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NetApp Inc (NTAP)

Upturn stock ratingUpturn stock rating
$106.55
Last Close (24-hour delay)
Profit since last BUY7.01%
upturn advisory
Consider higher Upturn Star rating
BUY since 27 days
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  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
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Upturn Advisory Summary

06/30/2025: 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

Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.

1 Year Target Price $114.39

1 Year Target Price $114.39

Analysts Price Target For last 52 week
$114.39Target price
Low$71.84
Current$106.55
high$133.98

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 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 06/30/2025

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 -

ai summary icon Upturn AI SWOT

NetApp Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

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 Computer Hardware
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.