NetApp Inc. ($NTAP) Stock Forecast: Down 15.0% Today

What is NetApp Inc.?

NetApp (NTAP) specializes in data management solutions, such as cloud data services and storage systems. It is publicly traded on the NASDAQ exchange.

Why is NetApp Inc. going down?

NTAP stock is down 15.0% on Feb 28, 2025 14:46

• NetApp (NTAP) met Q3 earnings expectations, but the stock saw significant downward movement. Potential reasons for this include:
• Investor reaction to concerns over subdued IT spending, despite the success of all-flash products in the third quarter.
• Analyst projections for key metrics might have been lower than anticipated, prompting investors to sell shares.
• A marginal -0.06% stock movement prior to the bearish trend could indicate uncertainty and a lack of strong positive market sentiment.

NTAP Price Chart

NTAP Technical Analysis

NTAP News

NetApp ( NTAP ) Matches Q3 Earnings Estimates

NetApp (NTAP) delivered earnings and revenue surprises of 0% and 3.09%, respectively, for the quarter ended January 2025. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2423182/netapp-ntap-matches-q3-earnings-estimates

How To Earn $500 A Month From NetApp Stock Ahead Of Q3 Earnings - NetApp ( NASDAQ:NTAP )

A more conservative goal of $100 monthly dividend income would require owning 577 shares of NetApp. An investor would need to own $359,211 worth of NetApp to generate a monthly dividend income of $500. Our government trade tracker caught Pelosi's 169% AI winner.

https://www.benzinga.com/25/02/44004369/how-to-earn-500-a-month-from-netapp-stock-ahead-of-q3-earnings

NetApp Gears Up for Q3 Earnings: Here's What You Should Know

NTAP's third-quarter performance is likely to have gained from momentum in all-flash products. Muted IT spending remains a concern.

https://www.zacks.com/stock/news/2420635/netapp-gears-up-for-q3-earnings-heres-what-you-should-know

What Analyst Projections for Key Metrics Reveal About NetApp ( NTAP ) Q3 Earnings

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for NetApp (NTAP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended January 2025.

https://www.zacks.com/stock/news/2420136/what-analyst-projections-for-key-metrics-reveal-about-netapp-ntap-q3-earnings

NetApp ( NTAP ) Stock Moves -0.06%: What You Should Know

In the latest trading session, NetApp (NTAP) closed at $124.47, marking a -0.06% move from the previous day.

https://www.zacks.com/stock/news/2419849/netapp-ntap-stock-moves--006-what-you-should-know

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NetApp Inc. Price History

21.10.2024 - NTAP Stock was up 5.1%

• Positive market sentiment surrounding NetApp's upcoming Q2 earnings report likely led to the company's strong bullish movement today.
• Options market activity suggests anticipation of a spike in NTAP stock, potentially contributing to the bullish trend.
• Momentum in all-flash products and hyperscaler services expected to benefit NetApp's Q2 performance may have boosted investor confidence in the company's growth outlook.
• Based on the favorable indicators and projections preceding the earnings report, the market appears optimistic about NetApp's potential.

29.07.2024 - NTAP Stock was down 8.1%

• Despite reporting better-than-expected earnings and strong revenue growth in the first quarter, NetApp's shares dropped, indicating a disconnect between performance and market sentiment.
• The unveiling of new capabilities to enhance VMware cloud deployments could have been overshadowed by broader market concerns or profit-taking by investors.
• Analysts boosting their forecasts post-upbeat earnings may have raised expectations to unsustainable levels, leading to a sell-off in the stock.
• The overall market sentiment or macroeconomic factors might have influenced the bearish movement in NetApp's stock, despite the positive financial results and outlook.

29.07.2024 - NTAP Stock was down 7.0%

• NetApp reported impressive EPS and revenue growth, yet its stock faced a downward trend.
• The introduction of new VMware Cloud Foundation capabilities and VMware environment enhancements may not have sufficiently offset external market influences on the stock's performance.
• Investors possibly anticipated higher growth figures or performance, prompting a sell-off of the stock despite favorable earnings.
• Market movements may also reflect broader industry trends or factors specific to the technology sector that impacted technology stock values.

29.07.2024 - NTAP Stock was down 8.0%

• Factors contributing to the bearish movement in NTAP stock:
• Record EPS and strong revenue growth in Q1 2025 may have failed to meet investor expectations.
• The introduction of new capabilities for VMware Cloud Foundation, though promising for the company's future, raised concerns about potential costs and implementation challenges in the short term.
• Reactions to another company's acquisition of VMware may have created uncertainty about NetApp's future partnerships and affected investor confidence.
• Overall market sentiment or broader economic conditions may have also played a role in the decline, prompting traders to sell off their positions due to perceived risks.

10.11.2024 - NTAP Stock was down 5.1%

• The bearish movement in NTAP today could be attributed to concerns over weak IT spending, impacting the company's revenue growth potential.
• Despite the positive momentum in the AI space and strong performance in the all-flash storage and cloud market, stiff competition may have weighed down on investor sentiment.
• Investors might be cautious about the sustainability of NTAP's growth trajectory in 2025, leading to profit-taking and a bearish market movement today.

28.01.2025 - NTAP Stock was down 15.0%

• NetApp (NTAP) met Q3 earnings expectations, but the stock saw significant downward movement. Potential reasons for this include:
• Investor reaction to concerns over subdued IT spending, despite the success of all-flash products in the third quarter.
• Analyst projections for key metrics might have been lower than anticipated, prompting investors to sell shares.
• A marginal -0.06% stock movement prior to the bearish trend could indicate uncertainty and a lack of strong positive market sentiment.

22.09.2024 - NTAP Stock was down 5.1%

• The recovery in cloud computing driven by AI could indicate increased competition for NetApp in the tech sector.
• The normalization of legacy technologies post-pandemic suggests that investors might be shifting focus away from companies like NetApp towards newer tech trends.
• The overall bullish sentiment in cloud computing and AI could be overshadowing NetApp's performance, leading to a bearish movement in its stock price today.

27.10.2024 - NTAP Stock was down 5.2%

• Despite reporting better-than-expected earnings and revenue in the second quarter, NetApp (NTAP) experienced a bearish movement.
• The raised guidance and positive outlook for fiscal 2025 were not enough to sustain the bullish momentum in the stock.
• Investors might have engaged in profit-taking after the stock climbed following the earnings release, leading to the bearish movement.
• Market conditions or external factors may have influenced the stock's decline, overshadowing the positive quarterly results.

19.11.2024 - NTAP Stock was down 5.1%

• NTAP crossing below the 20-day moving average indicates short-term weakness in the stock.
• Crossing above the 50-day moving average could be a positive sign for investors, but today's bearish movement might have negated some of that optimism.
• Analyst upgrade and positive revenue growth outlook could have initially boosted confidence in NTAP, but broader market conditions or sector-specific challenges may have influenced the bearish trend.
• The bullish sentiment towards ConocoPhillips and AMETEK from other analysts did not seem to impact NTAP's performance today.

31.04.2024 - NTAP Stock was up 3.1%

• NetApp (NTAP) reported strong Q4 earnings with revenues exceeding estimates, driven by solid demand in the all-flash and cloud storage segments.
• The company's performance led to an increase in its share price targets by both TD Cowen and Evercore ISI, reflecting confidence in NetApp's growth prospects.
• The strong growth in the all-flash array and hybrid cloud segments, as highlighted in the quarterly earnings call, further contributed to the bullish movement in NetApp's stock.
• Overall, NetApp's strategic focus on cloud storage and data management solutions, coupled with positive earnings results and analyst outlook, propelled the stock to a bullish trajectory.

04.03.2024 - NTAP Stock was down 1.5%

• NetApp Inc's stock experienced a bearish movement today.
• The company's President, Cesar Cernuda, sold 22,000 shares, potentially signaling a lack of confidence in the company's short-term prospects.
• Insider selling activities, including by competitors, may have contributed to negative sentiment towards NetApp.
• The broader market rally, led by well-known tech stocks, may have overshadowed NetApp's performance, causing investors to shift focus away from lesser-known companies like NetApp.

27.01.2025 - NTAP Stock was down 5.1%

• Speculation about subdued IT spending in the industry possibly influenced the stock's downward movement. This concern could have impacted revenue outlook for the company.
• Market expectations for NetApp's Q3 earnings might have prompted investors to lock in profits, creating selling pressure on the stock.
• A closer look at key metrics for NetApp may have unveiled operational challenges or uncertainties, adding to the prevailing bearish sentiment.
• Emphasis on earning monthly dividend income from NetApp shares could have redirected investor focus towards immediate returns, potentially triggering a stock sell-off and a decline in price.