OverviewSuggest Edit

NetApp is a company providing hybrid cloud data services. It offers cloud storage, data services, cloud controls, and cloud analytics enabling organizations to manage, secure, and protect data from on-premises to public and hybrid clouds. The company also provides hybrid cloud infrastructure, flash storage, data infrastructure management, data storage software and systems, and other products and solutions.
TypePublic
Founded1992
HQSunnyvale, US
Websitenetapp.com
Employee Ratings3.9
Culture scoreB

Latest Updates

Employees (est.) (Apr 2019)10,500(+2%)
Job Openings209
Revenue (FY, 2019)$6.1 B(+4%)
Share Price (May 2020)$42.4 (+2%)

Key People/Management at NetApp

George Kurian

George Kurian

Chief Executive Officer and President
Atish Gude

Atish Gude

Senior Vice President and Chief Strategy Officer
Debra McCowan

Debra McCowan

Senior Vice President and Chief Human Resources Officer
Matthew Fawcett

Matthew Fawcett

Senior Vice President, General Counsel, and Secretary
Biren Fondekar

Biren Fondekar

Chief Transformation Officer
Henri Richard

Henri Richard

Executive Vice President, Worldwide Field and Customer Operations
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NetApp Office Locations

NetApp has offices in Sunnyvale, Boulder, Cranberry Township, Durham and in 74 other locations
Sunnyvale, US (HQ)
1395 Crossman Ave
Boulder, US
1048 Pearl St #250
Cranberry Township, US
800 Cranberry Woods Dr #400
Durham, US
7301 Kit Creek Rd
Hillsboro, US
3825 NE Aloclek Dr
Miami, US
Sabadell Financial Center, 1111 Brickell Ave
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NetApp Financials and Metrics

NetApp Revenue

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View revenue for all periods
NetApp's revenue was reported to be $6.15 b in FY, 2019 which is a 4% increase from the previous period.
USD

Revenue (Q3, 2020)

1.4b

Gross profit (Q3, 2020)

941.0m

Gross profit margin (Q3, 2020), %

67%

Net income (Q3, 2020)

277.0m

EBIT (Q3, 2020)

268.0m

Market capitalization (15-May-2020)

9.4b

Closing stock price (15-May-2020)

42.4

Cash (24-Jan-2020)

2.7b

EV

7.8b
NetApp's current market capitalization is $9.4 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

5.5b5.5b5.9b6.1b

Revenue growth, %

(9%)0%7%4%

Cost of goods sold

2.2b2.1b2.2b2.2b

Gross profit

3.4b3.4b3.7b3.9b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

1.3b1.3b1.4b1.3b1.4b1.5b1.5b1.5b1.6b1.2b1.4b1.4b

Cost of goods sold

497.0m511.0m531.0m497.0m515.0m582.0m511.0m543.0m581.0m420.0m446.0m463.0m

Gross profit

797.0m829.0m855.0m824.0m900.0m941.0m963.0m974.0m982.0m816.0m925.0m941.0m

Gross profit Margin, %

62%62%62%62%64%62%65%64%63%66%67%67%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

2.9b2.4b2.9b2.3b

Accounts Receivable

813.0m731.0m1.0b1.2b

Inventories

98.0m163.0m126.0m131.0m

Current Assets

6.4b6.2b6.9b5.6b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

2.3b2.1b2.2b3.0b3.5b3.0b2.6b2.4b2.3b3.0b2.5b2.7b

Accounts Receivable

501.0m547.0m605.0m518.0m584.0m754.0m616.0m765.0m872.0m542.0m780.0m821.0m

Prepaid Expenses

276.0m

Inventories

81.0m97.0m125.0m143.0m108.0m98.0m97.0m86.0m100.0m116.0m111.0m113.0m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

229.0m509.0m76.0m1.2b

Depreciation and Amortization

279.0m226.0m198.0m197.0m

Inventories

49.0m(65.0m)37.0m(9.0m)

Accounts Payable

(53.0m)94.0m262.0m(57.0m)
USDY, 2020

EV/EBIT

29.2 x

EV/CFO

11.5 x

Financial Leverage

26.5 x
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NetApp Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Countries

50 50 45 45 47 43

Patent Applications

660 680 680 640

Patents (US)

1.58 k1.75 k1.90 k2.10 k
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NetApp Acquisitions / Subsidiaries

Company NameDateDeal Size
Talon StorageMarch 09, 2020
CognigoMay 28, 2019$70 m
StackPointCloudSeptember 18, 2018
GreenqloudAugust 17, 2017
PlexistorMay 29, 2017$20 m
SolidFireDecember 21, 2015$870 m
Riverbed Technology - SteelStoreOctober 27, 2014$80 m
ionGridFebruary 11, 2013
Cache IQNovember 14, 2012
EngenioMarch 09, 2011$480 m
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NetApp Revenue Breakdown

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NetApp revenue breakdown by geographic segment: 14.2% from APAC, 30.1% from EMEA and 55.7% from Americas

NetApp Online and Social Media Presence

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NetApp Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    B

    71/100

  • Compensation

    A+

    81/100

  • Diversity

    C+

    67/100

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NetApp News and Updates

NetApp Stock Has Recovered 20% So Far, But Another 40% Gain Cannot Be Ruled Out

Comparing the trend in NetApp’s (NASDAQ: NTAP) stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can potentially gain 40% to reach almost $60, once fears surrounding the coronavirus outbreak subside...

Iguazio teams up with NetApp to accelerate AI app deployment

Data science company Iguazio Systems Ltd. today announced it’s joining with data storage firm NetApp Inc. to help customers develop and deploy artificial intelligence-based applications on the latter’s ONTAP AI framework. Iguazio sells a “serverless” data platform-as-a-service product that creates …

Meet the cutting-edge companies that have made it to the Cohort 6 of NetApp Excellerator

“Startups will play a crucial role in the nation’s economic growth as we emerge from this pandemic. Despite the constraints, we have selected our cohort over online sessions and held introduction meetings virtually without any disruptions,” shared Madhurima Agarwal, leader, NetApp Excellerator,

Is NetApp Stock Oversold At $40?

After almost a 35% decline in NetApp’s stock since the beginning of this year, we believe that NetApp’s stock is likely oversold at the current price of $40 per share and it has a significant upside. The key is NetApp’s stock is still 30% lower than it was at the beginning of 2019 and over 23%...

Mike Berry Joins NetApp as Executive Vice President and Chief Financial Officer

SUNNYVALE, Calif.—March 2, 2020—NetApp® (NASDAQ: NTAP), the leader in cloud data services, today announced the appointment of Mike Berry as executive vice president and chief financial officer effective March 16. Berry joins NetApp from McAfee, LLC, where he was also executive vice president and chi…

NetApp takes a hit as cloud growth fails to offset on-premises equipment sales

NetApp Inc. missed analysts’ forecasts for third fiscal quarter 2020 revenue and earnings, sending its stock down more than 11% in after-hours trading. Growth of 146% in the company’s still-tiny cloud data services business failed to offset ongoing declines in its hardware business, leading to a 10…
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NetApp Blogs

Partners: Talk to Your Customers About Ransomware Now

If you haven’t talked to your customers about data security and ransomware attacks that can occur when employees work from home, now is the time. Businesses large and small are facing a host of new challenges because of COVID-19. Without much advance notice, many have been asked to work from home fo…

The New Stack Podcast: NetApp’s Internal DevOps Platform

Over the past two years Mohan Raj, IT senior manager has been part of an exciting NetApp IT initiative to build our DevOps platform that provides the cloud services, automation, and CI/CD release models that our application development teams need to build cloud native applications. They call the pla…

Stay Connected from Edge-to-Core-to-Cloud with NetApp HCI

For Christmas of 2018, my dad, whose technology proficiency can best be described as limited, gave me an Amazon Alexa for Christmas. And my world changed. What did I do before I had a smart home device? Alexa reminds me to take out the garbage on Sunday evenings, plays perfect party music, and has h…

Simple and Scalable Digital Pathology Analysis with AI on NetApp E-Series

Medical imaging has undergone remarkable changes in terms of technological innovations and market expansion. It has transformed from a simple visualization apparatus to an advanced analytics tool in a state-of-the-art system for disease diagnosis. In addition to its noninvasive nature, medical imagi…

How to Build a Work-from-Home Infrastructure That Performs

This year, we celebrate the 42nd anniversary of Douglas Adams’ great series The Hitchhiker’s Guide to the Galaxy, which boldly stated on the front cover “DON’T PANIC.” That‘s good advice as, collectively, we quickly evolve to work effectively against a backdrop of uncertainty.    We’re only 3 months…

NetApp IT Podcast: Embracing Automation to Build a Next-Generation Platform for DevOps and More

At the 2019 NetApp INSIGHT® conference in Las Vegas, Senior UNIX Systems Engineer David Fox sat down with Cloud Editor in Chief Steve Mudd to discuss how NetApp IT leverages NetApp® Trident, along with Red Hat Ansible and OpenShift technologies, to embrace automation and improve the efficiency of IT…
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NetApp Frequently Asked Questions

  • When was NetApp founded?

    NetApp was founded in 1992.

  • Who are NetApp key executives?

    NetApp's key executives are George Kurian, Atish Gude and Debra McCowan.

  • How many employees does NetApp have?

    NetApp has 10,500 employees.

  • What is NetApp revenue?

    Latest NetApp annual revenue is $6.1 b.

  • What is NetApp revenue per employee?

    Latest NetApp revenue per employee is $585.3 k.

  • Who are NetApp competitors?

    Competitors of NetApp include Dell Technologies, IBM and Nutanix.

  • Where is NetApp headquarters?

    NetApp headquarters is located at 1395 Crossman Ave, Sunnyvale.

  • Where are NetApp offices?

    NetApp has offices in Sunnyvale, Boulder, Cranberry Township, Durham and in 74 other locations.

  • How many offices does NetApp have?

    NetApp has 79 offices.