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NetApp Inc (NTAP)



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Upturn Advisory Summary
06/30/2025: NTAP (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $114.39
1 Year Target Price $114.39
3 | Strong Buy |
4 | Buy |
13 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 9.15% | Avg. Invested days 34 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 21.35B USD | Price to earnings Ratio 18.79 | 1Y Target Price 114.39 |
Price to earnings Ratio 18.79 | 1Y Target Price 114.39 | ||
Volume (30-day avg) 20 | Beta 1.41 | 52 Weeks Range 71.84 - 133.98 | Updated Date 06/30/2025 |
52 Weeks Range 71.84 - 133.98 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 1.97% | Basic EPS (TTM) 5.67 |
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 - | When - | Estimate - | Actual - |
Profitability
Profit Margin 18.05% | Operating Margin (TTM) 22.75% |
Management Effectiveness
Return on Assets (TTM) 8.6% | Return on Equity (TTM) 108.51% |
Valuation
Trailing PE 18.79 | Forward PE 13.74 | Enterprise Value 20827710646 | Price to Sales(TTM) 3.25 |
Enterprise Value 20827710646 | Price to Sales(TTM) 3.25 | ||
Enterprise Value to Revenue 3.17 | Enterprise Value to EBITDA 12.32 | Shares Outstanding 200366000 | Shares Floating 199139921 |
Shares Outstanding 200366000 | Shares Floating 199139921 | ||
Percent Insiders 0.53 | Percent Institutions 95.52 |
Analyst Ratings
Rating 5 | Target Price 114.39 | Buy 4 | Strong Buy 3 |
Buy 4 | Strong Buy 3 | ||
Hold 13 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
NetApp Inc

Company Overview
History and Background
NetApp Inc. was founded in 1992. It initially focused on network file storage appliances. Over time, it evolved to offer a broader range of data management and cloud storage services, including software and hardware solutions.
Core Business Areas
- Hybrid Cloud: NetApp helps businesses manage their data across on-premises and public cloud environments, offering solutions for data mobility, protection, and governance.
- All-Flash Arrays: NetApp provides high-performance all-flash storage arrays designed for demanding workloads, offering low latency and high throughput.
- Cloud Data Services: NetApp offers various cloud-based services, including data management, protection, and analytics solutions, integrated with major public cloud providers.
Leadership and Structure
George Kurian is the current CEO. The company has a traditional corporate structure with departments like Engineering, Sales, Marketing, and Finance. It is publicly traded and listed on the NASDAQ.
Top Products and Market Share
Key Offerings
- ONTAP: ONTAP is NetApp's flagship data management software platform, providing data protection, security, and efficiency features. It supports various storage environments, including on-premises and cloud deployments. Competitors include Dell EMC PowerStore, IBM Spectrum Virtualize, and Pure Storage Purity.
- All Flash FAS (AFF): All Flash FAS is NetApp's all-flash storage array line, designed for high-performance workloads. It competes with Pure Storage FlashArray, Dell EMC PowerMax, and IBM FlashSystem. Market share is difficult to ascertain precisely, but AFF contributes a significant portion of NetApp's product revenue.
- Cloud Volumes ONTAP: Cloud Volumes ONTAP is a cloud-based version of ONTAP that enables data management and storage services within public clouds like AWS, Azure, and Google Cloud. It competes with native cloud storage services like AWS EBS, Azure Disk Storage, and Google Persistent Disk.
Market Dynamics
Industry Overview
The data storage and management market is growing, driven by increasing data volumes, cloud adoption, and the need for robust data protection and security. The industry is competitive, with both established players and emerging startups.
Positioning
NetApp is positioned as a leader in hybrid cloud data management, offering solutions that span on-premises and public cloud environments. Its competitive advantages include its ONTAP data management platform, its all-flash array technology, and its partnerships with major cloud providers.
Total Addressable Market (TAM)
The TAM for enterprise storage solutions is estimated to be worth hundreds of billions of dollars. NetApp is focusing on gaining more share in the hybrid cloud segment, as many firms now adopt Hybrid Cloud solutions.
Upturn SWOT Analysis
Strengths
- Strong ONTAP data management platform
- Solid hybrid cloud capabilities
- Established relationships with major cloud providers
- Extensive enterprise customer base
- Strong all-flash array technology
Weaknesses
- Can be perceived as more expensive than competitors
- Complexity in product portfolio
- Slower growth compared to cloud-native competitors
- Hybrid Cloud integrations can be complex
Opportunities
- Growing adoption of hybrid cloud and multi-cloud environments
- Increasing demand for data management and protection
- Expansion into emerging markets
- Development of new cloud-based services
- AI-Driven storage
Threats
- Competition from larger cloud providers (AWS, Azure, Google)
- Emergence of new storage technologies
- Economic slowdown
- Cybersecurity risks
- Price pressure from competitors
Competitors and Market Share
Key Competitors
- DELL
- HPE
- IBM
- PSTG
Competitive Landscape
NetApp competes against a range of companies, including large cloud providers, established storage vendors, and emerging startups. NetApp has strengths in hybrid cloud and ONTAP data management, but faces challenges from competitors with deeper pockets or more cloud-native solutions.
Major Acquisitions
Spot
- Year: 2020
- Acquisition Price (USD millions): 450
- Strategic Rationale: Acquisition of cloud compute management and cost optimization platform.
Growth Trajectory and Initiatives
Historical Growth: NetApp's historical growth has been driven by its strength in enterprise storage and its expansion into hybrid cloud. However, growth rates can fluctuate depending on market conditions.
Future Projections: Analyst estimates typically project continued growth for NetApp, driven by cloud adoption and data management needs.
Recent Initiatives: Recent initiatives include strategic partnerships with cloud providers, investments in new cloud-based services, and enhancements to its ONTAP platform.
Summary
NetApp is a reasonably strong player in the hybrid cloud data management market. Its ONTAP platform remains a key strength, but they need to effectively leverage their hybrid cloud capabilities and adapt to the changing market dynamics. Stiff competition from cloud providers and innovative startups necessitates continued investment in innovation and strategic partnerships. Growth opportunities exist in emerging markets and new cloud services.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports (Gartner, IDC)
- Financial News Outlets (Reuters, Bloomberg)
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It should not be construed as financial advice. Market data and analyst estimates are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 Computer Hardware | Full time employees 11700 | Website https://www.netapp.com |
Full time employees 11700 | Website https://www.netapp.com |
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.
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