Zacks Research Has Positive Outlook for NetApp Q3 Earnings

NetApp, Inc. (NASDAQ:NTAP) – Equities research analysts at Zacks Research increased their Q3 2025 earnings per share (EPS) estimates for shares of NetApp in a research note issued on Thursday, December 12th. Zacks Research analyst V. Doshi now anticipates that the data storage provider will post earnings per share of $1.51 for the quarter, up from their previous estimate of $1.43. The consensus estimate for NetApp’s current full-year earnings is $5.83 per share. Zacks Research also issued estimates for NetApp’s Q4 2025 earnings at $1.54 EPS, Q2 2026 earnings at $1.50 EPS, Q3 2026 earnings at $1.58 EPS and FY2027 earnings at $6.82 EPS.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings data on Thursday, November 21st. The data storage provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.09. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. NetApp had a return on equity of 123.63% and a net margin of 17.78%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 EPS.

Several other equities analysts have also recently issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $120.00 price objective on shares of NetApp in a report on Friday, November 22nd. Bank of America increased their price objective on shares of NetApp from $115.00 to $121.00 and gave the company an “underperform” rating in a research note on Friday, November 22nd. Oppenheimer began coverage on shares of NetApp in a report on Wednesday, November 13th. They issued a “market perform” rating on the stock. TD Cowen upped their target price on NetApp from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Northland Securities increased their price objective on NetApp from $108.00 to $120.00 and gave the company a “market perform” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $138.27.

NetApp Stock Up 3.4 %

Shares of NASDAQ NTAP opened at $126.10 on Monday. NetApp has a 52 week low of $83.62 and a 52 week high of $135.45. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 2.94 and a beta of 1.23. The firm has a 50-day moving average price of $122.94 and a 200 day moving average price of $124.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management acquired a new stake in shares of NetApp during the 2nd quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in NetApp in the third quarter worth $27,000. Redwood Wealth Management Group LLC bought a new stake in NetApp in the second quarter valued at $32,000. True Wealth Design LLC boosted its holdings in shares of NetApp by 2,833.3% during the third quarter. True Wealth Design LLC now owns 352 shares of the data storage provider’s stock valued at $43,000 after acquiring an additional 340 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of NetApp during the third quarter worth about $44,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Insider Buying and Selling

In other news, CEO George Kurian sold 8,500 shares of NetApp stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $118.00, for a total transaction of $1,003,000.00. Following the sale, the chief executive officer now owns 288,282 shares in the company, valued at $34,017,276. This trade represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas Michael Nevens sold 3,333 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $119.23, for a total transaction of $397,393.59. Following the completion of the transaction, the director now owns 9,277 shares of the company’s stock, valued at $1,106,096.71. This trade represents a 26.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,049 shares of company stock valued at $2,807,851. 0.47% of the stock is currently owned by corporate insiders.

NetApp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, January 3rd. NetApp’s payout ratio is currently 38.24%.

About NetApp

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.