NTAP

NetApp, Inc.

Fundamental data last updated:September 22, 2026

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company profile

SECTOR

Technology

industry

Computer Hardware

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense, and NetApp Cloud Volumes Edge Cache; and cloud operations services, such as NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco, and Spot CloudCheckr. In addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

 


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VALUATION

P/E

27.79

Market Cap ($M USD)

$35.65B

Forward P/E

19.13

PEG

0.42

PRICE TO SALES

5.15

PRICE TO BOOK

26.25

EV / EBITDA

18.38

5-Year Average P/E

Free Cash Flow Yield

5.24%

DCF Value

$112.27

Graham Number

$31.61

Price to FCF

19.08

EV to FCF

18.49

Earnings Yield

3.60%

FCF Yield

5.24%

DIVIDEND

Yield

1.16%

Annual Payout

$2.08

Payout Ratio

32.37%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$6.48

Next Year EPS Growth Estimate

$9.41

Next Year Revenue Growth Estimate

$7.60B

Return on Equity (ROE)

114.18%

FREE CASH FLOW

Operating Margin

24.13%

Debt-to-Equity

3.36

Piotroski F-Score

7

Altman Z-Score

3.68

Return on Invested Capital (ROIC)

24.85%

Current Ratio

1.44

Quick Ratio

1.39

Net Debt to EBITDA

-0.58

Interest Coverage

20.63

Gross Profit margin

70.74%

FCF PER SHARE

$9.49

REVENUE PER SHARE

$35.15

Analyze NTAP on TradingView

Gainseekers Quantitative Analysis

Summary

The market seems to be mispricing NTAP, with its snapshot price slightly above its DCF value, suggesting a potential overvaluation. However, the Forward P/E of 12.54 and a PEG ratio of 0.23 indicate strong growth prospects at a reasonable price, a rare find in the tech sector. The Altman Z-score of 2.96 suggests moderate financial health, while the impressive Earnings Yield of 5.19% underscores its profitability. The stock’s valuation metrics paint a picture of a company that is currently trading with a premium, yet its growth potential and profitability metrics offer a compelling counter-narrative.

AI Exposure / Tech Reliance

In the rapidly evolving tech landscape, NTAP's positioning in the Computer Hardware industry suggests a robust adaptability to AI and modern technological shifts. As data storage and management become increasingly critical, NTAP's offerings are likely to remain relevant. This positions the company well to capitalize on the growing demand for efficient data solutions.

The Bull Case

For the discerning GARP investor, NTAP presents an enticing opportunity. With a ROIC of 23.32%, the company demonstrates exceptional capital efficiency, translating into robust shareholder returns. A Piotroski F-Score of 7 indicates strong financial health, while a Free Cash Flow Yield of 6.88% highlights its ability to generate cash. Coupled with an operating margin of 22.16%, NTAP showcases significant pricing power and operational efficiency, making it a compelling buy.

The Bear Case

Despite its strengths, NTAP faces structural risks that cannot be ignored. The Price/Book ratio of 20.18 and Price/Sales of 3.48 suggest a valuation that may be stretched, especially when considering its proximity to the 52-week high. The stock's technical overextension could deter cautious investors. Additionally, a Debt/Equity ratio of 3.36 raises concerns about leverage, despite its manageable Net Debt to EBITDA ratio.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$149.50

Institutional Ownership %

1-Year Beta

1.27

Insider Buying % (6 Mo)

Distance to 52-Week High

7.12%

Distance to 52-Week Low

47.95%

EARNINGS SURPRISE %

7.05%

50-DAY SMA

$110.60

200-DAY SMA

$110.52

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.