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NetApp Inc (NTAP)

Upturn stock ratingUpturn stock rating
$109.56
Last Close (24-hour delay)
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PASS
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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

08/14/2025: NTAP (2-star) is currently NOT-A-BUY. Pass it for now.

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

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $115.43

1 Year Target Price $115.43

Analysts Price Target For last 52 week
$115.43 Target price
52w Low $71.49
Current$109.56
52w High $133.33

Analysis of Past Performance

Type Stock
Historic Profit 5.03%
Avg. Invested days 36
Today’s Advisory PASS
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 08/14/2025

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

ai summary icon Upturn AI SWOT

NetApp Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

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 Software - Infrastructure
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.