NetApp Inc. ($NTAP) Stock Forecast: Up 5.0% Today

What is NetApp Inc.?

NetApp (NTAP) is a technology company specializing in data management solutions, including cloud data services and storage systems. The overall market sentiment for tech stocks has been mixed recently, with investors closely monitoring earnings reports and future growth prospects.

Why is NetApp Inc. going up?

NTAP stock is up 5.0% on Jun 3, 2025 15:06

• Despite NetApp's Q1 outlook falling short and an analyst lowering the price forecast, the stock experienced a strong bullish movement. This could be attributed to the Q4 earnings and revenue beating expectations, showcasing the company's strong performance.
• The initial dip in stock price following the cautious FY2026 outlook and weaker first-quarter guidance was short-lived, as investors may have focused on the positive year-over-year growth in earnings and revenues.
• The surprises in earnings and revenue for Q4 could have instilled confidence in investors regarding NetApp's ability to navigate challenges and deliver results, leading to the bullish market movement despite the mixed analyst sentiments.

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NTAP News

NetApp Q1 Outlook Falls Short, Analyst Lowers Price Forecast - NetApp ( NASDAQ:NTAP )

NetApp's Q4 EPS and revenue beat Street expectations. Wells Fargo's Aaron Rakers kept an Equal Weight on NetApp, cutting the price target from $115 to $100. Get stock picks, daily rankings, and pro-level trading tools in one powerful platform-Memorial Day sale ending soon. NetApp, Inc.

https://www.benzinga.com/markets/earnings/25/05/45700068/netapp-q1-outlook-falls-short-analyst-lowers-price-forecast

NetApp's Q4 Earnings & Revenues Beat Estimates, Rise Y/Y, Stock Down

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

https://www.zacks.com/stock/news/2479432/netapps-q4-earnings-revenues-beat-estimates-rise-yy-stock-down

NetApp ( NTAP ) Tops Q4 Earnings and Revenue Estimates

NetApp (NTAP) delivered earnings and revenue surprises of 1.58% and 0.21%, respectively, for the quarter ended April 2025. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2479203/netapp-ntap-tops-q4-earnings-and-revenue-estimates

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NetApp Inc. Price History

21.10.2024 - NTAP Stock was up 5.1%

• Positive market sentiment surrounding NetApp's upcoming Q2 earnings report likely led to the company's strong bullish movement today.
• Options market activity suggests anticipation of a spike in NTAP stock, potentially contributing to the bullish trend.
• Momentum in all-flash products and hyperscaler services expected to benefit NetApp's Q2 performance may have boosted investor confidence in the company's growth outlook.
• Based on the favorable indicators and projections preceding the earnings report, the market appears optimistic about NetApp's potential.

29.07.2024 - NTAP Stock was down 8.1%

• Despite reporting better-than-expected earnings and strong revenue growth in the first quarter, NetApp's shares dropped, indicating a disconnect between performance and market sentiment.
• The unveiling of new capabilities to enhance VMware cloud deployments could have been overshadowed by broader market concerns or profit-taking by investors.
• Analysts boosting their forecasts post-upbeat earnings may have raised expectations to unsustainable levels, leading to a sell-off in the stock.
• The overall market sentiment or macroeconomic factors might have influenced the bearish movement in NetApp's stock, despite the positive financial results and outlook.

29.07.2024 - NTAP Stock was down 7.0%

• NetApp reported impressive EPS and revenue growth, yet its stock faced a downward trend.
• The introduction of new VMware Cloud Foundation capabilities and VMware environment enhancements may not have sufficiently offset external market influences on the stock's performance.
• Investors possibly anticipated higher growth figures or performance, prompting a sell-off of the stock despite favorable earnings.
• Market movements may also reflect broader industry trends or factors specific to the technology sector that impacted technology stock values.

29.07.2024 - NTAP Stock was down 8.0%

• Factors contributing to the bearish movement in NTAP stock:
• Record EPS and strong revenue growth in Q1 2025 may have failed to meet investor expectations.
• The introduction of new capabilities for VMware Cloud Foundation, though promising for the company's future, raised concerns about potential costs and implementation challenges in the short term.
• Reactions to another company's acquisition of VMware may have created uncertainty about NetApp's future partnerships and affected investor confidence.
• Overall market sentiment or broader economic conditions may have also played a role in the decline, prompting traders to sell off their positions due to perceived risks.

10.11.2024 - NTAP Stock was down 5.1%

• The bearish movement in NTAP today could be attributed to concerns over weak IT spending, impacting the company's revenue growth potential.
• Despite the positive momentum in the AI space and strong performance in the all-flash storage and cloud market, stiff competition may have weighed down on investor sentiment.
• Investors might be cautious about the sustainability of NTAP's growth trajectory in 2025, leading to profit-taking and a bearish market movement today.

28.01.2025 - NTAP Stock was down 15.0%

• NetApp (NTAP) met Q3 earnings expectations, but the stock saw significant downward movement. Potential reasons for this include:
• Investor reaction to concerns over subdued IT spending, despite the success of all-flash products in the third quarter.
• Analyst projections for key metrics might have been lower than anticipated, prompting investors to sell shares.
• A marginal -0.06% stock movement prior to the bearish trend could indicate uncertainty and a lack of strong positive market sentiment.

22.09.2024 - NTAP Stock was down 5.1%

• The recovery in cloud computing driven by AI could indicate increased competition for NetApp in the tech sector.
• The normalization of legacy technologies post-pandemic suggests that investors might be shifting focus away from companies like NetApp towards newer tech trends.
• The overall bullish sentiment in cloud computing and AI could be overshadowing NetApp's performance, leading to a bearish movement in its stock price today.

27.10.2024 - NTAP Stock was down 5.2%

• Despite reporting better-than-expected earnings and revenue in the second quarter, NetApp (NTAP) experienced a bearish movement.
• The raised guidance and positive outlook for fiscal 2025 were not enough to sustain the bullish momentum in the stock.
• Investors might have engaged in profit-taking after the stock climbed following the earnings release, leading to the bearish movement.
• Market conditions or external factors may have influenced the stock's decline, overshadowing the positive quarterly results.

19.11.2024 - NTAP Stock was down 5.1%

• NTAP crossing below the 20-day moving average indicates short-term weakness in the stock.
• Crossing above the 50-day moving average could be a positive sign for investors, but today's bearish movement might have negated some of that optimism.
• Analyst upgrade and positive revenue growth outlook could have initially boosted confidence in NTAP, but broader market conditions or sector-specific challenges may have influenced the bearish trend.
• The bullish sentiment towards ConocoPhillips and AMETEK from other analysts did not seem to impact NTAP's performance today.

27.01.2025 - NTAP Stock was down 5.1%

• Speculation about subdued IT spending in the industry possibly influenced the stock's downward movement. This concern could have impacted revenue outlook for the company.
• Market expectations for NetApp's Q3 earnings might have prompted investors to lock in profits, creating selling pressure on the stock.
• A closer look at key metrics for NetApp may have unveiled operational challenges or uncertainties, adding to the prevailing bearish sentiment.
• Emphasis on earning monthly dividend income from NetApp shares could have redirected investor focus towards immediate returns, potentially triggering a stock sell-off and a decline in price.

03.05.2025 - NTAP Stock was up 5.0%

• Despite NetApp's Q1 outlook falling short and an analyst lowering the price forecast, the stock experienced a strong bullish movement. This could be attributed to the Q4 earnings and revenue beating expectations, showcasing the company's strong performance.
• The initial dip in stock price following the cautious FY2026 outlook and weaker first-quarter guidance was short-lived, as investors may have focused on the positive year-over-year growth in earnings and revenues.
• The surprises in earnings and revenue for Q4 could have instilled confidence in investors regarding NetApp's ability to navigate challenges and deliver results, leading to the bullish market movement despite the mixed analyst sentiments.

10.03.2025 - NTAP Stock was up 5.8%

• NTAP stock rose by 13% after forming an alliance with Google Cloud for AI and enterprise workloads, reflecting the market's favorable response to the partnership and growth prospects in the sector.
• Despite a minor -1.21% decline in a recent trading session, the overall uptrend indicates investor optimism regarding NetApp's future and technological advancements.
• The increase in trading volume and positive earnings estimate revisions suggest investor confidence in NetApp's capacity to leverage emerging technologies and foster innovation in the data storage field, paving the way for potential stock growth.