NetApp, Inc.

Valuation Analysis

About the Company

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

NetApp, Inc. Stock at a Glance

NetApp, Inc. (NTAP) is currently trading at $161.61 with a market capitalization of $31.7B. The trailing P/E ratio stands at 25.45x, with a forward P/E of 16.39x. The 52-week range spans from $93.69 to $192.83; the current price is 16.2% below the yearly high. Year-over-year revenue growth stands at +12.5%. The net profit margin stands at 18.43%.

💰 Dividend

NetApp, Inc. pays an annual dividend of $2.08 per share, representing a yield of 1.29%. The payout ratio stands at 32.76%.

📊 Analyst Rating

16 analysts rate NetApp, Inc. (NTAP) on consensus: Buy. The average price target is $171.75, implying +6.27% from the current price. Analyst price targets range from $117.00 to $200.00.

NetApp, Inc.: The Investment Case in Detail

NetApp, Inc. (NTAP) operates in the Technology — specifically Software - Infrastructure — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Revenue is growing at a healthy 12.5% pace year-over-year, suggesting the business model continues to find new customers and pricing power. With a gross margin near 70.74%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Return on equity of 106.73% places management among the most capital-efficient operators in the public market — every euro of shareholder capital is working hard.

The Bear Case

The debt-to-equity ratio of 202.29% is elevated, meaning the company relies heavily on creditors — refinancing terms will become more important than operational performance in the next economic downturn. Short interest sits at 12.68% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong.

What to Watch Next

• The forward P/E of 16.39x is meaningfully below the trailing 25.45x — analysts expect earnings to step up; the next earnings release is the test.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Risk Profile

The data points to market-like volatility, elevated short interest (12.68%), higher leverage relative to equity.

Trading Data

💵 Dividend Info

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