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NetApp Inc(NTAP)
Top performer •
Today’s top pick 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NTAP
10/09/2026: NTAP (5-star) is a STRONG-BUY. BUY for 13 days. Simulated Profits (21.06%). Updated daily EoD!
NetApp Inc is an established provider of data management and storage infrastructure, currently evolving into a cloud-integrated software company. Its primary strengths lie in a robust, high-margin software portfolio (ONTAP) and deep partnerships with major public clouds, which help it maintain a significant presence in enterprise IT. The company's main growth opportunity centers on providing the data infrastructure required for AI workloads. However, risks include sensitivity to cyclical hardware spending and competition from native cloud storage. The stock may suit value-oriented and income-seeking investors, though it requires monitoring for continued growth in recurring software revenue versus traditional hardware sales volatility.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company provides steady growth in cloud services but faces headwinds from its traditional hardware segment. |
| Momentum investor | Strong fit while signal remains positive | Momentum investors may favor the stock during periods of strong cloud revenue acceleration and technical breakouts. |
| Value investor | Strong fit | NetApp often trades at moderate valuation multiples relative to its earnings and free cash flow generation. |
| Dividend investor | Strong fit | Consistent dividend payments and a history of share repurchases make it suitable for income-focused portfolios. |
| Low-risk investor | Mixed fit | While established and profitable, the company's reliance on technology spending cycles introduces moderate volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock is subject to broader technology sector swings and quarterly earnings results. |
| Valuation risk | Low | The stock generally trades at reasonable price-to-earnings multiples compared to high-growth SaaS peers. |
| Competition risk (Cloud & AI storage competition) | Medium / high | Intense competition from hyperscalers and specialized storage firms puts pressure on pricing and innovation speed. |
| Business quality | Strong | The company has a long-standing history of profitability and enterprise-grade reliability. |
| Dividend income | Medium | Dividends are reliable, though growth may be tempered by the company's capital allocation priorities. |
| Execution risk | Medium | Success depends on the ongoing effective integration of software services into customer cloud environments. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 100.06% | Avg. Invested days 39 | Today’s Advisory Strong Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 46.58B USD | Price to earnings Ratio 33.45 | 1Y Target Price 211.69 |
Price to earnings Ratio 33.45 | 1Y Target Price 211.69 | ||
Volume (30-day avg) 2.7M shares | Beta 1.45 | 52 Weeks Range 92.72 - 237.70 | Updated Date 10/11/2026 |
52 Weeks Range 92.72 - 237.70 | Updated Date 10/11/2026 | ||
Dividends yield (FY) 0.90% | Basic EPS (TTM) 7.09 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Hybrid Cloud & Storage Software | Software licensing, support, and subscription services for data management. | This is the high-margin, recurring revenue core of the business. |
| Hardware Systems | Sale of All-Flash and Hybrid storage array hardware. | Hardware sales are the entry point for many customers but generally offer lower margins than software. |
| Geography (Global) | Operations across the Americas, EMEA, and Asia-Pacific. | The company is globally diversified, with significant exposure to US and international enterprise spending. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 33.45 | Forward PE 21.37 | Enterprise Value 36.85B | Price to Sales(TTM) 6.3 |
Enterprise Value 36.85B | Price to Sales(TTM) 6.3 | ||
Enterprise Value to Revenue 4.99 | Enterprise Value to EBITDA 17.39 | Shares Outstanding 196.42M | Shares Floating 195.45M |
Shares Outstanding 196.42M | Shares Floating 195.45M | ||
Percent Insiders 0.33 | Percent Institutions 102.06 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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