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NetApp (NTAP) Moves 5.2% Higher: Will This Strength Last?
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NetApp (NTAP - Free Report) shares ended the last trading session 5.2% higher at $226.27. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 16% gain over the past four weeks.
The increase in NetApp’s share price is being supported by its expanding cloud, AI and enterprise data infrastructure presence. Recently, the company announced collaborations with Oracle, SAP and Supermicro at INSIGHT 2026 to strengthen its cloud and AI offerings. The Oracle partnership will bring managed ONTAP capabilities to Oracle Cloud Infrastructure, while the SAP and Supermicro collaborations aim to support secure enterprise workloads and improve AI infrastructure and GPU utilization.
NetApp is also gaining traction in its storage-as-a-service business while addressing data sovereignty needs. Keystone revenue grew about 65% in fiscal 2026, with first-quarter fiscal 2027 Professional Services revenue rising 15.5% to $112 million, mainly driven by Keystone. Keystone Sovereign, initially targeting qualified customers in Germany and France, adds regional and data-handling controls for regulated workloads.
Recent announcements further support NetApp’s AI strategy, including Novus, a high-performance file system designed to feed data to GPUs, and the planned acquisition of PEAK. Together with its cloud partnerships and Keystone growth, these initiatives strengthen NetApp’s positioning in AI, hybrid cloud and data infrastructure.
This data storage company is expected to post quarterly earnings of $2.60 per share in its upcoming report, which represents a year-over-year change of +26.8%. Revenues are expected to be $2.11 billion, up 23.8% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For NetApp, the consensus EPS estimate for the quarter has been revised 21.3% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on NTAP going forward to see if this recent jump can turn into more strength down the road.
NetApp belongs to the Zacks Computer- Storage Devices industry. Another stock from the same industry, Super Micro Computer (SMCI - Free Report) , closed the last trading session 4.2% higher at $43.69. Over the past month, SMCI has returned 10.7%.
Super Micro's consensus EPS estimate for the upcoming report has changed -1.1% over the past month to $1.06. Compared to the company's year-ago EPS, this represents a change of +202.9%. Super Micro currently boasts a Zacks Rank of #2 (Buy).
View the Zacks #1 Rank List
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NetApp (NTAP) Moves 5.2% Higher: Will This Strength Last?
NetApp (NTAP - Free Report) shares ended the last trading session 5.2% higher at $226.27. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 16% gain over the past four weeks.
The increase in NetApp’s share price is being supported by its expanding cloud, AI and enterprise data infrastructure presence. Recently, the company announced collaborations with Oracle, SAP and Supermicro at INSIGHT 2026 to strengthen its cloud and AI offerings. The Oracle partnership will bring managed ONTAP capabilities to Oracle Cloud Infrastructure, while the SAP and Supermicro collaborations aim to support secure enterprise workloads and improve AI infrastructure and GPU utilization.
NetApp is also gaining traction in its storage-as-a-service business while addressing data sovereignty needs. Keystone revenue grew about 65% in fiscal 2026, with first-quarter fiscal 2027 Professional Services revenue rising 15.5% to $112 million, mainly driven by Keystone. Keystone Sovereign, initially targeting qualified customers in Germany and France, adds regional and data-handling controls for regulated workloads.
Recent announcements further support NetApp’s AI strategy, including Novus, a high-performance file system designed to feed data to GPUs, and the planned acquisition of PEAK. Together with its cloud partnerships and Keystone growth, these initiatives strengthen NetApp’s positioning in AI, hybrid cloud and data infrastructure.
This data storage company is expected to post quarterly earnings of $2.60 per share in its upcoming report, which represents a year-over-year change of +26.8%. Revenues are expected to be $2.11 billion, up 23.8% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For NetApp, the consensus EPS estimate for the quarter has been revised 21.3% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on NTAP going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
NetApp belongs to the Zacks Computer- Storage Devices industry. Another stock from the same industry, Super Micro Computer (SMCI - Free Report) , closed the last trading session 4.2% higher at $43.69. Over the past month, SMCI has returned 10.7%.
Super Micro's consensus EPS estimate for the upcoming report has changed -1.1% over the past month to $1.06. Compared to the company's year-ago EPS, this represents a change of +202.9%. Super Micro currently boasts a Zacks Rank of #2 (Buy).