
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About


NetApp Inc (NTAP)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/14/2025: NTAP (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $115.43
1 Year Target Price $115.43
3 | Strong Buy |
4 | Buy |
13 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 5.03% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 21.77B USD | Price to earnings Ratio 19.15 | 1Y Target Price 115.43 |
Price to earnings Ratio 19.15 | 1Y Target Price 115.43 | ||
Volume (30-day avg) 20 | Beta 1.44 | 52 Weeks Range 71.49 - 133.33 | Updated Date 08/15/2025 |
52 Weeks Range 71.49 - 133.33 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 1.90% | Basic EPS (TTM) 5.68 |
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 19.15 | Forward PE 14.22 | Enterprise Value 21567833621 | Price to Sales(TTM) 3.31 |
Enterprise Value 21567833621 | Price to Sales(TTM) 3.31 | ||
Enterprise Value to Revenue 3.28 | Enterprise Value to EBITDA 12.76 | Shares Outstanding 200099008 | Shares Floating 199202035 |
Shares Outstanding 200099008 | Shares Floating 199202035 | ||
Percent Insiders 0.49 | Percent Institutions 97.98 |
Upturn AI SWOT
NetApp Inc

Company Overview
History and Background
NetApp Inc. was founded in 1992 and is a global cloud-led, data-centric software company. It started as a provider of network-attached storage (NAS) and has evolved into a provider of cloud data services, storage systems, and software.
Core Business Areas
- Hybrid Cloud: Provides solutions that allow customers to manage data across on-premises and cloud environments. Includes ONTAP data management software and related hardware.
- Public Cloud Services: Offers cloud-based data services like Cloud Volumes ONTAP, Azure NetApp Files, and Cloud Insights.
- All-Flash Arrays: Develops and sells all-flash storage arrays designed for performance-intensive applications.
- Software Maintenance and Support: Provides software updates, maintenance, and technical support services for its products.
Leadership and Structure
George Kurian serves as the Chief Executive Officer. The company has a typical corporate structure with departments for engineering, sales, marketing, finance, and operations.
Top Products and Market Share
Key Offerings
- ONTAP: ONTAP is NetApp's flagship data management software. It provides data protection, storage efficiency, and hybrid cloud integration. Competitors include Dell EMC PowerStore, IBM Spectrum Virtualize, and HPE Alletra. Market share data is difficult to pinpoint precisely as it varies by segment and region. Revenue is significantly derived from this product.
- Azure NetApp Files: A fully managed, enterprise-grade file storage service, available on the Azure cloud platform. Competitors are Amazon FSx, Google Cloud Filestore. Significant growth potential within Azure ecosystem.
- Cloud Volumes ONTAP: Provides ONTAP data management capabilities in the cloud, allowing users to leverage NetApp's features in AWS, Azure and Google Cloud. Competitors include native cloud storage solutions and other third-party storage offerings.
Market Dynamics
Industry Overview
The data storage market is undergoing a significant transformation driven by cloud adoption, data growth, and the need for efficient data management. The trend is towards hybrid and multi-cloud environments.
Positioning
NetApp Inc. is positioned as a leader in hybrid cloud data management and storage solutions. Its competitive advantages include its ONTAP software, its partnerships with major cloud providers, and its focus on innovation. Its position is to help transition to and mange in the cloud.
Total Addressable Market (TAM)
The TAM for cloud data management and storage is expected to reach hundreds of billions of dollars. NetApp is positioned to capture a significant share of this market by offering solutions that address the growing demand for hybrid and multi-cloud environments.
Upturn SWOT Analysis
Strengths
- Strong hybrid cloud data management capabilities
- Strategic partnerships with major cloud providers (AWS, Azure, Google Cloud)
- Mature ONTAP data management platform
- Established customer base
- Innovation in flash storage and data services
Weaknesses
- Slower growth compared to pure-play cloud vendors
- Complex product portfolio
- High reliance on channel partners
- Can appear expensive versus cloud native solutions
Opportunities
- Growing demand for hybrid and multi-cloud solutions
- Expansion into new markets and industries
- Development of new cloud-native services
- Increased adoption of AI and machine learning
- Potential acquisitions to expand product offerings
Threats
- Intense competition from cloud providers and other storage vendors
- Rapid technological changes in the storage market
- Economic downturns affecting IT spending
- Cybersecurity threats
- Disruptive technologies such as composable infrastructure
Competitors and Market Share
Key Competitors
- DELL
- HPE
- IBM
- AMZN
- MSFT
- GOOG
Competitive Landscape
NetApp faces stiff competition from both established players and cloud providers. Its strengths include its ONTAP platform and hybrid cloud focus. Weaknesses include slower growth and complexity.
Major Acquisitions
Instaclustr
- Year: 2022
- Acquisition Price (USD millions): 450
- Strategic Rationale: Expanded NetApp's portfolio with fully managed open-source database and data pipeline technologies.
Growth Trajectory and Initiatives
Historical Growth: Assess NetApp's historical revenue and earnings growth rates. Identify key drivers of growth or decline.
Future Projections: Analyst estimates suggest growth in cloud-related services will be the primary driver, with hardware sales facing continued pressure. Check analyst reports for specific revenue and EPS forecasts.
Recent Initiatives: Focus on new product launches, partnerships, acquisitions, and other strategic initiatives aimed at driving future growth. This would include product updates, partnerships etc.
Summary
NetApp is a hybrid cloud storage and data management company navigating a competitive landscape. Its strengths lie in its ONTAP platform and partnerships with cloud providers. However, it faces challenges from cloud-native solutions and established competitors. Its success depends on effectively executing its hybrid cloud strategy.
Peer Comparison
Sources and Disclaimers
Data Sources:
- NetApp Investor Relations
- Industry Analyst Reports (Gartner, IDC)
- Company SEC Filings (10-K, 10-Q)
- Press Releases
- Publicly available financial data
- MarketWatch
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share estimates are approximate and may vary based on the source. Financial data should be verified with official company filings.
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 Software - Infrastructure | 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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.