NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Hybrid Cloud and Public Could. The company offers data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Astra; and storage infrastructure solutions, including NetApp All-Flash FAS, NetApp All-Flash FAS with capacity flash, NetApp All-Flash SAN Array, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp BlueXP, BlueXP Sync, BlueXP Tiering, NetApp Backup, BlueXP Compliance, and BlueXP Cache; and cloud operations services consist of NetApp Cloud Insights, Spot by NetApp, and Instaclustr. In addition, the company offers professional and support services, such as storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, and migration services. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

NetApp, Inc.

Seagate Technology Holdings plc (STX) shares have gained 81.8% in the year-to-date period, outperforming the Zacks Computer-Integrated Systems industry’s growth of 6.4%. The stock has also outperformed the Zacks Computer & Technology sector and the S&P 500’s growth of 13.8% and 9.6%, respectively.
Image Source: Zacks Investment Research
The company has outperformed its competitors in the storage space, like Western Digital Corporation (WDC), Pure Storage (PSTG), and NetApp, Inc. (NTAP). WDC has gained 27.3%, while PSTG and NTAP have declined 5% and 6.1% during the same time frame.
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Western Digital is a diversified storage company with a broader portfolio that includes both traditional HDDs and NAND-based SSDs. NetApp provides enterprise storage as well as data management software and hardware products and services. It assists enterprises in managing multiple cloud environments, adopting next-generation technologies like AI, Kubernetes, and contemporary databases, and navigating the complexity brought about by the rapid development of data and cloud usage.
Pure Storage is redefining enterprise storage by delivering innovations designed to meet the demands of modern data workloads, especially in areas like AI, containerization, and high-performance computing.
STX’s Major Tailwinds
Seagate is experiencing a surge in demand for mass capacity storage, with nearline cloud storage demand accelerating. In the last reported quarter, revenues from mass capacity devices jumped 40% year over year to $2 billion, driven by stronger nearline cloud demand and rising nearline enterprise sales. In the June quarter, nearline drives made up 91% of the total mass capacity exabytes shipped. The increasing demand for mass-capacity storage continues to align with cloud investment cycles and the expansion of AI-ready data center infrastructure.
Cloud service providers (CSPs) are increasingly focusing on developing and deploying AI applications while expanding their cloud infrastructure. Seagate believes HDDs will be crucial in supporting these stages of AI adoption and expects HDD demand to accelerate further. As data rapidly grows, the need for mass capacity storage is expanding beyond cloud environments into edge data centers. More data is being generated at the edge, stored longer, and replicated across multiple locations to support AI models. With approximately 50% of global data centers located in just four countries, evolving data sovereignty laws are driving demand for local storage solutions.
In this context, mass capacity hard drives offer the right balance of space, efficiency, and cost, helping to ensure data security and compliance. Seagate anticipates that enterprise edge storage will follow the cloud trend, with AI investments driving long-term demand. Management expects fiscal first-quarter revenues to be around $2.5 billion (+/- $150 million), representing a roughly 15% year-over-year growth at the midpoint. The company continues to see strong demand for high-capacity nearline products from cloud customers worldwide.
One of the main drivers of Seagate’s strategic plan is the ramp-up of its HAMR technology to meet increasing demand from cloud customers. Its HAMR-based Mozaic drives are the industry’s only products offering 3 terabytes per disk. Seagate is increasing volume production of Mozaic 3+ products by utilizing common features across its PMR and HAMR platforms. Shipments are expanding to more CSPs in the September quarter, with qualifications progressing smoothly.
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Key global CSP qualifications are on track for mid-2026. The top priority for fiscal 2026 is qualifying and ramping the 4+ terabyte per disk platform, supporting capacities up to 44TB for cloud and smaller sizes for edge applications. Qualification with a global CSP has started, and volume ramp-up is expected in the first half of 2026, aligning with plans for HAMR exabyte shipments in the second half.
In addition, management is steadily progressing with 5TB per disk technology, aiming for a market launch in early 2028. Lab demonstrations of 10TB per disk are also anticipated around that time. Continuous innovation in media and photonics is essential to this progress. Seagate's technology approach stays closely aligned with changing market trends.
Anchored by the growing adoption of its high-capacity nearline products and the continued execution of pricing initiatives, STX delivered a record gross margin of 37.9%, representing an improvement of approximately 700 basis points year over year.
STX’s Headwinds Hurt
Seagate generates a significant portion of its revenues outside the United States, making it vulnerable to currency fluctuations, especially with the euro and pound, which can impact its financial results.
STX is under pressure from intense rivalry in the data storage market, not only from other HDD and SSD makers but also from providers of storage subsystems, including electronic manufacturing services and contract manufacturers. Beyond competitive challenges, the company continues to grapple with broader macroeconomic uncertainties and persistent supply chain volatility.
High debt remains an issue. As of June 27, 2025, cash and cash equivalents totaled $891 million, while long-term debt (including the current portion) was $5 billion. Although Seagate produces strong cash flow, its leverage could limit its ability to sustain dividends, pursue acquisitions, or resume share buybacks.
Estimate Revision Trend of STX
STX is currently witnessing an uptrend in estimate revisions. Earnings estimates for fiscal 2026 have increased 2.3% to $10.12 over the past 60 days, while the same for fiscal 2027 has gone up 4.9% to $12.61.
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Key Valuation Metric of STX
From a valuation standpoint, STX appears to be trading relatively cheaper compared to the industry but trading above its mean. Going by the price/earnings ratio, the company shares currently trade at 14.77 forward earnings, lower than 20.61 for the industry but above the stock’s mean of 11.84.
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Seagate’s structural business model changes, coupled with a robust product pipeline, position the company to drive stronger profitability and cash generation in fiscal 2026. Demonstrating its confidence, the company expects to resume share repurchases later this quarter, further enhancing capital returns to shareholders.
However, shifting macro dynamics affected by evolving trade and tariff policies, high debt load and cut-throat competition remain major worries. With a Zacks Rank #3 (Hold), STX appears to be treading in the middle of the road, and new investors could be better off if they trade with caution. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
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Seagate Surges 81.8% YTD: Should STX Stock Be in Your Portfolio?

In trading on Tuesday, shares of NetApp, Inc. (Symbol: NTAP) crossed above their 200 day moving average of $107.56, changing hands as high as $107.76 per share. NetApp, Inc. shares are currently trading up about 1.8% on the day. The chart below shows the one year performance of NTAP shares, versus its 200 day moving average:
Looking at the chart above, NTAP's low point in its 52 week range is $71.8378 per share, with $135.4462 as the 52 week high point — that compares with a last trade of $107.80. The NTAP DMA information above was sourced from TechnicalAnalysisChannel.com
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Bullish Two Hundred Day Moving Average Cross - NTAP

The most recent trading session ended with NetApp (NTAP) standing at $116.10, reflecting a +0.69% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.41% gain on the day. Meanwhile, the Dow experienced a rise of 0.69%, and the technology-dominated Nasdaq saw an increase of 0.8%.
The data storage company's shares have seen a decrease of 6.03% over the last month, not keeping up with the Computer and Technology sector's loss of 0.01% and the S&P 500's loss of 0.97%.
The investment community will be closely monitoring the performance of NetApp in its forthcoming earnings report. The company is scheduled to release its earnings on November 21, 2024. The company is predicted to post an EPS of $1.79, indicating a 13.29% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.64 billion, indicating a 5.29% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.08 per share and revenue of $6.58 billion. These totals would mark changes of +9.6% and +5.01%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for NetApp. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. NetApp is holding a Zacks Rank of #2 (Buy) right now.
With respect to valuation, NetApp is currently being traded at a Forward P/E ratio of 16.29. This valuation marks a premium compared to its industry's average Forward P/E of 14.4.
It's also important to note that NTAP currently trades at a PEG ratio of 3.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computer- Storage Devices industry had an average PEG ratio of 2.03 as trading concluded yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 39, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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NetApp (NTAP) Outpaces Stock Market Gains: What You Should Know

Investors interested in Computer- Storage Devices stocks are likely familiar with Western Digital (WDC) and NetApp (NTAP). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Right now, Western Digital is sporting a Zacks Rank of #1 (Strong Buy), while NetApp has a Zacks Rank of #2 (Buy). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that WDC has an improving earnings outlook. But this is only part of the picture for value investors.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
WDC currently has a forward P/E ratio of 12.37, while NTAP has a forward P/E of 13.08. We also note that WDC has a PEG ratio of 0.90. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. NTAP currently has a PEG ratio of 1.87.
Another notable valuation metric for WDC is its P/B ratio of 5.03. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, NTAP has a P/B of 19.48.
These metrics, and several others, help WDC earn a Value grade of B, while NTAP has been given a Value grade of C.
WDC stands above NTAP thanks to its solid earnings outlook, and based on these valuation figures, we also feel that WDC is the superior value option right now.
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WDC vs. NTAP: Which Stock Is the Better Value Option?

The following are the top rated Information Technology stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
QUALCOMM INC (QCOM) is a large-cap growth stock in the Communications Equipment industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of QUALCOMM INC
APPLIED MATERIALS INC (AMAT) is a large-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Applied Materials, Inc. is a materials engineering solution company. The Company provides equipment, services and software to the semiconductor, display, and related industries. It operates in three segments: Semiconductor Systems, Applied Global Services (AGS), and Display. The Semiconductor systems segment designs, develops, manufactures and sells a range of primarily 300 mm equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). The AGS segment provides services, spares and factory automation software to customer fabrication plants globally. The AGS segment also manufactures and sells 200mm and other equipment. The Display segment is comprised primarily of products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), and other display technologies for televisions, monitors, laptops, personal computers (PCs), tablets, smartphones, and other consumer-oriented devices.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of APPLIED MATERIALS INC
MONOLITHIC POWER SYSTEMS INC (MPWR) is a large-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Peter Lynch is 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Monolithic Power Systems, Inc. is a fabless company, which provides semiconductor-based power electronic solutions. The Company design and develop its products for the enterprise data, storage and computing, automotive, communications, consumer, and industrial end markets. Direct Current (DC) to DC, Alternating Current (AC) to DC, driver metal-oxide-semiconductor field-effect transistor, power management integrated circuit (IC), current limit switch and lighting control products. Its DC to DC ICs are used to convert and control voltages within a range of electronic systems, such as cloud-based central processing unit (CPU) servers, server artificial intelligence (AI) applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, fourth generation (4G) and fifth generation (5G) infrastructure and satellite communications applications. The Company have sales offices in various locations in Asia, Europe and the United States.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of MONOLITHIC POWER SYSTEMS INC
NETAPP INC (NTAP) is a large-cap growth stock in the Computer Storage Devices industry. The rating according to our strategy based on Peter Lynch is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NetApp, Inc. is an intelligent data infrastructure company combining unified data storage, integrated data, operational and workload services. It creates silo-free infrastructure, harnessing observability and AI to enable data management. Its operational and workload services provide continuous optimization of performance and efficiency for infrastructure and workloads through observability and AI. Its Hybrid Cloud segment provides a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. Its Public Cloud segment offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage, data services and operational services. These solutions and services are available in the public clouds, including Amazon AWS, Microsoft Azure, and Google Cloud.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of NETAPP INC
ARISTA NETWORKS INC (ANET) is a large-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arista Networks, Inc. is a provider of data-driven, client-to-cloud networking for large artificial intelligence (AI), data center, campus and routing environments. Its platforms deliver availability, agility, automation, analytics, and security through an advanced network operating stack. Its platform is its Extensible Operating System (EOS), a modernized publish-subscribe state-sharing networking operating system. Its portfolio of products, services and technologies is grouped into various categories: Core (Data Center, Cloud and AI Networking), Cognitive Adjacencies (Campus and Routing), and Cognitive Network (Software and Services). It offers product portfolios of data-driven, high-speed, cloud and data center Ethernet switches. Its Cognitive Adjacencies include Cognitive Campus Switching, Cloud-Grade Routing and WAN Routing. Its software and services are based on subscription-based models and include various offerings: CloudVision, Arista A-Care Services, CloudEOS and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARISTA NETWORKS INC
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea's Top Information Technology Stocks Based On Peter Lynch - 7/28/2025

NetApp (NTAP) closed the most recent trading day at $104.66, moving -1.15% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.07%. At the same time, the Dow lost 0.7%, and the tech-heavy Nasdaq gained 0.18%.
The data storage company's shares have seen an increase of 0.67% over the last month, not keeping up with the Computer and Technology sector's gain of 8.22% and the S&P 500's gain of 5.71%.
Market participants will be closely following the financial results of NetApp in its upcoming release. The company's upcoming EPS is projected at $1.54, signifying a 1.28% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.54 billion, indicating a 0.11% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.73 per share and a revenue of $6.74 billion, indicating changes of +6.62% and +2.63%, respectively, from the former year.
Any recent changes to analyst estimates for NetApp should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% higher. At present, NetApp boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that NetApp has a Forward P/E ratio of 13.7 right now. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 13.7.
Meanwhile, NTAP's PEG ratio is currently 1.96. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer- Storage Devices industry had an average PEG ratio of 2.01 as trading concluded yesterday.
The Computer- Storage Devices industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 63, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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NetApp (NTAP) Stock Sinks As Market Gains: What You Should Know

In trading on Friday, shares of NetApp, Inc. (Symbol: NTAP) crossed above their 200 day moving average of $109.25, changing hands as high as $110.32 per share. NetApp, Inc. shares are currently trading up about 1.2% on the day. The chart below shows the one year performance of NTAP shares, versus its 200 day moving average:
Looking at the chart above, NTAP's low point in its 52 week range is $71.8378 per share, with $135.4462 as the 52 week high point — that compares with a last trade of $108.17. The NTAP DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

NetApp Breaks Above 200-Day Moving Average - Bullish for NTAP

The following are the top rated Information Technology stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
NETAPP INC (NTAP) is a large-cap growth stock in the Computer Storage Devices industry. The rating according to our strategy based on Peter Lynch is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NetApp, Inc. is an intelligent data infrastructure company combining unified data storage, integrated data, operational and workload services. It creates silo-free infrastructure, harnessing observability and AI to enable data management. Its operational and workload services provide continuous optimization of performance and efficiency for infrastructure and workloads through observability and AI. Its Hybrid Cloud segment provides a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. Its Public Cloud segment offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage, data services and operational services. These solutions and services are available in the public clouds, including Amazon AWS, Microsoft Azure, and Google Cloud.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of NETAPP INC
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea's Top Information Technology Stocks Based On Peter Lynch - 7/16/2025

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Fidelity Enhanced Large Cap Value ETF (Symbol: FELV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $35.10 per unit.
With FELV trading at a recent price near $32.02 per unit, that means that analysts see 9.62% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FELV's underlying holdings with notable upside to their analyst target prices are NetApp, Inc. (Symbol: NTAP), Crown Holdings Inc (Symbol: CCK), and AT&T Inc (Symbol: T). Although NTAP has traded at a recent price of $104.68/share, the average analyst target is 9.92% higher at $115.07/share. Similarly, CCK has 9.64% upside from the recent share price of $107.23 if the average analyst target price of $117.57/share is reached, and analysts on average are expecting T to reach a target price of $29.77/share, which is 9.62% above the recent price of $27.16. Below is a twelve month price history chart comparing the stock performance of NTAP, CCK, and T:
Below is a summary table of the current analyst target prices discussed above:
Name
Symbol
Recent Price
Avg. Analyst 12-Mo. Target
% Upside to Target
NetApp, Inc.
NTAP
$104.68
$115.07
9.92%
Crown Holdings Inc
CCK
$107.23
$117.57
9.64%
AT&T Inc
T
$27.16
$29.77
9.62%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Analysts Forecast 10% Upside For The Holdings of FELV

In the latest trading session, NetApp (NTAP) closed at $105.27, marking a -1.08% move from the previous day. This change lagged the S&P 500's 0.33% loss on the day. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.22%.
Heading into today, shares of the data storage company had gained 3.38% over the past month, lagging the Computer and Technology sector's gain of 5.24% and the S&P 500's gain of 4.07%.
Analysts and investors alike will be keeping a close eye on the performance of NetApp in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.54, reflecting a 1.28% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.54 billion, down 0.15% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.72 per share and revenue of $6.74 billion. These totals would mark changes of +6.48% and +2.58%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for NetApp. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.48% lower. NetApp presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, NetApp is holding a Forward P/E ratio of 13.78. Its industry sports an average Forward P/E of 13.78, so one might conclude that NetApp is trading at no noticeable deviation comparatively.
Investors should also note that NTAP has a PEG ratio of 1.97 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Computer- Storage Devices industry had an average PEG ratio of 1.95.
The Computer- Storage Devices industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 27, placing it within the top 11% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NTAP in the coming trading sessions, be sure to utilize Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	19.71 28.98
Price/Sales	3.93 2.58
P/B	21.68 2.76
P/FCF	17.78 24.31

Indicator	TTM Median
ROE	114.79 15.33
ROA	12.23 6.66
ROI	46.95 9.73
Net Worth	22.10 0.98
Quick Ratio	0.87 1.53
Current Ratio	0.93 1.84

Indicator	TTM Median
Net Profit Margin	17.47 9.71
Operating Margin	20.82 11.07
Gross Margin	70.62 50.00
Return on tangible equity	0.00 27.59

Indicator	TTM Median
EPS	1.56 0.24
EPS Forecast	1.54 0.19
Revenue	1.64B 73.00M
Gross Profit	1.15B —
EBITDA	426.00M —

NetApp, Inc.

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