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NetApp Inc Stock Research

NTAP

62.78USD-1.41(-2.20%)Delayedas of 23 Mar 2023, 10:50 am

Market Summary

USD62.78-1.41
Delayedas of 23 Mar 2023, 10:50 am
-2.20%

NTAP Alerts

NTAP Stock Price

NTAP RSI Chart

NTAP Valuation

Market Cap

13.3B

Price/Earnings (Trailing)

10.3

Price/Sales (Trailing)

2.05

EV/EBITDA

10.35

Price/Free Cashflow

13.07

NTAP Price/Sales (Trailing)

NTAP Profitability

EBT Margin

15.85%

Return on Equity

116.88%

Return on Assets

13.26%

Free Cashflow Yield

7.65%

NTAP Fundamentals

NTAP Revenue

Revenue (TTM)

6.5B

Revenue Y/Y

-5.45%

Revenue Q/Q

-8.24%

NTAP Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

-74.21%

Earnings Q/Q

-91.33%

Price Action

52 Week Range

58.0886.63
(Low)(High)

Last 7 days

-5.9%

Last 30 days

-9.8%

Last 90 days

-0.5%

Trailing 12 Months

-24.0%

NTAP Financial Health

Current Ratio

1.34

Debt/Equity

2.17

Debt/Cashflow

0.54

NTAP Investor Care

Dividend Yield

3.23%

Dividend/Share (TTM)

2

Buy Backs (1Y)

4.04%

Diluted EPS (TTM)

5.8

Peers (Alternatives to NetApp)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
AAPL
2.5T
387.5B
 -0.56% -0.91%
25.94
6.37
 2.44% -5.35%
HPQ
27.9B
59.8B
 -7.84% -19.28%
10.71
0.47
 -7.84% -60.07%
NTAP
13.3B
6.5B
 -9.85% -24.01%
10.3
2.05
 4.33% 27.27%
STX
12.6B
9.4B
 -16.09% -31.28%
20.4
1.35
 -21.90% -66.38%
WDC
11.3B
15.8B
 -20.10% -25.14%
-121.22
0.72
 -16.84% -104.67%
MID-CAP
JNPR
10.2B
5.3B
 -1.89% -10.10%
21.65
1.92
 11.95% 86.39%
PSTG
7.3B
2.7B
 -24.21% -24.75%
536.05
2.74
 34.27% 106.43%
SMCI
5.2B
6.6B
 1.35% 119.39%
8.98
0.78
 59.38% 362.85%
NCR
3.0B
7.8B
 -20.01% -40.97%
49.75
0.38
 9.61% -38.14%
XRX
2.4B
7.1B
 -11.03% -17.78%
-7.35
0.33
 0.98% 29.23%
SMALL-CAP
DDD
1.4B
556.2M
 -7.29% -27.15%
-13.31
2.47
 -12.75% -133.51%
DBD
181.9M
3.6B
 -4.08% -66.95%
-0.39
0.05
 -10.12% -413.74%
QMCO
90.8M
402.6M
 -36.66% -62.00%
-2.82
0.23
 8.80% 23.40%
OSS
53.1M
71.9M
 -19.51% -32.65%
81.84
0.74
 23.75% -78.12%
SCKT
13.9M
22.2M
 -8.44% -46.85%
24.66
0.63
 2.03% -88.84%

Financials for NetApp

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-1.3%6,4616,5496,4526,3186,193
Gross Profit-1.7%4,2234,2954,2674,2204,166
Operating Expenses2.4%3,2213,1443,1043,0632,847
  S&GA Expenses-0.6%1,8671,8781,8641,8571,824
  R&D Expenses1.1%948938911881867
EBITDA-8.4%1,2571,3721,3341,356-
EBITDA Margin-7.1%0.19*0.21*0.21*0.21*-
Earnings Before Taxes-11.2%1,0241,1531,1281,0951,259
EBT Margin-10.0%0.16*0.18*0.17*0.17*-
Net Income-12.7%1,2881,4759499371,012
Net Income Margin-11.5%0.20*0.23*0.15*0.15*-
Free Cahsflow13.4%1,0158951,010985-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-0.7%9,7109,7809,54410,0269,500
  Current Assets-1.4%4,5404,6034,9225,9455,513
    Cash Equivalents-0.9%2,6462,6693,2884,1124,170
  Inventory-28.3%175244232204167
  Net PPE0.9%667661622602575
  Goodwill0%2,7672,7672,7672,3462,330
Liabilities0.3%8,6088,5788,8879,1888,618
  Current Liabilities-0.1%3,3933,3953,5753,9533,552
  Long Term Debt-9.5%2,3872,6372,6362,635-
    LT Debt, CurrentNaN%--250250250
    LT Debt, Non Current0.0%2,3882,3872,3872,3862,385
Shareholder's Equity-8.3%1,1021,202657838882
  Retained Earnings-46.3%268499-122214
Accumulated Depreciation1.8%1,3031,2801,2501,278-
Shares Outstanding-1.4%214217218220223
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations10.0%1,2831,1661,2501,2111,359
  Share Based Compensation10.5%304275259245227
Cashflow From Investing14.9%-1,185-1,392-1,135-561-140
Cashflow From Financing-4.9%-1,610-1,535-1,258-1,017-831
  Dividend Payments-0.7%437440444446441
  Buy Backs8.6%950875850600425

Risks for NTAP

What is the probability of a big loss on NTAP?

65%

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

Returns for NTAP

Cumulative Returns on NTAP

8.3%

10-Year Cumulative Returns

15.7%

7-Year Cumulative Returns

1.8%

5-Year Cumulative Returns

17.7%

3-Year Cumulative Returns

What are the long-term rolling returns for NTAP?

FIve years rolling returns for NetApp.

Annualized Returns

Which funds bought or sold NTAP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
new
-
217,810
217,810
 0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-10.07
-4,576,960
31,532,000
 0.03%
2023-03-07
Nordwand Advisors, LLC
new
-
1,757,660
1,757,660
 0.22%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-5.49
-143,000
1,608,000
 0.01%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
324
4,324
 -%
2023-03-01
SMITHBRIDGE ASSET MANAGEMENT INC/DE
new
-
257,000
257,000
 0.07%
2023-03-01
BENNICAS & ASSOCIATES, INC.
unchanged
-
-8,712
288,288
 0.17%
2023-02-28
Voya Investment Management LLC
added
1.9
-157,387
14,747,600
 0.02%
2023-02-27
Parallax Volatility Advisers, L.P.
unchanged
-
-339
661
 -%
2023-02-24
NATIXIS
reduced
-3.31
-240,319
3,644,680
 0.02%

1–10 of 46

Latest Funds Activity

Are funds buying NTAP calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own NTAP
No. of Funds

NTAP Alerts

NetApp News

MarketBeat

Value Holdings Management CO. LLC Decreases Stake in NetApp ....

MarketBeat,
5 hours ago

MarketWatch

Western Digital Corp. stock outperforms competitors despite losses on the day.

MarketWatch,
16 hours ago

MarketWatch

Seagate Technology Holdings PLC stock outperforms competitors despite losses on the day.

MarketWatch,
16 hours ago

Best Stocks

KMG Fiduciary Partners LLC has purchased shares of NetApp, Inc ....

Best Stocks,
19 hours ago

MarketBeat

Counterpoint Mutual Funds LLC Invests $121000 in NetApp, Inc ....

MarketBeat,
45 hours ago

Simply Wall St

Should You Think About Buying NetApp, Inc. (NASDAQ:NTAP) Now?.

Simply Wall St,
2 days ago

Best Stocks

American National Bank disposes of 9,440 NetApp, Inc. shares ....

Best Stocks,
2 days ago

MarketWatch

Buffett loves cash dividends and here’s why you should too – plus 8 stocks with higher yield to get you started..

MarketWatch,
4 days ago

Seeking Alpha

Retiree's Dividend Portfolio: SVB's Failure Presents Opportunity.

Seeking Alpha,
5 days ago

Nasdaq

NetApp (NTAP) & CGI to Aid Clients Unlock Cloud Potential.

Nasdaq,
6 days ago

RTTNews

Bay Street Likely To Open On Cautious Note.

RTTNews,
7 days ago

Best Stocks

Quantamental Technologies LLC reduces its stake in NetApp, Inc ....

Best Stocks,
10 days ago

MarketBeat

Quantamental Technologies LLC Cuts Holdings in NetApp, Inc ....

MarketBeat,
12 days ago

Nasdaq

Pure Storage (PSTG) Rolls Out New FlashBlade//E: Key Takeaways.

Nasdaq,
16 days ago

Best Stocks

NetApp, Inc. (NASDAQ:NTAP) Shares Sold by Skandia Omsesidigt ....

Best Stocks,
18 days ago

Benzinga

NetApp to Participate in Upcoming Technology Conference - NetApp (NASDAQ:NTAP).

Benzinga,
21 days ago

Schedule 13G FIlings of NetApp

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

NTAP Fair Value

NetApp fair value in different scenarios

The table shows the Fair Value estimates for NetApp for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

36.07

-42.55%

44.58

-28.99%

66.75

6.32%

95.35

51.88%

110.52

76.04%
Current Inflation

34.13

-45.64%

41.15

-34.45%

60.19

-4.13%

84.31

34.29%

97.04

54.57%
Very High Inflation

31.62

-49.63%

36.89

-41.24%

52.29

-16.71%

71.35

13.65%

81.35

29.58%

Historical NetApp Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of NetApp

View All Filings
Date Filed Form Type Document
Mar 17, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 01, 2023
10-Q
Quarterly Report
Feb 22, 2023
8-K
Current Report
Feb 17, 2023
4
Insider Trading
Feb 17, 2023
4
Insider Trading
Feb 17, 2023
4
Insider Trading
Feb 17, 2023
4
Insider Trading
Feb 17, 2023
4
Insider Trading
Feb 17, 2023
4
Insider Trading

Latest Insider Trading transactions for NTAP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-07
Kurian George
sold
-292,672
65.0383
-4,500
chief executive officer
2023-02-15
CERNUDA CESAR
sold (taxes)
-72,008
68.71
-1,048
president
2023-02-15
Parks Robert
sold (taxes)
-76,199
68.71
-1,109
chief accounting officer
2023-02-15
Kurian George
acquired
-
-
2,256
chief executive officer
2023-02-15
CERNUDA CESAR
acquired
-
-
2,231
president
2023-02-15
Kurian George
sold (taxes)
-55,792
68.71
-812
chief executive officer
2023-02-15
O'Callahan Elizabeth M
sold (taxes)
-48,509
68.71
-706
evp, chief legal officer
2023-02-15
Bhela Harvinder S
sold (taxes)
-383,196
68.71
-5,577
evp, chief product officer
2023-02-15
BERRY MICHAEL J
acquired
-
-
1,437
evp finance & operations, cfo
2023-02-15
Parks Robert
acquired
-
-
3,533
chief accounting officer

1–10 of 50

About NetApp

George Kurian
www.netapp.com
11000
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.

NTAP Income Statement

2023-01-27
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Jan. 27, 2023
Jan. 28, 2022
Jan. 27, 2023
Jan. 28, 2022
Net revenues:    
Net revenues$ 1,526$ 1,614$ 4,781$ 4,638
Cost of revenues:    
Total cost of revenues5255411,6471,507
Gross profit1,0011,0733,1343,131
Operating expenses:    
Sales and marketing4504611,3871,377
Research and development230220713646
General and administrative5965198207
Restructuring charges87010929
Acquisition-related expense36188
Total operating expenses8297522,4252,267
Income from operations172321709864
Other expense, net5(15)43(41)
Income before income taxes177306752823
Provision (benefit) for income taxes11254(277)145
Net income$ 65$ 252$ 1,029$ 678
Net income per share:    
Basic$ 0.30$ 1.13$ 4.72$ 3.04
Diluted$ 0.30$ 1.10$ 4.66$ 2.96
Shares used in net income per share calculations:    
Basic216223218223
Diluted219229221229
Product [Member]    
Net revenues:    
Net revenues$ 682$ 846$ 2,305$ 2,390
Cost of revenues:    
Total cost of revenues3674071,1821,108
Service [Member]    
Net revenues:    
Net revenues8447682,4762,248
Cost of revenues:    
Total cost of revenues$ 158$ 134$ 465$ 399

NTAP Balance Sheet

2023-01-27
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jan. 27, 2023
Apr. 29, 2022
Current assets:  
Cash and cash equivalents$ 2,640$ 4,112
Short-term investments50122
Accounts receivable8211,230
Inventories175204
Other current assets403377
Total current assets4,5405,945
Property and equipment, net667602
Goodwill2,7672,346
Other intangible assets, net198142
Other non-current assets1,538991
Total assets9,71010,026
Current liabilities:  
Accounts payable432607
Accrued expenses835925
Current portion of long-term debt0250
Short-term deferred revenue and financed unearned services revenue2,1262,171
Total current liabilities3,3933,953
Long-term debt2,3882,386
Other long-term liabilities737788
Long-term deferred revenue and financed unearned services revenue2,0902,061
Total liabilities8,6089,188
Commitments and contingencies (Note 15)
Stockholders' equity:  
Common stock and additional paid-in capital, $0.001 par value; 214 and 220 shares issued and outstanding as of January 27, 2023 and April 29, 2022, respectively889760
Retained earnings268122
Accumulated other comprehensive loss(55)(44)
Total stockholders' equity1,102838
Total liabilities and stockholders' equity$ 9,710$ 10,026