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NetApp Inc (NTAP)
:NTAP
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NTAP Stock Chart & Stats
Day’s Range― - ―
52-Week Range$83.80 - $135.45
Previous CloseN/A
Volume224.21K
Average Volume (3M)1.60M
Market Cap
$24.39B
Enterprise Value$25.10B
Total Cash (Recent Filing)$4.92B
Total Debt (Recent Filing)$744.00M
Price to Earnings (P/E)21.9
Beta1.23
Next Earnings
Feb 27, 2025EPS Estimate
1.9Last Dividend Ex-Date
Jan 03, 2025Dividend Yield1.71%
Share Statistics
EPS (TTM)5.45
Shares Outstanding203,306,430
10 Day Avg. Volume1,332,933
30 Day Avg. Volume1,599,009
Standard Deviation0.09
R-Squared0.51
Alpha0.00261
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.75
Price to Cash Flow (P/CF)57.80
P/FCF Ratio101.10
Enterprise Value/Market Cap1.03
Enterprise Value/Revenue3.88
Enterprise Value/Gross Profit5.66
Enterprise Value/Ebitda14.71
Forecast
1Y Price Target
$139.08Price Target Upside15.92% Upside
Rating ConsensusHold
Number of Analyst Covering14
NetApp News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceNetApp's All-Flash revenue grew by 19% year-over-year, becoming a significant part of the Hybrid Cloud segment.
Market PositionNetApp is a leading provider of data storage solutions, with the ability to continue gaining share in All-Flash-Arrays solutions from competitors such as Dell and HP Enterprise.
Product InnovationNetApp's recent product cycle tailwinds and innovation in C-series products and Block storage are expected to drive further growth.
Bears Say
Financial PerformanceNetApp is trading close to its 10-year high valuation, leading the analyst to consider NTAP fairly valued.
Market RisksGrowth has faltered within NetApp's Public Cloud revenue, despite its early mover advantage.
Operational RisksConcerns remain around the sustainability of product gross margin levels once NAND purchases are exhausted.
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Ownership Overview
0.38% Insiders
29.10% Mutual Funds
0.66% Other Institutional Investors
41.79% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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NTAP FAQ
What was NetApp Inc’s price range in the past 12 months?
NetApp Inc lowest stock price was $83.80 and its highest was $135.45 in the past 12 months.
What is NetApp Inc’s market cap?
NetApp Inc’s market cap is $24.39B.
When is NetApp Inc’s upcoming earnings report date?
NetApp Inc’s upcoming earnings report date is Feb 27, 2025 which is in 40 days.
How were NetApp Inc’s earnings last quarter?
NetApp Inc released its earnings results on Nov 21, 2024. The company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.784 by $0.086.
Is NetApp Inc overvalued?
According to Wall Street analysts NetApp Inc’s price is currently Undervalued.
Does NetApp Inc pay dividends?
NetApp Inc pays a Quarterly dividend of $2.057 which represents an annual dividend yield of 1.71%. See more information on NetApp Inc dividends here
What is NetApp Inc’s EPS estimate?
NetApp Inc’s EPS estimate is 1.9.
How many shares outstanding does NetApp Inc have?
NetApp Inc has 203,306,430 shares outstanding.
What happened to NetApp Inc’s price movement after its last earnings report?
NetApp Inc reported an EPS of $1.87 in its last earnings report, beating expectations of $1.784. Following the earnings report the stock price went down -3.426%.
Which hedge fund is a major shareholder of NetApp Inc?
Among the largest hedge funds holding NetApp Inc’s share is PRIMECAP Management Co. It holds NetApp Inc’s shares valued at 2B.
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NetApp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$139.08 (15.92% Upside)
$139.08 (15.92% Upside)
Blogger Sentiment
Bullish
NTAP Sentiment 70%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 448.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 3.9%
Last 30 Days ▼ 3.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
42.03%
12-Months-Change
Fundamentals
Return on Equity
138.51%
Trailing 12-Months
Asset Growth
-0.76%
Trailing 12-Months
Company Description
NetApp Inc
NetApp, Inc. engages in the design, manufacture, marketing, and technical support of storage and data management solutions. It offers cloud data services, data storage software, data backup and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid flash storage. The company was founded by David Hitz, James K. Lau and Michael Malcolm in April 1992 and is headquartered in Sunnyvale, CA.
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NTAP Company Deck
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NTAP Earnings Call
Q2 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant growth in key areas like all-flash storage and cloud services. Despite some challenges, such as lower free cash flow due to strategic inventory purchases and a sequential decrease in RPO, the company's overall performance and strategic initiatives are positioned well for continued success.Read More>---
NTAP Net revenue Breakdown
90.25% Hybrid Cloud
9.75% Public Cloud
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NTAP Stock 12 Month Forecast
Average Price Target
$139.08
▲(15.92% Upside)
Technical Analysis
Western Digital
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Seagate Tech
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Hewlett Packard Enterprise
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Nutanix
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Pure Storage
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Dell Technologies
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Best Analysts Covering NTAP
1 Year
1 Year Success Rate
17/29 ratings generated profit
1 Year Average Return
+30.08%
reiterated a buy rating 7 months ago
Copying Mehdi Hosseini's trades and holding each position for 1 Year would result in 58.62% of your transactions generating a profit, with an average return of +30.08% per trade.
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