NetApp, Inc. (NTAP)
- Previous Close
100.14 - Open
99.84 - Bid 98.42 x 200
- Ask 98.63 x 300
- Day's Range
98.41 - 100.74 - 52 Week Range
60.92 - 112.48 - Volume
449,519 - Avg. Volume
1,876,895 - Market Cap (intraday)
20.338B - Beta (5Y Monthly) 1.27
- PE Ratio (TTM)
22.45 - EPS (TTM)
4.39 - Earnings Date May 30, 2024
- Forward Dividend & Yield 2.00 (2.00%)
- Ex-Dividend Date Apr 4, 2024
- 1y Target Est
105.48
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. In addition, it provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, and cloud operations services, such as NetApp Cloud Insights, Spot by NetApp, and Instaclustr. Further, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Additionally, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
www.netapp.comRecent News: NTAP
Performance Overview: NTAP
Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: NTAP
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Statistics: NTAP
Valuation Measures
Market Cap
20.66B
Enterprise Value
20.40B
Trailing P/E
22.81
Forward P/E
14.47
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
3.47
Price/Book (mrq)
20.79
Enterprise Value/Revenue
3.30
Enterprise Value/EBITDA
13.44
Financial Highlights
Profitability and Income Statement
Profit Margin
15.21%
Return on Assets (ttm)
8.02%
Return on Equity (ttm)
89.70%
Revenue (ttm)
6.18B
Net Income Avi to Common (ttm)
940M
Diluted EPS (ttm)
4.39
Balance Sheet and Cash Flow
Total Cash (mrq)
2.92B
Total Debt/Equity (mrq)
267.20%
Levered Free Cash Flow (ttm)
1.15B
Research Analysis: NTAP
Analyst Price Targets
Fair Value
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Research Reports: NTAP
Technical Assessment: Neutral in the Intermediate-Term
Was that a case of quarter-end buying by institutions? Over the last 50 minutes of the trading session on Wednesday, the S&P 500 (SPX) took off like a rocket, surging 30 points and finishing 0.9% higher on the day and at another all-time high. But the biggest winners on the day were small-caps, with the Russell 2000 (IWM) surging 2.2% and the S&P 600 (SML) spiking 2.4%. The IWM is breaking out of a more-than two-year base and closed at its highest level since December 2021.
Technical Assessment: Neutral in the Intermediate-Term
As if the stock market needed more help, now we have declining Treasury yields across the entire yield curve. Treasury yields fell consistently from October 19, 2023, until their most-recent bottom on December 27. That move certainly helped stocks rally off their October 27 low. Yields popped from 12/27/23 until 2/22/24 and stocks ignored the increase. Since their closing peaks of 4.33% a few weeks ago, both the 5- and 10-year yields have dropped to 4.1% while the 2-year has declined to 4.56% from 4.7%.
Market Digest: M, NTAP, NYT, BCE, RHHBY, BHF, UBER, ALC, VTRS
March 4, 2024 Monday Tee Up: Jobs, Powell, COST
Analyst Report: NetApp Inc
NetApp Inc. is a pure-play data storage company, providing enterprise network storage and data management solutions, including storage hardware, software and services. NetApp has a major converged-infrastructure partner in Cisco, and key data center partners, including Microsoft, Google, and AWS. In 2011, NetApp acquired big data hardware provider Engenio. In February 2016, it acquired all-flash array maker SolidFire.
RatingBullishPrice Target