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NetApp Inc (NTAP) — chart, structure and Closelooknet read

The Closelooknet read

NetApp sells data management software and storage systems that companies use to run and protect enterprise data across on-premises and cloud settings. Its ONTAP software underpins hardware such as the AFF and ASA arrays, and it offers cloud-native storage built into Azure, AWS and Google Cloud.

Detail below: the desk's view, the earnings record, peers and the company snapshot; daily prices on the price-history tab. Agents can buy the score depth per call over HTTP 402 — see the catalogue. Research diary readings, not advice.

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Signals for this name

Every Closelooknet reading that exists for NTAP, from the same nightly bakes the boards use. Research diary readings, not advice.

Versus its index Agentic Ecosystem Index — the name, its sleeve and the index over day, week and month

Versus its index

The name against its Closelooknet index and its own sleeve — equal-weight, nightly closes.

Agentic Ecosystem Index · as of 2026-11-10

DayWeekMonth3 months
NTAP0.0%−7.8%−26.4%−12.9%
Data & Memory+0.1%−4.5%−16.1%—
Agentic Ecosystem Index0.0%−2.8%−18.1%—

Against the index: 5.0 pts behind on the week, 8.3 pts behind on the month; against its Data & Memory sleeve 10.3 pts behind on the month.

Returns from the index workers’ nightly closes; equal-weight sleeves. A relative reading from the research diary, not advice.

Mentioned on Closelooknet 3 pieces · newest: Morning 10, “AI Trade — Kospi −8.5%, Nikkei −4.7% after hot US inflation; TSMC beats, Nasdaq-100 on support” (2026-10-15)

Mentioned on Closelooknet

Where NTAP appears in the diary — 3 pieces, newest first. Every link is our own writing.

Long reads

101 and glossary

Dailies

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 48/100 · S&P 500 fund at 51, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-11-10
  • Factor regime Defensive rotation — low-vol leading, regime-change watchMomentum against low volatility (SPMO / SPLV): below its 50-day trend, 67th percentile of the window, -18.1% over 20 sessions. Factor regime → 2026-11-10
  • Sector × region Technology in US: −4.3% week · −14.0% month · −10.5% quarter · +5.7% yearThe Sector Engine cell this name lives in, from XLK.US; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-11-10
  • Sovereign pressure Index -1.67 · down 1.71 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-11-09
How it trades on rate days beta −0.10 to TLT · on the worst bond days it moved with the market

How it trades on rate days

How NTAP has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year −0.10 — shows only a loose link to bond moves for every 1% move in TLT (20+ year Treasuries), NetApp Inc moved −0.10% on average · correlation −0.02 · higher than 7% of US names
  • Beta, last 3 months −1.03 less rate-sensitive lately than over the year
  • On the 10 worst bond days −0.90% on average against −0.72% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −0.05% TLT −1.32% that day 2026-11-10

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Who it is priced against Storage · 4 names with week and year-to-date

Peer group

Storage

Curated competitor set — who the market prices this name against, not just who shares its sector.

Compared against NTAP on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Company snapshot — NetApp Inc

NTAP in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
NetApp sells data management software and storage systems that companies use to run and protect enterprise data across on-premises and cloud settings. Its ONTAP software underpins hardware such as the AFF and ASA arrays, and it offers cloud-native storage built into Azure, AWS and Google Cloud. It also sells backup, disaster recovery and ransomware protection, delivered through direct sales and cloud-provider partners.
Where it sits in the stack
NetApp carries no seat in Rubin or Halo, our AI infrastructure indices. It sits in the Storage sleeve of our wider universe, alongside disk and flash makers whose capacity underpins data held for training and inference workloads.
Who it is priced against
Closelooknet's peer group prices NetApp against storage hardware and memory names — Western Digital, Seagate Technology, Sandisk and Micron Technology — reflecting shared exposure to storage-capacity demand. Pure Storage, another all-flash array maker, is the additional comparison investors often draw.
Why Closelooknet tracks it
NetApp holds a seat in the S&P 500 and carries a Closelooknet score, where momentum is the strongest module and valuation the weakest. The diary has quoted it twice: once as one of the all-flash array partners building physical storage for agentic infrastructure, and once on a forward watchlist of storage names tied to a chipmaker's roadmap.
What the diary watches
The diary watches whether cloud storage revenue and all-flash array demand keep pace with the wider build-out, given how closely the name trades alongside its hardware peers.

NetApp Inc (NTAP) trades on US exchanges, classified under Technology.

The Closelooknet company score reads 64/100 composite (momentum 65, quality 85, valuation 40) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

The Street on this name 9 analyst actions on the wire · latest: initiation by Guggenheim, 2026-10-26 · last print 2026-09-02

The Street on this name

Analyst actions and the latest print for NTAP from the Closelooknet wires — third-party opinions on the record, not our readings.

  • Initiation Guggenheim — at Neutral Initiated to Neutral 2026-10-26
  • Price target Goldman Sachs — target 240 from 210 Target raised to $240 from $210 (+5.1% to spot) 2026-10-06
  • Price target Loop Capital — target 260 from 215 Target raised to $260 from $215 (+14.9% to spot) 2026-10-02
  • Latest print EPS 2.58 against 2.12 expected — a +21.7% beat 2026-09-02

9 actions on the analyst wire since 2026-08-13: 1 initiation, 8 target changes. Analyst wire → · Earnings wire →

Dividends and capital return trailing yield 1.18%, quarterly · buybacks 950 m USD in FY2026

Dividends and capital return

What NTAP pays out and buys back — distributions read from the price series, money terms from the filings.

  • Trailing 12 months 2.08 USD per share · a 1.18% yield on the 2026-11-10 close 4 distributions, paid quarterly 2026-11-10
  • Change on the year 0.0% against the prior twelve months prior twelve months 2.08 USD per share
  • Last distribution 0.52 USD per share as the price series records it, within days of the ex-date 2026-10-09
  • By calendar year 2024: 2.04 USD · 2025: 2.08 USD · 2026: 2.08 USD to date first distribution recorded in the three-year window: 2024-01-04
  • Dividends paid, FY2026 413 m USD 27% of earnings
  • Buybacks, FY2026 950 m USD 2.9% of today's market value
  • Share count −4.8% in FY2026 382 m USD of stock-based compensation in the year
  • Capital returned 1.36 bn USD · 73% of free cash flow dividends and buybacks together, against the year’s free cash flow

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

FAQ · from the current data · as of 2026-11-11

Quick answers

What is NetApp Inc (NTAP)?

NetApp Inc trades as NTAP on the US exchange (United States) and is classified under Technology in the Closelooknet research universe, as of the registry build of 2026-11-11.

Is NTAP in a Closelooknet index?

Not currently — NetApp Inc is tracked in the Closelooknet research universe but is not a constituent of a Closelooknet functional index as of 2026-11-11.

What is NetApp Inc's Closelooknet composite score?

64 out of 100, with momentum 65, quality 85 and valuation 40 sub-scores, as of 2026-11-11. Scores are Closelooknet's own research readings, not ratings or investment advice.

Where does NTAP trade against its moving averages?

NetApp Inc trades 13.6% below its 50-day and 15.6% above its 200-day moving average (14.4% below its 20-day). As of 2026-11-09 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How is NTAP doing against its Closelooknet index?

Over the past month NetApp Inc is −26.4% against −18.1% for the Agentic Ecosystem Index — 8.3 points behind its index, as of 2026-11-10. Its Data & Memory sleeve is −16.1% over the same month. The “Versus its index” table on this page carries the day, the week and the month for the name, its sleeve and the index.

How does NetApp Inc compare with its peers?

Against its peer group (Storage), NetApp Inc (NTAP) sits 26.9% below its 52-week high, 13.6% below its 50-day average; Western Digital Corporation (WDC) is 63.8% below, Seagate Technology PLC (STX) is 56.2% below, Sandisk Corp (SNDK) is 51.1% below, as of 2026-11-09. Put any of them next to NTAP in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

How does NetApp Inc trade when bond yields rise?

Over the past year NetApp Inc had a beta of −0.10 to TLT, the long-dated Treasury fund — it shows only a loose link to bond moves, higher than 7% of US names. On the 10 sessions in which long bonds fell most it moved −0.90% on average, against −0.72% for the S&P 500. As of 2026-11-10; The "How it trades on rate days" block on this page carries the lines.

Where has Closelooknet written about NetApp Inc?

NetApp Inc appears in 3 Closelooknet pieces as of 2026-11-11, most recently Morning 10: AI Trade — Kospi −8.5%, Nikkei −4.7% after hot US inflation; TSMC beats, Nasdaq-100 on support (2026-10-15); Dossier: Agentic Infrastructure Software: The Orchestration Layer (2026-02-24); 101: Strategic Authority Investment: Reading the Jensen Huang Roadmap. What Closelooknet said most recently: In New York Barclays said it sees no wave of company AI spending and cut Dell, HPE and NetApp; Dell fell 11.3%. (Morning 10, 2026-10-15). The "Mentioned on Closelooknet" block on this page lists the long reads, the reference entries and the dailies that name it.

What does NetApp Inc do?

NetApp sells data management software and storage systems that companies use to run and protect enterprise data across on-premises and cloud settings. Its ONTAP software underpins hardware such as the AFF and ASA arrays, and it offers cloud-native storage built into Azure, AWS and Google Cloud. It also sells backup, disaster recovery and ransomware protection, delivered through direct sales and cloud-provider partners. Closelooknet's peer group prices NetApp against storage hardware and memory names — Western Digital, Seagate Technology, Sandisk and Micron Technology — reflecting shared exposure to storage-capacity demand. Pure Storage, another all-flash array maker, is the additional comparison investors often draw. (Company snapshot of 2026-09-17.)

Where does NetApp Inc sit in the AI build-out?

NetApp carries no seat in Rubin or Halo, our AI infrastructure indices. It sits in the Storage sleeve of our wider universe, alongside disk and flash makers whose capacity underpins data held for training and inference workloads. NetApp holds a seat in the S&P 500 and carries a Closelooknet score, where momentum is the strongest module and valuation the weakest. The diary has quoted it twice: once as one of the all-flash array partners building physical storage for agentic infrastructure, and once on a forward watchlist of storage names tied to a chipmaker's roadmap. (Company snapshot of 2026-09-17.)

Does NetApp Inc pay a dividend?

NetApp Inc has paid 2.08 USD per share over the last twelve months, paid quarterly, a trailing yield of 1.18% on the 2026-11-10 close; the last distribution recorded in the price series was 0.52 USD on 2026-10-09. In fiscal 2026 the company paid 413 m USD in dividends and bought back 950 m USD of its own shares, 73% of that year’s free cash flow. The share count fell 4.8% over the fiscal year. As of 2026-11-10; the "Dividends and capital return" block on this page carries the lines.

What has Wall Street done on NetApp Inc recently?

The most recent analyst action on NetApp Inc on the Closelooknet wire is a initiation by Guggenheim on 2026-10-26 (at Neutral). 9 actions on the analyst wire since 2026-08-13: 1 initiation, 8 target changes. Its latest earnings print on the wire, 2026-09-02: EPS 2.58 against 2.12 expected — a +21.7% beat. Analyst actions are third-party opinions recorded by the wire, not Closelooknet readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for NTAP, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

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Related in the Closelooknet universe

then Software - Infrastructure. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.