Oppenheimer has initiated coverage on NetApp Inc (NTAP) with a Perform rating, marking the firm's first assessment of the company. This new rating reflects Oppenheimer's research into NetApp's business, industry dynamics, and growth prospects.
NetApp, headquartered in San Jose, California, specializes in software, systems, and services for data management. The company, which employs 11,700 full-time staff, offers solutions that facilitate data sharing and management both on-premises and in the cloud. Its Hybrid Cloud segment provides a comprehensive data storage portfolio, while its Public Cloud segment delivers products primarily as-a-service, including cloud storage and data services.
As of November 16, 2025, NetApp's stock is priced at $106.40, with a market capitalization of $21.3 billion. The company has a trailing P/E ratio of 18.21 and an EPS of 5.66. Upcoming earnings reports are anticipated on September 1, 2026, with an estimated EPS of $1.88 and revenue of $1.7 billion, and on May 27, 2026, with an estimated EPS of $2.31 and revenue of $1.8 billion.
Analyst ratings serve as professional opinions based on financial models and research. While they can offer valuable insights, they are influenced by assumptions that may not always hold true. Investors should consider a range of factors, including company fundamentals and market trends, when making decisions. Analyst ratings can change as new information emerges, underscoring the need for a comprehensive approach to investment decisions.