NTAP
NetApp
$158.31
▼ 0.9%Updated Today 7:15 PM ET
▲ Up 55.4% over the last 12 months
Market Cap
$31.29B
P/E
24.01x
Forward P/E (est.)
21.46x
ROE
114.2%
Revenue Growth
5.4%
EPS Growth
11.9%
Profit Margin
18.4%
FCF Yield
4.2%
Debt / Equity
1.84x
ROIC
34.0%
Interest Coverage
26.16x
Current Ratio
1.44x
Dividend Yield
1.3%
Implied Growth (rev. DCF)
2.9%
Rating Score
57/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what NTAP's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. NTAP trades near $158.31, above its 50-day average ($129.04) and 200-day average ($114.57). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 58 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. NTAP's is $10.89 (~6.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month NTAP found buyers near $118.65 (support) and sellers near $192.83 (resistance); its 52-week range is $93.69–$192.83. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.5× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
NetApp (NTAP) is a large-cap company in the Technology Hardware, Storage & Peripherals industry, part of the Information Technology sector of the S&P 500, with a market value around $31.29B.
In its latest reported year it generated about $6.92B in revenue and $1.28B in net profit.
Our model rates NTAP Neutral (57/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
2.3%
Revenue moved from $6.32B in 2022 to $6.92B in 2026, a 2.3% compound annual growth rate. The most recent year grew a steady 5.4% year over year. Slower, mature growth is common for established businesses.
Gross Margin
70.7%
Operating Margin
24.2%
Net Margin
18.4%
ROE
114.2%
NetApp keeps about 18.4% of each sales dollar as net profit, with a 70.7% gross margin and 24.2% operating margin. Return on equity is 114.2% and return on invested capital about 34.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$2.49B
Net Debt
$417.00M
Net Debt / EBITDA
0.25x
Debt / Equity
1.84x
Leverage: debt-to-equity is 1.8x, and operating profit covers interest about 26.2x, with a current ratio of 1.4x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $2.49B of total debt against $2.07B of cash.
Operating CF
$2.07B
Free Cash Flow
$1.87B
FCF Margin
27.0%
In the latest year NetApp produced about $2.07B of operating cash flow and $1.87B of free cash flow after capital spending. That is a free-cash-flow yield of about 4.2% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
24.01x
P/S
4.47x
P/B
15.73x
EV / EBITDA
17.28x
NTAP trades at 24.0x trailing earnings (about 21.5x on estimated forward earnings), 4.5x sales, and 15.7x book value. Reverse-engineering today's price implies the market expects roughly 2.9% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How NTAP stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.
In the Information Technology sector (72 S&P 500 companies), NTAP ranks #42 of 72 by our overall rating. It trades at a discount versus the sector on earnings (24x P/E vs. 35.6x median) with a higher return on equity (114.2% vs. 25.6%) and slower revenue growth (5.4% vs. 17.4%).
P/E vs sector
24x
median 35.6x
ROE vs sector
114.2%
median 25.6%
Growth vs sector
5.4%
median 17.4%
Sector rank
#42
of 72 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Information Technology companies by sub-industry and size. Sector median is across all 72 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$113.68 – $194.88
vs. $158.31 today · expected CAGR -6% – 4%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $7.27B | $7.63B | $8.02B | $8.42B | $8.84B |
| Net income | $1.31B | $1.37B | $1.44B | $1.52B | $1.59B |
| EPS | $6.68 | $7.01 | $7.37 | $7.73 | $8.12 |
| Share price (low) | $93.53 | $98.20 | $103.11 | $108.27 | $113.68 |
| Share price (high) | $160.33 | $168.35 | $176.76 | $185.60 | $194.88 |
| CAGR (low–high) | -41% / 1% | -21% / 3% | -13% / 4% | -9% / 4% | -6% / 4% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for NTAP:
- High net margins (18.4%) point to pricing power or efficiency.
- Strong return on equity (114.2%) shows capital is put to work well.
- Healthy free-cash-flow yield (~4.2%) funds buybacks and dividends.
The case against NTAP:
- Elevated leverage (debt/equity 1.8x) adds financial risk.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Balance-sheet risk — debt/equity of 1.8x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: NetApp is a large-cap information technology business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 24.0x earnings, which our model scores Neutral (57/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.