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NetApp, Inc. NTAP
Technology - Computer Hardware - NASDAQ - US
Watchlist
$ 102.69
-0.0584 %
$ 20.6 B
Market Cap
18.11
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one NTAP stock under the worst case scenario is HIDDEN Compared to the current market price of 103 USD, NetApp, Inc. is HIDDEN

NTAP Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one NTAP stock under the base case scenario is HIDDEN Compared to the current market price of 103 USD, NetApp, Inc. is HIDDEN

NTAP Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one NTAP stock under the best case scenario is HIDDEN Compared to the current market price of 103 USD, NetApp, Inc. is HIDDEN

NTAP Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart NTAP

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1M 5%
6M -14.0%
1Y -21%
3Y 66%
5Y 181%
All
$130.0$130.0$125.0$125.0$120.0$120.0$115.0$115.0$110.0$110.0$105.0$105.0$100.0$100.0$95.0$95.0$90.0$90.0$85.0$85.0$80.0$80.0$75.0$75.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
FINANCIALS
6.57 B REVENUE
4.85%
Growth Rates
1Year 4.85%
3Years 1.32%
5Years 3.96%
7Years 1.53%
10Years 0.71%
1.34 B OPERATING INCOME
10.13%
Growth Rates
1Year 10.13%
3Years 4.94%
5Years 7.19%
7Years 2.50%
10Years 6.44%
1.19 B NET INCOME
20.28%
Growth Rates
1Year 20.28%
3Years 8.17%
5Years 7.69%
7Years 48.07%
10Years 7.79%
1.51 B OPERATING CASH FLOW
-10.62%
Growth Rates
1Year -10.62%
3Years 7.54%
5Years 7.28%
7Years 0.27%
10Years 1.73%
147 M INVESTING CASH FLOW
120.00%
Growth Rates
1Year 120.00%
3Years 31.27%
5Years -35.02%
7Years 36.87%
10Years 8.02%
-828 M FINANCING CASH FLOW
38.39%
Growth Rates
1Year 38.39%
3Years 6.62%
5Years 15.83%
7Years 2.46%
10Years -2.06%
1.73 B REVENUE
5.55%
Growth Rates
1Year 4.85%
3Years 1.32%
5Years 3.96%
7Years 1.53%
10Years 0.71%
348 M OPERATING INCOME
-3.87%
Growth Rates
1Year 10.13%
3Years 4.94%
5Years 7.19%
7Years 2.50%
10Years 6.44%
340 M NET INCOME
13.71%
Growth Rates
1Year 20.28%
3Years 8.17%
5Years 7.69%
7Years 48.07%
10Years 7.79%
675 M OPERATING CASH FLOW
75.32%
Growth Rates
1Year -10.62%
3Years 7.54%
5Years 7.28%
7Years 0.27%
10Years 1.73%
-313 M INVESTING CASH FLOW
-490.57%
Growth Rates
1Year 120.00%
3Years 31.27%
5Years -35.02%
7Years 36.87%
10Years 8.02%
851 M FINANCING CASH FLOW
394.46%
Growth Rates
1Year 38.39%
3Years 6.62%
5Years 15.83%
7Years 2.46%
10Years -2.06%
Balance Sheet NetApp, Inc.
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Current Assets 5.85 B
Cash & Short-Term Investments 3.85 B
Receivables 1.25 B
Other Current Assets 759 M
Non-Current Assets 4.97 B
Long-Term Investments 92 M
PP&E 804 M
Other Non-Current Assets 4.08 B
35.54 %11.51 %7.01 %7.43 %37.66 %Total Assets$10.8b
Current Liabilities 4.66 B
Accounts Payable 511 M
Short-Term Debt 790 M
Other Current Liabilities 3.36 B
Non-Current Liabilities 5.12 B
Long-Term Debt 2.7 B
Other Non-Current Liabilities 2.42 B
5.22 %8.08 %34.36 %27.61 %24.74 %Total Liabilities$9.8b
EFFICIENCY
Earnings Waterfall NetApp, Inc.
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Revenue 6.57 B
Cost Of Revenue 1.96 B
Gross Profit 4.61 B
Operating Expenses 3.19 B
Operating Income 1.34 B
Other Expenses 151 M
Net Income 1.19 B
7b7b6b6b5b5b4b4b3b3b2b2b1b1b007b(2b)5b(3b)1b(151m)1bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
70.19% GROSS MARGIN
70.19%
Averages
1Year 70.19%
3Years 69.02%
5Years 68.06%
7Years 67.35%
10Years 65.62%
20.34% OPERATING MARGIN
20.34%
Averages
1Year 20.34%
3Years 18.57%
5Years 18.40%
7Years 18.47%
10Years 16.67%
18.05% NET MARGIN
18.05%
Averages
1Year 18.05%
3Years 17.93%
5Years 16.27%
7Years 16.50%
10Years 13.01%
114.04% ROE
114.04%
Averages
1Year 114.04%
3Years 103.33%
5Years 105.68%
7Years 139.15%
10Years 100.40%
10.96% ROA
10.96%
Averages
1Year 10.96%
3Years 11.30%
5Years 10.21%
7Years 10.76%
10Years 8.37%
16.49% ROIC
16.49%
Averages
1Year 16.49%
3Years 16.92%
5Years 15.88%
7Years 16.87%
10Years 12.99%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis NetApp, Inc.
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2b2b1b1b1b1b1b1b800m800m600m600m400m400m200m200m00201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 1.19 B
Depreciation & Amortization 243 M
Capital Expenditures -168 M
Stock-Based Compensation 386 M
Change in Working Capital 0
Others 0
Free Cash Flow 1.34 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets NetApp, Inc.
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Wall Street analysts predict an average 1-year price target for NTAP of $124 , with forecasts ranging from a low of $65 to a high of $150 .
NTAP Lowest Price Target Wall Street Target
65 USD -36.70%
NTAP Average Price Target Wall Street Target
124 USD 20.54%
NTAP Highest Price Target Wall Street Target
150 USD 46.07%
Price
Max Price Target
Min Price Target
Average Price Target
1501501401401301301201201101101001009090808070706060Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
0.58% DIVIDEND YIELD
0.52 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.5002.5002.0002.0001.5001.5001.0001.0000.5000.5000.0000.0000.1650.180.190.20.40.480.480.50.50.50.520.1650.180.190.20.40.480.480.50.50.50.520.180.190.20.40.480.480.50.50.50.520.520.180.690.190.740.20.780.41.200.481.760.481.920.51.960.52.000.52.000.522.041.562015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 11
6. Ownership
Insider Ownership NetApp, Inc.
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Sold
0-3 MONTHS
4.35 M USD 4
3-6 MONTHS
11.5 M USD 5
6-9 MONTHS
8.55 M USD 6
9-12 MONTHS
10.7 M USD 5
Bought
500 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Hybrid Cloud Storage Company Radar Report 2025 Featuring Cloudian, CTERA, Hammerspace, LucidLink, Nasuni, NetApp, Panzura, and Peer Software Businesses are increasingly adopting hybrid cloud storage solutions to manage growing enterprise data while supporting AI applications and sustainability goals. As the market emerges, the sector is expected to hit $100 billion in 2024, driven by the demand for unified cloud solutions offering scalability and high performance. Businesses are increasingly adopting hybrid cloud storage solutions to manage growing enterprise data while supporting AI applications and sustainability goals. As the market emerges, the sector is expected to hit $100 billion in 2024, driven by the demand for unified cloud solutions offering scalability and high performance. globenewswire.com - 1 week ago
Don't Overlook NetApp (NTAP) International Revenue Trends While Assessing the Stock Evaluate NetApp's (NTAP) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance. zacks.com - 1 week ago
NetApp: Great Buy At 14x P/E Amid Recovering Billings I'm rotating out of overvalued large-caps and into value plays like NetApp, which offers a rare bargain in today's market. NetApp has rebounded from sales execution issues, showing improved billings, margin expansion, and a strong FY26 guidance for growth and EPS. Secular data growth, high gross margins, and a rising ARR base position NetApp well for future gains despite industry competition. seekingalpha.com - 2 weeks ago
NetApp, Inc. (NTAP) is Attracting Investor Attention: Here is What You Should Know NetApp (NTAP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. zacks.com - 2 weeks ago
NetApp: Needs To Prove Its Capabilities Before Achieving Revenue Expansion NetApp operates in a high-growth industry but has shown only stable, moderate revenue growth, lagging behind the sector's momentum. The company boasts industry-leading profitability and high margins, yet hasn't translated increased debt into accelerated revenue growth. Valuation metrics suggest NTAP is fairly valued, with a DCF-based target price of $99.82, supporting a HOLD rating at current levels. seekingalpha.com - 2 weeks ago
NetApp's Q4 Earnings & Revenues Beat Estimates, Rise Y/Y, Stock Down NTAP fourth-quarter earnings & revenues top estimates and rise Y/Y. Shares fall 4.8% on cautious FY2026 outlook and weaker first-quarter guidance. zacks.com - 3 weeks ago
NetApp, Inc. (NTAP) Q4 2025 Earnings Call Transcript NetApp, Inc. (NASDAQ:NTAP ) Q4 2025 Results Conference Call May 29, 2025 5:30 PM ET Company Participants Kris Newton - VP, Investor Relations George Kurian - Chief Executive Officer Wissam Jabre - EVP and Chief Financial Officer Conference Call Participants Tim Long - Barclays Samik Chatterjee - JPMorgan Wamsi Mohan - Bank of America Meta Marshall - Morgan Stanley David Vogt - UBS Mike Cadiz - Citigroup Param Singh - Oppenheimer Krish Sankar - TD Cowen Mehdi Hosseini - SIG Steven Fox - Fox Advisors Jason Ader - William Blair Simon Leopold - Raymond James Ananda Baruah - Loop Capital Nehal Chokshi - Northland Capital Markets Lou Miscioscia - Daiwa Operator Good day, and welcome to the NetApp Fourth Quarter and Fiscal Year 2025 Earnings Call. All participants will be in a listen-only mode. seekingalpha.com - 3 weeks ago
NetApp (NTAP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates The headline numbers for NetApp (NTAP) give insight into how the company performed in the quarter ended April 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 3 weeks ago
NetApp (NTAP) Tops Q4 Earnings and Revenue Estimates NetApp (NTAP) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $1.80 per share a year ago. zacks.com - 3 weeks ago
NetApp Reports Record Results for Fourth Quarter and Fiscal Year 2025 SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today reported financial results for the fourth quarter and fiscal year 2025, which ended on April 25, 2025. “Fiscal Year 2025 marked many revenue and profitability records, driven by significant market share gains in all-flash storage and accelerating growth in our first party and marketplace storage services. During the year, we refreshed our entire systems portfolio, sharpened the focus of. businesswire.com - 3 weeks ago
Why NetApp (NTAP) is a Top Momentum Stock for the Long-Term Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. zacks.com - 3 weeks ago
NetApp to Participate in Upcoming Technology Conferences SAN JOSE, Calif.--(BUSINESS WIRE)--NetAppTM (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the Company will participate in fireside chats at the following conferences: BofA Global Technology Conference George Kurian, CEO June 3, 2025 Presentation time: 2:40 – 3:10 p.m. Pacific Time Baird 2025 Global Consumer, Technology & Services Conference Kris Newton, VP, Investor Relations June 4, 2025 Presentation time: 3:10 – 3:40 p.m. Eastern Time Nasdaq Cesar Cernuda, P. businesswire.com - 3 weeks ago
8. Profile Summary

NetApp, Inc. NTAP

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COUNTRY US
INDUSTRY Computer Hardware
MARKET CAP $ 20.6 B
Dividend Yield 0.58%
Description 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.
Contact 3060 Olsen Drive, San Jose, CA, 95128 https://www.netapp.com
IPO Date Nov. 21, 1995
Employees 11800
Officers Mr. Daniel De Lorenzo Vice President, Controller & Chief Accounting Officer Mr. Wissam G. Jabre C.F.A. Executive Vice President & Chief Financial Officer Ms. Kris Newton Vice President of Corporate Communications & Investor Relations Ms. Gabrielle Boko Chief Marketing Officer Ms. Elizabeth M. O'Callahan J.D. EVice President, Chief Administrative Officer & Corporate Secretary Mr. Octavian Tanase Senior Vice President of Engineering - Hybrid Cloud Group Mr. Gus Shahin Executive Vice President of Business Technology & Operations Mr. George Kurian Chief Executive Officer & Director Mr. Cesar Cernuda Rego President Mr. Harvinder S. Bhela Executive Vice President & Chief Product Officer