
NTAP · Nasdaq
NetApp sells enterprise data-storage and data-management technology, including systems and services used to store, protect, and move workloads across on-premises and cloud environments. It makes money from product sales and support or other services to business and institutional customers. The supplied evidence does not provide a segment revenue split, customer mix, or the contribution of individual offerings. NetApp reported FY2026 revenue of $6.9 billion and net income of $1.3 billion, up from $6.6 billion and $1.2 billion, respectively, in FY2025, establishing its current annual scale.
NetApp rose $15.93, or 9.13%, from $174.53 on July 28 to $190.46 on August 4. The stock initially slipped to $173.23 on July 29 before stabilizing, then accelerated to $178.50 on July 31, $182.92 on August 3, and $190.46 on August 4; the final session also brought volume of 3.77 million shares, roughly double the prior session. The late-week advance coincided with NetApp moving above the $177.24 average analyst target cited by BNK Invest. No company-specific announcement is supplied to explain the move. Instead, the evidence places it against a late-July AI-trade pullback that pressured semiconductor and memory stocks, while NetApp shares moved higher and outperformed that broader technology weakness.