NetApp Stock Jumps 33% Past Dot‑Com Peak

Overview

• Shares surged about 33% to roughly $189 after the company reported fourth‑quarter revenue of $1.95 billion, which beat analyst expectations.
• NetApp disclosed FY2027 revenue guidance of $7.33 billion to $7.58 billion and stronger Q1 guidance, with management linking growth to demand for cloud‑intelligent infrastructure that supports AI workloads.
• Reported GAAP EPS of $2.03 missed consensus while some sources cited an adjusted EPS of $2.43, a difference that reflects adjusted versus GAAP accounting treatments.
• The company announced a $1 billion share repurchase program and said it will continue paying its quarterly dividend, moves management presented as a signal of financial confidence.
• Despite the rally, the average analyst price target remains far below the new trading level and institutional investors own the bulk of shares, a mix that could sustain rapid repricing or leave the stock exposed to future target adjustments.