NTAP
NetApp, Inc.
September 11, 2026 · market open
- Rarity
- 1.34
- Peak move
- +8.57%
- Float cap
- $35.8B
NetApp, Inc. provides intelligent data infrastructure, including its ONTAP data management software and all-flash, hybrid-flash, and cloud-native storage solutions. It sells software, hardware, support, and professional services to enterprises worldwide, helping them manage, protect, and move data across on-premises, hybrid, multi-cloud, and edge environments. Its offerings support workloads such as AI, data protection, and cloud operations.
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What we found
17 events · 10 from SEC or newswire · 0 timed with the moveanalyst_ratingZacks Research upgraded NetApp to Strong Buy from Hold in a September 9, 2026 note, with the broader analyst consensus remaining Hold and an average price target of $192.07.
- Key event
analyst_ratingArgus raised its price target on NetApp to $225 from $200 while maintaining a Buy rating in a note dated September 11, 2026.
insider_saleDirector June Yang received a grant of 1,542 NetApp common shares on September 9, 2026.
SEC4 0002008967-26-000013insider_saleDirector Anders Gustafsson exercised options on 2,307 NetApp shares and received a grant of 1,542 shares on September 8, 2026.
SEC4 0001129136-26-000002insider_saleDirector Deepak Ahuja received a grant of 1,542 NetApp common shares on September 9, 2026.
SEC4 0001193125-26-388079insider_saleDirector Paul Fipps exercised options on 2,646 NetApp shares and received a grant of 1,542 shares on September 8, 2026.
SEC4 0001193125-26-388071insider_saleDirector Gerald Held exercised options on 2,307 NetApp shares and received a grant of 1,542 shares on September 8, 2026.
SEC4 0001193125-26-388066insider_saleDirector Deborah Kerr exercised options on 2,307 NetApp shares and received a grant of 1,542 shares on September 8, 2026.
SEC4 0001193125-26-388051insider_saleDirector Thomas Michael Nevens exercised options on 2,914 NetApp shares and received a grant of 1,948 shares on September 8, 2026.
SEC4 0001193125-26-388037insider_saleDirector Carrie Palin exercised options on 2,307 NetApp shares and received a grant of 1,542 shares on September 8, 2026.
SEC4 0001193125-26-388027insider_saleDirector Francis J. Pelzer exercised options on 2,307 NetApp shares and received a grant of 1,542 shares on September 8, 2026.
SEC4 0001492125-26-000003insider_saleOfficer Elizabeth O'Callahan filed notice to sell 1,000 NetApp common shares at $184.74 per share, about $184,740, under a 10b5-1 plan.
SEC144 0001950047-26-009269- Key event
commodity_eventTrendForce's Sept 9 memory spot price report showed NAND flash weak, with 512Gb TLC wafer spot prices falling 2.71% to $20.15 and eMMC 64GB down 1.58%, while DRAM stayed tight as HBM output crowded out PC-grade supply.
- Key event
executive_remarkNetApp CEO George Kurian at the Goldman Sachs Communacopia + Technology Conference said fiscal 2027 guidance was raised to 17% revenue growth and 22% EPS growth at midpoint, with all-flash array revenue up 47% year over year to a record $1.3B, more than 1,100 AI-specific deals booked in fiscal 2026 plus about 350 in Q1, and AI deal sizes rising as customers move from proof-of-concept to production.
product_launchNetApp announced new ONTAP capabilities tested and validated to support VMware Cloud Foundation 9.1, adding NetApp Console Backup and Recovery, NetApp Console Data Services, datastore-granular replication in ONTAP Tools for VMware, and validated support for VMware vSphere Kubernetes Service.
executive_remarkNetApp CFO Wissam Jabre at Citi's 2026 Global TMT Conference said fiscal Q1 2027 beat guidance on all metrics, full-year revenue outlook was raised roughly 2X versus 90 days earlier with EPS guidance more than doubling, public cloud growth was about 19% adjusting for the extra week (up 28% as reported), demand is broad-based across enterprise, commercial and government customers, AI deal sizes are rising, and component cost inflation is being passed through via pricing.
security_rights_changeAt NetApp's annual meeting of shareholders on September 9, 2026, holders voted on an amendment to the Certificate of Incorporation reflecting changed Delaware law on officer exculpation, with the board recommending FOR.