PerpEquities

Equity · Technology

NetApp, Inc. (NTAP) perpetual futures

NTAP perpetual futures on 3 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade NTAPUSDT.

NetApp provides cloud-centric data management and storage solutions, including hybrid cloud and public cloud services, with products like ONTAP and cloud storage services, serving industries globally.

$191.21+3.2%NASDAQ open
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TradingView symbol NASDAQ:NTAP

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Trading data

Perpetual market activity

3/3 live markets
Venues
3
Live markets
3/3
24h volume
$642.2K
Open interest
$991.5K
Best liquidity
$375.6K
BingX
Tightest spread
+11.5 bps
Bitget
Highest volume
$243.8K
BingX
Settlement mix
USDT · 3/3
Perp/spot vol.
0.01x
Spot volume $44.6M
OI / float
0.00%
Float $37.4B
Spot performance
1D+2.95%
5D-13.70%
1M-15.71%
6M+70.17%
YTD+78.10%
1Y+63.10%

Venue matrix

3 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeNTAP-USDTTrading$191.21-17.7% APR
-0.016% every 8h
+53.9 bps$375.6K$243.8K$18.3KUSDT-
BitgetTradeNTAP/USDTTrading$191.03-22.4% APR
-0.021% every 8h
+11.5 bps-$203.8K$129.9KUSDT20x
MEXCTradeNTAP/USDTTrading$191.41-23.1% APR
-0.021% every 8h
+65.8 bps$22K$194.5K$843.4KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 2 of 3 venues absorb $10k · Typical cost: +50.5 bps – +77.5 bps

Cheapest execution: BingX · +37.0 bps

No fresh book data: Bitget

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

NTAP

Tightest spread

NTAP

Highest volume

NTAP

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q1 '27 · filed 2026-09-02 · next report 2026-12-01 · Updated 39h ago
All financials →

Valuation & key figures

Market cap
$39.1B
Updated 39h ago
Revenue
$7.4B
Trailing 12 months
Revenue growth
+18%
Next fiscal year
Profit margin
+19.2%
P/E
27.7
Peer P/E 34.3
P/S
5.3
Peer P/E
34.3
Similar listed perps
Free cash flow
$1.7B
Trailing 12 months
Net income
$1.4B
Trailing 12 months
Revenue estimate
$8.2B
Next fiscal year
Earnings
2026-12-01
Revenue est. $2.1B · Updated 39h ago
Dividend
$0.52
2026-10-09
Revenue (TTM)$7.39B+12.2% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)25.7%+5.0 pp vs a year agoOperating income $1.9B
Net income (TTM)$1.42B+21.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$1.65B-0.5% vs a year agoCapex $247M
Diluted EPS (TTM)$7.09+25.3% vs a year agoSum of the last 4 quarters
Net cash$1.04B+80.0% vs a year agoCash + short-term investments - debt
  • Last report (2026-09-02): revenue beat by 10.2%, EPS beat by 21.7%Revenue $2.03B vs $1.84B expected (+10.2%); EPS $2.58 vs $2.12 (+21.7%).
  • Revenue growth accelerating: 29.9% year on yearQ1 '27 revenue $2.03B, against an average of 5.2% over the four quarters before.
  • Operating margin 25.7% (TTM), +5.0 pp on a year agoOperating income grew 39.4% while revenue grew 12.2%.
  • Capex 3.3% of revenue (a year ago 2.7%)$247M invested in the last 4 quarters (+37.2% on a year earlier). Free cash flow $1.65B = 116.4% of net income.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Product$987M–48.7%
Support$720M–35.6%
Hybrid Cloud Segment–––
Public Cloud Segment$206M–10.2%
Professional And Other Services$112M–5.5%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 238 lines NetApp, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2026-12-01
Revenue est. $2.1B · Updated 39h ago
Dividend
$0.52
2026-10-09

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202710.01$8.2B+18%12
FY 202811.15$8.7B+26%13
FY 202912.49$9.3B+34%2
Q3 20272.20$1.8B+8%5
Q3 20272.52$2.1B+22%11
Q4 20272.43$2B0%5

Company events

6
2026-12-01EarningsActual - / Estimate 2.6-
2026-10-09Dividend$0.52-
2026-09-02Earnings · After market closeActual 2.58 / Estimate 2.12Beat
2026-07-10Dividend$0.52-
2026-05-28EarningsActual 2.43 / Estimate 2.27Beat
2026-04-02Dividend$0.52-

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Sep 27, 2026, 02:36 PM UTC

Company profile

Sector
Technology
Industry
Computer Hardware
Chief executive
George Kurian
Employees
11,700
IPO date
Nov 21, 1995
Country
US
Exchange
NASDAQ Global Select
Website
Altman Z-scorei3.92
Piotroski scorei7/9
Overall ratingiB
Owner earningsi$463.04M$2.32 per share
ESG risk ratingiBIndustry rank: 9 out of 14

Rating factors

Return on equityi
5
Return on assetsi
5
Debt to equityi
1
Price to earningsi
2
Price to booki
1
Market cap history
$39.43B+29.7%Jun 26 – Sep 26
$30.39B$35.21B$40.02BHigh: $40.02B · 2026-08-17Low: $30.39B · 2026-06-29Latest: $39.43B · 2026-09-25Jun 26Jul 26Aug 26Sep 26
Latest: $39.43B · 2026-09-25High: $40.02B · 2026-08-17Low: $30.39B · 2026-06-29
Largest fund holders
FundWeightShares held
VTI0.05%6.3M
VOO0.06%5.2M
VPMAX0.84%5.2M
VO0.35%4.3M
IVV0.06%2.6M
1657.T0.04%2.6M
1557.T0.06%2.4M
SPY0.06%2.4M
FXAIX0.06%2.3M
CCIZX1.41%2.2M
VHCAX1%2.1M
VEIPX0.46%2M

Analyst track record

How the analysts covering NTAP have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings100279
Analysts2532
Buy / hold / sell30 / 66 / 472 / 194 / 13
Upgrades / downgrades / initiations3 / 3 / 310 / 7 / 5
Price targets hit / missed74 / 9 (89%)241 / 9 (96%)
Avg. return after a rating (TipRanks)+49.0%+76.5%
Best / worst call+148.2% / -27.2%+199.2% / -27.2%

After buy calls on this stock: median 21-day move +1.3% vs S&P 500 +0.1% (n = 76)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Samik ChatterjeeJ.P. Morgan83% hit rate on this stock · 12 targets measuredHoldtarget $175Jul 21, 2026
  2. Krish SankarTD Cowen38% hit rate on this stock · 8 targets measuredBuytarget $250Oct 6, 2026

Latest ratings

DateAnalystCallTarget
Oct 25, 2026Howard MaGuggenheimHoldInitiated–
Oct 14, 2026Tim LongBarclaysHoldDowngraded$219
Oct 7, 2026Amit DaryananiEvercore ISIBuyUpgraded$300
Oct 7, 2026Amit DaryananiEvercore ISIBuyUpgraded$300
Oct 6, 2026Katherine MurphyGoldman SachsBuyMaintained$240
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$100$120$140$160$180$200Dec 25 · Buy 6 · Hold 12 · Sell 0Dec 25Jan 26 · Buy 6 · Hold 11 · Sell 1Feb 26 · Buy 6 · Hold 12 · Sell 1Feb 26Mar 26 · Buy 5 · Hold 12 · Sell 1Apr 26 · Buy 6 · Hold 12 · Sell 1Apr 26May 26 · Buy 6 · Hold 12 · Sell 1Jun 26 · Buy 6 · Hold 12 · Sell 1Jun 26Jul 26 · Buy 6 · Hold 12 · Sell 1Aug 26 · Buy 6 · Hold 12 · Sell 0Aug 26Sep 26 · Buy 6 · Hold 13 · Sell 0Oct 26 · Buy 6 · Hold 15 · Sell 0Oct 26Nov 26 · Buy 6 · Hold 15 · Sell 0Dec 25 · avg. target $125Jan 26 · avg. target $123Feb 26 · avg. target $118Mar 26 · avg. target $118Apr 26 · avg. target $118May 26 · avg. target $141Jun 26 · avg. target $151Jul 26 · avg. target $160Aug 26 · avg. target $181Sep 26 · avg. target $192Oct 26 · avg. target $209Nov 26 · avg. target $209Dec 25 · month-end close $107Jan 26 · month-end close $96.35Feb 26 · month-end close $99.03Mar 26 · month-end close $102Apr 26 · month-end close $111May 26 · month-end close $174Jun 26 · month-end close $155Jul 26 · month-end close $179Aug 26 · month-end close $185Sep 26 · month-end close $210Oct 26 · month-end close $199Nov 26 · month-end close $199

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Oct 30, 2026 · 100 ratings

Frequently asked questions

Where can I trade NTAP perpetual futures?

NetApp, Inc. (NTAP) perpetual futures trade on 3 crypto venues, including BingX, Bitget, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade NTAP around the clock?

Yes. Unlike the underlying stock, NTAP perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on NTAP perpetuals?

Right now the NTAP perp funding rate is -22.4% annualized (venue median), ranging from -23.1% to -17.7% across 3 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the NTAP perp price compare to the NetApp, Inc. stock?

The venue-median NTAP perp mark is $191.2 versus a reference stock price of $191.2, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a NTAP perpetual future?

A NTAP perpetual is a derivative that tracks the price of NetApp, Inc. with no expiry date. It lets you take long or short exposure to NetApp, Inc. on crypto venues, around the clock.

What is NTAPUSDT perpetual?

NTAPUSDT is the symbol most crypto exchanges use for the NetApp, Inc. perpetual settled in USDT (Tether). It tracks the NTAP share price through an index, trades 24/7 with leverage and never expires.

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