Skip to Content

NetApp Inc - Stock Quote NTAP

Rating as of

Morningstar's NetApp Inc Stock Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Acceleration in Public Cloud Services, All Flash Arrays Drive Strength for NetApp; Maintain $60 FVE

Abhinav Davuluri, CFA Sector Strategist

Analyst Note

| Abhinav Davuluri, CFA |

No-moat NetApp reported third-quarter financial results aligned with our expectations. With our longer-term caution over NetApp's ability to capture market share within the competitive landscape and alternative hyperscale options, we maintain our $60 fair value estimate and view NetApp shares as overvalued. Despite near-term supply headwinds pressuring margins, we are optimistic that growth in public cloud services and all-flash arrays will offset this in future quarters as organizations undertaking digital transformations seek NetApp storage solutions.

Read Full Analysis

NetApp Inc's Company Profile

Business Description

NetApp is a leading provider of enterprise data management and storage solutions. The company's three operating business units are products, software maintenance, and hardware maintenance. NetApp transitioned from a data center storage firm to a company with software data management solutions for multicloud environments. The California-headquartered company sells globally and has approximately 10,000 employees.

Contact
1395 Crossman Avenue
Sunnyvale, CA, 94089
T +1 408 822-6000
Sector Technology
Industry Computer Hardware
Most Recent Earnings Jan 31, 2022
Fiscal Year End Apr 30, 2022
Stock Type Cyclical
Employees 11,000

NetApp Inc's Related Articles & News