Market Summary
USD74.95+0.10
Market Closed0.13%
NTAP Stock Price
NTAP RSI Chart
NTAP Valuation
NTAP Price/Sales (Trailing)
NTAP Profitability
NTAP Fundamentals
NTAP Revenue
NTAP Earnings
Price Action
52 Week Range
58.0880.53
(Low)(High)
Last 7 days
-1.6%
Last 30 days
0.2%
Last 90 days
-0.5%
Trailing 12 Months
20.5%
NTAP Financial Health
NTAP Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for NTAP
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-12 | SHAHEEN GEORGE T | acquired | - | - | 3,450 | - |
2023-09-12 | HELD GERALD | sold | -442,269 | 78.5 | -5,634 | - |
2023-09-12 | HELD GERALD | acquired | - | - | 3,450 | - |
2023-09-12 | Schenkel Scott F. | acquired | - | - | 3,450 | - |
2023-09-12 | KERR DEBORAH | acquired | - | - | 3,450 | - |
2023-09-12 | Kurian George | sold | -352,661 | 78.3691 | -4,500 | chief executive officer |
2023-09-12 | Palin Carrie | acquired | - | - | 3,450 | - |
2023-09-12 | NEVENS THOMAS MICHAEL | acquired | - | - | 4,485 | - |
2023-09-11 | O'Callahan Elizabeth M | sold | -69,314 | 79.58 | -871 | evp, chief legal officer |
2023-09-06 | CERNUDA CESAR | sold | -1,747,570 | 79.4352 | -22,000 | president |
Which funds bought or sold NTAP recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | added | 2.22 | 605 | 3,539 | -% |
2023-09-20 | BARCLAYS PLC | added | 39.96 | 24,840,000 | 61,656,000 | 0.04% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -4.03 | 4,235 | 32,776 | 0.01% |
2023-08-30 | Narus Financial Partners, LLC | sold off | -100 | -407,724 | - | -% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | added | 5.41 | 167,651 | 809,152 | 0.18% |
2023-08-24 | Alberta Investment Management Corp | reduced | -74.2 | -684,203 | 305,600 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 4,882 | 29,720 | -% |
2023-08-23 | Rehmann Capital Advisory Group | added | 11.81 | 97,545 | 386,324 | 0.04% |
2023-08-22 | COMERICA BANK | new | - | 1,000 | 1,000 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | 1,000 | 8,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of NetApp
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital international investors | 5.7% | 12,240,689 | SC 13G/A | |
| Feb 09, 2023 | primecap management co/ca/ | 7.49% | 16,141,234 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 12.99% | 28,009,270 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.5% | 18,300,508 | SC 13G/A | |
| Feb 11, 2022 | capital international investors | 9.0% | 19,929,480 | SC 13G/A | |
| Feb 10, 2022 | primecap management co/ca/ | 8.22% | 18,267,904 | SC 13G/A | |
| Feb 07, 2022 | blackrock inc. | 8.3% | 18,496,160 | SC 13G/A | |
| Feb 16, 2021 | capital international investors | 12.2% | 27,258,405 | SC 13G/A | |
| Feb 12, 2021 | primecap management co/ca/ | 12.53% | 27,998,458 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 11.10% | 24,799,737 | SC 13G/A |
Recent SEC filings of NetApp
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 15, 2023 | 8-K | Current Report | |
| Sep 15, 2023 | S-8 | Employee Benefits Plan | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading |
NTAP Fair Value
Loading...
Peers (Alternatives to NetApp)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AAPL | 2.7T | 383.9B | -3.72% | 14.24% | 28.4 | 7.01 | -0.93% | -4.89% |
HPQ | 25.4B | 54.7B | -16.60% | 3.04% | 10.97 | 0.46 | -15.60% | -63.25% |
NTAP | 15.6B | 6.2B | 0.17% | 20.45% | 12.94 | 2.52 | -3.87% | 27.40% |
WDC | 14.3B | 12.3B | 12.10% | 36.64% | -8.36 | 1.16 | -34.45% | -213.73% |
STX | 13.2B | 7.4B | -1.55% | 14.50% | -24.86 | 1.78 | -36.68% | -132.08% |
| MID-CAP | ||||||||
SMCI | 13.2B | 7.1B | -1.87% | 377.87% | 20.6 | 1.85 | 37.09% | 124.43% |
PSTG | 10.2B | 2.8B | -6.37% | 28.36% | -12.3K | 3.71 | 8.89% | 94.22% |
JNPR | 8.7B | 5.7B | -1.99% | 5.97% | 21.24 | 1.54 | 15.00% | 5.32% |
NCR | 3.7B | 7.9B | -10.57% | 28.59% | 46.07 | 0.47 | 0.77% | -2.41% |
XRX | 2.5B | 7.2B | 2.19% | 16.75% | -9.9 | 0.35 | 3.04% | 60.93% |
| SMALL-CAP | ||||||||
DBD | 1.4B | 3.6B | -66.42% | 407.18% | -1.43 | 0.4 | -3.78% | -133.22% |
DDD | 570.3M | 514.4M | -28.38% | -44.43% | -4.7 | 1.11 | -11.31% | -153.49% |
QMCO | 57.6M | 407.5M | 4.65% | -48.81% | -1.5 | 0.14 | 7.00% | 0.29% |
OSS | 37.0M | 71.1M | -12.20% | -44.44% | -6.23 | 0.52 | 2.81% | -496.33% |
SCKT | 8.0M | 18.3M | -15.38% | -48.36% | -4.31 | 0.44 | -26.01% | -189.58% |
NetApp News
Returns for NTAP
Cumulative Returns on NTAP
8.2%
10-Year Cumulative Returns
14.0%
7-Year Cumulative Returns
-0.1%
5-Year Cumulative Returns
23.9%
3-Year Cumulative Returns
Risks for NTAP
What is the probability of a big loss on NTAP?
75.8%
Probability that NetApp stock will be more than 20% underwater in next one year
59.2%
Probability that NetApp stock will be more than 30% underwater in next one year.
29.6%
Probability that NetApp stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does NTAP drawdown profile look like?
Y-axis is the maximum loss one would have experienced if NetApp was unfortunately bought at previous high price.
Drawdowns
Financials for NetApp
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Revenue | -2.5% | 6,202 | 6,362 | 6,461 | 6,549 | 6,452 | 6,318 | 6,193 | 6,049 | 5,899 | 5,744 | 5,590 | 5,524 | 5,479 | 5,412 | 5,603 | 5,762 | 5,908 | 6,146 | 6,198 | 6,174 | 6,072 |
| Gross Profit | -1.2% | 4,159 | 4,209 | 4,223 | 4,295 | 4,267 | 4,220 | 4,166 | 4,068 | 3,942 | 3,815 | 3,721 | 3,687 | 3,679 | 3,623 | 3,708 | 3,749 | 3,798 | 3,945 | 3,948 | 3,922 | 3,848 |
| Operating Expenses | 0.8% | 3,218 | 3,191 | 3,221 | 3,144 | 3,104 | 3,063 | 2,847 | 2,812 | 2,798 | 2,784 | 2,868 | 2,824 | 2,702 | 2,678 | 2,670 | 2,668 | 2,727 | 2,724 | 2,785 | 2,580 | 2,576 |
| S&GA Expenses | 0.5% | 1,839 | 1,829 | 1,867 | 1,878 | 1,864 | 1,857 | 1,824 | 1,799 | 1,766 | 1,744 | 1,686 | 1,652 | 1,609 | 1,585 | 1,635 | 1,634 | 1,653 | 1,657 | 1,661 | 1,679 | 1,692 |
| R&D Expenses | 0.7% | 963 | 956 | 948 | 938 | 911 | 881 | 867 | 862 | 858 | 881 | 872 | 868 | 865 | 847 | 840 | 832 | 834 | 827 | 825 | 815 | 798 |
| EBITDA | -100.0% | - | 1,314 | 1,257 | 1,372 | 1,334 | 1,356 | 1,507 | 1,451 | 1,356 | 1,177 | 1,051 | 1,068 | 1,180 | 1,192 | 1,327 | 1,376 | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.21* | 0.19* | 0.21* | 0.21* | 0.21* | 0.24* | 0.24* | 0.23* | 0.20* | 0.19* | 0.19* | 0.22* | 0.22* | 0.24* | 0.24* | - | - | - | - | - |
| Interest Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 56.00 |
| Earnings Before Taxes | -7.9% | 982 | 1,066 | 1,024 | 1,153 | 1,128 | 1,095 | 1,259 | 1,200 | 1,095 | 962 | 776 | 805 | 929 | 944 | 1,078 | 1,121 | 1,115 | 1,268 | 1,212 | 1,397 | 1,326 |
| EBT Margin | -100.0% | - | 0.17* | 0.16* | 0.18* | 0.17* | 0.17* | 0.20* | 0.20* | 0.19* | 0.17* | 0.14* | 0.15* | 0.17* | 0.17* | 0.19* | 0.19* | - | - | - | - | - |
| Net Income | -5.1% | 1,209 | 1,274 | 1,288 | 1,475 | 949 | 937 | 1,012 | 942 | 855 | 730 | 592 | 687 | 793 | 819 | 1,019 | 991 | 989 | 1,169 | 1,063 | 335 | 268 |
| Net Income Margin | -100.0% | - | 0.20* | 0.20* | 0.23* | 0.15* | 0.15* | 0.16* | 0.16* | 0.14* | 0.13* | 0.11* | 0.12* | 0.14* | 0.15* | 0.18* | 0.17* | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 868 | 1,015 | 895 | 1,010 | 985 | 1,163 | 1,305 | 1,174 | 1,171 | 1,009 | 1,056 | 846 | 936 | 941 | 973 | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Assets | -5.6% | 9,270 | 9,818 | 9,710 | 9,780 | 9,544 | 10,026 | 9,500 | 9,222 | 9,156 | 9,360 | 8,686 | 8,420 | 8,416 | 7,522 | 7,483 | 7,472 | 7,811 | 8,741 | 8,418 | 8,551 | 8,905 |
| Current Assets | -11.1% | 4,160 | 4,680 | 4,540 | 4,603 | 4,922 | 5,945 | 5,513 | 5,669 | 5,631 | 6,001 | 5,114 | 4,821 | 4,817 | 4,274 | 4,218 | 4,191 | 4,516 | 5,610 | 5,361 | 5,471 | 5,853 |
| Cash Equivalents | -12.8% | 2,020 | 2,316 | 2,640 | 2,669 | 3,295 | 4,119 | 4,177 | 4,516 | 4,500 | 4,535 | 3,814 | 3,536 | 3,641 | 2,666 | 2,711 | 2,551 | 2,973 | 2,331 | 2,276 | 2,365 | 2,633 |
| Inventory | -21.6% | 131 | 167 | 175 | 244 | 232 | 204 | 167 | 155 | 108 | 114 | 106 | 116 | 136 | 145 | 113 | 111 | 116 | 131 | 100 | 86.00 | 97.00 |
| Net PPE | -1.4% | 641 | 650 | 667 | 661 | 622 | 602 | 575 | 549 | 533 | 525 | 731 | 737 | 737 | 727 | 740 | 746 | 754 | 759 | 763 | 770 | 768 |
| Goodwill | 0% | 2,759 | 2,759 | 2,767 | 2,767 | 2,767 | 2,346 | 2,330 | 276 | 2,050 | 2,039 | 2,039 | 2,039 | 2,038 | 12.00 | 1,770 | 1,770 | 1,770 | 1,735 | - | - | - |
| Liabilities | -3.0% | 8,397 | 8,659 | 8,608 | 8,578 | 8,887 | 9,188 | 8,618 | 8,463 | 8,436 | 8,675 | 8,208 | 8,050 | 8,132 | 7,280 | 7,201 | 6,936 | 6,948 | 7,651 | 7,188 | 7,021 | 6,983 |
| Current Liabilities | -6.3% | 3,249 | 3,467 | 3,393 | 3,395 | 3,575 | 3,953 | 3,552 | 3,195 | 3,103 | 3,452 | 3,050 | 2,920 | 2,976 | 3,616 | 3,529 | 3,204 | 3,175 | 3,867 | 3,430 | 3,310 | 2,840 |
| LT Debt, Current | - | - | - | - | - | 250 | 250 | 250 | - | - | - | - | - | - | - | - | - | 400 | 400 | 399 | 399 | - |
| LT Debt, Non Current | 0.0% | 2,390 | 2,389 | 2,388 | 2,387 | 2,387 | 2,386 | 2,385 | 2,634 | 2,633 | 2,632 | 2,632 | 2,631 | 2,630 | 1,146 | 1,146 | 1,145 | 1,145 | 1,144 | 1,144 | 1,144 | 1,542 |
| Shareholder's Equity | -24.7% | 873 | 1,159 | 1,102 | 1,202 | 657 | 838 | 882 | 759 | 720 | 685 | 478 | 370 | 284 | 242 | 282 | 536 | 863 | 1,090 | 1,230 | 1,530 | 1,922 |
| Retained Earnings | -100.0% | - | 265 | 268 | 499 | - | 122 | 214 | 194 | 204 | 211 | 56.00 | 30.00 | - | - | - | - | - | - | - | - | - |
| Shares Outstanding | -1.4% | 209 | 212 | 214 | 217 | 220 | 220 | 223 | 223 | 223 | 222 | 223 | 222 | 221 | 219 | 226 | 235 | 239 | 240 | 250 | 258 | 262 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Cashflow From Operations | 15.5% | 1,279 | 1,107 | 1,283 | 1,166 | 1,250 | 1,211 | 1,359 | 1,472 | 1,335 | 1,333 | 1,157 | 1,204 | 990 | 1,060 | 1,076 | 1,107 | 1,325 | 1,341 | 1,436 | 1,405 | 1,554 |
| Share Based Compensation | 6.4% | 332 | 312 | 304 | 275 | 259 | 245 | 227 | 209 | 196 | 197 | 184 | 174 | 165 | 153 | 155 | 162 | 160 | 158 | 157 | 152 | 153 |
| Cashflow From Investing | 28.8% | -990 | -1,390 | -1,185 | -1,392 | -1,135 | -561 | -140 | 257 | 278 | 21.00 | -278 | -168 | 20.00 | 1,269 | 1,410 | 1,439 | 1,456 | 704 | 641 | 452 | 112 |
| Cashflow From Financing | -4.1% | -1,575 | -1,513 | -1,610 | -1,535 | -1,258 | -1,017 | -831 | -763 | -777 | 444 | 184 | -66.00 | -354 | -1,960 | -2,034 | -2,350 | -2,422 | -2,631 | -2,753 | -3,016 | -1,979 |
| Dividend Payments | -0.9% | 428 | 432 | 437 | 440 | 444 | 446 | 441 | 437 | 432 | 427 | 426 | 427 | 431 | 439 | 431 | 422 | 413 | 403 | 359 | 313 | 265 |
| Buy Backs | 5.9% | 900 | 850 | 950 | 875 | 850 | 600 | 425 | 350 | 225 | 125 | 211 | 661 | 1,161 | 1,411 | 1,750 | 1,800 | 1,861 | 2,111 | 1,955 | 1,555 | 1,144 |
NTAP Income Statement
2023-07-28CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
|---|---|---|
Jul. 28, 2023 | Jul. 29, 2022 | |
| Net revenues: | ||
| Net revenues | $ 1,432 | $ 1,592 |
| Cost of revenues: | ||
| Total cost of revenues | 436 | 546 |
| Gross profit | 996 | 1,046 |
| Operating expenses: | ||
| Sales and marketing | 468 | 458 |
| Research and development | 247 | 240 |
| General and administrative | 74 | 72 |
| Restructuring charges | 26 | 11 |
| Acquisition-related expense | 3 | 10 |
| Total operating expenses | 818 | 791 |
| Income from operations | 178 | 255 |
| Other expense, net | 8 | 15 |
| Income before income taxes | 186 | 270 |
| Provision for income taxes | 37 | 56 |
| Net income | $ 149 | $ 214 |
| Net income per share: | ||
| Basic | $ 0.70 | $ 0.97 |
| Diluted | $ 0.69 | $ 0.96 |
| Shares used in net income per share calculations: | ||
| Basic | 212 | 220 |
| Diluted | 216 | 224 |
| Product [Member] | ||
| Net revenues: | ||
| Net revenues | $ 590 | $ 786 |
| Cost of revenues: | ||
| Total cost of revenues | 265 | 397 |
| Service [Member] | ||
| Net revenues: | ||
| Net revenues | 842 | 806 |
| Cost of revenues: | ||
| Total cost of revenues | $ 171 | $ 149 |
NTAP Balance Sheet
2023-07-28CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions | Jul. 28, 2023 | Apr. 28, 2023 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 2,020 | $ 2,316 |
| Short-term investments | 955 | 754 |
| Accounts receivable | 653 | 987 |
| Inventories | 131 | 167 |
| Other current assets | 401 | 456 |
| Total current assets | 4,160 | 4,680 |
| Property and equipment, net | 641 | 650 |
| Goodwill | 2,759 | 2,759 |
| Other intangible assets, net | 166 | 181 |
| Other non-current assets | 1,544 | 1,548 |
| Total assets | 9,270 | 9,818 |
| Current liabilities: | ||
| Accounts payable | 344 | 392 |
| Accrued expenses | 778 | 857 |
| Short-term deferred revenue and financed unearned services revenue | 2,127 | 2,218 |
| Total current liabilities | 3,249 | 3,467 |
| Long-term debt | 2,390 | 2,389 |
| Other long-term liabilities | 703 | 708 |
| Long-term deferred revenue and financed unearned services revenue | 2,055 | 2,095 |
| Total liabilities | 8,397 | 8,659 |
| Commitments and contingencies (Note 15) | ||
| Stockholders' equity: | ||
| Common stock and additional paid-in capital, $0.001 par value; 209 and 212 shares issued and outstanding as of July 28, 2023 and April 28, 2023, respectively. | 921 | 945 |
| Retained earnings | 0 | 265 |
| Accumulated other comprehensive loss | (48) | (51) |
| Total stockholders' equity | 873 | 1,159 |
| Total liabilities and stockholders' equity | $ 9,270 | $ 9,818 |
NetApp, Inc. provides software, systems, and cloud services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud storage services, including NetApp Cloud Volumes; cloud control solutions, such as NetApp Cloud Manager and NetApp Virtual Desktop Service; cloud services and analytics comprising NetApp Cloud Insights, NetApp Cloud Sync, NetApp Cloud Compliance, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Cloud Backup, and NetApp Global File Cache; and Cloud Optimization solutions, such as Spot by NetApp, Spot Cloud Analyzer by NetApp, Spot Eco by NetApp, Spot Ocean by NetApp, Spot Wave by NetApp, Spot Elastigroup by NetApp, and NetApp Virtual Desktop Managed Service. It provides data storage solutions comprising NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, NetApp SolidFire, and NetApp HCI; data protection solutions, such as NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Data Availability Services; and data management solutions, including NetApp ONTAP Storage Management System, NetApp ElementOS software, NetApp SANtricity software, NetApp Active IQ Digital Advisor, OnCommand Insight, and OnCommand Workflow Automation. In addition, the company offers application-aware data management service under the NetApp Astra name; and payment solutions and storage-as-a-service under the NetApp Keystone name. Further, it provides assessment, design, consulting, and implementation services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.