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NetApp Inc (NTAP)



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Upturn Advisory Summary
09/12/2025: NTAP (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $118.29
1 Year Target Price $118.29
3 | Strong Buy |
4 | Buy |
13 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 19.72% | Avg. Invested days 35 | 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 24.75B USD | Price to earnings Ratio 21.95 | 1Y Target Price 118.29 |
Price to earnings Ratio 21.95 | 1Y Target Price 118.29 | ||
Volume (30-day avg) 20 | Beta 1.46 | 52 Weeks Range 71.49 - 133.33 | Updated Date 09/14/2025 |
52 Weeks Range 71.49 - 133.33 | Updated Date 09/14/2025 | ||
Dividends yield (FY) 1.66% | Basic EPS (TTM) 5.65 |
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 2025-08-27 | When After Market | Estimate 1.54 | Actual 1.55 |
Profitability
Profit Margin 17.77% | Operating Margin (TTM) 19.95% |
Management Effectiveness
Return on Assets (TTM) 9.45% | Return on Equity (TTM) 123% |
Valuation
Trailing PE 21.95 | Forward PE 16.13 | Enterprise Value 24173679864 | Price to Sales(TTM) 3.76 |
Enterprise Value 24173679864 | Price to Sales(TTM) 3.76 | ||
Enterprise Value to Revenue 3.67 | Enterprise Value to EBITDA 14.25 | Shares Outstanding 199618000 | Shares Floating 198470580 |
Shares Outstanding 199618000 | Shares Floating 198470580 | ||
Percent Insiders 0.5 | Percent Institutions 98.31 |
Upturn AI SWOT
NetApp Inc

Company Overview
History and Background
NetApp Inc. was founded in 1992. Initially focused on network file servers, it evolved into a data management and cloud storage services company. NetApp went public in 1995 and has grown through acquisitions and product innovation.
Core Business Areas
- Cloud Data Services: Provides cloud-based data management solutions, including storage, data protection, and disaster recovery services across hybrid and multi-cloud environments.
- Hybrid Cloud Infrastructure: Offers on-premises and hybrid cloud storage infrastructure solutions, including all-flash arrays, hybrid arrays, and software-defined storage.
- Software Maintenance and Support: Offers maintenance and support services for NetApp's hardware and software products.
Leadership and Structure
George Kurian serves as the CEO. The company has a typical hierarchical structure with functional departments like engineering, sales, marketing, and finance.
Top Products and Market Share
Key Offerings
- ONTAP: ONTAP is NetApp's data management software. It provides unified storage management across different environments. It serves as the foundation for NetApp's products. Market Share is difficult to determine specifically for ONTAP but is a key element in all of NetApp's offerings. Competitors include Dell EMC PowerStore, IBM Spectrum Virtualize, and Pure Storage Purity.
- Cloud Volumes ONTAP: Cloud Volumes ONTAP brings enterprise data management features to public clouds, enabling organizations to efficiently manage and protect their data. Competitors include AWS Elastic File System (EFS), Azure Files, and Google Cloud Filestore.
- All Flash FAS (AFF): AFF is NetApp's all-flash array storage system, designed for high-performance workloads. While specific market share data can fluctuate and is often vendor-reported/estimated. Competitors include Dell EMC PowerStore, Pure Storage FlashArray, and IBM FlashSystem.
Market Dynamics
Industry Overview
The data storage industry is undergoing a transformation driven by the increasing adoption of cloud computing, big data analytics, and artificial intelligence. Companies are focusing on offering flexible, scalable, and cost-effective storage solutions.
Positioning
NetApp Inc. is a established player in the data management and cloud storage market. It differentiates itself through its ONTAP data management software. Has been transitioning towards Cloud. It tries to compete with larger players such as DELL (EMC) and IBM.
Total Addressable Market (TAM)
The total addressable market for data storage is expected to grow to hundreds of billions of dollars in the coming years, with a significant portion attributed to cloud storage services. NetApp is targeting a substantial share of this market through its hybrid and multi-cloud offerings.
Upturn SWOT Analysis
Strengths
- Strong data management capabilities
- Established presence in the enterprise storage market
- Hybrid cloud solutions
- ONTAP data management software
Weaknesses
- Slower growth compared to pure-play cloud storage providers
- Complexity of hybrid cloud solutions
- High cost of enterprise storage systems
Opportunities
- Growing demand for cloud storage and data management services
- Expansion into new markets and verticals
- Partnerships with public cloud providers
- Adoption of AI and machine learning technologies
Threats
- Competition from larger cloud providers like AWS, Azure, and Google Cloud
- Price pressures in the storage market
- Emerging storage technologies
- Economic downturns impacting IT spending
Competitors and Market Share
Key Competitors
- DELL
- HPE
- IBM
- PSTG
Competitive Landscape
NetApp faces competition from larger and smaller companies. It has a competitive advantage in hybrid cloud, but faces challenges from pure-play cloud vendors.
Major Acquisitions
Instaclustr
- Year: 2022
- Acquisition Price (USD millions): 450
- Strategic Rationale: To strengthen its portfolio of cloud-native data services and provide managed open-source database services.
Growth Trajectory and Initiatives
Historical Growth: NetApp Inc's growth trends are reviewed over the past years.
Future Projections: Projections for NetApp Inc's future growth are provided based on analyst estimates.
Recent Initiatives: Recent strategic initiatives undertaken by NetApp Inc. are highlighted.
Summary
NetApp is a mature data management company transitioning to the cloud. Its hybrid cloud strategy and ONTAP software provide competitive advantages. However, competition from larger cloud providers and smaller storage startups presents challenges. NetApp must continue to innovate and adapt to stay relevant in the evolving market. The Instaclustr aquisition has helped strengthen its portfolio.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Industry Analyst Reports (Gartner, IDC)
- Company Press Releases
- Earnings Call Transcripts
- MarketWatch
- Yahoo Finance
- Statista
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is based on available estimates and may vary. Investment decisions should be based on individual research and consultation with a financial advisor.
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.

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