For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in NetApp (NTAP) ten years ago? It may not have been easy to hold on to NTAP for all that time, but if you did, how much would your investment be worth today?
NetApp's Business In-Depth
With that in mind, let's take a look at NetApp's main business drivers.
NetApp provides enterprise storage as well as data management software and hardware products and services. The San Jose, CA-based company assists enterprises in managing multiple clouds environments, adopting next-generation technologies like artificial intelligence (AI), Kubernetes, and contemporary databases, and navigating the complexity brought about by the quick development of data and cloud usage.
NetApp reported revenues of $6.59 billion, up 5% in fiscal 2026. The company derived 90% of revenues from the Hybrid Cloud segment and the remaining from the Public Cloud Segment.
Hybrid Cloud offers a portfolio of storage management and infrastructure solutions that assist customers to transforming their traditional data centers into modern data centers with the help of cloud. Under this segment, the company offers intelligent data management software which includes NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, and NetApp Astra, etc.
Customers using NetApp Fabric Attached Storage (FAS) Arrays benefit from a combination of capacity and performance when using either hybrid-flash or disc drive configurations. FAS systems are ideal for secondary storage targets for disaster recovery, backup, and tiering. The Hybrid Cloud also offers storage solution which includes NetApp All-Flash FAS (AFF A-Series), NetApp QLC-Flash FAS (AFF C-Series) and NetApp StorageGRID etc.
Public Cloud offers a portfolio of products delivered primarily as-a-service, along with associated support. This portfolio includes cloud storage and data services and cloud operations services.
The company’s cloud operations services included NetApp Cloud Insights, Spot by NetApp and Instaclustr platform. Its divested Spot by NetApp business in January 2025. Apart from these, NetApp also offers support, consulting and training services. The company markets and distributes products worldwide through a direct sales force, and an ecosystem of partners, including the leading cloud providers.
On a geographical basis, NetApp generated 51% of revenues in fiscal 2026 from the Americas (the United States, Canada and Latin America), 34% from Europe, the Middle East and Africa (EMEA), and the remaining 15% from Asia Pacific (APAC).
NetApp faces stiff competition from companies like HP, Dell, and IBM.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For NetApp, if you bought shares a decade ago, you're likely feeling really good about your investment today.
A $1000 investment made in August 2016 would be worth $7,205.27, or a gain of 620.53%, as of August 14, 2026, according to our calculations. This return excludes dividends but includes price appreciation.
Compare this to the S&P 500's rally of 257.09% and gold's return of 210.33% over the same time frame.
Analysts are forecasting more upside for NTAP too.
NetApp is benefiting from rising enterprise demand for modern all-flash storage and hybrid cloud data management as customers scale AI workloads. Fourth-quarter fiscal 2026 results showed continued growth in all-flash, Public Cloud services and Keystone, supported by deeper hyperscaler partnerships and a larger services backlog. For fiscal 2027, management expects revenue growth to accelerate, and plans to continue returning capital to shareholders, including returning up to all free cash flow, while also investing in AI-focused product refreshes. Public Cloud profitability remains high, but guidance embeds lower gross margin as memory and component costs rise and pricing actions flow through over time. Competition remains intense, and shifts in customer purchase timing can create volatility even with a healthy overall demand environment.
Over the past four weeks, shares have rallied 28.37%, and there have been 1 higher earnings estimate revisions in the past two months for fiscal 2026 compared to none lower. The consensus estimate has moved up as well.
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