$118.97
-7.7% vs S&P 12m
Business overview
Hybrid storage with a sizable cloud-attached business and ONTAP file services used in AI training pipelines.
AI training pipelines need fast, schema-flexible file storage; NetApp's hyperscaler-native ONTAP services are a quiet AI beneficiary.
Products
- ONTAP
- Cloud Volumes
- All-flash arrays
Customers (2)
- Enterprises
- Hyperscalers (white-label)
Competitors (2)
Composite score
Higher = stronger overall research case
Fundamental63
Technical59
Valuation77
AI relevance50
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 25
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: 8.8%6M RS: 0.0%12M RS: -7.7%Vol30d: 30%DD52w: -5.8%
Financial summary
Curated, illustrative
Revenue
$6.71B
Growth (YoY)
4.4%
Gross margin
70.5%
Operating margin
25.2%
FCF
$1.12B
Capex
$676.00M
Net cash / (debt)
$281.00M
ROIC
10.3%
Customer conc.
Medium
Valuation
Market cap
$23.56B
Enterprise value
$23.28B
P/E (TTM)
20.0x
Forward P/E
13.9x
EV / Sales
3.5x
EV / EBITDA
13.3x
P / FCF
21.1x
PEG
1.4x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 3Hybrid IT spend cyclicality
Score components
What drove the composite
Growth41
Profitability75
Cash generation64
Balance sheet80
Moat / AI relevance62
Capital intensity (higher = lighter)60
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)65
Momentum (3/6/12m)59
Relative strength47
Realized vol (higher = lower vol)66
Segment peers
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