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NetApp (NTAP)
NASDAQ:NTAP
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NTAP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$77.46 - $135.01
Previous Close$126.68
Volume5.66M
Average Volume (3M)1.61M
Market Cap
$25.94B
Enterprise Value$25.32B
Total Cash (Recent Filing)$3.02B
Total Debt (Recent Filing)$2.39B
Price to Earnings (P/E)23.3
Beta1.19
Next Earnings
Feb 27, 2025EPS Estimate
$1.9Last Dividend Ex-Date
Oct 04, 2024Dividend Yield1.65%
Share Statistics
EPS (TTM)5.45
Shares Outstanding204,782,689
10 Day Avg. Volume1,680,841
30 Day Avg. Volume1,613,367
Standard Deviation0.09
R-Squared0.51
Alpha0.00366
Financial Highlights & Ratios
Price to Book (P/B)27.19
Price to Sales (P/S)3.92
Price to Cash Flow (P/CF)18.40
P/FCF Ratio20.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.97
Enterprise Value/Gross Profit5.71
Enterprise Value/Ebitda15.09
Forecast
1Y Price Target
$136.62Price Target Upside11.67% Upside
Rating ConsensusHold
Number of Analyst Covering15
NetApp News
Bulls Say, Bears Say
Bulls Say
AI And Data BottlenecksNetApp's strategy is effectively addressing the data bottlenecks in AI projects, providing customers with a seamless experience and opening up potential upsell opportunities.
Cloud PartnershipsNetApp's cloud storage software partnerships with tech giants like Amazon, Microsoft, and Google significantly enhance its market presence and enable native cloud storage services in the world's largest public clouds.
Market Growth PotentialThe transition to QLC NAND from 10K HDDs is in its early stages, potentially offering substantial growth opportunities for NetApp over several years.
Bears Say
Executive ChangesThe announcement that Mike Berry, CFO, will be leaving in May 2025 introduces a bit of caution in the near term.
Financial PerformanceOverall gross margin is expected to be flat or down due to commodity prices affecting the product business.
Market EnvironmentA more muted macro environment is preventing meaningful topline outperformance and limiting follow-through on valuation.
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Ownership Overview
0.41% Insiders
28.93% Mutual Funds
22.24% Other Institutional Investors
20.46% 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’s price range in the past 12 months?
NetApp lowest stock price was $77.46 and its highest was $135.01 in the past 12 months.
What is NetApp’s market cap?
Currently, no data Available
When is NetApp’s upcoming earnings report date?
NetApp’s upcoming earnings report date is Feb 27, 2025 which is in 96 days.
How were NetApp’s earnings last quarter?
NetApp 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 overvalued?
According to Wall Street analysts NetApp’s price is currently Undervalued.
Does NetApp pay dividends?
NetApp pays a Quarterly dividend of $0.52 which represents an annual dividend yield of 1.65%. See more information on NetApp dividends here
What is NetApp’s EPS estimate?
NetApp’s EPS estimate is $1.9.
How many shares outstanding does NetApp have?
NetApp has 204,782,680 shares outstanding.
What happened to NetApp’s price movement after its last earnings report?
NetApp reported an EPS of $1.87 in its last earnings report, beating expectations of $1.784. Following the earnings report the stock price went same N/A.
Which hedge fund is a major shareholder of NetApp?
Among the largest hedge funds holding NetApp’s share is PRIMECAP Management Co. It holds NetApp’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:
$136.62 (11.67% Upside)
$136.62 (11.67% Upside)
Blogger Sentiment
Bullish
NTAP Sentiment 90%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 448.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▲ 0.2%
Last 30 Days ▼ 0.7%
Last 30 Days ▼ 0.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
66.70%
12-Months-Change
Fundamentals
Return on Equity
138.51%
Trailing 12-Months
Asset Growth
-0.76%
Trailing 12-Months
Company Description
NetApp
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
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NTAP Net revenue Breakdown
90.25% Hybrid Cloud
9.75% Public Cloud
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NTAP Stock 12 Month Forecast
Average Price Target
$136.62
▲(11.67% Upside)
Technical Analysis
Best Analysts Covering NTAP
1 Year
1 Year Success Rate
17/29 ratings generated profit
1 Year Average Return
+30.58%
reiterated a buy rating 5 months ago
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