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NetApp (NTAP)
NASDAQ:NTAP
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NTAP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$70.82 - $135.01
Previous Close$117.86
Volume1.22M
Average Volume (3M)1.80M
Market Cap
$24.14B
Enterprise Value$23.51B
Total Cash (Recent Filing)$3.02B
Total Debt (Recent Filing)$2.39B
Price to Earnings (P/E)23.0
Beta1.16
Next Earnings
Nov 26, 2024EPS Estimate
$1.78Next Dividend Ex-Date
Oct 04, 2024Dividend Yield1.72%
Share Statistics
EPS (TTM)5.13
Shares Outstanding204,782,689
10 Day Avg. Volume1,821,706
30 Day Avg. Volume1,803,341
Standard Deviation0.09
R-Squared0.50
Alpha0.00656
Financial Highlights & Ratios
Price to Book (P/B)25.96
Price to Sales (P/S)3.77
Price to Cash Flow (P/CF)17.60
P/FCF Ratio20.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.69
Enterprise Value/Gross Profit5.30
Enterprise Value/Ebitda18.31
Forecast
1Y Price Target
$133.36Price Target Upside12.03% Upside
Rating ConsensusHold
Number of Analyst Covering11
NetApp News
Bulls Say, Bears Say
Bulls Say
Market OpportunityNetApp's Gen AI Storage is expected to be a significant market opportunity, particularly in model training and Retrieval Augmented Generation.
Market PresenceNetApp's cloud storage software partnerships with Amazon (AWS), Microsoft (Azure), and Google (GCP) enhance its market presence.
Product GrowthHybrid cloud revenue grew 8% year-over-year and product revenue grew 13% year-over-year driven by strength in all-flash storage.
Bears Say
Management ChangesThe announcement that Mike Berry, CFO, will be leaving in May 2025 introduces a bit of caution in the near term.
Public Cloud SegmentOther Public Cloud revenue was down 12% year over year.
Revenue And Growth ExpectationsFurther multiple expansion is unlikely given current valuation and growth profile.
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Ownership Overview
6.59% Insiders
33.17% Mutual Funds
53.13% Other Institutional Investors
7.11% 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 $70.82 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 69 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 1.72%. 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 -9.635%.
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 (12.03% Upside)
$133.36 (12.03% Upside)
Blogger Sentiment
Bullish
NTAP Sentiment 87%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 1.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.9%
Last 30 Days ▲ 2.6%
Last 30 Days ▲ 2.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
54.89%
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
▲(12.03% Upside)
Technical Analysis
Best Analysts Covering NTAP
1 Year
1 Year Success Rate
18/30 ratings generated profit
1 Year Average Return
+30.48%
reiterated a buy rating 3 months ago
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