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NTNTAP

NetApp, Inc.

$NTAP·$47B·Computer Hardware·Technology
$214.70-3.4%YTD+122.0%1Y+76.8%
Price updated 7h ago·X counts updated 4d ago
NTNTAP
$NTAPNetApp, Inc.
$214.70-3.38%295 posts1×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $NTAP on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

295X posts · last 7 days
Sep 28Oct 11
Chatter Meter
1×
QuietNormal · 1×Loud

How loud $NTAP's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Mixed sentiment⚠AI analysisGenerated by AI from underlying data12 posts analyzed · as of 2026-09-10 · top-engagement diverged

NetApp chatter covers a Q1 FY27 revenue print of $2.03 billion up 30% year-over-year with adjusted EPS beating handily, sold off roughly 8% on implied H2 deceleration to 9% growth from over 20%. Evercore ISI kept an In Line rating with a $210 target while bulls see the shakeout as buyable alongside DELL and HPE.

Read what X is saying about $NTAP

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $NTAP — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Proven numbersAcceleratingAI verdict · as of 2026-10-03

The move is getting stronger, with heavier trading behind it.

NetApp has doubled this year on AI-data-storage demand — CEO Kurian just sold $20M+ in September.

NetApp is the public pure-play enterprise storage vendor — hybrid cloud, flash, and the AI data pipeline that hyperscalers and enterprises run on. The stock has doubled this year, with Q1 fiscal 2027 revenue +12% YoY confirming the AI-storage cycle.

  • Growth is accelerating: fiscal Q1 2027 revenue of $1.95B at +12.5% YoY after +4% in Q4 — the AI-workload mix is pulling the top line higher, with 2027 consensus revenue of $7.0B.
  • EPS beats are compounding: last four prints at +22%, +7%, +3%, +9% — the operating-margin leverage (27%) is landing on the premium-mix shift, and 2027 consensus EPS of $9.70 against a $226 stock gives a 23x forward multiple.
  • CEO Kurian sold $20.5M in September across three transactions ($10.5M Sep 29, $7.4M Sep 24, $2.6M Sep 21): this is the largest C-suite distribution in NTAP's recent history, right at 96% of the 52-week range — a visible counter-signal to the "all-in on AI-storage" momentum narrative.

A Dec 1 fiscal Q2 print with AI-storage mix commentary firming and FY27 EPS guide above $9.70 extends the run; another H2 FY27 guide downshift or a continued CEO cluster of selling and the stock gives back a chunk.

Agrees with X sentimentX is mixed and reasonably so — bulls on Q1 FY27 revenue of $2.03B up 30% YoY and adjusted EPS beats; bears on implied H2 deceleration to 9% from over 20%. Evercore's In-Line rating with $210 target is honest. The crowd under-weights the $20.5M CEO Kurian September selling that lands exactly at the top of the range.

What to watch: Dec 1 fiscal Q2 2027 earnings — AI-storage mix contribution, 2027 revenue tracking consensus $7B, operating margins above 27%, and any further CEO Kurian selling. A clean beat with AI-storage mix growing extends the move; a H2 FY27 guide downshift extends the pullback.

On the calendar: 2026-12-01 — fiscal Q2 2027 earnings

Read the AI verdict on $NTAP

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Sells ONTAP cloud storage software and hybrid flash arrays helping enterprises manage data across on-premises and cloud.

Industry overviewAI analysisGenerated by AI from underlying data

Where Computer Hardware sits in its cycle right now — and what that implies for $NTAP.

Computer Hardware · Technology

No material change from last week — hyperscaler AI server capex continues to drive the cycle.

What this means for $NTAP

Neutral — Sells ONTAP cloud storage software and hybrid flash arrays helping enterprises manage data across on-premises and cloud.

Top industry ETF

$SOXXiShares Semiconductor ETF
+83.9%YTD
+78.9%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
25.8How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
19.2%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
24.1%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
5.6%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
4.8Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
114%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
70.7%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
1.8Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Sep 2, 2026$2.58$2.12+21.7%
Q1 2026May 28, 2026$2.43$2.27+7.0%
Q4 2025Feb 26, 2026$2.12$2.06+2.9%
Q3 2025Nov 25, 2025$2.05$1.88+9.0%
Next earningsTue, Dec 1·consensus EPS $2.60

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q4 FY26$1.9B+12.5%70.1%27.3%$2.05$900.0M
Q3 FY26$1.7B+4.4%70.6%25.2%$1.69$271.0M
Q2 FY26$1.7B+2.8%72.0%23.4%$1.53$78.0M
Q1 FY26$1.6B+1.2%70.4%19.8%$1.16$620.0M

Forward consensus

7-year forecast · up to 14 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$6.8B$6.8B – $6.9B$7.98$7.95 – $8.0212
FY26$6.8B$6.8B – $6.9B$7.98$7.95 – $8.0214
FY27$8.2B$8.0B – $8.6B$10.00$9.79 – $10.9414
FY27$7.2B$7.0B – $7.9B$8.55$7.95 – $8.9414
FY28$8.7B$8.3B – $9.5B$11.10$10.62 – $12.8014
FY28$7.6B$7.6B – $7.6B$9.41$9.06 – $9.7712
FY29$9.3B$8.5B – $10.2B$12.30$11.73 – $12.878

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.0×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.82%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+6.4%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+49.0%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 195.4M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.4% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.455-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellOct 12Elizabeth M O'callahanEVP, Chief Admin. Officer1.0K sh$237KSellOct 2Carrie PalinDirector5.0K sh$1.1MSellOct 1Gerald HeldDirector5.8K sh$1.2MSellOct 1George KurianCEO10.0K sh$2.1MSellSep 29George KurianCEO50.0K sh$10.5MSellSep 24George KurianCEO37.0K sh$7.4MSellSep 21George KurianCEO13.0K sh$2.6MSellSep 21Deepak AhujaDirector3.5K sh$690KSellSep 14Deepak AhujaDirector3.5K sh$684KSellSep 14George KurianCEO40.0K sh$7.7M
1–10 of 20
+ 54 other (20 awards · 18 exempts · 16 inkinds) in window

See when $NTAP insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KCharter amendmentSep 118-K — Item 3.03 · Item 5.03: Charter amendment · Item 5.07: Shareholder vote
AI summary

NetApp disclosed that its 2026 Annual Meeting shareholders adopted an amended and restated certificate of incorporation including officer exculpation provisions consistent with current Delaware law, and updated bylaws. All board nominees were elected, executive compensation advisory votes were cast, and auditors were ratified. These represent standard annual meeting outcomes plus Delaware-mandated governance housekeeping on officer liability provisions.

+ 13 other (2 proxys · 2 13Gs · 1 S-8 · 1 10-Q) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Here is What to Know Beyond Why NetApp, Inc. (NTAP) is a Trending Stockzacks.com·18h agoNetApp (NTAP) Registers a Bigger Fall Than the Market: Important Facts to Notezacks.com·1d agoA Look at NetApp Inc (NTAP) After 7.0% Decline -- GF Value $135.89 vs Price $222.20gurufocus.com·1d agoDell, HPE and NetApp Stocks Slump After Downgrades on Worries About AI Spendinginvestopedia.com·2d agoNetApp Stocks Fall 6% as Barclays' Downgrade Meets a Cash-Flow Gapgurufocus.com·2d ago

In themes

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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