SnapNETS is a method for automatically segmenting and analyzing sequences of networks with labeled nodes. It uses graph summarization to extract structural and label properties from each network snapshot in a way that preserves the leading eigenvalue. The summarized snapshots are used to construct a segmentation graph with nodes for each segment and weighted edges between adjacent segments. The best segmentation is found by solving the average longest path problem in this graph, which balances the weight of the path with the number of segments in a parameter-free manner. Experiments on various real-world networks demonstrate SnapNETS outperforms other baselines and provides insights into how patterns in the networks change between segments.