NetApp (NASDAQ:NTAP) Azioni

NETAPP INC

NetApp

NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of the cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services. Geographically, the company generates the majority of its revenue from the United States, Canada and Latin America (Americas).

NetApp Inc

JP Morgan analyst Samik Chatterjee maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Overweight and raises the price target from $115 to $130.

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NTAP

JP Morgan Maintains Overweight on NetApp, Raises Price Target to $130

BofA Securities analyst Wamsi Mohan observed that from 2006 to 2024, <a href="https://www.benzinga.com/topic/artificial-intelligence" target="_blank" rel="noreferrer noopener">server market revenues</a> grew at a 9% compound annual rate, while unit volumes rose by 4% annually. Looking ahead, he expects artificial intelligence to drive most of the revenue growth in the server market over the next six years.
Mohan projected server market revenues to grow at a 25% annual rate between 2024 and 2030, with unit shipments increasing at a 7% annual pace.
Also Read: <a href="https://www.benzinga.com/tech/25/05/45677102/dell-hewlett-packard-super-micro-set-to-benefit-from-nvidias-ai-chip-ramp" target="_blank" rel="noreferrer noopener">Dell, Hewlett-Packard, Super Micro Set To Benefit From Nvidia&#8217;s AI Chip Ramp</a>
Mohan identified Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Hewlett-Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) as key beneficiaries of rising AI server demand. He also noted that Seagate Technology Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), and Pure Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) could benefit over the long term as AI workloads boost demand for storage solutions.
Mohan projected that AI server revenues will outpace overall server market growth between 2024 and 2030, rising at a 28% CAGR compared to the broader market&#8217;s 25% CAGR. He estimated that non-AI server revenues will grow more slowly, at about 4% annually.
Mohan also expects AI server unit shipments to increase at a 15% CAGR, while total server units grow at a 7.2% annual rate during the same period. He forecasted double-digit revenue growth for training and inference systems within AI servers, predicting 20% CAGR for training servers and a significantly faster 47% CAGR for inference servers through 2030.
Dell: He identified Dell as a key beneficiary of growing AI server demand, particularly as enterprises expand their use of AI for inferencing. Mohan noted that Dell ended the first quarter of fiscal 2026 with an AI server backlog of $14.4 billion, having recognized $1.8 billion in revenue and booked $12.1 billion in new orders during the quarter.
Mohan projected Dell&#8217;s AI server revenue could rise from an estimated $9.8 billion in 2024 to over $17 billion in 2025, surpass $30 billion in 2026, and exceed $44 billion in 2027. 
Hewlett Packard Enterprise: Mohan also identified Hewlett Packard Enterprise as a significant beneficiary of rising AI demand, estimating its AI server revenue could grow from $4.5 billion in 2024 to $10 billion in 2025, $15 billion in 2026 and $20 billion by 2027. He noted Hewlett Packard Enterprise ended the second quarter of fiscal 2025 with an APU backlog of $3.2 billion, slightly above the $3.1 billion reported at the end of the first quarter.
What&#8217;s Next: Mohan pointed out that newer GPUs, such as Nvidia&#8217;s Blackwell, require significant power, prompting server and rack manufacturers to integrate liquid cooling systems into their designs. While this specialized hardware currently commands premium pricing, he expects increased competition will eventually push prices down and squeeze margins.
Due to intensifying competition in the AI server market, Mohan expects profit margins to remain under pressure. With GPUs making up a large portion of the cost, he sees operating margins staying in the low-to-mid single digits in the near term.
Mohan projected server industry revenues to grow at a 25% CAGR from 2024 to 2027, primarily fueled by the expansion of AI servers, which command significantly higher average selling prices (ASPs) than general-purpose servers. He forecasted overall server unit growth at 7% CAGR, with ASPs rising at a 16% CAGR during the same period.
Mohan expects most early AI-related demand to center on mid-range and high-end training servers, while inference server demand will rise in later years, primarily in the mid-range segment.
Mohan predicted volume servers, typically priced below $10,000 and used in non-AI applications, will grow at a mid-single-digit pace (5% CAGR over six years). In contrast, Mohan expects mid-range server units to grow at a 19% CAGR, driven by training and inference demand, while high-end server units will grow even faster at a 39% CAGR, fueled by the need to train AI models.
DELL, HPE Price Actions: At publication on Wednesday, Dell stock was up 1.60% at $126.45, Hewlett Packard Enterprise is flat at $20.82.
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Dell, HPE Named Top AI Server Plays As Analyst Cites $14 Billion Backlog

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Shares of companies across the broader tech sector are trading lower amid negative overall market sentiment driven by the escalating conflict between Israel and Iran.

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Shares of companies within the broader tech sector are trading higher amid overall market strength due to a rise in NVIDIA, a slight improvement in consumer confidence and as traders await details on potential US trade deals.

Ratings for NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) were provided by 11 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">7</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $107.18, a high estimate of $117.00, and a low estimate of $90.00. A 5.07% drop is evident in the current average compared to the previous average price target of $112.91. 
<img src="https://www.benzinga.com/files/images/story/2025/1748898041_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A clear picture of NetApp's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Tim Long</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$117.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$115.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>David Vogt</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$108.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Aaron Rakers</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$106.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$105.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Tim Long</td>
<td>Barclays</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Amit Daryanani</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$100.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$113.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$90.00</td>
<td>$110.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to NetApp. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of NetApp compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of NetApp's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into NetApp's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/NTAP/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on NetApp analyst ratings.</a>
<h2>Discovering NetApp: A Closer Look</h2>
NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.
<h3>NetApp's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3M period, NetApp showcased positive performance, achieving a revenue growth rate of 5.55% as of 30 April, 2025. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: NetApp's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 19.63%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 33.42%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.43%, the company showcases effective utilization of assets.
Debt Management: NetApp's debt-to-equity ratio surpasses industry norms, standing at 3.11. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into NetApp Stock: Analyst Perspectives (11 Ratings)

Citigroup analyst Asiya Merchant maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Neutral and raises the price target from $105 to $110.

Citigroup Maintains Neutral on NetApp, Raises Price Target to $110

A strong May for U.S. equities is closing on a sour note, after President Donald Trump accused China of "totally" breaching a tariff agreement, raising new <a href="https://www.benzinga.com/cannabis/25/05/45693219/feds-favorite-inflation-gauge-slows-but-trumps-china-accusation-flips-market-mood">fears over trade disputes.</a>
The White House is reportedly planning broader tech sanctions against China, with a proposed rule targeting companies majority-owned by already-sanctioned firms. According to people familiar with the matter, these firms would face new licensing conditions from the U.S. government, heightening pressure on Beijing. 
Friday&#8217;s economic reports offered mixed signals. Although inflation showed signs of cooling, consumers pulled back on monthly spending, signaling weakening demand. Personal spending growth slowed to 0.2% in April, a sharp deceleration from 0.7% in March.
Meanwhile, Main Street is sending warning signals, as consumer sentiment remained deeply depressed, holding at a three-year low, according to the<a href="https://www.benzinga.com/markets/economic-data/25/05/45697983/consumer-sentiment-stuck-at-3-year-lows-as-inflation-fears-hit-44-year-high"> University of Michigan's final May reading.</a> Moreover, year-ahead inflation expectations jumped to 4.5%, the highest since 1981.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) was the worst performer among the mega-cap names, sliding 4% and fully erasing the gains it had notched following Wednesday&#8217;s stronger-than-expected earnings release.
The broader market mirrored the decline. The S&amp;P 500 fell 1% to 5,858 points, while the tech-heavy Nasdaq 100 tumbled 1.3% to 21,100—both marking their lowest levels of the week.
Only defensive sectors such as consumer staples and utilities managed to stay above water, as investors rotated into perceived safe havens amid geopolitical and economic unease.
Crude oil prices declined 1.5% to $60 a barrel amid speculation that OPEC+ could consider a production hike larger than the 410,000 barrels-per-day increase already planned. The group is set to meet Saturday.
Gold, often seen as a haven during market stress, failed to gain traction and dropped 0.9% to trade below $3,300 per ounce.
Cryptocurrency markets also faced headwinds. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) sank below $105,000, hitting its lowest level since May 20.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,015.10</td>
<td>-0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,858.41</td>
<td>-1.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,054.65</td>
<td>-1.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,105.32</td>
<td>-1.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 1% to $584.56.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased 0.5% to $420.37.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;fell 1.3% to $513.31.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) slipped 1% to $204.09.</li>
<li>The&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up 0.7%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.6%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul class="wp-block-list">
<li>Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) up 3.60%</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) down 3.33%</li>
<li>Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) up 8.24%</li>
<li>Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) up 11.13%</li>
<li>NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) down 0.57%</li>
<li>The Cooper Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) down 14.60%</li>
<li>The Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) down 19.18%</li>
</ul>
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Wall Street Slumps As Trump Reignites China Trade Tensions, Nvidia Wipes Out Earnings Rally: What's Driving Markets Friday?

NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) reported fiscal fourth-quarter results on Thursday. The company reported quarterly sales of $1.73 billion (+4% year over year), beating the Street view of $1.72 billion.
The company reported adjusted earnings per share of $1.93, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45680618/netapp-reports-record-results-for-fourth-quarter-and-fiscal-year-2025" rel="noreferrer noopener">beating the analyst consensus estimate of $1.90</a>.
Following the results, Wells Fargo analyst Aaron Rakers maintains NetApp with an Equal Weight rating, lowering the price forecast from&nbsp;$115&nbsp;to&nbsp;$100.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45530460" rel="noreferrer noopener">Trump&#8217;s&nbsp;$6 Trillion&nbsp;Investment Deals Face Reality Check: Only A Fraction May Reach The Real Economy</a>
UBS analyst David Vogt reiterated the Neutral rating on the stock, decreasing the price forecast from $115 to $108.
In the fourth quarter, Hybrid Cloud segment revenue rose to $1.57 billion, up from $1.52 billion in the fourth quarter of fiscal 2024. Public Cloud segment revenue reached $164 million, compared to $152 million in the prior-year quarter.
Quarterly billings reached $2.03 billion, up from $1.81 billion in the fourth quarter of fiscal 2024, marking a 12% year-over-year increase.
The company reported operating cash flow of $675 million, compared to $613 million in the fourth quarter of fiscal year 2024.
The company reported cash and equivalents of $3.85 billion at the end of the fourth quarter of fiscal year 2025.
In the fourth quarter, NetApp returned $355 million to its stockholders through a combination of share repurchases and cash dividends, it said in a press release.
According to George Kurian, CFO of NetApp, fiscal year 2025 saw numerous revenue and profitability records for NetApp. This success was attributed to significant market share gains in all-flash storage and the accelerating growth of their first-party and marketplace storage services.
Kurian also noted the company&#8217;s strategic moves during the year, including a refresh of their entire systems portfolio, a sharper focus on cloud services, and positioning to lead in the enterprise AI market.
Looking ahead to fiscal year 2026, he expressed confidence in continued long-term growth, citing the company&#8217;s strongest portfolio to date, a differentiated value proposition, and ongoing innovation and market expansion following a year of market share gains.
NetApp expects first-quarter adjusted EPS to range between $1.48 and $1.58, below the $1.65 estimate. The company forecasts first-quarter revenue between $1.455 billion and $1.605 billion, compared to the $1.61 billion consensus.
NetApp projects FY2026 adjusted EPS between $7.60 and $7.90, compared to the $7.72 estimate. The company expects revenue between $6.625 billion and $6.875 billion, versus the $6.86 billion consensus.
Price Action: NTAP shares are trading lower by 0.51% to $98.71 at last check Friday.
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NetApp Q1 Outlook Falls Short, Analyst Lowers Price Forecast

Barclays analyst Tim Long maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Overweight and raises the price target from $115 to $117.

Barclays Maintains Overweight on NetApp, Raises Price Target to $117

JP Morgan analyst Samik Chatterjee maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Overweight and lowers the price target from $120 to $115.

JP Morgan Maintains Overweight on NetApp, Lowers Price Target to $115

NTAP stock has given up its prior loss. NetApp shares were trading lower after the company issued soft Q1 guidance.

UBS analyst David Vogt maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Neutral and lowers the price target from $115 to $108.

UBS Maintains Neutral on NetApp, Lowers Price Target to $108

Wells Fargo analyst Aaron Rakers maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Equal-Weight and lowers the price target from $115 to $100.

Wells Fargo Maintains Equal-Weight on NetApp, Lowers Price Target to $100

U.S. stock futures were lower this morning, with the Dow futures falling around 0.1% on Friday.
Shares of Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) fell sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/ESTC/earnings">fourth-quarter results.</a>
Elastic posted adjusted earnings of 47 cents per share, beating market estimates of 37 cents per share. The company's sales came in at $388.43 million versus expectations of $380.36 million.
Elastic said it sees first-quarter adjusted EPS of 41 to 43 cents on sales of $396.00 million to $398.00 million.
Elastic shares dipped 9.7% to $83.23 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul class="wp-block-list">
<li>The Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) dipped 13.7% to $24.10 in pre-market trading after the company reported first-quarter financial results and warned tariffs could result in a gross estimated incremental cost of approximately $250 million to $300 million.</li>
<li>The Cooper Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) declined 10% to $72.00 in pre-market trading following second-quarter results.</li>
<li>Regeneron Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) shares fell 8.8% to $552.00 in pre-market trading after the company and Sanofi said the AERIFY-1 study met its primary endpoint but the AERIFY-2 study did not.</li>
<li>Newsmax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMAX#NYSE">NMAX</a>) fell 8.2% to $20.49 in pre-market trading. Newsmax filed for resale of up to 121 million shares of Class B common stock by selling stockholder.</li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) declined 7.4% to $40.01 in pre-market trading.</li>
<li>American Eagle Outfitters, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) fell 7.2% to $10.38 in pre-market trading after the company reported worse-than-expected first-quarter financial results.</li>
<li>Venu Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VENU#NASDAQ">VENU</a>) dipped 6.1% to $12.10 in pre-market trading after gaining 8% on Thursday. Venu Holding recently announced it will join the Russell 3000 Index.</li>
<li>NetApp, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) dipped 5.2% to $94.00 in pre-market trading after the company issued soft first-quarter guidance.</li>
</ul>
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/05/45691209/top-3-materials-stocks-that-could-blast-off-this-month-2">Top 3 Materials Stocks That Could Blast Off This Month</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Markets

Movers

ESTC

IONQ

NMAX

REGN

VENU

Elastic, Gap, Regeneron Pharmaceuticals And Other Big Stocks Moving Lower In Friday's Pre-Market Session

NetApp shares are trading lower after the company issued soft Q1 guidance.

<h3>Gainers</h3>
<ul>
<li>Digital Ally (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) stock increased by 11.1% to $2.8 during Thursday's after-market session. The market value of their outstanding shares is at $4.6 million. </li>
<li>UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) shares rose 10.35% to $14.28. The company's market cap stands at $7.8 billion. The company's, Q1 earnings came out today. </li>
<li>Argo Blockchain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBK#NASDAQ">ARBK</a>) stock moved upwards by 8.0% to $0.39. The market value of their outstanding shares is at $24.5 million. </li>
<li>Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) shares increased by 5.92% to $265.98. The company's market cap stands at $41.1 billion. The company's, Q3 earnings came out today. </li>
<li>Saiheat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIH#NASDAQ">SAIH</a>) stock increased by 4.95% to $6.14. The market value of their outstanding shares is at $10.4 million. </li>
<li>Mercurity Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFH#NASDAQ">MFH</a>) shares rose 4.76% to $3.3. The company's market cap stands at $210.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) shares declined by 5.9% to $93.38 during Thursday's after-market session. The market value of their outstanding shares is at $18.9 billion. The company's, Q4 earnings came out today. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) stock fell 5.32% to $1.25. </li>
<li>ClearOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) shares decreased by 5.28% to $0.35. The company's market cap stands at $9.1 million. </li>
<li>My Size (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYSZ#NASDAQ">MYSZ</a>) shares decreased by 4.84% to $1.18. The company's market cap stands at $3.6 million. </li>
<li>PagerDuty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>) stock fell 4.35% to $15.4. The company's market cap stands at $1.4 billion. The company's, Q1 earnings came out today. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) shares declined by 4.34% to $2.43. The company's market cap stands at $8.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARBK

CLRO

DGLY

MYSZ

PATH

SAIH

SVRE

12 Information Technology Stocks Moving In Thursday's After-Market Session

Buybacks

NetApp Says Board On May 22 Authorized Repurchase Of Up To Additional $1.1B

NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is looking for FY2026 Adj EPS of $7.60-$7.90 vs $7.72 analyst estimate. sees sales of $6.625 billion-$6.875 billion vs $6.86 billion analyst estimate.

Guidance

NetApp Sees FY2026 Adj EPS $7.60-$7.90 vs $7.72 Est; Sees Sales $6.625B-$6.875B vs $6.86B Est

NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is looking for Q1 Adj EPS of $1.48-$1.58 vs $1.65 analyst estimate. sees sales of $1.455 billion-$1.605 billion vs $1.61 billion analyst estimate.

NetApp Sees Q1 Adj EPS $1.48-$1.58 vs $1.65 Est; Sees Sales $1.455B-$1.605B vs $1.61B Est

Press Releases

NetApp and Intel Partner to Redefine AI for Enterprises

NetApp Hosts Fourth Quarter and Fiscal Year 2025 Financial Results Webcast

NetApp Builds AI Infrastructure on NVIDIA AI Data Platform

NetApp to Participate in Upcoming Technology Conferences

NetApp Reports Record Results for Fourth Quarter and Fiscal Year 2025

NetApp Appoints Disruptive Innovator Syam Nair as Chief Product Officer, Underscoring its Commitment to Bold Product Vision

NetApp Report Highlights Fierce Competition in Global AI Leadership

SE Labs Award Reinforces NetApp Status as the Most Secure Storage on the Planet

NetApp and William Blair & Company to Host a Tech Talk on Intelligent Data Infrastructure for AI

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