NTAP Stock Recent News

NetApp (NTAP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today released its new report, The AI Space Race, examining which countries are leading the fierce global competition to become the world leader in AI innovation. While some countries are further ahead than others, this survey of CEOs and IT executives in the U.S., China, the U.K., and India found that every player has the potential to thrive in the global race for AI dominance. AI is no long.

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the appointment of Syam Nair as its new Chief Product Officer (CPO), effective Monday, July 7, 2025. Nair succeeds Harv Bhela, who concluded his tenure in June following a successful chapter of product leadership. Nair is a former Salesforce and Microsoft executive renowned as a maverick innovator in the industry, bringing over 25 years of experience in scaling cloud platforms.

Momentum in cloud computing, IoT, auto, and AI is likely to favor the prospects of Zacks Computer - Storage Devices industry players like WDC, NTAP, and TDC, amid a volatile macro backdrop.

Businesses are increasingly adopting hybrid cloud storage solutions to manage growing enterprise data while supporting AI applications and sustainability goals. As the market emerges, the sector is expected to hit $100 billion in 2024, driven by the demand for unified cloud solutions offering scalability and high performance. Businesses are increasingly adopting hybrid cloud storage solutions to manage growing enterprise data while supporting AI applications and sustainability goals. As the market emerges, the sector is expected to hit $100 billion in 2024, driven by the demand for unified cloud solutions offering scalability and high performance.

Evaluate NetApp's (NTAP) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.

I'm rotating out of overvalued large-caps and into value plays like NetApp, which offers a rare bargain in today's market. NetApp has rebounded from sales execution issues, showing improved billings, margin expansion, and a strong FY26 guidance for growth and EPS. Secular data growth, high gross margins, and a rising ARR base position NetApp well for future gains despite industry competition.

NetApp (NTAP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

NetApp operates in a high-growth industry but has shown only stable, moderate revenue growth, lagging behind the sector's momentum. The company boasts industry-leading profitability and high margins, yet hasn't translated increased debt into accelerated revenue growth. Valuation metrics suggest NTAP is fairly valued, with a DCF-based target price of $99.82, supporting a HOLD rating at current levels.

NTAP fourth-quarter earnings & revenues top estimates and rise Y/Y. Shares fall 4.8% on cautious FY2026 outlook and weaker first-quarter guidance.