(NTAP) NetApp - Overview

Sector: Technology | Industry: Software - Infrastructure | Exchange: NASDAQ (USA) | Market Cap: 19.984m USD | Total Return: 18.9% in 12m

Storage Systems, Data Management, Cloud Services, Software
Total Rating 54
Safety 76
Buy Signal -0.33
Software - Infrastructure
Industry Rotation: -27.5
Market Cap: 20.0B
Avg Turnover: 212M USD
ATR: 3.61%
Peers RS (IBD): 47.7
Risk 5d forecast
Volatility32.2%
Rel. Tail Risk-8.10%
Reward TTM
Sharpe Ratio0.43
Alpha-23.00
Character TTM
Beta1.381
Beta Downside0.980
Drawdowns 3y
Max DD42.61%
CAGR/Max DD0.37
EPS (Earnings per Share) EPS (Earnings per Share) of NTAP over the last years for every Quarter: "2021-04": 1.17, "2021-07": 1.15, "2021-10": 1.28, "2022-01": 1.44, "2022-04": 1.42, "2022-07": 1.2, "2022-10": 1.48, "2023-01": 1.37, "2023-04": 1.54, "2023-07": 1.15, "2023-10": 1.58, "2024-01": 1.94, "2024-04": 1.8, "2024-07": 1.56, "2024-10": 1.87, "2025-01": 1.91, "2025-04": 1.93, "2025-07": 1.55, "2025-10": 2.05, "2026-01": 2.12,
EPS CAGR: 11.28%
EPS Trend: 68.6%
Last SUE: 0.67
Qual. Beats: 0
Revenue Revenue of NTAP over the last years for every Quarter: 2021-04: 1555, 2021-07: 1458, 2021-10: 1566, 2022-01: 1614, 2022-04: 1680, 2022-07: 1592, 2022-10: 1663, 2023-01: 1526, 2023-04: 1581, 2023-07: 1432, 2023-10: 1562, 2024-01: 1606, 2024-04: 1667, 2024-07: 1541, 2024-10: 1658, 2025-01: 1641, 2025-04: 1732, 2025-07: 1559, 2025-10: 1705, 2026-01: 1713,
Rev. CAGR: 0.52%
Rev. Trend: 35.8%
Last SUE: 0.69
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: NTAP NetApp

NetApp, Inc. (NASDAQ: NTAP) delivers enterprise-grade data-management software, storage hardware, and multi-cloud services across two segments-Hybrid Cloud and Public Cloud-serving a broad range of industries from financial services to media. Its portfolio includes the ONTAP data-management suite, All-Flash FAS arrays, Cloud Volumes ONTAP, Azure NetApp Files, and the BlueXP operations platform, all designed to help customers modernize on-premises and hybrid multicloud environments.

In its most recent fiscal year (FY 2025), NetApp reported revenue of **$7.6 billion**, up **8 % YoY**, with cloud services revenue accelerating to **21 % growth**, driven by expanding AI workloads and regulatory data-retention requirements. The company posted an operating margin of **14 %** and earnings per share of **$2.45**, supported by strong cash flow generation of **$1.1 billion**. Sector-wide, the shift toward multi-cloud strategies and the surge in data-intensive applications continue to underpin demand for NetApp’s hybrid solutions.

For a deeper dive into valuation metrics and forward-looking scenarios, you may find ValueRay’s research worth exploring.

Headlines to Watch Out For
  • Hybrid Cloud segment revenue growth drives stock performance
  • Public Cloud services adoption impacts future revenue streams
  • Enterprise IT spending trends influence demand for storage solutions
  • Competition from cloud providers pressures pricing and market share
Piotroski VR‑10 (Strict) 7.5
Net Income: 1.21b TTM > 0 and > 6% of Revenue
FCF/TA: 0.16 > 0.02 and ΔFCF/TA 2.06 > 1.0
NWC/Revenue: 19.96% < 20% (prev -4.41%; Δ 24.37% < -1%)
CFO/TA 0.18 > 3% & CFO 1.79b > Net Income 1.21b
Net Debt (-281.0m) to EBITDA (1.79b): -0.16 < 3
Current Ratio: 1.37 > 1.5 & < 3
Outstanding Shares: last quarter (200.0m) vs 12m ago -3.85% < -2%
Gross Margin: 70.46% > 18% (prev 0.71%; Δ 6.98k% > 0.5%)
Asset Turnover: 70.77% > 50% (prev 72.39%; Δ -1.62% > 0%)
Interest Coverage Ratio: 15.55 > 6 (EBITDA TTM 1.79b / Interest Expense TTM 102.0m)
Altman Z'' 2.16
A: 0.13 (Total Current Assets 4.93b - Total Current Liabilities 3.59b) / Total Assets 9.97b
B: 0.00 (Retained Earnings 40.0m / Total Assets 9.97b)
C: 0.17 (EBIT TTM 1.59b / Avg Total Assets 9.48b)
D: 0.13 (Book Value of Equity 1.16b / Total Liabilities 8.81b)
Altman-Z'' Score: 2.16 = BBB
Beneish M -2.78
DSRI: 1.42 (Receivables 1.31b/898.0m, Revenue 6.71b/6.51b)
GMI: 1.00 (GM 70.46% / 70.62%)
AQI: 0.89 (AQ_t 0.42 / AQ_t-1 0.48)
SGI: 1.03 (Revenue 6.71b / 6.51b)
TATA: -0.06 (NI 1.21b - CFO 1.79b) / TA 9.97b)
Beneish M-Score: -2.78 (Cap -4..+1) = A
What is the price of NTAP shares? As of April 11, 2026, the stock is trading at USD 95.93 with a total of 1,977,951 shares traded.
Over the past week, the price has changed by -4.93%, over one month by -0.50%, over three months by -9.91% and over the past year by +18.85%.
Is NTAP a buy, sell or hold? NetApp has received a consensus analysts rating of 3.50. Therefor, it is recommend to hold NTAP.
  • StrongBuy: 3
  • Buy: 4
  • Hold: 13
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the NTAP price?
Analysts Target Price 117.9 22.9%
NetApp (NTAP) - Fundamental Data Overview as of 08 April 2026
P/E Trailing = 16.9295
P/E Forward = 11.7509
P/S = 2.9787
P/B = 17.6115
P/EG = 1.1758
Revenue TTM = 6.71b USD
EBIT TTM = 1.59b USD
EBITDA TTM = 1.79b USD
Long Term Debt = 2.49b USD (from longTermDebt, last quarter)
Short Term Debt = 41.0m USD (from shortTermDebt, last quarter)
Debt = 2.73b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -281.0m USD (recalculated: Debt 2.73b - CCE 3.02b)
Enterprise Value = 19.70b USD (19.98b + Debt 2.73b - CCE 3.02b)
Interest Coverage Ratio = 15.55 (Ebit TTM 1.59b / Interest Expense TTM 102.0m)
EV/FCF = 12.25x (Enterprise Value 19.70b / FCF TTM 1.61b)
FCF Yield = 8.17% (FCF TTM 1.61b / Enterprise Value 19.70b)
FCF Margin = 23.98% (FCF TTM 1.61b / Revenue TTM 6.71b)
Net Margin = 18.07% (Net Income TTM 1.21b / Revenue TTM 6.71b)
Gross Margin = 70.46% ((Revenue TTM 6.71b - Cost of Revenue TTM 1.98b) / Revenue TTM)
Gross Margin QoQ = 70.58% (prev 71.96%)
Tobins Q-Ratio = 1.98 (Enterprise Value 19.70b / Total Assets 9.97b)
Interest Expense / Debt = 0.95% (Interest Expense 26.0m / Debt 2.73b)
Taxrate = 22.86% (99.0m / 433.0m)
NOPAT = 1.22b (EBIT 1.59b * (1 - 22.86%))
Current Ratio = 1.37 (Total Current Assets 4.93b / Total Current Liabilities 3.59b)
Debt / Equity = 2.36 (Debt 2.73b / totalStockholderEquity, last quarter 1.16b)
Debt / EBITDA = -0.16 (Net Debt -281.0m / EBITDA 1.79b)
Debt / FCF = -0.17 (Net Debt -281.0m / FCF TTM 1.61b)
Total Stockholder Equity = 1.04b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.78% (Net Income 1.21b / Total Assets 9.97b)
RoE = 116.6% (Net Income TTM 1.21b / Total Stockholder Equity 1.04b)
RoCE = 44.98% (EBIT 1.59b / Capital Employed (Equity 1.04b + L.T.Debt 2.49b))
RoIC = 32.95% (NOPAT 1.22b / Invested Capital 3.71b)
WACC = 9.62% (E(19.98b)/V(22.72b) * Re(10.84%) + D(2.73b)/V(22.72b) * Rd(0.95%) * (1-Tc(0.23)))
Discount Rate = 10.84% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.41%
[DCF] Terminal Value 74.85% ; FCFF base≈1.47b ; Y1≈1.68b ; Y5≈2.31b
[DCF] Fair Price = 155.0 (EV 30.30b - Net Debt -281.0m = Equity 30.58b / Shares 197.3m; r=9.62% [WACC]; 5y FCF grow 16.25% → 3.0% )
EPS Correlation: 68.65 | EPS CAGR: 11.28% | SUE: 0.67 | # QB: 0
Revenue Correlation: 35.83 | Revenue CAGR: 0.52% | SUE: 0.69 | # QB: 0
EPS next Quarter (2026-07-31): EPS=1.83 | Chg7d=-0.012 | Chg30d=-0.036 | Revisions Net=-1 | Analysts=16
EPS next Year (2027-04-30): EPS=8.51 | Chg7d=-0.030 | Chg30d=-0.023 | Revisions Net=+2 | Growth EPS=+6.8% | Growth Revenue=+4.8%
[Analyst] Revisions Ratio: -0.08 (6 Up / 7 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 4.9% (Discount Rate 10.8% - Earnings Yield 5.9%)
[Growth] Growth Spread = +2.2% (Analyst 7.1% - Implied 4.9%)
External Resources
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