NTAP

Strong BuyPremium GrowerAI pick

NetApp, Inc. · Technology · United States · $42.3B cap · $548.5M/day traded

$222.08 +3.1% · close 26 Oct · scored 27 Oct

Premium Grower: Strong business with the market behind it, priced at a premium.

91
StockRank
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Quality
76
Value
38
Momentum
80

As of 27 Oct 2026, MoatMap's StockRank for NetApp, Inc. (NTAP) is 91/100, ranked against 24,000+ stocks in 35 markets (Quality 76, Value 38, Momentum 80, each scored against its sector).

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
30.4x
peers 32.6x
ROE
114.8%
peers 4.8%
D/E
1.7x
peers 0.3x
Dividend %
1.0%
trailing yield
AI CONVICTION THESIS

NetApp sells enterprise data storage and its ONTAP data management software, now embedded across AWS, Microsoft Azure, Google Cloud and VMware environments, which creates high switching costs for customers. As AI moves into production, companies need unified storage for their data, and NetApp is adding capability through the planned acquisition of PEAK:AIO's parallel file and metadata technology. Analysts raised forward earnings estimates by 10.7% over the past month, and the company generates strong free cash flow that funds a steady buyback.

ABOUT NETAPP, INC.

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NetApp, Inc. is a global cloud data services and data management company, providing solutions for storing, managing, protecting, and moving data across on-premises and hybrid cloud environments. Its competitive advantage stems from its unified data fabric vision, enabling seamless data management, and strong partnerships with major cloud providers. NetApp is a leading enterprise data management company, transitioning to a cloud-centric model while maintaining a strong on-premises business.

FINANCIAL SUMMARY (USD)

Year20222023202420252026CAGRTTM2027E2028EFwd CAGR
Revenue6.3B6.4B6.3B6.6B6.9B2.3%7.4B8.2B8.7B11.8%
EPS4.205.874.745.816.4111.1%7.097.898.8017.1%
Shares220.0M212.0M206.4M201.0M196.0M-10.9%196.4M———
Debt2.9B2.7B2.7B3.5B2.7B-1.8%2.5B———
Equity838.0M1.2B1.1B1.0B1.4B12.7%————
Op CF1.2B1.1B1.7B1.5B2.1B14.3%1.9B———
Inv CF-561.0M-1.4B-735.0M147.0M-595.0M—————
Fin CF-1.0B-1.5B-1.3B-828.0M-2.1B—————
Loading 1Y...
PRICE (1Y) · USD+16.9%
19020221522723915 Sep6 Oct26 Oct
SMA 50SMA 200

Price checkIn an uptrendExperimental

Above its 200-day average and 8% below its 52-week high.

SwingsBumpy

Swung more than 56% of stocks we rank over the past year (45% a year).

How this is worked out

StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.

The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.

In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
$222.08
RSI (14)
46.5
52-Week Range-7.8% from high
Low $92.72High $240.87

SCORE BREAKDOWN

Quality
76
ROIC
28.8%92.1
ROE
114.8%99.4
GP/Assets
48.6%88.0
Op. Margin
26.7%89.7
FCF/Assets
15.4%90.7
Piotroski
892.3
Int. Cover
17.8x56.3
D/E Ratio
1.69x5.5
Current Ratio
1.24x20.1
Value
38
P/E (TTM)
30.4x45.7
EV/EBITDA
19.7x43.1
P/FCF
25.7x51.1
P/B
28.2x2.4
P/S
5.7x28.5
Div Yield
1.0%42.3
Momentum
80
52W High %
92%91.4
RS 6M
99%96.5
SMA 50/200
1.38x96.1
EPS Rev 4W
+0.3%70.2
EPS Rev 12W
+13.4%85.9
EPS Improve
+57%43.4
Q Growth
61%59.8

FUNDAMENTALS

Market Cap
$42.3B
P/E (Forward)
19.3x
Gross Margin
70.6%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of NTAP are excluded.

TickerCompanyMkt CapStockRankSignal
NTAPNetApp, Inc.(you)$42.3B91Strong Buy
FFIVF5, Inc.$25.8B85Strong Buy
VRSNVeriSign, Inc.$26.9B83Strong Buy
NTNXNutanix, Inc.$19.1B89Strong Buy
TWLOTwilio Inc.$40.2B73Buy
TOSTToast, Inc.$18.9B88Strong Buy
XYZBlock, Inc.$45.9B73Buy
GENGen Digital Inc.$14.9B93Strong Buy
OKTAOkta, Inc.$37.2B69Buy
CPAYCorpay, Inc.$26.8B75Buy

Peer medians: ROE 4.8% · P/E 32.6x · Gross margin 52.2%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

NetApp, Inc. (NTAP): Stock Score Summary

NetApp, Inc. (NTAP) has a MoatMap StockRank of 91/100 based on Quality (76/100), Value (38/100), and Momentum (80/100) factor scores. The current signal is STRONG BUY. NetApp sells enterprise data storage and its ONTAP data management software, now embedded across AWS, Microsoft Azure, Google Cloud and VMware environments, which creates high switching costs for customers. As AI moves into production, companies need unified storage for their data, and NetApp is adding capability through the planned acquisition of PEAK:AIO's parallel file and metadata technology. Analysts raised forward earnings estimates by 10.7% over the past month, and the company generates strong free cash flow that funds a steady buyback.

NetApp, Inc. is a global cloud data services and data management company, providing solutions for storing, managing, protecting, and moving data across on-premises and hybrid cloud environments. Its competitive advantage stems from its unified data fabric vision, enabling seamless data management, and strong partnerships with major cloud providers. NetApp is a leading enterprise data management company, transitioning to a cloud-centric model while maintaining a strong on-premises business.

Key Financial Metrics

Price$222.08
Market Cap$42.3B
P/E (TTM)30.39
P/E (Forward)19.32
Price/Book28.25
Return on Equity114.8%
Return on Invested Capital28.8%
Debt/Equity1.69x
Gross Margin70.6%
Operating Margin26.7%
Revenue Growth29.9%
Dividend Yield1.0%
Free Cash Flow$1.6B

NetApp, Inc. operates in the Software - Infrastructure industry, part of the Technology sector (United States).

Frequently Asked Questions

What is NetApp, Inc.’s (NTAP) StockRank?
MoatMap’s StockRank for NetApp, Inc. (NTAP) is 91/100, with a Strong Buy signal. It is a composite of Quality (76), Value (38), and Momentum (80), each scored against its sector. The composite is then ranked across MoatMap’s universe of 24,000+ stocks.
Does NetApp, Inc. have an economic moat?
NetApp, Inc. (NTAP) has a Quality factor score of 76/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is NetApp, Inc. a buy, hold, or sell?
MoatMap’s current signal for NetApp, Inc. (NTAP) is Strong Buy, based on a StockRank of 91/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is NetApp, Inc. in?
NetApp, Inc. (NTAP) operates in the Technology sector, specifically the Software - Infrastructure industry (United States).