NetApp stock holds near a record high after a strong run
Published on 08/17/2026 at 14:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
NetApp Inc. (US64120B1098) stock closed at $207.08 on August 14, 2026, after a 1.02% gain, while its market value stood at $40.64 billion and the shares were up 93.4% from the start of 2026. That price was only $1.98 below the 52-week high of $209.06, and the move left the stock far above its $107.09 opening level for the year.
Market data compiled in the session showed a consensus Hold rating and a $172.33 target price, which sits 16.8% below the quoted close. The same data set also put trailing EPS at $6.36 and net income at $1.28 billion, while annual sales reached $6.93 billion and net margins were 18.43%.
Chart strength stays evident
TradingKey put NetApp at $207.08 with a 5-day gain of 9.27%, a 1-month rise of 29.68%, and year-to-date performance of 93.37%. The same snapshot showed volume of 2.34 million shares and a 52-week range of $93.69 to $209.06, which keeps the stock close to the upper edge of its trading band.
That combination of a high absolute price and a near-record range matters because the stock has already absorbed a large part of the 2026 rerating. The question for investors is now whether earnings can keep up with the share price.
Valuation and earnings
NetApp's trailing P/E stood at 32.56, while the forward P/E was 28.37 and the PEG ratio was 3.72. On the same data set, return on assets reached 13.09% and return on equity was 117.23%, showing a business that still converts revenue into profit at a strong rate.
The last reported quarter in the available material was the quarter ended May 2026, when earnings were $2.03 a share and revenue rose 12.5% year over year, though EPS missed the $2.27 consensus by $0.24. That comparison is important because it shows the stock is already priced for a lot of good news.
Product context
NetApp's core business still centers on ONTAP data management software and storage systems tied to hybrid cloud workloads. The company also sells Cloud Volumes ONTAP, Cloud Manager and Keystone-style consumption offerings to customers that need data to move across on-premises environments and major public clouds.
Stock level to watch
The most recent close in the available market snapshot was $207.08 on August 14, 2026, and the stock's 52-week high was $209.06. That leaves NetApp within striking distance of its range peak while still carrying a consensus target below the market price.
Fact box
Company: NetApp Inc.
ISIN: US64120B1098
Ticker: NTAP
Exchange: Nasdaq
Price: $207.08 USD (as of August 14, 2026, 4:00 p.m. ET)
Market cap: $40.64 billion (as of August 14, 2026)
Sector / Industry: Technology / Technology Hardware, Storage & Peripherals
Index membership: Nasdaq-100
More on NetApp stock
NetApp is a data management and storage company whose portfolio spans hybrid cloud software, all-flash and hybrid flash arrays, data protection tools and cloud-connected services. Its best-known products include ONTAP, SnapMirror, SnapCenter, Cloud Volumes ONTAP and Keystone.
