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NetApp, Inc. (NTAP)

POSITIVE
TechnologySoftware - InfrastructureUnited States

Price

$161.61

Market Cap

$31.66B

Fundamental

68

Technical

75

Composite

70

AI Analysis

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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 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. 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

Fairly Valued

Fair Value

$145.84

Current Price

$161.61

Margin of Safety

-10.8%

Fair Value Range

$108.53 - $183.16

Estimation Methods

Analyst Target:$171.75
DCF:$142.36
PE-based:$124.61
Graham Growth:$209.21
EPV:$53.01
Analyst Consensus:Buy (12B / 15H / 1S)
Last Earnings Surprise:+5.09%

Valuation Metrics

P/E Ratio

25.21

ROE

94.4%

P/B Ratio

23.44

P/FCF

21.51

Gross Margin

78.5%

ROIC

19.7%

Value Creation (Economic Moat)

ROIC

19.7%

WACC

9.7%

ROIC − WACC

+10.0 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 16.44%
  • ROIC 19.7%
  • Gross Margin 78.5%
  • P/FCF 21.51
  • 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 1.71
  • Earnings Quality (OCF/NI) 1.62
  • Share Dilution 0.0%
  • Piotroski F-Score 7/9

Failed (8)

  • P/B Ratio 23.44
  • Debt/Equity ratio
  • CapEx intensity
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Revenue Growth 5Y 3.8%
  • Analyst Consensus 43% Buy
  • Net Margin Trend 20.5% vs 20.5%

Unavailable (2)

  • Dividend Payout NaN%
  • Interest Coverage

Price Chart

Technical Indicators

RSI (14)

62.57

SMA 50

$125.52

SMA 200

$113.89

MACD

-1.36

Volatility

2.5%

Momentum (12m)

57.0%

RSI 62.6, SMA trend bullish, momentum 57.0%.

Piotroski F-Score

7/9

Strong financial health

score
criteria

Earnings Quality

1.62

High quality: earnings backed by cash

Share Dilution

0.0%

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. George KurianCEO & Director58
Mr. Cesar Cernuda RegoPresident53
Mr. Wissam G. Jabre C.F.A.Executive VP & CFO54
Ms. Elizabeth M. O'Callahan J.D.EVP, Chief Administrative Officer & Corporate Secretary55
Mr. Gus ShahinExecutive Vice President of Business Technology & Operations-
Mr. Daniel De LorenzoVP, Controller & Chief Accounting Officer42
Ms. Kris NewtonVP of Corporate Communications & Investor Relations-
Ms. Gabrielle BokoChief Marketing Officer-
Mr. Octavian TanaseSenior Vice President of Engineering - Hybrid Cloud Group-
Mr. Puneet GuptaManaging Director of NetApp India Marketing & Services-

Audit Risk

1

Board Risk

3

Compensation Risk

8

Shareholder Rights Risk

3

Latest News

Recent headlines for NTAP, sourced from Markets Gazette.

  • 15d agoPOSITIVE
    If 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.

  • 20d agoNEUTRAL
    NetApp 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.

  • 20d agoPOSITIVE
    NetApp 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.

  • 4/22/2026POSITIVE
    Why 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.

  • 1/29/2026NEUTRAL
    Super 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

Disclaimer

This platform is for educational purposes only. It does not provide financial, investment, or trading advice. All scores, valuations, and signals are based on automated analysis of publicly available data that may be incomplete or inaccurate. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

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