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NetApp (NTAP)
NASDAQ:NTAP
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NTAP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$83.62 - $135.45
Previous Close$121.95
Volume2.13M
Average Volume (3M)1.68M
Market Cap
$24.79B
Enterprise Value$24.56B
Total Cash (Recent Filing)$2.22B
Total Debt (Recent Filing)$1.99B
Price to Earnings (P/E)22.4
Beta1.27
Next Earnings
Feb 27, 2025EPS Estimate
$1.9Next Dividend Ex-Date
Jan 03, 2025Dividend Yield1.67%
Share Statistics
EPS (TTM)5.45
Shares Outstanding203,306,424
10 Day Avg. Volume1,816,149
30 Day Avg. Volume1,680,612
Standard Deviation0.09
R-Squared0.51
Alpha0.00293
Financial Highlights & Ratios
Price to Book (P/B)27.78
Price to Sales (P/S)3.83
Price to Cash Flow (P/CF)59.00
P/FCF Ratio103.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.79
Enterprise Value/Gross Profit5.54
Enterprise Value/Ebitda14.39
Forecast
1Y Price Target
$137.92Price Target Upside9.37% Upside
Rating ConsensusHold
Number of Analyst Covering14
NetApp News
Bulls Say, Bears Say
Bulls Say
Cloud And AI InnovationStrong growth in NetApp's first-party and marketplace cloud storage business drove sequential strength, with cloud storage up 40% year-over-year, and the company has the most complete vision in helping customers with AI.
Financial PerformanceNetApp reported solid results with a 6% year-over-year and 8% quarter-over-quarter revenue increase, with EPS surpassing guidance, indicating strong profit performance.
Market PositionNetApp's leadership in QLC technology is driving success as enterprise customers shift from disk storage to power-saving QLC capacity flash, contributing to significant market share gains.
Bears Say
Financial PerformanceOverall gross margin is expected to be flat or down due to commodity prices affecting the product business.
Investment OutlookBudgets still reserved for overall IT and AI spending on storage further from large commitments.
Market ConditionsConcerns remain around the sustainability of product gross margin levels once NAND purchases are exhausted.
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Ownership Overview
0.40% Insiders
28.43% Mutual Funds
22.43% Other Institutional Investors
20.29% 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 $83.62 and its highest was $135.45 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 68 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 $0.519 which represents an annual dividend yield of 1.67%. 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 203,306,430 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 down -3.426%.
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:
$137.92 (9.37% Upside)
$137.92 (9.37% Upside)
Blogger Sentiment
Bullish
NTAP Sentiment 90%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 448.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 2.4%
Last 30 Days ▲ 2.7%
Last 30 Days ▲ 2.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
38.77%
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
$137.92
▲(9.37% Upside)
Technical Analysis
Best Analysts Covering NTAP
1 Year
1 Year Success Rate
18/29 ratings generated profit
1 Year Average Return
+30.79%
reiterated a buy rating 6 months ago
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