1.80%
5.48%
6.18%
-3.58%
40.41%
41.53%
129.29%

Company 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.

Market Data

Last Price 122.44
Change Percentage 1.80%
Open 122.06
Previous Close 120.28
Market Cap ( Millions) 24893
Volume 1174186
Year High 135.45
Year Low 83.8
M A 50 121.36
M A 200 120.44

Financial Ratios

FCF Yield 5.52%
Dividend Yield 1.68%
ROE 116.23%
Debt / Equity 252.24%
Net Debt / EBIDTA 44.81%
Price To Book 28.0
Price Earnings Ratio 21.7
Price To FCF 18.1
Price To sales 3.85
EV / EBITDA 14.9

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Hybrid Cloud

Expected Growth : 3.5 %

What the company do ?

NetApp's Hybrid Cloud is a flexible, scalable, and secure infrastructure that seamlessly integrates on-premises and cloud-based storage, computing, and data management.

Why we expect these perspectives ?

Hybrid Cloud from NetApp, Inc. growth driven by increasing demand for data management and storage across on-premises and cloud environments, fueled by digital transformation, cloud adoption, and need for data analytics and AI. Additionally, NetApp's strong partnerships with major cloud providers and its innovative solutions, such as Cloud Volumes and Cloud Data Services, contribute to its 3.5% growth.

Segment nΒ°2 -> Public Cloud

Expected Growth : 4.5 %

What the company do ?

NetApp Cloud Services is a public cloud that provides a suite of cloud-based data services for data storage, management, and protection.

Why we expect these perspectives ?

NetApp's Public Cloud growth is driven by increasing adoption of hybrid multi-cloud strategies, expansion of cloud-based data management and protection services, and growing demand for cloud-native applications and analytics. Additionally, NetApp's partnerships with major cloud providers, such as AWS, Azure, and Google Cloud, and its innovative cloud-based solutions, like Cloud Volumes and Cloud Sync, contribute to its 4.5% growth.

Netapp, Inc. Products

Product Range What is it ?
All-Flash FAS (AFF) Systems High-performance, all-flash storage systems designed for demanding workloads
FAS Hybrid Flash Systems Hybrid storage systems that combine flash and disk storage for balanced performance and capacity
EF-Series All-Flash Arrays High-performance, all-flash storage arrays designed for low latency and high throughput
E-Series Storage Systems High-capacity, high-performance storage systems for data centers and cloud infrastructure
NetApp HCI (Hyper Converged Infrastructure) Hyper-converged infrastructure that combines compute, storage, and networking
NetApp ONTAP Data management software that provides data protection, efficiency, and scalability
NetApp Cloud Volumes Cloud-based storage service that provides scalable, on-demand storage
NetApp Cloud Sync Cloud-based data synchronization service that enables data mobility
NetApp Kubernetes Service (NKS) Cloud-based Kubernetes service that provides automated deployment and management

NetApp, Inc.'s Porter Forces

NetApp's products and services are highly specialized, making it difficult for substitutes to emerge. However, the increasing adoption of cloud-based storage solutions poses a moderate threat.

NetApp's customers are largely enterprises and organizations, which have limited bargaining power due to their dependence on NetApp's products and services.

NetApp has a diversified supplier base, which reduces the bargaining power of individual suppliers. Additionally, NetApp's strong brand and market position give it negotiating power over its suppliers.

The data storage industry has high barriers to entry, including significant R&D investments and established relationships with customers and partners. This makes it difficult for new entrants to compete with NetApp.

The data storage industry is highly competitive, with established players like Dell EMC, Hewlett Packard Enterprise, and IBM. NetApp faces intense competition in terms of product offerings, pricing, and innovation.

Capital Structure

Value
Debt Weight 67.76%
Debt Cost 8.20%
Equity Weight 32.24%
Equity Cost 10.22%
WACC 8.85%
Leverage 210.18%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
HPQ HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three …
ANET Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating …
DELL Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions …
WDC Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It …
SMCI Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
122.44$
Current Price
122.44$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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