NetApp Shares Decline While Analysts Maintain Moderate Optimism

NetApp, Inc. (NTAP), with a market capitalization of $18.7 billion, stands as a leader in the intelligent data infrastructure sector. Based in San Jose, California, the company offers enterprise software, systems, and services designed to help customers reshape their data infrastructures. NetApp operates across two primary segments: Hybrid Cloud and Public Cloud.

Classified as a “large-cap” stock, NetApp incorporates unified data storage, integrated data, and essential operational services. The firm aims to create a silo-free infrastructure by leveraging observability and AI, providing what is considered among the best data management solutions in the industry.

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Despite its robust portfolio, NetApp’s stock price has experienced a significant drop, falling 32% from its 52-week high of $135.45. Over the last three months, NTAP faced a 22.3% decline, noticeably underperforming compared to the Dow Jones Industrials Average’s ($DOWI) 2.1% decrease.

In terms of longer trends, NetApp’s stock decreased 20.7% on a year-to-date (YTD) basis, trailing behind DOWI’s 1.4% dip. Furthermore, NTAP shares have lost 11.8% over the past year, contrasting sharply with the Dow Jones’s increase of 6.2% during the same period.

Currently, the stock has been trading below its 50-day and 200-day moving averages since early March, indicating continued weakness in price performance.

NetApp met expectations during its Q3 2025 earnings announcement on February 27, reporting adjusted earnings of $1.91 per share. Despite this achievement, the stock fell 15.6% on the following day, after the company reported revenue of $1.6 billion, which was less than analysts had predicted. Looking ahead, NetApp projects fiscal year 2025 earnings between $7.17 and $7.27 per share, with anticipated revenue ranging from $6.5 billion to $6.6 billion.

In comparison, competitor Dell Technologies Inc. (DELL) has fared better, with DELL stock declining 10.9% over the last year and 14.2% YTD.

While NetApp has struggled relative to broader market trends over the past year, analyst sentiment remains moderately positive. Currently, 19 analysts have issued a “Moderate Buy” rating for NTAP, suggesting the stock has potential for upward movement. Notably, it is trading below the average price target of $121.20.

On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy
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