NTAP Stock Down -6.2% after 7-Day Loss Streak

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Trefis
NTAP: NetApp logo
NTAP
NetApp

NetApp (NTAP) stock hit day 7 of a continuous streak of days with losses, with cumulative losses over this period amounting to a -6.2% return. The company has lost about $1.5 Bil in value over the last 7 days, with its current market capitalization at about $24 Bil. The stock remains 3.3% above its value at the end of 2024. This compares with year-to-date returns of 13.3% for the S&P 500.

NTAP provides software, systems, and cloud services for data management and sharing across on-premises, private, and public clouds, including cloud storage, control solutions, and storage-as-a-service. Is this drop a warning sign or a setup for rebound? Deep dive with Buy or Sell NTAP.

Comparing NTAP Stock Returns With The S&P 500

The following table summarizes the return for NTAP stock vs. the S&P 500 index over different periods, including the current streak:
 

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Return Period NTAP S&P 500
1D -1.1% 0.3%
7D (Current Streak) -6.2% 0.4%
1M (21D) 1.2% 2.5%
3M (63D) 11.3% 7.4%
YTD 2025 3.3% 13.3%
2024 34.2% 23.3%
2023 51.1% 24.2%
2022 -32.9% -19.4%

 
What is the point? Sustained weakness can be more than noise. It often signals shifting sentiment or deeper concerns. A multi-day losing streak may warn of further downside, or present an opportunity to buy if fundamentals are intact. Take a look at what history tells you about whether past dips like this have been buying opportunities or traps: NTAP Dip Buyer Analysis.

Gains and Losses Streaks: S&P 500 Constituents

There are currently 63 S&P constituents with 3 days or more of consecutive gains and 21 constituents with 3 days or more of consecutive losses.
 

Consecutive Days # of Gainers # of Losers
3D 39 10
4D 7 2
5D 11 5
6D 2 0
7D or more 4 4
Total >=3 D 63 21

 
 
Key Financials for NetApp (NTAP)

Last 2 Fiscal Years:

Metric FY2024 FY2025
Revenues $6.3 Bil $6.6 Bil
Operating Income $1.3 Bil $1.4 Bil
Net Income $986.0 Mil $1.2 Bil

Last 2 Fiscal Quarters:

Metric 2025 FQ4 2026 FQ1
Revenues $1.7 Bil $1.6 Bil
Operating Income $394.0 Mil $311.0 Mil
Net Income $340.0 Mil $233.0 Mil

 
The losing streak NTAP stock is currently on doesn’t inspire much confidence among investors. In contrast, Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.