The YouTuber highlights NetApp's legitimate capital efficiency and successful software-defined pivot, which resulted in a win in the CROIC round. However, its significantly leveraged balance sheet (over 200% debt to equity) is a concern that investors need to consider.
“NetApp's scorecard hard win in capital efficiency is legitimate. That level of return on invested capital from a company executing a software-defined pivot is not a number you dismiss.” — ▶ 10:35