InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$203.80

2026-10-16

Market Cap

$40.0B

Volume

3.2M

52-Wk High

$240.87

52-Wk Low

$93.69

Trailing PE

28.4

P/S

5.42

Gross Margin

70.6%

Net Margin

19.2%

ROE

114%

ROIC

21%

Piotroski

7/9

Altman Z

4.0

1-Yr Return

+73.3%

5-Yr Return

+433.1%

NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California.

SectorTechnologyIndustryComputer HardwareExchangeNASDAQMarket Cap$40.0BEmployees11,700 (SEC-filed)CEOGeorge KurianIPO1995-11-21CountryUS

3060 Olsen Drive, San Jose, CA 95128 · Tel 408 822 6000 · netapp.com

INSIDERSTREET SCORE75 / 100Street mean $217.57 (14 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$46M sold / 6 mo, zero open-market buys

1 Year vs S&P 500 · NTAP +73.3% · S&P 500 +15.9% · spread +57.4pp

7 Years vs S&P 500 · NTAP +433.1% · S&P 500 +189.9% · spread +243.2pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

INSIDERSTREET
SCORE75of 100

Score Breakdown

Profitability	85/100
Growth	76/100
Momentum	90/100
Quality	78/100
Earnings Quality	78/100
Balance Sheet	63/100
Value	45/100
Risk (safety)	90/100
Overall	75.1/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
P	63
HPQ	43
HPE	55
SMCI	31
LOGI	82
WDC	70
NTAP	75

IS Score Trend — quarterly

17 quarters, 23 Q1 to 27 Q1. Peak 76 in 25 Q2, latest 75 — -1 since. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY75 / 100IS Score 75.1 / 100 · -0.5 from peak of 76

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTURELEAN BEARISHTechnical Score 43 / 100 · Power -14 · 7 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

These two disagree — business quality 75, price structure 43 out of 100, so the business reads better than the price does. We publish the disagreement rather than resolving it: they answer different questions, and the gap between them is information, not an error.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 75.1	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 64 → 66 → 70 → 75	the direction matters more than the level
Technical vote share back above 50%	now 45%	price structure no longer broken
Institutional holder count rises two quarters running	peak 966 → now 966	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score1 of 4top 66% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)0 buysnone disclosed

Insider Buys (180d)0none disclosed

ETF Funds (30d)1387 up / 1229 downnet +158 funds

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 966 · latest 966 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%	Guard
2026 Q2	966	195.2M	$29.5B	99.6%
2026 Q1	861	197.7M	$20.0B	100.9%	ex-outlier 90.7%
2025 Q4	901	196.5M	$20.8B	100.3%	ex-outlier 86.4%
2025 Q3	875	190.0M	$22.3B	97.0%
2025 Q2	847	191.8M	$20.3B	97.8%
2025 Q1	829	187.4M	$16.3B	95.6%
2024 Q4	877	191.4M	$22.0B	97.7%
2024 Q3	835	187.7M	$23.0B	95.8%
2024 Q2	823	189.2M	$23.6B	96.5%
2024 Q1	769	190.0M	$19.4B	96.9%
2023 Q4	732	189.9M	$16.3B	96.9%
2023 Q3	670	185.2M	$13.7B	94.5%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

Why 2026-03 reads 100.87%. Institutions cannot hold more of a company than exists. The reported 197.7M shares exceed the 196.0M outstanding, and a single filer accounts for the excess: BlackRock, Inc. reports 19,907,827 shares against 20,401,787 the prior quarter, a 1x jump, which alone would be 10.2% of the company. Excluding that filing, ownership is 90.7%. We publish both figures. 13F filings are due 45 days after quarter end and amendments keep arriving after that, so the newest quarter is provisional by construction - this is what an unsettled quarter looks like.

Why 2025-12 reads 100.26%. Institutions cannot hold more of a company than exists. The reported 196.5M shares exceed the 196.0M outstanding, and a single filer accounts for the excess: VANGUARD GROUP INC reports 27,157,594 shares against 27,198,567 the prior quarter, a 1x jump, which alone would be 13.9% of the company. Excluding that filing, ownership is 86.4%. We publish both figures. 13F filings are due 45 days after quarter end and amendments keep arriving after that, so the newest quarter is provisional by construction - this is what an unsettled quarter looks like.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
O'Callahan Elizabeth M	EVP, Chief Admin. Officer	2026-10-12	SELL	1,000	$0.24M	29,737
Palin Carrie	director	2026-10-02	SELL	5,000	$1.08M	6,660
Held Gerald	director	2026-10-01	SELL	5,757	$1.22M	10,325
Kurian George	director, CEO	2026-10-01	SELL	3,689	$0.77M	214,848
Kurian George	director, CEO	2026-10-01	SELL	3,612	$0.76M	211,236
Kurian George	director, CEO	2026-10-01	SELL	1,697	$0.36M	209,539
Kurian George	director, CEO	2026-10-01	SELL	1,002	$0.21M	208,537
Kurian George	director, CEO	2026-09-29	SELL	50,000	$10.50M	218,537

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	35	241,152	$45.9M	Counted
M — Exercises (paired A/D)	39	149,769	—	None — mechanics
F — Tax withholding	22	189,595	$24.4M	None — compensation
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$45.9M35 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-10-13	Elizabeth O'Callahan	1,000	$0.2M
2026-10-02	Carrie Palin	5,000	$1.1M
2026-10-01	Gerald D Held	5,757	$1.2M
2026-10-01	George Kurian	10,000	$2.1M
Trailing 12 mo	30 filings	251,767	$47M

Filed	Form	Reporting person	% of class	Shares
2026-04-30	SCHEDULE 13G	Vanguard Capital Management	7.29%	14.4M sh
2026-04-29	SCHEDULE 13G	Vanguard Portfolio Management	6.44%	12.7M sh
2025-11-14	SCHEDULE 13G/A	PRIMECAP MANAGEMENT CO/CA/	4.82%	9.6M sh
2025-07-29	SCHEDULE 13G/A	The Vanguard Group	13.83%	27.7M sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	SELL	$1,001 - $15,000	2026-01-29	2026-02-10
Doug Lamborn	House	SELL	$1,001 - $15,000	2024-11-21	2024-12-06
Doug Lamborn	House	SELL	$1,001 - $15,000	2024-11-21	2024-12-06
John Boozman	Senate	BUY	$1,001 - $15,000	2026-02-27	2026-03-06
Thomas R. Carper	Senate	BUY	$1,001 - $15,000	2020-12-30	2021-01-07
Thomas R. Carper	Senate	BUY	$1,001 - $15,000	2020-12-30	2021-01-06

House 12-Mo1 trades0 purchases

Senate 12-Mo1 trades1 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)861

13F Shares198M100.9% of shares out

New / Closed100 / 119positions, QoQ

Increased / Reduced328 / 309positions, QoQ

Put/Call (13F)1.04option positions

Free Float99.5%195M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Assenagon Asset Management S.A.	414,095	$87M
Wedge Capital Management L L P/Nc	371,353	$78M
Unicom Systems, Inc.	153,500	$32M
Sarasin & Partners Llp	132,156	$28M
Ghp Investment Advisors, Inc.	103,344	$22M
Fjarde Ap-Fonden /Fourth Swedish N	72,969	$15M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.1%	$1.3B
VSMPX	0.1%	$1.3B
VTSAX	0.1%	$1.3B
VTI	0.1%	$1.3B
VFFSX	0.1%	$1.1B
VFINX	0.1%	$1.1B

13F Filers Holding NTAP — quarterly

Institutional Put/Call — quarterly

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session39.0%2026-10-15

20-Day Avg61.3%50-day 58.5%

TrendRising20d vs 50d

By Market CenterQ: 38% · N: 53% · B: 26%latest session

Weekly Notional ($B)

Where NTAP Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	2.0M	43 sh
Ubsa Ubs Ats	1.8M	46 sh
Ebxl Level Ats	1.6M	24 sh
Mstx Ms Trajectory Cross (Ats-1)	1.5M	42 sh
Sgmt Sigma X2	1.3M	40 sh
Mspl Ms Pool (Ats-4)	1.0M	152 sh

Where a dollar of NetApp, Inc. revenue goes. All values FY2026 filings, live.

Region	Revenue	Share
Americas	$3.5B	51%
E M E A	$2.4B	34%
Asia Pacific	$1.1B	15%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

NTAP (live moat model)Peer median: P · HPQ · HPE · SMCI · LOGI

Component scores from the live moat model. Peer median illustrative.

Moat score 75/100 — Wide; primary source Intangible Assets.

3.8 · Employees (SEC filings)

Officer	Title
Syam Nair	Executive Vice President & Chief Product Officer
George Kurian	Chief Executive Officer & Director
Cesar Cernuda Rego	President
Wissam G. Jabre	Executive Vice President & Chief Financial Officer

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Quarterly EPS — Actual vs. Consensus

Beats (>2%)4 of 6recent quarters

Avg Surprise+7.2%

Next Report2026-12-01

Income Quality1.34OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY22	FY23	FY24	FY25	FY26
Revenue	+10.0%	+0.7%	-1.5%	+4.9%	+5.4%
Gross profit	+10.6%	-0.3%	+5.3%	+4.1%	+6.2%
Operating income	+12.2%	-12.0%	+19.3%	+10.1%	+26.8%
Net income	+28.4%	+36.0%	-22.6%	+20.3%	+7.6%

$B · FY ends	FY22	FY23	FY24	FY25	FY26
Revenue	6.3	6.4	6.3	6.6	6.9
Cost of revenue	2.1	2.2	1.8	2.0	2.0
Gross profit	4.2	4.2	4.4	4.6	4.9
R&D expense	0.9	1.0	1.0	1.0	1.0
SG&A expense	2.1	2.1	2.1	2.2	2.2
Operating income	1.2	1.0	1.2	1.3	1.7
EBITDA	1.4	1.4	1.6	1.7	1.9
D&A	0.2	0.3	0.3	0.2	0.2
Pretax income	1.1	1.1	1.3	1.4	1.6
Income tax	0.2	-0.2	0.3	0.2	0.4
Net income	0.9	1.3	1.0	1.2	1.3
Diluted EPS ($)	4.09	5.79	4.63	5.67	6.36
Diluted shares (M)	229	220	213	209	199

Operating CF$2B

CapEx$0B

Free cash flow$2B

SBC$0B

Buybacks$1B

Net cash change$-1B

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet — Full

$B	FY23	FY24	FY25	FY26
Cash & equivalents	2.3	1.9	2.7	2.1
ST investments	0.8	1.3	1.1	1.5
Receivables (net)	1.0	1.0	1.2	1.3
Total current assets	4.7	4.9	5.9	5.8
PP&E (net)	0.9	0.9	0.8	0.8
Goodwill + intangibles	2.9	2.9	2.8	2.8
Total assets	9.8	9.9	10.8	10.7
Accounts payable	0.4	0.5	0.5	0.6
Short-term debt	0.0	0.4	0.8	0.0
Deferred revenue	2.2	2.2	2.3	2.3
Total current liabilities	3.5	4.1	4.7	4.0
Long-term debt	2.4	2.0	2.5	2.5
Total liabilities	8.7	8.7	9.8	9.4
Shareholders' equity	1.2	1.1	1.0	1.4

Cash Flow Statement — Full

$B	FY23	FY24	FY25	FY26
Net income	1.3	1.0	1.2	1.3
D&A	0.2	0.3	0.2	0.2
Stock-based compensation	0.3	0.4	0.4	0.4
Working capital change	(0.1)	0.0	(0.2)	(0.0)
Operating cash flow	1.1	1.7	1.5	2.1
Capital expenditures	(0.2)	(0.2)	(0.2)	(0.2)
Investing cash flow	(1.4)	(0.7)	0.1	(0.6)
Buybacks	(0.9)	(0.9)	(1.2)	(1.0)
Dividends paid	(0.4)	(0.4)	(0.4)	(0.4)
Debt issuance / (repay)	(0.2)	0.0	0.8	(0.8)
Financing cash flow	(1.5)	(1.3)	(0.8)	(2.1)
Free cash flow	0.9	1.5	1.3	1.9

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
PROFITABILITY
ROE	123.0%	127.6%	85.6%	108.5%	106.7%	114%
ROA	9.7%	12.8%	10.0%	11.5%	11.8%	12.9%
ROIC	-278.1%	157.4%	173.6%	167.4%	258.6%	21.1%
Gross margin	66.8%	66.2%	70.7%	70.2%	70.7%	70.6%
Operating margin	18.3%	16.0%	19.4%	20.3%	24.5%	25.7%
Net margin	14.8%	20.0%	15.7%	18.0%	18.4%	19.2%
EBITDA margin	21.6%	22.5%	25.2%	25.7%	27.9%	29.0%
FCF margin	15.6%	13.6%	24.4%	20.4%	27.0%	—
VALUATION
P/E	16.40	10.17	21.36	15.45	16.95	28.4
P/B	18.34	11.18	18.38	17.61	16.01	26.7
P/S	2.43	2.04	3.36	2.79	3.12	5.42
P/FCF	15.60	14.93	13.77	13.69	11.57	24.3
EV/EBITDA	10.00	8.93	12.94	10.63	10.62	19.1
EV/Revenue	2.24	1.98	3.27	2.73	3.00	5.5
Earnings yield	6.1%	9.8%	4.7%	6.5%	5.9%	3.55%
FCF yield	6.4%	6.7%	7.3%	7.3%	8.6%	4.12%

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
LEVERAGE & SOLVENCY
Current ratio	1.50	1.35	1.19	1.26	1.44	1.24
Quick ratio	1.45	1.30	1.15	1.22	1.39	1.16
Debt / equity	3.51	2.32	2.31	3.36	2.02	1.69
Debt / assets	29.3%	27.3%	26.8%	32.3%	25.4%	23.1%
Net debt / EBITDA	-0.84	-0.27	-0.38	-0.21	-0.43	0.45
Interest coverage	16.00	16.91	20.73	22.61	16.12	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
EFFICIENCY
Asset turnover	0.65	0.64	0.64	0.63	0.64	0.67
Receivables turnover	5.81	5.74	6.29	5.83	5.47	7.7
DSO (days)	63	64	58	63	67	48
DPO (days)	89	85	90	96	96	95
Cash conversion cycle	1	10	3	1	6	16
GROWTH (YoY)
Revenue growth	10.0%	0.7%	-1.5%	4.9%	5.4%	—
Net income growth	28.4%	36.0%	-22.6%	20.3%	7.6%	—
EPS growth	28.9%	42.9%	-20.8%	23.8%	11.4%	—
FCF growth	-15.9%	-11.9%	76.3%	-12.5%	39.7%	—
PER SHARE ($)
EPS (diluted, TTM)	4.11	5.87	4.65	5.76	6.41	7.23
Book value / share	3.68	5.34	5.41	5.05	6.79	7.63
Revenue / share	27.71	29.32	29.56	31.90	34.80	37.71
FCF / share	4.32	4.00	7.22	6.50	9.39	8.42
Cash / share	18.13	14.15	15.34	18.67	18.01	18.24
SHAREHOLDER RETURN & SCORES
Buyback yield	3.9%	6.6%	4.3%	6.3%	4.4%	2.38%
Altman Z-Score	2.27	2.11	2.65	2.30	2.78	4.0
Piotroski F-Score	7	7	6	7	9	7/9
Beneish M-Score	-2.27	-2.48	-2.82	-2.39	-2.79	-2.41

Model	Score	Zone	Note
Piotroski F-Score	7 / 9	Strong
Altman Z-Score	4.0	Safe (>2.99)	Safe
Income quality	1.34	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.41	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.78
Interest burden	0.93
Operating margin	26.6%
Asset turnover	0.72×
Financial leverage	8.35×
= ROE	115%

Growth Quality (live)	Value
Revenue stability	0.84
Earnings stability	0.81
Earnings persistence	0.92
Revenue CAGR 3y	6.0%
EPS CAGR 3y	8.2%
FCF CAGR 3y	15.5%

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Buyback Yield2.38%

Dividend Yield1.02%

Total Shareholder Return3.24%cash yield

SBC / Revenue5.4%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
P	$41.3B	163.2	18%	6.3%	+45.1%	6/9	+102.7%
HPQ	$27.1B	11.3	-494%	4.2%	+8.1%	7/9	+16.0%
HPE	$73.2B	27.4	11%	12.6%	+26.6%	8/9	+146.4%
SMCI	$20.8B	8.7	21%	10.6%	+77.8%	5/9	-41.3%
LOGI	$15.0B	19.0	35%	19.2%	+6.6%	9/9	—
WDC	$124.3B	12.2	133%	—	-2.7%	6/9	—
IONQ	$12.7B	-7.3	-63%	—	+370.6%	5/9	—
STX	$145.3B	43.9	372%	35.7%	+34.1%	8/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Hold

71 Analysts

Str Sell (0)Sell (8)Hold (37)Buy (26)Str Buy (0)

Mean Target (qtr)$217.5714 targets

Target vs. Price+6.8%last-quarter mean

Next Report2026-12-01street $2.60

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$6.85B	$6.91B / $6.80B	$7.98	$8.02 / $7.95	13
FY2026	$6.85B	$6.91B / $6.80B	$7.98	$8.02 / $7.95	12
FY2027	$8.18B	$8.58B / $8.05B	$10.00	$10.94 / $9.79	11

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$275.00	+34.9%	4
Last Quarter	$217.57	+6.8%	14
Last Year	$186.50	-8.5%	26
All Time	$125.82	-38.3%	86

Rolling mean of published targets vs. last close $203.80. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

B

DCF

3/5

ROE

5/5

ROA

5/5

Debt/Eq

1/5

P/E

2/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

NTAP +73.3% vs S&P 500 +15.9% — spread +57.4pp

Sector — XLK +29.0%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$215.96	-12.16	-5.63%	Below
SMA 50	$201.65	+2.15	+1.07%	Above
SMA 200	$143.90	+59.90	+41.63%	Above
EMA 9	$221.14	-17.34	-7.84%	Below
EMA 21	$215.88	-12.08	-5.60%	Below
EMA 50	$202.00	+1.80	+0.89%	Above
EMA 200	$158.99	+44.81	+28.18%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTLEAN BEARISHPower Score -147 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%50

Momentum 25%10

Volume 20%56

Volatility 10%67

Patterns 15%50

This Week45% bullishof 11 price-based votes

4 Weeks Ago91%-46 pts since

12 Weeks Ago73%-28 pts since

ReadStabilizingweek-over-week trajectory

Price vs SMA 20$215.96

Price vs SMA 50$201.65

Price vs SMA 200$143.90

EMA 9/21 Cross221.1/215.9

SMA 50/200Golden

ADX DirectionADX 30

Supertrend$238

Parabolic SAR$239

SMA Slope0.320

RSI43.8

Stochastic K/D35/61

StochRSI K/D0/30

Williams %R-91

CCI-42

TSI vs Signal23.7

CMO-12.3

ROC-9.73%

OBV SignalDistrib

Chaikin MF0.120

MFI57

Force Index-9M

Elder Ray Bull-1.57

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 61

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$214.32 / $218.81 / $222.93	S1 / S2	$210.20 / $205.71
Bollinger (20,2)	$185.26 – $246.66	Squeeze	Off
52-wk range	$92.72 – $240.87	Off 52-wk high	-15.4%
ATR (14)	$9.23 (4.5%)	Historical vol	47.5%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

-1.3%Jan55%

-2.6%Feb35%

-0.2%Mar48%

+2.0%Apr65%

+0.3%May65%

+1.4%Jun55%

+2.8%Jul55%

+2.5%Aug65%

+0.5%Sep55%

+1.1%Oct50%

+2.8%Nov50%

+0.3%Dec50%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	NTAP	S&P 500
Weekly volatility (σ, 1y)	6.61%	1.83%
Best / worst week (1y)	+28.9% / -9.5%	—
Max drawdown (5y, monthly)	-42.5%	—
1-week VaR (95%)	-7.0%	—
Beta (5y)	1.43	1.00

NTAP EQUITY WEATHER (LIVE)CLOUDY · -9

Trend+7

Momentum-43

Volume+51

Volatility-60

Breadth-17

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 323 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-9.3+13.1 vs industry

Trend+6.7+27.3 vs industry

Momentum-43.4-9.2 vs industry

Volume+51.1+52.1 vs industry

Reading	NTAP	Computer Hardware n=357	Technology n=6,969	All US symbols n=70,435
Overall	-9.3	-22.4	-20.7	-20.5
Trend	+6.7	-20.6	-20.8	-21.3
Momentum	-43.4	-34.1	-28.5	-15.8
Volume	+51.1	-1.0	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Syam Nair Executive Vice President and Chief	$34.3M	91% equity+incentive
George Kurian Chief Executive Officer	$22.2M	95% equity+incentive
Wissam Jabre Executive Vice President and Ch	$11.5M	93% equity+incentive
Cesar Cernuda President	$11.1M	91% equity+incentive
Elizabeth M. O’Callahan Executive Vice Presi	$6.6M	89% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	69
Social	59
Governance	63
Composite ESG	64

Composite ESG Trend

Filed	8-K contents	Items
2026-09-11	Bylaws Amendment; Shareholder Vote	5.03,5.07
2026-09-02	Earnings Release; Exhibits	2.02,9.01
2026-05-28	Earnings Release; Other Events; Exhibits	2.02,8.01,9.01
2026-02-26	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01
2026-01-12	Departure/Election of Directors; Appointment of Officers; Regulation F	5.02,7.01,9.01
2025-11-25	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01
2025-09-15	Departure/Election of Directors; Appointment of Officers; Submission o	5.02,5.07,9.01
2025-08-27	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2021 to 2026
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-12-01 to 2026-09-02
Analyst estimates	dim/forward_estimates	3 rows · 2026-04-24 to 2027-04-24
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	81 rows · 2001 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-09-14 to 2026-10-12
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2025-07-29 to 2026-04-30
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

NetApp, Inc. (NTAP)

NetApp, Inc. (NTAP)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

NetApp, Inc. (NTAP)

Institutions holding — 12 quarters

NetApp, Inc. (NTAP)

Monthly Net Insider Flow (000 shares)

Signal Summary

NetApp, Inc. (NTAP)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding NTAP — quarterly

Institutional Put/Call — quarterly

NetApp, Inc. (NTAP)

Where NTAP Trades in the Dark

NetApp, Inc. (NTAP)

3.8 · Employees (SEC filings)

NetApp, Inc. (NTAP)

NetApp, Inc. (NTAP)

NetApp, Inc. (NTAP)

Balance Sheet — Full

Cash Flow Statement — Full

NetApp, Inc. (NTAP)

NetApp, Inc. (NTAP)

NetApp, Inc. (NTAP)

NetApp, Inc. (NTAP)

Street Price Target — Trajectory

Third-Party Composite Rating

NetApp, Inc. (NTAP)

NetApp, Inc. (NTAP)

Family Scores (site weights)

NetApp, Inc. (NTAP)

NetApp, Inc. (NTAP)

NetApp, Inc. (NTAP)