(NTAP) NetApp - Overview
Sector: Technology | Industry: Software - Infrastructure | Exchange: NASDAQ (USA) | Market Cap: 27.602m USD | Total Return: 41.5% in 12m
Avg Turnover: 239M
EPS Trend: 88.8%
Qual. Beats: 0
Rev. Trend: 88.7%
Qual. Beats: 0
Warnings
Overextended 3d
Tailwinds
Supp Ema8
NetApp, Inc. is a global provider of data management software and storage infrastructure solutions, operating through Hybrid Cloud and Public Cloud segments. The company’s portfolio includes proprietary data management software like ONTAP, all-flash and fabric-attached storage systems, and integrated cloud storage services developed in partnership with major hyperscalers such as Amazon Web Services, Microsoft Azure, and Google Cloud.
The company operates within the data storage sector, which is currently transitioning from traditional hardware-centric models to software-defined storage and Storage-as-a-Service (STaaS) consumption models. NetApp utilizes a hybrid go-to-market strategy, leveraging both a direct sales force and a broad partner ecosystem to serve industries ranging from financial services to telecommunications.
For a more detailed look at the companys fundamentals, you may want to explore the quantitative metrics available on ValueRay.
- All-flash storage array adoption accelerates enterprise data infrastructure modernization and revenue growth
- Public cloud services expansion through hyperscaler partnerships drives high-margin recurring revenue
- Enterprise shift toward hybrid multicloud environments increases demand for unified data management
- Artificial intelligence workloads stimulate high-performance storage requirements and infrastructure hardware sales
| 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 (-33.0m) to EBITDA (1.79b): -0.02 < 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) |
| 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'' = 2.16 = BBB |
| 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 = -2.78 (Cap -4..+1) = A |
As of May 26, 2026, the stock is trading at USD 139.36 with a total of 6,667,700 shares traded.
Over the past week, the price has changed by +16.20%,
over one month by +28.51%,
over three months by +37.49% and
over the past year by +41.53%.
NetApp has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold NTAP.
- StrongBuy: 6
- Buy: 2
- Hold: 11
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 117.6 | -15.6% |
P/E Trailing = 23.3826
P/E Forward = 14.1044
P/S = 4.1141
P/B = 21.121
P/EG = 1.4101
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 = 2.98b USD (from shortLongTermDebtTotal, last quarter) + Leases 248.0m
Net Debt = -33.0m USD (calculated: Debt 2.98b - CCE 3.02b)
Enterprise Value = 27.6b USD (27.6b + Debt 2.98b - CCE 3.02b)
Interest Coverage Ratio = 15.55 (Ebit TTM 1.59b / Interest Expense TTM 102.0m)
EV/FCF = 17.13x (Enterprise Value 27.6b / FCF TTM 1.61b)
FCF Yield = 5.84% (FCF TTM 1.61b / Enterprise Value 27.6b)
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 = 2.76 (Enterprise Value 27.6b / Total Assets 9.97b)
Interest Expense / Debt = 3.42% (Interest Expense 102.0m / Debt 2.98b)
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 = 2.58 (Debt 2.98b / totalStockholderEquity, last quarter 1.16b)
Debt / EBITDA = -0.02 (Net Debt -33.0m / EBITDA 1.79b)
Debt / FCF = -0.02 (Net Debt -33.0m / 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 = 19.09% (NOPAT 1.22b / Invested Capital 6.41b)
WACC = 10.09% (E(27.6b)/V(30.6b) * Re(10.90%) + D(2.98b)/V(30.6b) * Rd(3.42%) * (1-Tc(0.23)))
Discount Rate = 10.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -79.57 | Cagr: -2.35%
[DCF] Terminal Value 72.54% ; FCFF base≈1.47b ; Y1≈1.69b ; Y5≈2.48b
[DCF] Fair Price = 144.9 (EV 28.6b - Net Debt -33.0m = Equity 28.6b / Shares 197.3m; r=10.09% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 88.81 | EPS CAGR: 11.08% | SUE: 0.67 | # QB: 0
Revenue Correlation: 88.72 | Revenue CAGR: 3.08% | SUE: 0.69 | # QB: 0
EPS current Quarter (2026-07-31): EPS=1.84 | Chg30d=-0.05% | Revisions=+0% | Analysts=15
[Analyst] Revisions Ratio: +0%