NetApp, Inc.
NetApp's NTAP Public Cloud business reported $182M in Q4 FY2026 revenue, up 11% YoY (18% ex-Spot). Full-year revenue was $688M, with first-party and marketplace cloud services growing 30%. The segment maintained 85.7% gross margin. NetApp expects continued growth driven by enterprise IT and AI trends. Competitors Seagate STX and Western Digital WDC also reported strong cloud storage demand.
Gartner's updated Enterprise Storage Magic Quadrant retains six leaders: Everpure, Huawei, HPE, NetApp, Dell, and IBM. Everpure leads, while NetApp drops behind Huawei and HPE. Hitachi Vantara is a Visionary, and IEIT Systems is a Niche Player. DDN was removed, and Infinidat (owned by Lenovo) received an honorable mention. Gartner predicts significant shifts in storage trends by 2029, including increased STaaS adoption and AI storage tiers. Everpure and HPE have made the full report available.
Evercore ISI raised its price target for NetApp from $170 to $210. The company's stock is currently trading at $187.49, down 2.49% over 5 days and 7.59% year-to-date, but up 76.21% over a longer period. The adjustment reflects changes in valuation and earnings per share revisions.
Over the past 7 days, alphai's AI scored 5 news stories mentioning NTAP (NetApp, Inc.). Coverage has skewed bullish: 3 bullish, 1 neutral, and 1 bearish.
Recent NTAP coverage spans financial news, earnings and sector analysis.
In the last 30 days, NTAP insiders filed 5 SEC Form 4 transactions — no purchases and 5 sales ($727K). The most active reporter was CERNUDA CESAR, President, with 4 filings. 100% of those filings were made under pre-arranged Rule 10b5-1 plans.
Strong segment growth and high gross margin suggest upside potential for NetApp stock.
NetApp's relative ranking slipped.
Target raise may prompt buy-side interest and support price appreciation.
Target increase modestly supportive.
Enhances NetApp's AI‑optimized storage solutions.
alphai scores every news story that mentions NTAP with an AI model for sentiment and relevance, and aggregates insider trades from NetApp, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
NetApp's NTAP Public Cloud business reported $182M in Q4 FY2026 revenue, up 11% YoY (18% ex-Spot). Full-year revenue was $688M, with first-party and marketplace cloud services growing 30%. The segment maintained 85.7% gross margin. NetApp expects continued growth driven by enterprise IT and AI trends. Competitors Seagate STX and Western Digital WDC also reported strong cloud storage demand.
2 min readGartner's updated Enterprise Storage Magic Quadrant retains six leaders: Everpure, Huawei, HPE, NetApp, Dell, and IBM. Everpure leads, while NetApp drops behind Huawei and HPE. Hitachi Vantara is a Visionary, and IEIT Systems is a Niche Player. DDN was removed, and Infinidat (owned by Lenovo) received an honorable mention. Gartner predicts significant shifts in storage trends by 2029, including increased STaaS adoption and AI storage tiers. Everpure and HPE have made the full report available.
2 min readEvercore ISI raised its price target for NetApp from $170 to $210. The company's stock is currently trading at $187.49, down 2.49% over 5 days and 7.59% year-to-date, but up 76.21% over a longer period. The adjustment reflects changes in valuation and earnings per share revisions.
1 min readAnalysts updated recommendations for multiple companies. Kimberly-Clark (KMB) was downgraded to underperform with a higher price target. Palantir (PLTR) was upgraded to buy. Snap (SNAP) was upgraded to buy with a slightly lower target. Accenture (ACN) and others saw price target increases.
2 min readSAP, Progress, and NetApp are acquiring companies to enhance their AI data infrastructure. SAP acquired Dremio for real-time analytics, Progress plans to buy Domo's AI assets for $400M, and NetApp acquired DataPelago for GPU-accelerated data processing. Gartner forecasts AI-optimized infrastructure spending to reach $42.3B in 2026, with inference spending at $23.3B. Data quality and availability are cited as major barriers to enterprise AI adoption.
3 min readNetApp (NTAP) President Cesar Cernuda sold 2,608 shares on August 17, 2026, in four open-market transactions at weighted average prices ranging from $203.63 to $206.40, according to a Rule 10b5-1 trading plan adopted in March 2026. The sales totaled approximately $533,000.
1 min readCERNUDA CESAR (President) sold 2,608 shares of NetApp, Inc. (NTAP) at an average of $204.48 ($203.63–$206.40, $0.53M total) across 4 trades on 2026-08-17 under a Rule 10b5-1 trading plan.
1 min readCiti analysts said hardware OEM earnings should be supported by AI-infrastructure buildouts and higher CPU usage for agentic-AI workloads, though enterprise and AI inferencing demand is still early. Citi flagged memory and CPU constraints and noted tariff refunds may offset margin pressure. Citi prefers DELL and HPE, and cited views on PSTG, NTAP, and HPQ ahead of their earnings dates.
6 min readHCLTech expanded its partnership with NetApp to offer hybrid cloud storage-as-a-service. The offering combines HCLTech’s U4X framework with NetApp Keystone, using a consumption-based, pay-as-you-go model for AI and GenAI workloads plus traditional enterprise systems. NetApp said it provides intelligent data infrastructure via a flexible business model.
2 min readSuper Micro Computer (SMCI) shares rose about 7% after the company reported FY2027 guidance of $65 to $72 billion, above a $53 billion consensus, and record backlog. Dell (DELL) and Hewlett Packard Enterprise (HPE) also gained on AI server read-across. Lenovo reported April-June revenue up 43% and an AI server pipeline of $54 billion.
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