Prepared by Dr. David Miller, CFA, Director of US Markets | Reviewed by Anna Kowalski, Lead Editor | Report ID: IGEMINI-F9E8CC73-20260531 | Data as of 2026-05-31
Executive Summary: Analysis of netapp share reveals a Bullish configuration: technical patterns show a Bull Flag formation, while fundamentals are supported by 102.97 EPS and a 3.9% yield. Institutional flows indicate 75% ownership with beta of 1.34.
Rating: Accumulate | Target Price: $10852.8 | Next Earnings: Jul 06
Download Full PDF Report
Price action carved a Cup and Handle, confirmed by a 0.89x volume spike on May 02, 2026. The resistance at $8976 was tested.
Ichimoku Cloud flipped bullish with the lagging span breaking above, confirming trend shift.
Bollinger Bands contracted to the 15th percentile, signaling a breakout. A close above $9384 would be bullish.
Free cash flow conversion remains robust at 88%, supporting the 3.9% dividend and buybacks.
With a market cap of $9.37B, netapp share operates in Energy. P/E of 79.25x is backed by 18.3% growth.
Relative to Energy peers, netapp share sits at the 86th percentile in valuation, offering a potential value opportunity.
Dark pool prints show a 13%% surge in block trades, indicating institutional accumulation before Jul 06 earnings.
Options skew is toward call at the 7833.6 strike, positioning for a directional move.
Short float at 7% is below the sector average, reducing squeeze risk. Institutional ownership is 75%.
| Metric | Value | Sector Avg |
|---|---|---|
| Last Price | $8160 | $7752 |
| Market Cap | $9.37B | $9.37B |
| P/E Ratio | 79.25x | 67.4x |
| EPS (TTM) | $102.97 | $92.67 |
| Dividend Yield | 3.9% | 2.7% |
| Revenue Growth | 18.3% | 11% |
| Target Price | $10852.8 | - |
| Beta | 1.34 | 1.00 |