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NTAP US​

NetApp, Inc.(NTAP US)

$215.48+2.971.40%Ext:$216.36+0.880.41%(Market Closed · 23:47:23 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

NetApp, Inc. — Company Profile

NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California.

Sector
Industrials
Industry
Commercial Services & Supplies
Exchange
UQ
CEO
George Kurian
Headquarters
San Jose, CA, US
IPO Date
Nov 21, 1995
Employees
11,700
Website
www.netapp.com

Key Metrics

Price
$226.27
Market Cap
$44.40B
Revenue (TTM)
$6.92B
Net Income (TTM)
$1.28B
EPS (TTM)
6.43
P/E (TTM)
34.80
P/B (TTM)
32.87
Dividend Yield
119.34%
ROE (TTM)
94.45%
ROA (TTM)
11.88%
Operating Margin
24.48%
Beta
0.95

Dividends

Last Dividend
$0.52
Last Yield
1.19%

Summary

NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California.

Website
www.netapp.com
Location
San Jose, CA, US
Phone408 822 6000
Employees11,700
CEOGeorge Kurian
Sector
Industrials
Industry
Commercial Services & Supplies
IPO DateNov 21, 1995

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Latest Documents

SEC Filings(2.4K)

Expand
  • 4Statement of changes in beneficial ownership19 Oct
  • 4Statement of changes in beneficial ownership19 Oct
  • 4Statement of changes in beneficial ownership19 Oct
  • 4Statement of changes in beneficial ownership19 Oct
  • 4Statement of changes in beneficial ownership19 Oct
  • 4Statement of changes in beneficial ownership19 Oct
  • 4Statement of changes in beneficial ownership14 Oct
  • 144O'Callahan Elizabeth M13 Oct
  • 4Statement of changes in beneficial ownership6 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 144Palin Carrie2 Oct
  • 4Statement of changes in beneficial ownership1 Oct
  • 144HELD GERALD1 Oct
  • 144Kurian George1 Oct
  • 144Kurian George29 Sep
  • 4Statement of changes in beneficial ownership28 Sep
  • 144Kurian George24 Sep
  • 4Statement of changes in beneficial ownership23 Sep
  • 4Statement of changes in beneficial ownership23 Sep

News

  • NetApp vs. IBM: Which Enterprise Storage Stock is the Better Buy?22 Oct
  • NetApp (NTAP) Rises Higher Than Market: Key Facts20 Oct
  • ePlus Named NetApp North America Flash Partner of the Year20 Oct
  • NetApp, Inc. $NTAP Shares Sold by Counterpoint Mutual Funds LLC18 Oct
  • Here is What to Know Beyond Why NetApp, Inc. (NTAP) is a Trending Stock15 Oct
  • NetApp (NTAP) Registers a Bigger Fall Than the Market: Important Facts to Note14 Oct
  • A Look at NetApp Inc (NTAP) After 7.0% Decline -- GF Value $135.89 vs Price $222.2014 Oct
  • Dell, HPE and NetApp Stocks Slump After Downgrades on Worries About AI Spending14 Oct
  • NetApp Stocks Fall 6% as Barclays' Downgrade Meets a Cash-Flow Gap14 Oct
  • Here Are Wednesday’s Top Wall Street Analyst Research Calls: Albemarle, Alcoa, Brinker International, Dell Technologies, Garmin, Hewlett Packard Enterprise, Lockheed Martin, NetApp, Trane Technologies, and More14 Oct
  • Will NetApp's Strong Balance Sheet Support Its AI Expansion Strategy?13 Oct
  • Are Computer and Technology Stocks Lagging NetApp (NTAP) This Year?13 Oct
  • Arrow Electronics recognized as NetApp North America Distributor of the Year for 202613 Oct
  • NetApp (NASDAQ:NTAP) Reaches New 1-Year High – What’s Next?13 Oct
  • NetApp highlighted as Zacks Bull and NVR Bear of the Day9 Oct
  • The Importance Of Earnings Season8 Oct
  • NetApp (NTAP) Falls More Steeply Than Broader Market: What Investors Need to Know8 Oct
  • The Big 3: CEG, NTAP, CIEN8 Oct
  • NetApp Up 147% in the Past 6 Months: Time to Buy the Stock?8 Oct
  • 4 Dividend Stocks With October Payout Deadlines Right Around the Corner7 Oct

Mentions in Filings

  • … and continued progress in executing against our strategy remained solid. Beyond these financial accomplishments, in fiscal year 2026 we expanded strategic partnerships through new or enhanced agreements with AMD, Lenovo, <strong>NetApp</strong>, and NVIDIA. We also continued to enhance our cloud platform capabilities, including support for AI-related workloads and expanded support for external storage. In addition, we added approximately 3,080 new customer logos …
    Nutanix, Inc.NetApp, Inc.·ARS - Annual report to security holders·FY26·20 Oct
  • … ar, we expanded collaborations across cloud providers, hardware platforms, semiconductor leaders, and AI infrastructure partners. This included signing new or enhanced agreements with industry leaders such as AMD, Lenovo, <strong>NetApp</strong>, and NVIDIA. Our focus continues to remain on expanding the addressability of our solutions across a broad set of partner platforms where customers can standardize on Nutanix. Finally, our strategic partnership with Chro …
    Nutanix, Inc.NetApp, Inc.·DEF 14A - Definitive proxy statement·Q2 27·20 Oct
  • … ry but returned to Israel in 2024, a decision he attributes to the outbreak of the war. “Given everything that happened, I felt there was nowhere else to be,” he says. An alumnus of the IDF’s Unit 81, Faitelson worked at <strong>NetApp</strong> before founding Varonis. “From a young age, I felt that data wasn’t being sufficiently protected. We started with on-premises systems and began transitioning to the cloud about five years ago. Today, nearly all our revenu …
    VARONIS SYSTEMS INCNetApp, Inc.·DEFA14A - SOLICITING MATERIAL UNDER 240.14A-12·Q4 26·16 Oct
  • … and statistical methods to model complex systems. Prior to university, Mr. Lopez-Leon was a Research Intern at FIU Cyber-Physical Systems Security Lab in 2018 and served as a Core Storage Software Engineering Intern at <strong>NetApp, Inc.</strong> in 2019 and 2021. He was also a Teacher Assistant at CMU Computational Biology Department 2021. He has 5 years of experience building AI powered portfolio models. His research at 9 --- StockSnips involves use of AI …
    EA Series TrustNetApp, Inc.·485APOS - Post-effective amendment (open-end investment companies)·Q1 27·13 Oct
  • … ident and Chief Financial Officer from July 2020 to June 2021, as well as Chief Financial Officer at Diadexus, Inc. and Transcept Pharmaceuticals, Inc. Earlier in her career, she served in financial leadership roles at <strong>NetApp, Inc.</strong> (NASDAQ: NTAP), Exelixis, Inc. (NASDAQ: EXEL), Novartis AG (NYSE: NVS) and Chiron Corporation. Ms. Patterson has served as a director and chair of the audit committee of Kalaris Therapeutics, Inc. (NASDAQ: KLRS) since …
    Quince Therapeutics, Inc.NetApp, Inc.·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q4 26·9 Oct
  • … | | | | --- | --- | | ● | Cloud Software Companies: Partner with cloud infrastructure providers like Amazon, IBM, Microsoft, VMware, Digital Ocean, <strong>NetApp</strong>, etc., to ensure our wearables and the Naqi Hub platform have the scalability, reliability, and security needed for global deployment. | Channel Partner Program | | | | --- | --- | | ● | Industry Focus: Develop a channel partner program targeting industries where hands-free Human Machine Inte …
    Naqi Logix Inc.NetApp, Inc.·EX1U-1 UNDR AGMT - 1-U - CONTRACTOR AGREEMENT BETWEEN NAQI LOGIX INC. AND SANDEEP ARYA·Q2 27·22 Oct

Key Stats

Trading

Px/Chg 1D$226.27 / +5.22%
Avg Volume2.81M
Beta0.95
Mkt Cap44.40B
FD Mkt Cap36.50B

Float

Shrs Out/Float196.23M / 194.85M
Short Float0.08%
Days to Cover4.72
Stock Repurchased$950.00M

Current Valuation

EV45.06B
EV/EBITDA23.03
EV/Sales6.51
P/B32.87
P/S6.41
FCF Yield2.03%
ROE94.45%
ROA11.88%
Current Ratio1.44

Dividend

Cash$0.52
Yield119.34%
Yield (TTM)119.34%

Estimates

P/E34.80
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgAug '22Aug '23Aug '24Aug '25Oct '26
PRICE-BASED RATIOS
Price / Earnings46.7517.4812.9528.0865.32109.91
Price / Sales9.042.592.594.4212.8222.79
Price / Book Value22.4319.5514.2324.1621.3632.87
Price / Free Cash Flow27.5516.6319.0018.1034.7049.34
ENTERPRISE VALUE METRICS
Enterprise Value25,706.315,207.416,862.228,438.022,959.245,064.9
Enterprise Value / Sales9.202.412.654.5413.2623.13
Enterprise Value / EBITDA34.0511.1511.7617.9853.6475.74
Enterprise Value / EBIT38.6213.0214.8821.4361.2282.54

Financials

Full Financials
Millions USD5Yr CAGR (%)Apr '22Apr '23Apr '24Apr '25Apr '26
INCOME STATEMENT
Revenue2.3%6,318.06,362.06,268.06,572.06,925.0
Gross Income3.8%4,220.04,209.04,433.04,613.04,899.0
EBITDA9.1%1,364.01,434.01,582.01,690.01,929.0
EBIT10.3%1,168.01,133.01,327.01,447.01,729.0
Net Income8%937.01,274.0986.01,186.01,276.0
EPS (Diluted)11.7%4.095.794.635.676.36
BALANCE SHEET
Cash & ST Inv-3.5%4,134.03,070.03,252.03,846.03,584.0
Total Assets1.7%10,026.09,818.09,887.010,823.010,744.0
Total Liabilities55.3%9,188.08,659.08,741.09,783.09,393.0
Total Shareholder Equity12.7%838.01,159.01,146.01,040.01,351.0
CASH FLOW
Net Operating Cash Flow14.3%1,211.01,107.01,685.01,506.02,067.0
Cap Ex-3.3%-226.0-239.0-155.0-168.0-198.0
Free Cash Flow17.4%985.0868.01,530.01,338.01,869.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)214.70
Basic Shares196.23
Market Cap42,131.4
Diluted Shares199.00
Fully Diluted Shares Outstanding199.00
Fully Diluted Market Cap42,725.3
+Consolidated Debt2,733.0
−In-the-Money Convertible Debt—
+Capital Leases246.0
+Operating Leases—
−Cash & Equivalents-2,070.0
−Short-term Investments-1,514.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value42,794.4

Segment data

Revenue

by Products and services

  • Product46%
  • Support38%
  • Public Cloud Segment10%
  • Professional And Other Services6%

Revenue

by Geography

  • Americas51%
  • E M E A34%
  • Asia Pacific15%

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