NetApp (NTAP) Stock Falls Amid Market Uptick: What Investors Need to Know

NetApp stock declined 1.64% to $190.68 while the broader market gained, underperforming the S&P 500 and Nasdaq. Despite strong year-to-date gains of 11.9%, the company faces upcoming earnings on September 2, 2026, with analysts expecting $2.12 EPS (36.77% YoY growth) and $1.84B revenue (18.24% increase). NetApp holds a Zacks Rank #3 (Hold) with a Forward P/E of 21.43, trading at a premium to its industry average.