NTAP
NetApp Inc. Technology - Data Storage Investor Relations →
NetApp Inc. (NTAP) closed at $178.50 as of 2026-07-31, trading 84.5% above its 200-week moving average of $96.77. The stock moved further from the line this week, up from 74.4% last week. With a 14-week RSI of 78, NTAP is in overbought territory.
Trading volume is running at 0.9x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.93 ratio) is neutral — neither side is clearly dominating.
Over the past 1553 weeks of data, NTAP has crossed below its 200-week moving average 22 times. On average, these episodes lasted 24 weeks. Historically, investors who bought NTAP at the start of these episodes saw an average one-year return of +23.2%.
With a market cap of $35.0 billion, NTAP is a large-cap stock. The company generates a free cash flow yield of 3.7%. Return on equity stands at 106.7%, indicating strong profitability. The stock trades at 25.9x book value.
The company has been aggressively buying back shares, reducing its share count by 7.5% over the past three years.
Over the past 29.8 years, a hypothetical investment of $100 in NTAP would have grown to $11477, compared to $1758 for the S&P 500. That represents an annualized return of 17.2% vs 10.1% for the index — confirming NTAP as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 29.1% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: NTAP vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NTAP Crosses Below the Line?
Across 22 historical episodes, buying NTAP when it crossed below its 200-week moving average produced an average return of +25.5% after 12 months (median +26.0%), compared to +15.4% for the S&P 500 over the same periods. 68% of those episodes were profitable after one year. After 24 months, the average return was +108.6% vs +31.5% for the index.
Each line shows $100 invested at the moment NTAP crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices NTAP would reach each dislocation threshold.
Dislocation Price Levels
Prices where NTAP's Bean Score would hit each σ threshold. Valid until next earnings report (date TBD — last report: 2026-04-30).
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $102.68 | Unusually cheap — potential buy zone |
| Value | +1σ | $114.53 | Cheap vs. own history |
| Fair Value | +0σ | $129.47 | Historical mean behavior |
| Expensive | -1σ | $148.89 | Expensive vs. own history |
| Deep Expensive | -2σ | $175.16 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from NTAP's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
NTAP has crossed below its 200-week MA 22 times with an average 1-year return of +23.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 1997 | Mar 1997 | 1 | 2.4% | +82.6% | +11462.4% |
| Apr 1997 | May 1997 | 3 | 17.4% | +115.6% | +12094.7% |
| Jun 1997 | Jun 1997 | 1 | 1.2% | +113.8% | +11252.2% |
| Feb 2001 | Aug 2004 | 183 | 82.3% | -31.6% | +795.0% |
| Jul 2007 | Oct 2007 | 11 | 20.9% | +9.9% | +961.8% |
| Nov 2007 | Oct 2009 | 100 | 58.6% | -52.4% | +807.3% |
| May 2012 | Sep 2012 | 16 | 17.6% | +14.5% | +637.7% |
| Sep 2012 | Jul 2013 | 41 | 24.5% | +30.0% | +641.8% |
| Oct 2013 | Nov 2013 | 2 | 1.6% | +5.1% | +514.5% |
| Dec 2013 | Dec 2013 | 1 | 0.8% | +4.0% | +508.6% |
| Feb 2014 | Aug 2014 | 25 | 16.1% | -2.6% | +504.5% |
| Oct 2014 | Oct 2014 | 2 | 0.2% | -13.0% | +511.9% |
| Jan 2015 | Feb 2015 | 1 | 0.3% | -40.6% | +527.2% |
| Mar 2015 | Aug 2016 | 75 | 38.2% | -24.8% | +543.9% |
| Oct 2016 | Nov 2016 | 1 | 9.0% | +48.2% | +645.9% |
| Jul 2019 | Aug 2019 | 4 | 4.8% | +0.2% | +366.4% |
| Feb 2020 | Nov 2020 | 39 | 29.7% | +39.6% | +351.8% |
| Jun 2022 | Jul 2022 | 1 | 0.1% | +25.6% | +213.1% |
| Sep 2022 | Oct 2022 | 1 | 0.9% | +26.4% | +215.3% |
| Dec 2022 | Jan 2023 | 3 | 5.7% | +51.8% | +220.9% |
| Mar 2023 | Mar 2023 | 3 | 2.0% | +70.5% | +208.6% |
| Mar 2025 | Apr 2025 | 3 | 9.8% | +38.4% | +139.8% |
| Average | 24 | — | +23.2% | — |
Frequently Asked Questions
Is NTAP below its 200-week moving average?
No. NetApp Inc. (NTAP) is currently 84.5% above its 200-week moving average of $96.77. It would need to fall to $96.77 to cross below the line.
What is NTAP's 200-week moving average price?
NetApp Inc.'s 200-week moving average is $96.77 as of 2026-07-31. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when NTAP drops below its 200-week moving average?
NTAP has crossed below its 200-week moving average 22 times in our data. On average, buying at that moment produced a one-year return of +23.2%. These dips have historically been decent entry points. These episodes lasted 24 weeks on average.
Is NTAP a good value right now?
Here's what our data says about NTAP as of 2026-07-31: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 78 (overbought). Free cash flow yield is 3.7%. Return on equity is 106.7%. Price-to-book is 25.9x. This is not a buy or sell recommendation — always do your own research.
How does NTAP compare to the S&P 500?
Over the past 29.8 years, $100 invested in NTAP would have grown to $11477, compared to $1758 for the S&P 500. That's 17.2% annualized vs 10.1% for the index. NTAP has outperformed the broader market over this period.
Does NTAP pay a dividend?
Yes. NetApp Inc. currently pays a dividend yield of 117.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-07-31