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NetApp Inc Stock Research

NTAP

74.95USD+0.10(+0.13%)Market Closed
Watchlist

Market Summary

USD74.95+0.10
Market Closed
0.13%

NTAP Alerts

  • 4 major insider sales recently.
  • Big fall in Revenue (Y/Y)

NTAP Stock Price

NTAP RSI Chart

NTAP Valuation

Market Cap

15.6B

Price/Earnings (Trailing)

12.94

Price/Sales (Trailing)

2.52

EV/EBITDA

11.02

Price/Free Cashflow

14.62

NTAP Price/Sales (Trailing)

NTAP Profitability

EBT Margin

16.76%

Return on Equity

109.92%

Return on Assets

12.98%

Free Cashflow Yield

6.84%

NTAP Fundamentals

NTAP Revenue

Revenue (TTM)

6.2B

Revenue Y/Y

-10.05%

Revenue Q/Q

-9.42%

NTAP Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

-30.37%

Earnings Q/Q

-39.18%

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

Current Ratio

1.35

Debt/Equity

2.17

Debt/Cashflow

0.54

NTAP Investor Care

Dividend Yield

2.67%

Dividend/Share (TTM)

2

Buy Backs (1Y)

5.00%

Diluted EPS (TTM)

5.53

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for NTAP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold NTAP recently?

View All Details
Datesorted ascendingFund NameType% 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
-%

1–10 of 45

Latest Funds Activity

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

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

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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.7T
383.9B
-3.72% 14.24%
28.4
7.01
-0.93% -4.89%
25.4B
54.7B
-16.60% 3.04%
10.97
0.46
-15.60% -63.25%
15.6B
6.2B
0.17% 20.45%
12.94
2.52
-3.87% 27.40%
14.3B
12.3B
12.10% 36.64%
-8.36
1.16
-34.45% -213.73%
13.2B
7.4B
-1.55% 14.50%
-24.86
1.78
-36.68% -132.08%
MID-CAP
13.2B
7.1B
-1.87% 377.87%
20.6
1.85
37.09% 124.43%
10.2B
2.8B
-6.37% 28.36%
-12.3K
3.71
8.89% 94.22%
8.7B
5.7B
-1.99% 5.97%
21.24
1.54
15.00% 5.32%
3.7B
7.9B
-10.57% 28.59%
46.07
0.47
0.77% -2.41%
2.5B
7.2B
2.19% 16.75%
-9.9
0.35
3.04% 60.93%
SMALL-CAP
1.4B
3.6B
-66.42% 407.18%
-1.43
0.4
-3.78% -133.22%
570.3M
514.4M
-28.38% -44.43%
-4.7
1.11
-11.31% -153.49%
57.6M
407.5M
4.65% -48.81%
-1.5
0.14
7.00% 0.29%
37.0M
71.1M
-12.20% -44.44%
-6.23
0.52
2.81% -496.33%
8.0M
18.3M
-15.38% -48.36%
-4.31
0.44
-26.01% -189.58%

NetApp News

MarketWatch
NetApp Inc. stock outperforms market on strong trading day.
MarketWatch,
107 minutes ago
DirectorsTalk Interviews
Investing.com Australia
Investor's Business Daily
Investor's Business Daily
InvestorsObserver
Schaeffers Research

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)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue-2.5%6,2026,3626,4616,5496,4526,3186,1936,0495,8995,7445,5905,5245,4795,4125,6035,7625,9086,1466,1986,1746,072
Gross Profit-1.2%4,1594,2094,2234,2954,2674,2204,1664,0683,9423,8153,7213,6873,6793,6233,7083,7493,7983,9453,9483,9223,848
Operating Expenses0.8%3,2183,1913,2213,1443,1043,0632,8472,8122,7982,7842,8682,8242,7022,6782,6702,6682,7272,7242,7852,5802,576
  S&GA Expenses0.5%1,8391,8291,8671,8781,8641,8571,8241,7991,7661,7441,6861,6521,6091,5851,6351,6341,6531,6571,6611,6791,692
  R&D Expenses0.7%963956948938911881867862858881872868865847840832834827825815798
EBITDA-100.0%-1,3141,2571,3721,3341,3561,5071,4511,3561,1771,0511,0681,1801,1921,3271,376-----
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%9821,0661,0241,1531,1281,0951,2591,2001,0959627768059299441,0781,1211,1151,2681,2121,3971,326
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%1,2091,2741,2881,4759499371,0129428557305926877938191,0199919891,1691,063335268
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%-8681,0158951,0109851,1631,3051,1741,1711,0091,056846936941973-----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets-5.6%9,2709,8189,7109,7809,54410,0269,5009,2229,1569,3608,6868,4208,4167,5227,4837,4727,8118,7418,4188,5518,905
  Current Assets-11.1%4,1604,6804,5404,6034,9225,9455,5135,6695,6316,0015,1144,8214,8174,2744,2184,1914,5165,6105,3615,4715,853
    Cash Equivalents-12.8%2,0202,3162,6402,6693,2954,1194,1774,5164,5004,5353,8143,5363,6412,6662,7112,5512,9732,3312,2762,3652,633
  Inventory-21.6%13116717524423220416715510811410611613614511311111613110086.0097.00
  Net PPE-1.4%641650667661622602575549533525731737737727740746754759763770768
  Goodwill0%2,7592,7592,7672,7672,7672,3462,3302762,0502,0392,0392,0392,03812.001,7701,7701,7701,735---
Liabilities-3.0%8,3978,6598,6088,5788,8879,1888,6188,4638,4368,6758,2088,0508,1327,2807,2016,9366,9487,6517,1887,0216,983
  Current Liabilities-6.3%3,2493,4673,3933,3953,5753,9533,5523,1953,1033,4523,0502,9202,9763,6163,5293,2043,1753,8673,4303,3102,840
    LT Debt, Current-----250250250---------400400399399-
    LT Debt, Non Current0.0%2,3902,3892,3882,3872,3872,3862,3852,6342,6332,6322,6322,6312,6301,1461,1461,1451,1451,1441,1441,1441,542
Shareholder's Equity-24.7%8731,1591,1021,2026578388827597206854783702842422825368631,0901,2301,5301,922
  Retained Earnings-100.0%-265268499-12221419420421156.0030.00---------
Shares Outstanding-1.4%209212214217220220223223223222223222221219226235239240250258262
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations15.5%1,2791,1071,2831,1661,2501,2111,3591,4721,3351,3331,1571,2049901,0601,0761,1071,3251,3411,4361,4051,554
  Share Based Compensation6.4%332312304275259245227209196197184174165153155162160158157152153
Cashflow From Investing28.8%-990-1,390-1,185-1,392-1,135-561-14025727821.00-278-16820.001,2691,4101,4391,456704641452112
Cashflow From Financing-4.1%-1,575-1,513-1,610-1,535-1,258-1,017-831-763-777444184-66.00-354-1,960-2,034-2,350-2,422-2,631-2,753-3,016-1,979
  Dividend Payments-0.9%428432437440444446441437432427426427431439431422413403359313265
  Buy Backs5.9%9008509508758506004253502251252116611,1611,4111,7501,8001,8612,1111,9551,5551,144

NTAP Income Statement

2023-07-28
CONDENSED 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 revenues436546
Gross profit9961,046
Operating expenses:  
Sales and marketing468458
Research and development247240
General and administrative7472
Restructuring charges2611
Acquisition-related expense310
Total operating expenses818791
Income from operations178255
Other expense, net815
Income before income taxes186270
Provision for income taxes3756
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:  
Basic212220
Diluted216224
Product [Member]  
Net revenues:  
Net revenues$ 590$ 786
Cost of revenues:  
Total cost of revenues265397
Service [Member]  
Net revenues:  
Net revenues842806
Cost of revenues:  
Total cost of revenues$ 171$ 149

NTAP Balance Sheet

2023-07-28
CONDENSED 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 investments955754
Accounts receivable653987
Inventories131167
Other current assets401456
Total current assets4,1604,680
Property and equipment, net641650
Goodwill2,7592,759
Other intangible assets, net166181
Other non-current assets1,5441,548
Total assets9,2709,818
Current liabilities:  
Accounts payable344392
Accrued expenses778857
Short-term deferred revenue and financed unearned services revenue2,1272,218
Total current liabilities3,2493,467
Long-term debt2,3902,389
Other long-term liabilities703708
Long-term deferred revenue and financed unearned services revenue2,0552,095
Total liabilities8,3978,659
Commitments and contingencies (Note 15)
Stockholders' equity:  
Common stock and additional paid-in capital, $0.001 par value; 209 and 212 shares issued and outstanding as of July 28, 2023 and April 28, 2023, respectively.921945
Retained earnings0265
Accumulated other comprehensive loss(48)(51)
Total stockholders' equity8731,159
Total liabilities and stockholders' equity$ 9,270$ 9,818
George Kurian
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.