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NTNTAP

NetApp, Inc.

$NTAP·$37B·Computer Hardware·Technology
$186.98-1.9%YTD+76.9%1Y+70.0%
Mentions · last 7 days
2026-08-18: 25 posts2026-08-19: 14 posts2026-08-20: 15 posts2026-08-21: 12 posts2026-08-22: 3 posts2026-08-23: 2 posts95-18%
Price updated 4m ago·X counts updated 5d ago
NTNTAP
$NTAPNetApp, Inc.
$186.98-1.92%95 posts-18%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $NTAP, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersAcceleratingAI verdict · as of 2026-08-28

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

NetApp is the AI-storage hardware leader printing fresh highs — 77% YTD and September 2 earnings decide the next leg.

NetApp is one of the two dominant enterprise data-storage companies (with Pure Storage in flash and Dell in hybrid), plus a growing Public Cloud business selling storage services on hyperscaler platforms. Up 77% YTD as the AI-storage narrative pulled the hardware cohort along with it.

What's driving the run:

  • The mechanics are strong: Q4 (fiscal ending 4/24) revenue was $1.95B growing 12% YoY at 70% gross margin, four straight EPS beats averaging 5%, TTM ROIC of 19% — that's genuine SaaS-adjacent economics on a hardware base.
  • Position at 84% of 52-week range plus 48% above the 200-DMA reflects real institutional accumulation into the AI-storage-inflection story, and NTAP hit $199.63 (near $199.87 local resistance) on a healthy 15-min breakout structure with $196.95 as demand floor.
  • The technical setup is confirming: NTAP alongside HPE/ANET printing fresh new highs before the broader market, with DELL following behind — that's the leader-follower dynamic that typically confirms broader cohort strength.
  • The counterweight is a small insider cluster: officer Cesar Cernuda sold $533K on 8/19 plus F-InKind $424K on 8/18, officer Wissam Jabre F-InKind $140K on 8/18, and Syam Nair M-Exempt 85K shares — those are option-exercise-and-sell events but the direction is not confirmatory.

September 2 Q1 FY27 earnings decide direction — a beat on $2.12 EPS plus continued Public Cloud momentum extends the tape upward. What breaks it: a Q1 revenue miss, a Public Cloud growth decel below 15%, or a hardware inventory-correction headline.

Agrees with X sentimentThe bullish X frame on NTAP/HPE/ANET printing fresh new highs before the broader market, the 8-week support base leading to new highs, and the healthy 15-minute breakout structure is directionally right. The 'broader tech looks weak apart from hardware leaders' observation is fair.

What to watch: September 2 Q1 FY27 earnings — a beat plus continued Public Cloud momentum extends the tape. Q1 revenue miss, Public Cloud growth decel below 15%, or hardware inventory-correction headline is what breaks it.

On the calendar: 2026-09-02 — Q1 FY27 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment7 posts analyzed · as of 2026-08-18

Chatter is bullish on NetApp. Traders describe NTAP alongside HPE and ANET as the first names to print fresh new highs before the broader market, with DELL following behind — an 8-week support base leading to relative-strength new highs. Technical color notes NTAP hitting $199.63 after probing local resistance at $199.87 on a healthy 15-minute breakout structure off a $196.95 demand floor, with watchers looking for acceptance above $200. A skeptic notes broader tech looks weak apart from the hardware leaders — NTAP, HPE, and DELL.

Read the AI verdict + X sentiment for $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)
  • X crowd read with bullish/bearish call + post volume
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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 — STX and WDC (SanDisk spinoff) benefit from LLM training requiring petabyte-scale nearline storage infrastructure.

What this means for $NTAP

Partial — Sells ONTAP cloud storage software and hybrid flash arrays helping enterprises manage data across on-premises and cloud; partial earnings exposure to computer hardware demand dynamics through its product portfolio.

Top industry ETF

$SOXXiShares Semiconductor ETF
+75.7%YTD
+109.1%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
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%
Q2 2025Aug 27, 2025$1.55$1.54+0.6%
Next earningsWed, Sep 2·consensus EPS $2.12

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$7.5B$7.4B – $7.6B$8.91$8.86 – $9.0414
FY27$7.2B$7.0B – $7.9B$8.55$7.95 – $8.9414
FY28$7.9B$7.6B – $8.3B$9.84$9.19 – $10.5014
FY28$7.6B$7.6B – $7.6B$9.41$9.06 – $9.7712
FY29$8.3B$8.1B – $8.5B$10.52$10.24 – $10.945

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.0.9×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.84%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.+8.7%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.+48.5%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 194.9M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.1% 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.β1.435-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

SellAug 17Cesar CernudaPresident2.6K sh$533KSellAug 10Elizabeth M O'callahanEVP, Chief Admin. Officer1.0K sh$194KSellJul 10Elizabeth M O'callahanEVP, Chief Admin. Officer1.0K sh$171KSellJun 23Cesar CernudaPresident49.5K sh$7.7MSellJun 10Elizabeth M O'callahanEVP, Chief Admin. Officer1.0K sh$163KSellJun 3Gerald HeldDirector7.1K sh$1.3MSellMay 18De Lorenzo DanielVP, Controller & CAO275 sh$33KSellMay 11Elizabeth M O'callahanEVP, Chief Admin. Officer1.0K sh$118KSellApr 10Elizabeth M O'callahanEVP, Chief Admin. Officer1.0K sh$96KSellMar 10Elizabeth M O'callahanEVP, Chief Admin. Officer1.0K sh$101K
+ 40 other (17 inkinds · 12 exempts · 11 awards) 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
Free, forever. No credit card.

SEC filings

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

No material 8-K / SC 13D / S-3 / 424B5 filings in the last 180 days.

+ 10 other (3 13Gs · 2 proxys · 1 ARS · 1 PRE 14A) in window

Recent news

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

NetApp (NTAP) Stock Falls Amid Market Uptick: What Investors Need to Knowzacks.com·1d agoThe Week Ahead: August Jobs Report Takes Center Stageschaeffersresearch.com·1d agoWill NetApp's Public Cloud Business Maintain Its Growth Momentum?zacks.com·1d agoNetApp (NTAP) Just Overtook the 20-Day Moving Averagezacks.com·1d agoSMCI vs. NTAP: Which Stock Is the Better Value Option?zacks.com·2d ago

In themes

Explore the broader themes this ticker is being talked about under.

AI Infrastructure

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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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