NetApp (NASDAQ:NTAP) Releases Q1 2027 Earnings Guidance

NetApp (NASDAQ:NTAP) issued an update on its first quarter 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 2.050-2.150 for the period, compared to the consensus EPS estimate of 1.780. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.7 billion. NetApp also updated its FY 2027 guidance to 8.700-9.000 EPS.

NetApp Stock Performance

Shares of NASDAQ NTAP opened at $142.40 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15. NetApp has a 12 month low of $93.69 and a 12 month high of $143.65. The company has a 50 day simple moving average of $110.99 and a two-hundred day simple moving average of $107.48. The stock has a market cap of $28.10 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 2.60 and a beta of 1.28.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Thursday, May 28th. The data storage provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.24). The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. NetApp had a return on equity of 118.11% and a net margin of 18.07%.NetApp’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.93 EPS. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. As a group, analysts predict that NetApp will post 6.48 earnings per share for the current year.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Friday, July 10th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.5%. NetApp’s dividend payout ratio is currently 34.78%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NTAP shares. JPMorgan Chase & Co. lowered NetApp from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $125.00 to $110.00 in a research report on Thursday, April 16th. Morgan Stanley increased their price objective on NetApp from $88.00 to $137.00 and gave the stock an “underweight” rating in a research report on Friday. Wall Street Zen lowered NetApp from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Wedbush reiterated a “neutral” rating and set a $115.00 price target on shares of NetApp in a research report on Wednesday, February 25th. Finally, Barclays reiterated an “overweight” rating on shares of NetApp in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $124.09.

Insider Buying and Selling at NetApp

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $117.73, for a total value of $117,730.00. Following the sale, the executive vice president directly owned 18,382 shares in the company, valued at approximately $2,164,112.86. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lorenzo Daniel De sold 275 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $120.00, for a total value of $33,000.00. Following the completion of the sale, the chief accounting officer owned 1,090 shares in the company, valued at approximately $130,800. The trade was a 20.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,275 shares of company stock worth $347,650. Insiders own 0.28% of the company’s stock.

More NetApp News

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp reported fiscal Q4 revenue of $1.95 billion, up 12.5% year over year and above Wall Street estimates, showing continued demand for its data storage products. NetApp (NTAP) Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised first-quarter and full-year FY 2027 guidance above consensus, signaling confidence in growth and execution going forward. Wamsi Mohan Reiterates Hold on NetApp, Lifts Price Target to $150 Amid Strong Execution but Valuation and Margin Headwinds
• Positive Sentiment: NetApp announced a new $1 billion share repurchase program and a quarterly dividend, both of which can support shareholder returns. NetApp Announces New $1 Billion Share Repurchase Program
• Neutral Sentiment: Analysts remain split: Bank of America raised its target to $150 but kept a Hold rating, while Morgan Stanley lifted its target to $137 but maintained an Underweight view, suggesting valuation concerns remain. Benzinga analyst update on NetApp price target
• Negative Sentiment: NetApp’s Q4 EPS of $2.03 missed expectations, and some coverage notes margin and valuation headwinds, which may limit upside if investors focus on profitability rather than sales growth. NetApp (NTAP) Stock Falls on Q4 2026 Earnings

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Compound Planning Inc. lifted its stake in NetApp by 13.3% in the fourth quarter. Compound Planning Inc. now owns 5,842 shares of the data storage provider’s stock worth $626,000 after acquiring an additional 686 shares during the last quarter. Invesco Ltd. lifted its stake in NetApp by 5.1% in the fourth quarter. Invesco Ltd. now owns 3,170,157 shares of the data storage provider’s stock worth $339,492,000 after acquiring an additional 154,490 shares during the last quarter. Corient Private Wealth LLC lifted its stake in NetApp by 169.0% in the fourth quarter. Corient Private Wealth LLC now owns 129,925 shares of the data storage provider’s stock worth $13,914,000 after acquiring an additional 81,634 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in NetApp by 1.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 46,106 shares of the data storage provider’s stock worth $4,938,000 after acquiring an additional 466 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of NetApp during the 4th quarter worth approximately $1,824,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.