NetApp, Inc. (NTAP)
POSITIVEPrice
$178.50
Market Cap
$34.97B
Fundamental
67
Technical
85
Composite
72
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Overview
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 AFF and ASA A-Series and C-Series, NetApp AFX, NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage services comprising Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp Cloud Volumes ONTAP. In addition, the company offers operational services, such as NetApp Data Infrastructure Insights and Instaclustr; and professional and support services 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. Further, it offers ransomware protection, data backup and recovery, and disaster recovery. 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 cloud providers. The company has a strategic alliance with Commvault Systems, Inc. to develop an integrated solution for enterprise data protection and cyber resilience. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
Balance Sheet & Liquidity
Revenue
$6.24B
Net Income
$1.28B
Free Cash Flow
$1.47B
Total Equity
$1.35B
Total Liabilities
$9.39B
Current Ratio
1.44
Interest Coverage
-
Debt/EBITDA
5.61
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Fair Value Estimation
OvervaluedFair Value
$147.33
Current Price
$178.50
Margin of Safety
-21.2%
Fair Value Range
$108.29 - $186.36
Estimation Methods
Valuation Metrics
P/E Ratio
27.85
ROE
94.4%
P/B Ratio
25.93
P/FCF
23.80
Gross Margin
78.5%
ROIC
19.7%
Value Creation (Economic Moat)
ROIC
19.7%
WACC
9.8%
ROIC − WACC
+9.9 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (18)
- EPS shows upward trend
- EPS CAGR 53.32%
- Price CAGR 17.61%
- ROIC 19.7%
- Gross Margin 78.5%
- P/FCF 23.80
- Operating Margin 26.8%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 114.2%
- Earnings Surprise avg 2.8%
- PEG Ratio 1.90
- Earnings Quality (OCF/NI) 1.62
- Share Dilution 0.0%
- Piotroski F-Score 7/9
Failed (8)
- P/B Ratio 25.93
- Debt/Equity ratio
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
- Revenue Growth 5Y 3.8%
- Analyst Consensus 46% Buy
- Net Margin Trend 20.5% vs 20.5%
Unavailable (2)
- Dividend Payout NaN%
- Interest Coverage
Price Chart
Technical Indicators
RSI (14)
64.65
SMA 50
$161.46
SMA 200
$120.99
MACD
0.72
Volatility
2.5%
Momentum (12m)
71.4%
RSI 64.7, SMA trend bullish, momentum 71.4%.
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. George Kurian | CEO & Director | 58 |
| Mr. Cesar Cernuda Rego | President | 53 |
| Mr. Wissam G. Jabre C.F.A. | Executive VP & CFO | 54 |
| Pravjit Tiwana | Senior Vice President & GM Cloud Storage & Services | - |
| Mr. Gagan Gulati | Senior Vice President & GM of Data Services | - |
| Mr. Willem Hendrickx | Senior VP & GM of EMEA & LATAM | 57 |
| Mr. Kristian Kerr | Vice President of Partners & Pathways - EMEA Region | - |
| Mr. Russell Fishman | Senior Director of Product Management Global Innovation, Solutions, & Alliances | - |
| Mr. Hoseb Dermanilian | Senior Director of Worldwide Sales Specialist AI Solutions | - |
| Mr. Jeff Baxter | Vice President of Product Marketing | - |
Audit Risk
1
Board Risk
3
Compensation Risk
8
Shareholder Rights Risk
3
Latest News
Recent headlines for NTAP, sourced from Markets Gazette.
- 6/2/2026POSITIVEIf You Invested $1000 In NetApp Stock 10 Years Ago, You Would Have This Much Today
An investment of $1000 in NetApp Inc. (NTAP) stock a decade ago would have yielded a significant return, illustrating the company's long-term growth trajectory. While specific figures are not provided in the title, the implication of a substantial increase suggests strong performance driven by factors such as cloud data services expansion, strategic acquisitions, and consistent revenue growth. Investors who held NTAP through market fluctuations would have benefited from its resilience and innovation in the competitive enterprise storage and data management sector.
- 5/28/2026NEUTRALNetApp Q4 2026 Earnings Call: Complete Transcript
NetApp Inc. held its Q4 2026 earnings call on May 28, 2026. The transcript of this call is now available. While specific financial figures and forward-looking statements are detailed within the transcript, the announcement itself is informational. Investors should review the transcript for insights into the company's performance, strategic initiatives, and future outlook, which may influence trading decisions. The call covers operational performance, market conditions, and management's perspective on the company's trajectory.
- 5/28/2026POSITIVENetApp Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
NetApp, Inc. (NASDAQ: NTAP) is poised to announce its fourth-quarter earnings on May 27th, with analysts forecasting earnings per share of $2.27 on revenue of $1.87 billion. This projection suggests a potential beat against market expectations. The company recently received a Google Cloud award, a significant endorsement that could bolster its cloud services segment. Furthermore, the stock has already seen a positive uptick of 2.7%, indicating favorable market sentiment ahead of the official report. Analyst upgrades, such as Barclays' move to Overweight from Equal-Weight in March 2022, further support a bullish outlook for NTAP investors.
- 4/22/2026POSITIVEWhy Is NetApp (NTAP) Stock Trending Overnight
NetApp Inc. shares saw a modest overnight uptick following the announcement that it has been recognized as Google Cloud's 2026 Partner of the Year for infrastructure modernization. This award underscores the deepening strategic collaboration between NetApp and Google Cloud, particularly in the critical area of cloud storage solutions. The recognition suggests enhanced integration and performance of NetApp's offerings within the Google Cloud ecosystem, potentially driving increased adoption and revenue. Investors may view this as a positive indicator of NetApp's competitive positioning and future growth prospects in the cloud infrastructure market.
- 1/29/2026NEUTRALSuper Bowl LX Runs on Data: How NetApp Helps Power the World’s Biggest Game
The article highlights NetApp's role in providing data infrastructure for major events like the Super Bowl. While showcasing the company's technological capabilities, there's no direct indication of immediate financial impact or a shift in business outlook.
via Markets Gazette