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NetApp Inc (NTAP)

Upturn stock ratingUpturn stock rating
$124
Last Close (24-hour delay)
Profit since last BUY13.98%
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Consider higher Upturn Star rating
BUY since 20 days
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Upturn Advisory Summary

09/12/2025: NTAP (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

20 Analysts rated it

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $118.29

1 Year Target Price $118.29

Analysts Price Target For last 52 week
$118.29 Target price
52w Low $71.49
Current$124
52w High $133.33

Analysis of Past Performance

Type Stock
Historic Profit 19.72%
Avg. Invested days 35
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/12/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 24.75B USD
Price to earnings Ratio 21.95
1Y Target Price 118.29
Price to earnings Ratio 21.95
1Y Target Price 118.29
Volume (30-day avg) 20
Beta 1.46
52 Weeks Range 71.49 - 133.33
Updated Date 09/14/2025
52 Weeks Range 71.49 - 133.33
Updated Date 09/14/2025
Dividends yield (FY) 1.66%
Basic EPS (TTM) 5.65

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-08-27
When After Market
Estimate 1.54
Actual 1.55

Profitability

Profit Margin 17.77%
Operating Margin (TTM) 19.95%

Management Effectiveness

Return on Assets (TTM) 9.45%
Return on Equity (TTM) 123%

Valuation

Trailing PE 21.95
Forward PE 16.13
Enterprise Value 24173679864
Price to Sales(TTM) 3.76
Enterprise Value 24173679864
Price to Sales(TTM) 3.76
Enterprise Value to Revenue 3.67
Enterprise Value to EBITDA 14.25
Shares Outstanding 199618000
Shares Floating 198470580
Shares Outstanding 199618000
Shares Floating 198470580
Percent Insiders 0.5
Percent Institutions 98.31

ai summary icon Upturn AI SWOT

NetApp Inc

stock logo

Company Overview

overview logo History and Background

NetApp Inc. was founded in 1992. Initially focused on network file servers, it evolved into a data management and cloud storage services company. NetApp went public in 1995 and has grown through acquisitions and product innovation.

business area logo Core Business Areas

  • Cloud Data Services: Provides cloud-based data management solutions, including storage, data protection, and disaster recovery services across hybrid and multi-cloud environments.
  • Hybrid Cloud Infrastructure: Offers on-premises and hybrid cloud storage infrastructure solutions, including all-flash arrays, hybrid arrays, and software-defined storage.
  • Software Maintenance and Support: Offers maintenance and support services for NetApp's hardware and software products.

leadership logo Leadership and Structure

George Kurian serves as the CEO. The company has a typical hierarchical structure with functional departments like engineering, sales, marketing, and finance.

Top Products and Market Share

overview logo Key Offerings

  • ONTAP: ONTAP is NetApp's data management software. It provides unified storage management across different environments. It serves as the foundation for NetApp's products. Market Share is difficult to determine specifically for ONTAP but is a key element in all of NetApp's offerings. Competitors include Dell EMC PowerStore, IBM Spectrum Virtualize, and Pure Storage Purity.
  • Cloud Volumes ONTAP: Cloud Volumes ONTAP brings enterprise data management features to public clouds, enabling organizations to efficiently manage and protect their data. Competitors include AWS Elastic File System (EFS), Azure Files, and Google Cloud Filestore.
  • All Flash FAS (AFF): AFF is NetApp's all-flash array storage system, designed for high-performance workloads. While specific market share data can fluctuate and is often vendor-reported/estimated. Competitors include Dell EMC PowerStore, Pure Storage FlashArray, and IBM FlashSystem.

Market Dynamics

industry overview logo Industry Overview

The data storage industry is undergoing a transformation driven by the increasing adoption of cloud computing, big data analytics, and artificial intelligence. Companies are focusing on offering flexible, scalable, and cost-effective storage solutions.

Positioning

NetApp Inc. is a established player in the data management and cloud storage market. It differentiates itself through its ONTAP data management software. Has been transitioning towards Cloud. It tries to compete with larger players such as DELL (EMC) and IBM.

Total Addressable Market (TAM)

The total addressable market for data storage is expected to grow to hundreds of billions of dollars in the coming years, with a significant portion attributed to cloud storage services. NetApp is targeting a substantial share of this market through its hybrid and multi-cloud offerings.

Upturn SWOT Analysis

Strengths

  • Strong data management capabilities
  • Established presence in the enterprise storage market
  • Hybrid cloud solutions
  • ONTAP data management software

Weaknesses

  • Slower growth compared to pure-play cloud storage providers
  • Complexity of hybrid cloud solutions
  • High cost of enterprise storage systems

Opportunities

  • Growing demand for cloud storage and data management services
  • Expansion into new markets and verticals
  • Partnerships with public cloud providers
  • Adoption of AI and machine learning technologies

Threats

  • Competition from larger cloud providers like AWS, Azure, and Google Cloud
  • Price pressures in the storage market
  • Emerging storage technologies
  • Economic downturns impacting IT spending

Competitors and Market Share

competitor logo Key Competitors

  • DELL
  • HPE
  • IBM
  • PSTG

Competitive Landscape

NetApp faces competition from larger and smaller companies. It has a competitive advantage in hybrid cloud, but faces challenges from pure-play cloud vendors.

Major Acquisitions

Instaclustr

  • Year: 2022
  • Acquisition Price (USD millions): 450
  • Strategic Rationale: To strengthen its portfolio of cloud-native data services and provide managed open-source database services.

Growth Trajectory and Initiatives

Historical Growth: NetApp Inc's growth trends are reviewed over the past years.

Future Projections: Projections for NetApp Inc's future growth are provided based on analyst estimates.

Recent Initiatives: Recent strategic initiatives undertaken by NetApp Inc. are highlighted.

Summary

NetApp is a mature data management company transitioning to the cloud. Its hybrid cloud strategy and ONTAP software provide competitive advantages. However, competition from larger cloud providers and smaller storage startups presents challenges. NetApp must continue to innovate and adapt to stay relevant in the evolving market. The Instaclustr aquisition has helped strengthen its portfolio.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q)
  • Industry Analyst Reports (Gartner, IDC)
  • Company Press Releases
  • Earnings Call Transcripts
  • MarketWatch
  • Yahoo Finance
  • Statista

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share data is based on available estimates and may vary. Investment decisions should be based on individual research and consultation with a financial advisor.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About NetApp Inc

Exchange NASDAQ
Headquaters San Jose, CA, United States
IPO Launch date 1995-11-21
CEO & Director Mr. George Kurian
Sector Technology
Industry Software - Infrastructure
Full time employees 11700
Full time employees 11700

NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, including NetApp All-Flash FAS (AFF A-Series), NetApp All-Flash FAS with capacity flash (AFF C-Series), NetApp All-Flash SAN Array (ASA A-Series & C-Series), NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp BlueXP, BlueXP Copy and Sync, BlueXP Backup and Recovery, BlueXP Classification, and BlueXP Ransomware Protection. In addition, the company offers operational services, such as NetApp Data Infrastructure Insights and Instaclustr; and professional and support services offerings include storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, migration, and proactive support services to help customers optimize the performance and efficiency of their on-premises and hybrid multicloud storage environments. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners, including the leading cloud providers. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.