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Upturn AI Summary - About
NetApp Inc(NTAP)
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
10/23/2026: NTAP (5-star) is a STRONG-BUY. BUY for 23 days. Simulated Profits (10.00%). Updated daily EoD!
NetApp Inc is an established provider of data storage and hybrid-cloud management software, known for its leading ONTAP platform. The company is successfully transitioning from a legacy hardware model to a recurring cloud-services business, supported by consistent cash flow and a reliable dividend. Its primary growth opportunity lies in providing the high-performance data infrastructure required for artificial intelligence, though it faces stiff competition from major cloud hyperscalers and agile storage competitors. Investors should monitor execution on its cloud-native offerings and fluctuations in enterprise capital spending. It is best suited for investors seeking a combination of income and long-term participation in hybrid-cloud trends.
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 | While it offers exposure to cloud growth, it remains a mature company with moderate growth rates. |
| Momentum investor | Mixed fit | Performance is highly dependent on enterprise IT cycles and broader cloud sentiment. |
| Value investor | Strong fit | The stock often trades at reasonable valuation multiples relative to its cash flow. |
| Dividend investor | Strong fit | The company provides a reliable and growing dividend supported by consistent cash flows. |
| Low-risk investor | Strong fit while signal remains positive | It is an established player with a strong balance sheet, though susceptible to sector volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock is influenced by broader tech sector movements and IT spending cycles. |
| Valuation risk | Medium | Investors must monitor if growth expectations are fully priced into the shares. |
| Competition risk (Cloud Infrastructure) | Medium / high | Intense competition from hyperscalers like AWS and Microsoft can pressure margins. |
| Business quality | Strong | The company has a long history of serving demanding enterprise clients with complex needs. |
| Dividend income | Low | Dividend payments are well-covered, providing a stable source of income. |
| Execution risk | Medium | Successful migration of legacy hardware customers to software-based cloud services is critical. |
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 81.78% | Avg. Invested days 40 | Today’s Advisory Regular Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 10/23/2026 |
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 42.32B USD | Price to earnings Ratio 30.39 | 1Y Target Price 211.69 |
Price to earnings Ratio 30.39 | 1Y Target Price 211.69 | ||
Volume (30-day avg) 2.5M shares | Beta 1.45 | 52 Weeks Range 92.72 - 240.87 | Updated Date 10/25/2026 |
52 Weeks Range 92.72 - 240.87 | Updated Date 10/25/2026 | ||
Dividends yield (FY) 0.98% | Basic EPS (TTM) 7.09 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Hybrid Cloud & Storage Software | ONTAP, Cloud Volumes, and related data management software licensing and subscriptions. | The primary engine of growth as customers move to subscription-based cloud services. |
| Hardware Systems | Enterprise storage hardware arrays like the AFF and FAS product lines. | A stable but mature revenue base that supports enterprise infrastructure. |
| Cloud Operations | Spot by NetApp and associated cloud optimization platforms. | A strategic segment focused on helping companies manage the cost of their public cloud usage. |
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 30.39 | Forward PE 21.37 | Enterprise Value 36.85B | Price to Sales(TTM) 5.73 |
Enterprise Value 36.85B | Price to Sales(TTM) 5.73 | ||
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 102.13 |
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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