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NTAP 
NetApp Inc (NTAP)
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Upturn Advisory Summary
01/14/2025: NTAP (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -10.93% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/14/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 23.72B USD | Price to earnings Ratio 21.45 | 1Y Target Price 138.88 |
Price to earnings Ratio 21.45 | 1Y Target Price 138.88 | ||
Volume (30-day avg) 1609042 | Beta 1.23 | 52 Weeks Range 82.35 - 134.84 | Updated Date 01/14/2025 |
52 Weeks Range 82.35 - 134.84 | Updated Date 01/14/2025 | ||
Dividends yield (FY) 1.64% | Basic EPS (TTM) 5.44 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 17.01% | Operating Margin (TTM) 19.47% |
Management Effectiveness
Return on Assets (TTM) 9.16% | Return on Equity (TTM) 120.42% |
Valuation
Trailing PE 21.45 | Forward PE 14.73 | Enterprise Value 23391974246 | Price to Sales(TTM) 3.72 |
Enterprise Value 23391974246 | Price to Sales(TTM) 3.72 | ||
Enterprise Value to Revenue 3.61 | Enterprise Value to EBITDA 13.46 | Shares Outstanding 203306000 | Shares Floating 203707580 |
Shares Outstanding 203306000 | Shares Floating 203707580 | ||
Percent Insiders 0.4 | Percent Institutions 93.91 |
AI Summary
NetApp Inc. - A Comprehensive Overview
Company Profile
History and Background:
- Founded in 1992 by David Hitz, James Lau and Michael Malcolm, initially named Network Appliance
- Pioneered the Network Attached Storage (NAS) technology, simplifying data storage and management
- Went public in 1995, currently listed on the NASDAQ (NTAP)
- Headquarters in Sunnyvale, California
- Over 11,000 employees worldwide
Core Business Areas:
- Data Storage & Management: Leading provider of hybrid and multi-cloud storage solutions, including all-flash arrays, software-defined storage, and cloud data services.
- Cloud Services: Offers solutions for cloud migration, data protection, and disaster recovery across major public clouds like AWS, Azure, and Google Cloud.
- Data Fabric Strategy: Aims to unify data management across on-premises, hybrid, and multi-cloud environments, simplifying data access and utilization.
Leadership & Corporate Structure:
- CEO: George Kurian (appointed in 2019)
- Board of Directors chaired by Michael Splinter (former CEO of Avnet)
- Operating in four geographic segments: Americas, EMEA, APJ, and Global Accounts.
Top Products & Market Share:
Products:
- FAS (Fabric-attached Storage): High-performance all-flash storage arrays
- AFF (All-Flash FAS): Enterprise-grade flash storage systems
- ONTAP Data Management Software: Software platform for storage services across on-premises and cloud
- Cloud Volumes Service: Cloud-based data management for AWS, Azure, and Google Cloud
- Active IQ: AI-based platform for proactive system and application performance monitoring.
Market Share:
- Holds a 5.7% share of the global external storage market (2022)
- Significant share in the high-performance flash storage segment
- Faces competition from Dell, HPE, IBM, Pure Storage, and others.
Total Addressable Market (TAM):
- Global data storage market estimated to reach $153.1 billion by 2027, growing at a CAGR of 10.4%
- Enterprise storage segment accounts for a major portion of this market, where NetApp competes with its solutions.
Financial Performance:
Recent Financials (FY23):
- Revenue: $5.64 billion
- Net Income: $643 million
- Earnings per Share (EPS): $2.45
- Strong cash flow with $914 million generated from operations.
Growth Trajectory:
- Revenue growth has been stable in recent years, with slight fluctuations.
- Focus on cloud services and data fabric strategy driving future growth.
- Expanding partnerships with leading cloud providers like Google and AWS.
Market Dynamics:
- Industry trends: Growing demand for cloud-based storage, data analytics, and AI-powered data management.
- Competitive landscape: Intense competition with established players and agile startups offering innovative solutions.
- NetApp's focus on hybrid and multi-cloud strategy positions it well to cater to this evolving market.
Competitors:
- Dell Technologies (DELL) - Market leader in external storage systems.
- HPE (HPE) - Strong presence in enterprise storage and data management software.
- Pure Storage (PSTG) - Leading competitor in all-flash storage arrays.
- IBM (IBM) - Offers a broad portfolio of storage solutions and cloud services.
Recent Acquisitions (2020-2023):
- Spot (2020): A cloud cost optimization platform, helping NetApp expand its cloud solutions and address rising cloud expenses.
- Data Mechanics (2021): A data analytics company, enhancing NetApp's data fabric strategy and AI-driven data management capabilities.
- CloudCheckr (2023): A cloud management and cost optimization platform, further strengthening NetApp's cloud offerings and cost control solutions.
AI-Based Fundamental Rating:
Rating: 7.5
Justification:
- Strong financial performance with healthy cash flow and stable revenue growth.
- Leading position in the high-performance storage segment and strong market share.
- Strategic investments in cloud services and data fabric initiatives position NetApp for future growth.
- Intense competition and market dynamics present challenges that require continued innovation and adaptation.
Sources & Disclaimers:
This overview utilizes information from the following sources:
- NetApp Investor Relations Website
- NASDAQ Stock Page for NTAP
- Gartner Market Share Reports
- Bloomberg & Reuters Financial News
- Company Press Releases & News Articles
This information is intended for informational purposes only and should not be considered investment advice. It is essential to conduct your own research and consult with a financial advisor before making any investment decisions.
This overview provides a comprehensive understanding of NetApp Inc.'s current market position, growth potential, and challenges. While the AI-based rating offers insight, it's crucial to consider all factors and conduct further research before making any investment decisions.
About NVIDIA Corporation
Exchange NASDAQ | Headquaters San Jose, CA, United States | ||
IPO Launch date 1995-11-21 | CEO & Director Mr. George Kurian | ||
Sector Technology | Industry Computer Hardware | Full time employees 11800 | Website https://www.netapp.com |
Full time employees 11800 | Website https://www.netapp.com | ||
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 in two segments, Hybrid Cloud and Public Could. The company offers data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Astra; and storage infrastructure solutions, including NetApp All-Flash FAS, NetApp All-Flash FAS with capacity flash, NetApp All-Flash SAN Array, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp BlueXP, BlueXP Sync, BlueXP Tiering, NetApp Backup, BlueXP Compliance, and BlueXP Cache; and cloud operations services consist of NetApp Cloud Insights, Spot by NetApp, and Instaclustr. In addition, the company offers professional and support services, such as storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, and migration services. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
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