Netapp (NTAP) Stock
Data storage systems and cloud services for enterprises. Here's the price, business snapshot, and what's worth knowing about Netapp in August 2026.
NetApp, Inc. (NTAP) is a US-based provider of data storage systems and cloud data services, helping organisations store, manage and protect data across on-premise and cloud environments. In recent years NetApp has shifted from primarily selling hardware to emphasising software, cloud integrations and subscription-based services — a move that aims to grow recurring revenue and improve margins but requires execution. Investors should watch subscription growth, software mix, gross margins, free cash flow and customer retention, as these signal the success of the cloud transition. Key strengths include long-standing enterprise relationships and partnerships with major cloud providers, while risks include cyclical IT spending, strong competition from cloud hyperscalers and software rivals, and execution risk during the transition. This is general informational content only and not personalised advice; values can fall as well as rise. Consider your objectives and consult a qualified financial adviser before investing.
Why It’s Moving
NetApp is catching a fresh wave of analyst support as investors bet on steadier growth.
- Analysts turned more positive after Goldman Sachs lifted its view on NetApp, pointing to improved confidence in the company’s data-storage business and its ability to keep growing revenue efficiently.
- Recent buying by several institutional investors suggests the market is seeing NTAP as a steadier AI and infrastructure play, even as some insiders have trimmed shares.
- NetApp has been trading near recent highs, so even modest upgrades or new buying interest have helped keep the stock in focus and support the upside narrative.
NetApp is catching a fresh wave of analyst support as investors bet on steadier growth.
- Analysts turned more positive after Goldman Sachs lifted its view on NetApp, pointing to improved confidence in the company’s data-storage business and its ability to keep growing revenue efficiently.
- Recent buying by several institutional investors suggests the market is seeing NTAP as a steadier AI and infrastructure play, even as some insiders have trimmed shares.
- NetApp has been trading near recent highs, so even modest upgrades or new buying interest have helped keep the stock in focus and support the upside narrative.
Sixth Month Growth Performance
next-earnings-question
NetApp’s next earnings date is expected on September 2, 2026, with some market calendars showing August 26, 2026 as an estimated date. The report will cover fiscal Q1 2027. NetApp has indicated a target release date of September 2, 2026 for its Q1 FY2027 results.
Stock Performance Snapshot
Analyst Rating
Analysts recommend selling NetApp's stock with a target price of $123.62, indicating potential loss.
Financial Health
NetApp is performing well with strong profits and cash flow, indicating solid financial stability.
Dividend
NetApp's dividend yield of 1.19% is below average, indicating limited income potential from dividends. If you invested $1000, you would be paid $11.90 a year in dividends (based on the last 12 months).
Why You’ll Want to Watch This Stock
Shift to Subscriptions
NetApp’s move from hardware to software and subscriptions can smooth revenue and lift margins over time, though transition execution and timing can vary.
Cloud Partnerships Matter
Integrations with AWS, Azure and Google Cloud open hybrid-cloud opportunities, but competition from cloud-native providers and hyperscalers remains a material challenge.
Margin & Cash Flow
Investors often watch gross margins, free cash flow and subscription mix as signs of durable profitability; remember these metrics can fluctuate with IT spending cycles.
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