed by 15 minutes or more. We do not guarantee the accuracy, completeness, or timeliness of any data. You should never invest money you cannot afford to lose. Past performance does not guarantee future results. Consult a qualified financial advisor before making any investment decisions. Analysis generated on October 17, 2026.

Disclaimer:

Engaging in financial markets carries significant risk of total capital loss. Markets are volatile, unpredictable, and past success does not guarantee future results. Never invest funds you cannot afford to lose. CleaRank does not offer financial, investment, or advisory services. We provide no recommendations, endorsements, or guarantees regarding market outcomes. You alone are responsible for your decisions.

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