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, CA, US
Websitenetapp.com
Employee Ratings4
Overall CultureB

Latest Updates

Employees (est.) (Apr 2020)10,800(+3%)
Job Openings456
Revenue (FY, 2020)$5.4 B(-11%)
Share Price (May 2021)$79.5(+8%)
Cybersecurity ratingBMore

Key People/Management at NetApp

George Kurian

George Kurian

Director, President & Chief Executive Officer
Matthew Fawcett

Matthew Fawcett

Senior Vice President, General Counsel & Secretary
Anthony Lye

Anthony Lye

Senior Vice President and General Manager, NetApp Cloud Data Services Business Unit
Atish S Gude

Atish S Gude

Senior Vice President and Chief Strategy Officer
Debra McCowan

Debra McCowan

Senior Vice President and Chief Human Resources Officer
James Whitemore

James Whitemore

Senior Vice President & Chief Marketing Officer
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NetApp Office Locations

NetApp has offices in Sunnyvale, Boulder, Cranberry Township, Durham and in 66 other locations
Sunnyvale, CA, US (HQ)
1395 Crossman Ave
Boulder, CO, US
1048 Pearl St #250
Cranberry Township, PA, US
800 Cranberry Woods Dr #400
Durham, NC, US
7301 Kit Creek Rd
Vienna, VA, US
1921 Gallows Rd #600
Waltham, MA, US
1601 Trapelo Rd #16
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NetApp Financials and Metrics

NetApp Revenue

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NetApp's revenue was reported to be $5.41 b in FY, 2020 which is a 11.9% decrease from the previous period.
USD

Revenue (Q3, 2021)

1.5b

Gross profit (Q3, 2021)

975.0m

Gross profit margin (Q3, 2021), %

66.3%

Net income (Q3, 2021)

182.0m

EBIT (Q3, 2021)

258.0m

Market capitalization (7-May-2021)

17.7b

Closing stock price (7-May-2021)

79.5

Cash (29-Jan-2021)

3.8b

EV

16.5b
NetApp's current market capitalization is $17.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

5.9b6.1b5.4b

Revenue growth, %

7%4%(12%)

Cost of goods sold

2.2b2.2b1.8b

Gross profit

3.7b3.9b3.6b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

1.5b1.5b1.6b1.2b1.4b1.4b1.3b1.4b1.5b

Cost of goods sold

511.0m543.0m581.0m420.0m446.0m463.0m431.0m483.0m495.0m

Gross profit

963.0m974.0m982.0m816.0m925.0m941.0m872.0m933.0m975.0m

Gross profit Margin, %

65%64%63%66%67%67%67%66%66%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

2.9b2.3b2.7b

Accounts Receivable

1.0b1.2b973.0m

Inventories

126.0m131.0m145.0m

Current Assets

6.9b5.6b4.3b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

2.6b2.4b2.3b3.0b2.5b2.7b3.6b3.5b3.8b

Accounts Receivable

616.0m765.0m872.0m542.0m780.0m821.0m604.0m796.0m799.0m

Inventories

97.0m86.0m100.0m116.0m111.0m113.0m136.0m116.0m106.0m

Current Assets

5.9b5.5b5.4b4.5b4.2b4.2b4.8b4.8b5.1b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

76.0m1.2b819.0m

Depreciation and Amortization

198.0m197.0m193.0m

Inventories

37.0m(9.0m)(14.0m)

Accounts Payable

262.0m(57.0m)(117.0m)
Quarterly
USDFY, 2018

EV/EBIT

14.9 x

EV/CFO

11.3 x

Revenue/Employee

573.9k

Debt/Equity

0.9 x

Debt/Assets

0.2 x

Financial Leverage

4.8 x

P/E Ratio

240.7
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NetApp Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Countries

50504545474343

Patent Applications

660680680640

Patents (US)

1.58 k1.75 k1.9 k2.1 k

Remaining Performance Obligations

$3.67 b$3.7 b
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NetApp Acquisitions / Subsidiaries

Company NameDateDeal Size
SpotJune 03, 2020
CloudJumperApril 29, 2020
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
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NetApp Revenue Breakdown

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NetApp revenue breakdown by business segment: 55.3% from Product, 19.1% from Software Maintenance and 25.6% from Hardware Maintenance and Other Services

NetApp revenue breakdown by geographic segment: 14.9% from APAC, 32.2% from EMEA and 52.9% from Americas

NetApp Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

NetApp Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

NetApp Online and Social Media Presence

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NetApp Company Culture

  • Overall Culture

    B

    72/100

  • CEO Rating

    A-

    75/100

  • Compensation

    A+

    82/100

  • Diversity

    B

    70/100

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NetApp News and Updates

Global Hyper Converged Infrastructure Market (2021 to 2025) - Featuring Nutanic, VMware, NetApp and Cisco

Dublin, May 06, 2021 (GLOBE NEWSWIRE) -- The "Global Hyper Converged Infrastructure (HCI): Size, Trends & Forecasts (2021-2025 Edition)" report has been added to ResearchAndMarkets.com's offering.

Rubrik And NetApp Extend Partnership, Deliver Enhanced Data Management And Cloud Capabilities

Rubrik, the Cloud Data Management Company, today announced it is extending its partnership with NetApp, a global cloud-led, data-centric software company, to offer closer product integration for their customers and partners.

Rubrik and NetApp Extend Partnership, Deliver Enhanced Data Management and Cloud Capabilities

Rubrik Cloud Data Management Platform to be on NetApp’s Global Price List;

NetApp Stock Could Drop To As Low As $65

NetApp stock is up around 25% since the beginning of 2020, and at the current price of $76 per share, we believe that NetApp stock has around 15% potential downside. Why is that? Our belief stems from the fact that NetApp stock is up nearly 1.3x since the end of 2018, and up more than 2x from its...

NetApp Moves Headquarters to New Silicon Valley Offices Designed for the Future of Work and the 'Next Normal'

NetApp® (NASDAQ: NTAP), a global cloud-led, data-centric software company, today announced plans to move its global headquarters to new San Jose, Calif. offices that are more optimized for its future hybrid work model and employee needs.

NetApp brings data portability to Kubernetes apps with Astra

Data storage giant NetApp Inc. is delivering on its vision of Kubernetes application portability with the launch of a new service in general availability today. The company is billing NetApp Astra as a fully managed, application-aware data management service for Kubernetes-based apps. It’s aimed at…
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NetApp Blogs

Implementing digital transformation collaboratively

Part one: Industry 4.0 and digital twins Industry 4.0—or the Fourth Industrial Revolution—involves harnessing technology to automate industry and manufacturing. An important concept in Industry 4.0 is the digital twin, which lets you build digital models of your assets, processes, or products.   For…

Robotic Process Automation in Healthcare

In many parts of the world, healthcare is an inefficient, top-heavy industry. In the United States, roughly 35% of the close to $4 trillion spent on healthcare goes to administration. Think about that: Around a trillion dollars is spent on healthcare administration in the United States every year. L…

Introducing Active IQ Unified Manager 9.9

Wow, it’s only May of 2021 and I’m happy to announce the release of NetApp® Active IQ® Unified Manager 9.9. You may be wondering how we’ve come up with a release so soon after the 9.8 release. The answer is that we’ve changed our release cadence from 1 year to 6 months to align with […] The post Int…

How pharma can harness the cloud to transform and accelerate therapeutic development

There’s no denying it—the world has changed over the last 18 months. For pharmaceutical companies, acceleration is the new normal. Companies are challenged to push discovery and development timelines to the limit while still adhering to GxP and other regulations and while retaining tight control on …

Cloud and hosting providers: Are you leveraging public cloud to your own benefit?

SHOUTING: Show me the opportunity. Show me the opportunity. Show me the opportunity. OK, you get the idea—anyway, I probably had you at Shouting. It’s here—managed public cloud. Don’t believe me? Let me show you the opportunity.   The managed cloud is one of largest growth areas of the managed infra…

A prescription for democratizing pharmaceutical data: Tear down those silos

Silos, silos everywhere. No, I’m not talking about grain silos. Or missile silos. Or even organizational silos. I’m talking about data silos. You know, those pockets of data that exist in an enterprise that only one group has access to and ownership of, and that most of the rest of the organization …
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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, Matthew Fawcett and Anthony Lye.

  • How many employees does NetApp have?

    NetApp has 10,800 employees.

  • What is NetApp revenue?

    Latest NetApp annual revenue is $5.4 b.

  • What is NetApp revenue per employee?

    Latest NetApp revenue per employee is $501.1 k.

  • Who are NetApp competitors?

    Competitors of NetApp include Teradata, Dell Technologies and IBM.

  • 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 66 other locations.

  • How many offices does NetApp have?

    NetApp has 71 offices.