Zacks Research Predicts NetApp’s Q3 Earnings (NASDAQ:NTAP)

NetApp, Inc. (NASDAQ:NTAP) – Research analysts at Zacks Research lifted their Q3 2025 earnings per share (EPS) estimates for NetApp in a research note issued on Thursday, December 12th. Zacks Research analyst V. Doshi now expects that the data storage provider will post earnings of $1.51 per share for the quarter, up from their previous forecast 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 earnings results on Thursday, November 21st. The data storage provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.09. NetApp had a net margin of 17.78% and a return on equity of 123.63%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the company posted $1.23 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of NetApp from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Susquehanna reiterated a “positive” rating and set a $155.00 price target on shares of NetApp in a research note on Monday, August 26th. Barclays raised their price objective on shares of NetApp from $119.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Loop Capital upgraded NetApp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $121.00 to $150.00 in a research report on Tuesday, September 3rd. Finally, Wedbush reissued a “neutral” rating and issued a $120.00 price target on shares of NetApp in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $137.40.

NetApp Stock Down 1.3 %

NetApp stock opened at $121.95 on Monday. The stock has a market capitalization of $24.79 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.94 and a beta of 1.23. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. The stock has a 50 day moving average of $122.90 and a two-hundred day moving average of $124.04. NetApp has a twelve month low of $83.62 and a twelve month high of $135.45.

Institutional Trading of NetApp

Several institutional investors have recently made changes to their positions in NTAP. Hollencrest Capital Management purchased a new stake in NetApp during the second quarter worth approximately $26,000. Northwest Investment Counselors LLC purchased a new stake in NetApp during the 3rd quarter worth $27,000. Redwood Wealth Management Group LLC acquired a new stake in NetApp in the 2nd quarter valued at $32,000. True Wealth Design LLC raised its position in NetApp by 2,833.3% in the third quarter. True Wealth Design LLC now owns 352 shares of the data storage provider’s stock valued at $43,000 after purchasing an additional 340 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of NetApp during the third quarter worth about $44,000. 92.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Lorenzo Daniel De sold 1,685 shares of NetApp stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $123.60, for a total value of $208,266.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurian sold 8,500 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $118.00, for a total value of $1,003,000.00. Following the completion of the transaction, the chief executive officer now owns 288,282 shares of the company’s stock, valued at $34,017,276. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,049 shares of company stock valued at $2,807,851. Corporate insiders own 0.47% of the company’s stock.

NetApp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders 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 yield of 1.71%. The ex-dividend date of this dividend is Friday, January 3rd. NetApp’s dividend payout ratio (DPR) is presently 38.24%.

NetApp Company Profile

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.