NetApp (NTAP)
NASDAQInformation TechnologyComputer HardwareSnapshot 2026-10-30
$199.18-8.81%
Close 2026-10-30 · 1-day change
NASDAQInformation TechnologyComputer HardwareSnapshot 2026-10-30
Research Workspace
Put NTAP beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Technology Hardware, Storage & Peripherals is in supercycle. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Deliver EPS near $6.66 in FY27: Diluted EPS: $1.88 per share.
View ThesisRanks among the strongest in its industry on quality — around the top 20%.
View QualityManagement screens strong on capital allocation, earnings delivery, margins, the balance sheet, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationModerate volatility — typically moves about 2% a day.
View RiskNTAP’s AI and cloud expansion must sustain growth, despite mixed earnings quality and slowing revenue growth. Revenue growth accelerated from 4% to 12% to 30% year over year. Q1 FY2027 earnings beat consensus by 50%. NTAP trades at 25× P/E versus a 32× peer median. The price reflects less growth than our forecast, though peer valuation implies about 21% downside. The specific risk is the FY27 diluted EPS pillar near $6.66, against reported diluted EPS of $1.88. Our model puts the next-quarter miss probability near 20%. Our read remains provisional: peer multiples imply a price about 21% below where it trades.
Trailing returns as of 2026-10-30. NTAP is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 22 analysts currently covering NTAP (as of Oct 2026).
Based on 10 Wall Street analysts offering 12-month price targets for NTAP in the last 4 months.
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Compare NTAP with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| NTAP Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Technology Hardware, Storage & Peripherals — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put NTAP next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Drive sustained revenue growth with AI and cloud expansion
Downgrades raise concerns about AI spending impacting growth.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $199.18
The last 12 months of price, then the range of analyst 12-month targets from today’s $199.18.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Drive sustained revenue growth with AI and cloud expansion
Upgrade indicates positive outlook on revenue growth.
Advances: Drive sustained revenue growth with AI and cloud expansion
BofA's insight supports revenue growth with AI expansion.
Advances: Drive sustained revenue growth with AI and cloud expansion
Earnings beat indicates strong growth potential.
Concerns about sustainability of revenue growth.
Advances: Innovate and launch next-generation AI and cloud storage products
Enhanced product strategy supports AI and cloud innovation goals.
Advances: Drive sustained revenue growth with AI and cloud expansion
Broadening demand supports revenue growth with AI and cloud.
Advances: Drive sustained revenue growth with AI and cloud expansion
Q1 beat and raised guidance supports AI and cloud growth.
