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NTAP

NETAPP INC

Information Technology · Technology Hardware, Storage & Peripherals

$103.12

+2.39%

Vol: 0.1M

Araverus Market Read

Thursday, March 19, 2026

Positive

Strong all-flash array momentum powers record quarter amid modest after-hours decline

NetApp closed at $101.92 yesterday with after-hours decline of 1.06% to $103.00. Q3 FY26 net revenues of $1.71B (up 4% YoY) and record non-GAAP EPS of $2.12 beat expectations, with all-flash array revenue hitting record $1.0B (up 11% YoY). Analyst average price target is $117.93 with 9 buy ratings versus 1 sell.

Price 50d 200d

Previous Market Reads

2 of 2 days

Sector Peers

CompanyPriceDay1MFwd P/EBetaMkt Cap
NVDANVIDIA$178.50-1.18%-3.5%16.1x2.38$4.34T
AAPLAPPLE$248.91-0.51%-5.7%26.7x1.12$3.66T
MSFTMICROSOFT$389.28-0.64%-1.8%20.6x1.11$2.89T
AVGOBROADCOM$319.77+1.12%-3.8%18.1x1.26$1.52T
MUMICRON$444.60-3.71%+11.1%4.7x1.54$500.0B
ORCLORACLE$155.66+1.81%+1.0%19.5x1.65$447.3B
PLTRPALANTIR$155.70+1.88%+17.0%83.4x1.74$372.3B
AMDADVANCED$205.36+2.96%+1.1%19.1x2.02$334.7B
CSCOCISCO$78.50+1.06%+2.2%17.4x0.83$310.2B

Fundamentals

Market Cap$20.4B
P/E (TTM)17.3
Forward P/E12.1
Beta1.35
Div Yield206.00%
Prev Close$100.71

RSI (14-Day)

59Neutral
0305070100

52-Week Range

$71.84$103.12$126.66
From High-18.6%
From Low+43.5%

Moving Averages

50d SMA
$100.99+2.1%
200d SMA
$108.39-4.9%

Price below 200d MA — bearish structure.

Returns

1W
+6.4%
1M
+1.8%
3M
-8.4%
6M
-16.0%
1Y
+14.1%
YTD
-3.1%

Volume

Today83K
20d Avg2.3M
Ratio0.04x