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NetApp (NTAP)
NASDAQ:NTAP
NetApp (NTAP) Stock Price & Analysis
1,429 Followers
NTAP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$69.80 - $135.01
Previous Close$126.22
Volume1.22M
Average Volume (3M)2.10M
Market Cap
$25.98B
Enterprise Value$25.12B
Total Cash (Recent Filing)$3.25B
Total Debt (Recent Filing)$2.39B
Price to Earnings (P/E)27.3
Beta1.06
Next Earnings
Aug 28, 2024EPS Estimate
$1.45Last Dividend Ex-Date
Jul 05, 2024Dividend Yield1.59%
Share Statistics
EPS (TTM)4.65
Shares Outstanding205,801,761
10 Day Avg. Volume2,295,586
30 Day Avg. Volume2,102,940
Standard Deviation0.09
R-Squared0.49
Alpha0.00329
Financial Highlights & Ratios
Price to Book (P/B)-15.12
Price to Sales (P/S)15.75
Price to Cash Flow (P/CF)10.70
P/FCF Ratio11.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.01
Enterprise Value/Gross Profit5.67
Enterprise Value/Ebitda21.56
Forecast
1Y Price Target
$127.14Price Target Upside0.73% Upside
Rating ConsensusHold
Number of Analyst Covering14
NetApp News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceNetApp expects mid-to-upper single digit revenue growth on above-market growth and share gains.
Market PositionNetApp remains well-positioned to benefit from improving storage demand trends of shift to Flash with its AFF Series products, block-optimized and native cloud offerings, hyperscaler opportunity, and accelerating AI/unstructured data deployments.
Public CloudNetApp highlighted confidence in the drivers toward a 75%-80% Public Cloud gross margin.
Bears Say
Growth ExpectationsThe company is not expected to be particularly aggressive in three-year growth targets.
Macroeconomic FactorsMacro and intense competition remain near-term headwinds.
RevenueOther Public Cloud revenue was down 12% year over year.
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Ownership Overview
6.55% Insiders
32.50% Mutual Funds
28.03% Other Institutional Investors
32.92% 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 $69.80 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 Aug 28, 2024 which is in 39 days.
How were NetApp’s earnings last quarter?
NetApp released its earnings results on May 30, 2024. The company reported $1.8 earnings per share for the quarter, beating the consensus estimate of $1.788 by $0.012.
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 1.59%. See more information on NetApp dividends here
What is NetApp’s EPS estimate?
NetApp’s EPS estimate is $1.45.
How many shares outstanding does NetApp have?
NetApp has 205,801,760 shares outstanding.
What happened to NetApp’s price movement after its last earnings report?
NetApp reported an EPS of $1.8 in its last earnings report, beating expectations of $1.788. Following the earnings report the stock price went up 3.378%.
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:
$127.14 (0.73% Upside)
$127.14 (0.73% Upside)
Blogger Sentiment
Bullish
NTAP Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 248.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.3%
Last 30 Days ▲ 18.5%
Last 30 Days ▲ 18.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
62.55%
12-Months-Change
Fundamentals
Return on Equity
85.55%
Trailing 12-Months
Asset Growth
0.70%
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
Q4 2024
0:00 / 0:00
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NTAP Net revenue Breakdown
90.96% Hybrid Cloud
9.04% Public Cloud
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NTAP Stock 12 Month Forecast
Average Price Target
$127.14
▲(0.73% Upside)
Technical Analysis
Best Analysts Covering NTAP
1 Year
1 Year Success Rate
21/32 ratings generated profit
1 Year Average Return
+30.90%
reiterated a buy rating last month
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