NetApp stock
NTAPNASDAQNetApp, Inc., TechnologyISIN US64110D1046
76Score 76 out of 100, Strong
Price and trend
66 / 100
Price history
+67% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 21% above it.
Since May 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 35).
The price is 22% below its 52-week high. Largest decline in 20 years: 74% (February 2007 to November 2008).
Chart figures for advanced users
- SMA 50$203.90
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$153.69
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)35
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$94.11
- The lowest closing price of the last twelve months.
- Resistance$239.18
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- NetApp, Inc. belongs to the Computer Hardware industry (United States) and, with a market value of $36.55B, is number 10 of 46 companies in its industry on MEQIRI.
- In fiscal 2026 it reported revenue of $6.93B (up 5.4% year on year) and earnings of $1.28B (up 7.6%).
- For fiscal 2027, analysts expect on average revenue of $8.19B (up 18.2%) and adjusted earnings per share of $10.02 (up 22.9%).
Show more
- MEQIRI Score 76 out of 100 (Strong): rank 99 of 857 in Technology, median 61.
- The P/E is 26.3 (Computer Hardware median 19.4, own median of recent years 16.9).
- Our model puts fair value at $141.70, with the price 29% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Share buybacksShare count down 11% since 2021.Capital allocation 87
- Reliable dividendNo dividend cut for 13 years.Capital allocation 87
- Consistently profitableProfit in all 10 fiscal years from 2017 to 2026.Fundamentals 97
Weaknesses
- High debtDebt 1.69 times equity (latest quarter), Computer Hardware median 0.06.Stability 59
- Richly valuedP/E 26.3, Computer Hardware median 19.4, own median 16.9.Valuation 45
- Volatile share priceVolatility 48% a year over the last 12 months.Stability 59
Its standout strengths are fundamentals and profitability, while valuation holds the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 75 to 76.
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among stocks ranked 101 to 1,000.
From 2016 to 2025, 13 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- high price swings
- price up very strongly over the past year
What lowers it
- solid fundamentals
Valuation
Valuation signal
Modestly overvaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $101.21 and expensive above $236.17 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $145.71 (cash-flow model) and $137.69 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 11.3%. At 12.3% the fair value would be $132.78, at 10.3% it would be $153.40.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (19.4).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 31 Jul 2026, revenue rose 12.2% on the twelve months before. Revenue has grown solidly since 2007, at about 5% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2026: gross 71%, operating 24%, net 18%.
Debt & balance sheet
latest quarterMeaningfully leveraged, but the interest bill is comfortably covered.
Earnings
- Next earnings
- 1 Dec 2026in 19 days
- Last reported
- 2 Sep 2026EPS reported $2.58 (expected $2.12)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $10.02+0.2%
- Revenue
- $8.19B+0.1%
- Earnings per share
- $11.16+0.3%
- Revenue
- $8.72B+0.3%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +1.2%The outlook was materially raised, with fiscal 2027 revenue now $7.975 billion to $8.225 billion, $650 million above the prior guidance at the midpoint.
“We now expect fiscal year 2027 revenue to be in the range of $7.975 billion to $8.225 billion. At the $8.1 billion midpoint, this represents 17% year-over-year growth and an increase of $650 million compared to our prior guidance.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 2 Sep 2026 (fiscal Q1 2027), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 8 insiders sold, $45.55M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- O'Callahan Elizabeth MSale
12 Oct 2026, EVP, Chief Admin. Officer
- Shares
- 1,000
- Price
- $237.42
- Value
- $237,420
- Palin CarrieSale
2 Oct 2026, Board
- Shares
- 5,000
- Price
- $216.43
- Value
- $1.08M
- Held GeraldSale
1 Oct 2026, Board
- Shares
- 5,757
- Price
- $212.00
- Value
- $1.22M
Show 16 more
- Kurian GeorgeSale
1 Oct 2026, CEO
- Shares
- 10,000
- Price
- $210.04
- Value
- $2.1M
- Kurian GeorgeSale
29 Sept 2026, CEO
- Shares
- 50,000
- Price
- $209.95
- Value
- $10.5M
- Kurian GeorgeSale
24 Sept 2026, CEO
- Shares
- 37,000
- Price
- $199.95
- Value
- $7.4M
- Kurian GeorgeSale
21 Sept 2026, CEO
- Shares
- 13,000
- Price
- $200.01
- Value
- $2.6M
- Ahuja DeepakSale
21 Sept 2026, Board
- Shares
- 3,450
- Price
- $200.00
- Value
- $690,000
- Ahuja DeepakSale
14 Sept 2026, Board
- Shares
- 3,526
- Price
- $194.04
- Value
- $684,185
- Kurian GeorgeSale
14 Sept 2026, CEO
- Shares
- 40,000
- Price
- $191.42
- Value
- $7.66M
- Nevens Thomas MichaelSale
11 Sept 2026, Board
- Shares
- 5,940
- Price
- $195.21
- Value
- $1.16M
- O'Callahan Elizabeth MSale
10 Sept 2026, EVP, Chief Admin. Officer
- Shares
- 1,000
- Price
- $184.74
- Value
- $184,740
- Cernuda CesarSale
17 Aug 2026, President
- Shares
- 2,608
- Price
- $204.48
- Value
- $533,290
- O'Callahan Elizabeth MSale
10 Aug 2026, EVP, Chief Admin. Officer
- Shares
- 1,000
- Price
- $193.82
- Value
- $193,820
- O'Callahan Elizabeth MSale
10 Jul 2026, EVP, Chief Admin. Officer
- Shares
- 1,000
- Price
- $170.92
- Value
- $170,920
- Cernuda CesarSale
23 Jun 2026, President
- Shares
- 49,464
- Price
- $154.82
- Value
- $7.66M
- O'Callahan Elizabeth MSale
10 Jun 2026, EVP, Chief Admin. Officer
- Shares
- 1,000
- Price
- $163.48
- Value
- $163,480
- Held GeraldSale
3 Jun 2026, Board
- Shares
- 7,132
- Price
- $180.00
- Value
- $1.28M
- De Lorenzo DanielSale
18 May 2026, VP, Controller & CAO
- Shares
- 275
- Price
- $120.00
- Value
- $33,000
Partial trades from one filing are shown in one row, with the average price.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at NetApp
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
857 rated companies in Technology
- This company
- 76
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Computer Hardware
The next larger and next smaller companies by market value
- Hygon Information Technology688041.SS $68.28B52
- Hewlett Packard EnterpriseHPE $66.7B62
- Hangzhou Hikvision Digital Technology002415.SZ $47.06B76
- Quanta Computer2382.TW $37.19B62
- EverpureP $35.49B55
- Lenovo Group0992.HK $31.99B52
- Wiwynn6669.TW $29.64B65
- HPHPQ $26.12B68
ETFs that hold NetApp
Held by 154 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Invesco Artificial Intelligence Enablers UCITS ETF AccumUSDIVAI | 2.62% | 0.35% | €35.63M |
| Amundi Global Memory Chips UCITS ETF AccDRUP | 2.23% | 0.45% | €413.53M |
| Invesco NASDAQ Next Generation 100 UCITS ETF AccEQQJ | 1.76% | 0.25% | €44.3M |
Show 5 more
| Franklin Global Quality Dividend UCITS ETFFLXX | 1.35% | 0.30% | €127.44M |
| iShares Digitalisation UCITS ETF2B79 | 1.34% | 0.40% | €726.22M |
| State Street SPDR MSCI USA Value UCITS ETF USD AccZPRU | 1.24% | 0.20% | €294.97M |
| Amundi MSCI Robotics & AI UCITS ETF AccGOAI | 0.79% | 0.40% | €1.14B |
| Amundi MSCI Digital Economy UCITS ETF AccEBUY | 0.74% | 0.45% | €96.36M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 24 Apr 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 6 Feb 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.