NetApp, Inc. (NTAP)

Over the past six months, NetApp's stock price has experienced some fluctuations, declining approximately 10.52% between October 31, 2025, and January 9, 2026. As of January 12, 2026, the stock was down roughly 11.3% over the preceding three months and 9.36% over the past 12 months. Despite these headwinds, NetApp reported strong financial results for the second quarter of fiscal year 2026, exceeding revenue expectations with sales up 2.8% year-over-year to $1.71 billion, and raised its full-year fiscal year 2026 guidance for revenue and adjusted EPS. Goldman Sachs issued a "Buy" rating for NetApp with a $128 target on January 13, 2026.

NetApp acknowledges "revenue seasonality" as a risk factor, anticipating "seasonal spikes in the back half of the fiscal year" to compensate for potentially weaker performance in earlier quarters, suggesting stronger demand in the latter part of its fiscal year.

NetApp, Inc. (NTAP) is a global data infrastructure company specializing in unified data storage, integrated data services, and cloud operations (CloudOps) solutions. The company operates within the Technology sector, specifically in the Software - Infrastructure, Computer Peripherals, and Storage Device industries, helping organizations manage and share data across various environments. Its major products and services include Cloud Data Services, Cloud Infrastructure Solutions, Storage Systems and Software, and related services, catering to sectors like energy, financial services, government, and more.

NetApp has a significant global presence with headquarters in San Jose, California, and Cork, Ireland, along with numerous office locations across the Americas, Europe, Middle East, Africa, and Asia Pacific. Net sales are distributed geographically as follows: Americas (50.9%), Europe/Middle East/Africa (33.5%), and Asia/Pacific (15.6%).

NetApp has a strong brand reputation, recognized for its commitment to sustainability and as a desirable employer. The company's global operations are covered by an Environmental Management System (EMS) that conforms to the ISO 14001:2015 standard, and it has set short-term decarbonization targets validated by the Science Based Targets initiative (SBTi). NetApp has been featured in several Forbes lists and engages in high-profile partnerships, such as with the Aston Martin F1 Team.

NetApp's ownership is predominantly institutional, with institutional investors holding approximately 92.17% to 96.34% of the shares outstanding. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Individual insider ownership is minimal, accounting for around 0.5% of shares, with Daniel J. Warmenhoven being the largest individual NetApp shareholder.