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NetApp (NTAP)
NASDAQ:NTAP
Holding NTAP?
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NTAP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$76.41 - $135.01
Previous Close$121.93
Volume1.37M
Average Volume (3M)1.52M
Market Cap
$24.97B
Enterprise Value$24.35B
Total Cash (Recent Filing)$3.02B
Total Debt (Recent Filing)$2.39B
Price to Earnings (P/E)23.8
Beta1.17
Next Earnings
Nov 26, 2024EPS Estimate
$1.78Last Dividend Ex-Date
Oct 04, 2024Dividend Yield1.65%
Share Statistics
EPS (TTM)5.13
Shares Outstanding204,782,689
10 Day Avg. Volume1,558,505
30 Day Avg. Volume1,515,148
Standard Deviation0.09
R-Squared0.51
Alpha0.00366
Financial Highlights & Ratios
Price to Book (P/B)26.86
Price to Sales (P/S)3.98
Price to Cash Flow (P/CF)18.60
P/FCF Ratio21.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.82
Enterprise Value/Gross Profit5.49
Enterprise Value/Ebitda14.51
Forecast
1Y Price Target
$133.36Price Target Upside10.29% Upside
Rating ConsensusHold
Number of Analyst Covering12
NetApp News
PremiumCompany Announcements
NetApp Shareholders Back Equity Plan and Board ChangesBulls Say, Bears Say
Bulls Say
AI IntegrationNetApp is easing the journey for customers and meeting customers where they are.
Financial PerformanceNetApp returned approximately 170% of free cash flow to its shareholders with $400 million in buybacks and $107 million in dividends.
Market GrowthNetApp is gaining traction in the mid-range SAN market for the first time with optimized features and appropriate pricing.
Bears Say
CFO DepartureThe announcement that Mike Berry, CFO, will be leaving in May 2025 introduces a bit of caution in the near term.
IT Spending PressureManagement noted the macro environment continues to put pressure on IT spending, as customers are prioritizing strategic projects but not yet large scale data center refreshes.
Macroeconomic EnvironmentManagement highlighted continued budget challenges in the U.S. public sector combined with uncertain macro backdrop from high interest rates and geopolitical risks.
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Ownership Overview
0.41% Insiders
28.91% Mutual Funds
12.32% Other Institutional Investors
30.69% 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 $76.41 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 Nov 26, 2024 which is in 13 days.
How were NetApp’s earnings last quarter?
NetApp released its earnings results on Aug 28, 2024. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.454 by $0.106.
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 $1.78.
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 $1.56 in its last earnings report, beating expectations of $1.454. Following the earnings report the stock price went down -9.638%.
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:
$133.36 (10.29% Upside)
$133.36 (10.29% Upside)
Blogger Sentiment
Bullish
NTAP Sentiment 90%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 1.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 1.5%
Last 30 Days ▲ 1.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
61.05%
12-Months-Change
Fundamentals
Return on Equity
120.42%
Trailing 12-Months
Asset Growth
0.44%
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
Q1 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
$133.36
▲(10.29% Upside)
Technical Analysis
Best Analysts Covering NTAP
1 Year
1 Year Success Rate
17/29 ratings generated profit
1 Year Average Return
+30.63%
reiterated a buy rating 5 months ago
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