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NTAP

NTAP - NetApp Inc Stock Price, Fair Value and News

100.92USD-1.62 (-1.58%)Market Closed

Market Summary

NTAP
USD100.92-1.62
Market Closed
-1.58%

NTAP Alerts

  • 3 major insider sales recently.
  • Big jump in Earnings (Y/Y)

NTAP Stock Price

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NTAP RSI Chart

NTAP Valuation

Market Cap

2.1B

Price/Earnings (Trailing)

2.22

Price/Sales (Trailing)

0.34

EV/EBITDA

1.55

Price/Free Cashflow

1.8

NTAP Price/Sales (Trailing)

NTAP Profitability

Operating Margin

64.21%

EBT Margin

19.37%

Return on Equity

94.57%

Return on Assets

10.03%

Free Cashflow Yield

55.65%

NTAP Fundamentals

NTAP Revenue

Revenue (TTM)

6.2B

Rev. Growth (Yr)

5.24%

Rev. Growth (Qtr)

2.82%

NTAP Earnings

Earnings (TTM)

940.0M

Earnings Growth (Yr)

381.54%

Earnings Growth (Qtr)

34.33%

Breaking Down NTAP Revenue

Last 7 days

-1.6%

Last 30 days

-0.9%

Last 90 days

16.7%

Trailing 12 Months

48.5%

How does NTAP drawdown profile look like?

NTAP Financial Health

Current Ratio

1.15

Debt/Equity

2

Debt/Cashflow

0.66

NTAP Investor Care

Dividend Yield

1.98%

Dividend/Share (TTM)

2

Buy Backs (1Y)

90.35%

Diluted EPS (TTM)

4.39

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20246.2B000
20236.5B6.4B6.2B6.1B
20226.2B6.3B6.5B6.5B
20215.6B5.7B5.9B6.0B
20205.6B5.4B5.5B5.5B
20196.2B6.1B5.9B5.8B
20185.7B5.9B6.1B6.2B
20175.4B5.5B5.5B5.6B
20165.7B5.5B5.5B5.4B
20156.2B6.1B6.0B5.9B
20146.4B6.3B6.3B6.3B
20136.3B6.3B6.4B6.4B
20126.0B6.2B6.2B6.3B
20114.9B5.1B5.4B5.7B
20103.8B3.9B4.2B4.6B
200903.4B3.5B3.7B
GRUFITY'S FAIR VALUE MODEL

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Tracking the Latest Insider Buys and Sells of NetApp Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 15, 2024
kurian george
sold
-876,838
103
-8,500
ceo
Apr 15, 2024
berry michael j
acquired
-
-
29,220
evp, cfo
Apr 15, 2024
berry michael j
sold (taxes)
-1,062,290
102
-10,377
evp, cfo
Apr 10, 2024
o'callahan elizabeth m
sold
-89,730
103
-871
evp, chief legal officer
Apr 01, 2024
cernuda cesar
sold
-2,310,660
105
-22,000
president
Mar 19, 2024
kurian george
sold
-862,218
101
-8,500
ceo
Mar 13, 2024
berry michael j
sold
-765,000
102
-7,500
evp, cfo
Mar 12, 2024
berry michael j
sold
-770,614
102
-7,500
evp, cfo
Mar 11, 2024
o'callahan elizabeth m
sold
-89,582
102
-871
evp, chief legal officer
Feb 15, 2024
berry michael j
sold (taxes)
-62,136
87.27
-712
evp finance & operations, cfo

1–10 of 50

Which funds bought or sold NTAP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 16, 2024
Asset Dedication, LLC
unchanged
-
2,000
16,000
-%
Apr 16, 2024
Artemis Investment Management LLP
new
-
2,648,760
2,648,760
0.03%
Apr 16, 2024
Kathmere Capital Management, LLC
new
-
220,017
220,017
0.03%
Apr 16, 2024
Berger Financial Group, Inc
reduced
-16.56
-39,296
6,013,200
0.50%
Apr 16, 2024
Occidental Asset Management, LLC
added
3.54
742,686
3,932,490
0.74%
Apr 16, 2024
Financial Management Professionals, Inc.
unchanged
-
-
2,000
-%
Apr 16, 2024
CAPITAL INSIGHT PARTNERS, LLC
added
42.28
285,402
696,581
0.13%
Apr 16, 2024
Norwood Financial Corp
new
-
20,994
20,994
0.03%
Apr 16, 2024
Trifecta Capital Advisors, LLC
unchanged
-
252
1,575
-%
Apr 16, 2024
HENNESSY ADVISORS INC
sold off
-100
-3,632,980
-
-%

1–10 of 47

Are Funds Buying or Selling NTAP?

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

Unveiling NetApp Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
12.65%
26,061,347
SC 13G/A
Feb 12, 2024
primecap management co/ca/
7.14%
14,709,824
SC 13G/A
Feb 09, 2024
capital international investors
2.6%
5,349,631
SC 13G/A
Jan 24, 2024
blackrock inc.
9.2%
18,873,091
SC 13G/A
Feb 13, 2023
capital international investors
5.7%
12,240,689
SC 13G/A
Feb 09, 2023
vanguard group inc
12.99%
28,009,270
SC 13G/A
Feb 09, 2023
primecap management co/ca/
7.49%
16,141,234
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

Recent SEC filings of NetApp Inc

View All Filings
Date Filed Form Type Document
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 15, 2024
144
Notice of Insider Sale Intent
Apr 12, 2024
4
Insider Trading
Apr 10, 2024
144
Notice of Insider Sale Intent
Apr 09, 2024
3
Insider Trading
Apr 09, 2024
8-K
Current Report
Apr 03, 2024
4
Insider Trading
Apr 01, 2024
144
Notice of Insider Sale Intent
Mar 21, 2024
4
Insider Trading

Peers (Alternatives to NetApp Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
193.5B
57.2B
-3.00% -5.01%
14.4
3.38
7.66% 18.93%
81.1B
5.9B
-10.36% 59.42%
38.85
13.84
33.75% 54.34%
27.1B
53.1B
-7.48% -11.27%
7.95
0.51
-11.04% 34.01%
22.1B
29.1B
-0.18% 7.92%
10.93
0.76
2.24% 133.29%
12.4B
4.2B
-10.39% 33.18%
25.61
2.93
-11.68% 12.69%
11.7B
5.6B
-0.63% 10.08%
37.86
2.11
4.97% -34.14%
MID-CAP
6.4B
1.9B
-2.45% -57.77%
17.29
3.43
4.69% 6.86%
3.4B
2.5B
-5.23% 2.39%
13.94
1.35
-3.62% -4.73%
2.8B
1.4B
-10.30% -9.72%
-10.61
1.97
-21.40% -1031.82%
SMALL-CAP
1.4B
1.3B
-1.15% -39.51%
17.86
1.06
14.09% 64.56%
458.1M
217.6M
-8.09% 442.27%
-8.17
2.1
-2.32% 15.59%
367.1M
1.1B
-12.95% -52.65%
-1.37
0.32
12.05% -13041.29%
129.2M
148.1M
-3.70% 16.32%
27.52
0.87
3.90% 76.40%
57.7M
56.0M
4.57% 3.00%
-4.64
1.03
-26.16% -43.53%
50.3M
29.7M
-5.56% -85.09%
-0.73
1.69
39.86% -13.06%

NetApp Inc News

Latest updates
Yahoo Finance UK76 minutes ago
Yahoo Finance04 Apr 202407:00 am

NetApp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue2.8%1,6061,5621,4321,5811,5261,6631,5921,6801,6141,5661,4581,5551,4701,4161,3031,4011,4041,3711,2361,5921,563
Gross Profit3.7%1,1511,1109961,0751,0011,0871,0461,0891,0731,0599991,0359759338729419419258161,026982
Operating Expenses-2.6%785806818766829805791796752765750580717751736664673629712656671
  S&GA Expenses-4.8%439461468442450479458480461465451447436432429389402389405439401
  R&D Expenses-5.0%249262247243230243240235220216210221215212233212211209215205203
EBITDA Margin14.7%0.24*0.21*0.21*0.22*0.20*0.22*0.22*0.21*0.24*0.24*0.23*0.21*---------
Income Taxes-15.9%69.0082.0037.0069.00112-44556.0013.0054.0056.0035.0010265.0038.0027.0054.00-1.0056.0016.00-12.0070.00
Earnings Before Taxes21.3%382315186314177305270272306280237436247175104250276299119384319
EBT Margin19.1%0.19*0.16*0.16*0.17*0.16*0.18*0.17*0.17*0.20*0.20*0.19*0.17*---------
Net Income34.3%31323314924565.0075021425925222420233418213777.00196277243103396249
Net Income Margin34.1%0.15*0.11*0.19*0.20*0.20*0.23*0.15*0.15*0.16*0.16*0.14*0.13*---------
Free Cashflow361.9%44897.00418196319137216343199252191521---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets3.3%9,3699,0739,2709,8189,7109,7809,54410,0269,5009,2229,1569,3608,6868,4208,4167,5227,4837,4727,8118,7418,418
  Current Assets8.4%4,3273,9934,1604,6804,5404,6034,9225,9455,5135,6695,6316,0015,1144,8214,8174,2744,2184,1914,5165,6105,361
    Cash Equivalents-5.9%1,8201,9342,0202,3162,6462,6763,2954,1194,1774,5164,5004,5353,8143,5363,6412,6662,7112,5512,9732,3312,276
  Inventory7.4%131122131167175244232204167155108114106116136145113111116131100
  Net PPE-2.6%607623641650667661622602575549533525731737737727740746754759763
  Goodwill0%2,7592,7592,7592,7592,7672,7672,7672,3462,3302762,0502,0392,0392,0392,03812.001,7701,7701,770--
Liabilities0.9%8,3758,3038,3978,6598,6088,5788,8879,1888,6188,4638,4368,6758,2088,0508,1327,2807,2016,9366,9487,6517,188
  Current Liabilities0.9%3,7653,7333,2493,4673,3933,3953,5753,9533,5523,1953,1033,4523,0502,9202,9763,6163,5293,2043,1753,8673,430
  Long Term Debt0%1,9911,9912,3902,3892,3882,3872,3872,3862,3852,6342,6332,6322,6322,6312,6301,1461,1461,1451,1451,1441,144
    LT Debt, Current0%400400----250250250---------400400399
    LT Debt, Non Current0%1,9911,9912,3902,3892,3882,3872,3872,3862,3852,6342,6332,6322,6322,6312,6301,1461,1461,1451,1451,1441,144
Shareholder's Equity29.1%9947708731,1591,1021,2026578388827597206854783702842422825368631,0901,230
  Retained Earnings-115--265268499-12221419420421156.0030.00-------
Shares Outstanding0%206206209212218217220220223223223222---------
Float------10,276---12,495---5,651---7,100---
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations258.5%484135453235377214281411260298242559373161240383420-53.00310399451
  Share Based Compensation-4.3%89.0093.0087.0074.0093.0078.0067.0066.0064.0062.0053.0048.0046.0049.0054.0035.0036.0040.0042.0037.0043.00
Cashflow From Investing-292.5%-437227-228-285-189-288-628-80.00-396-31.00-54.003411.00-10.00-31142.00111178938183140
Cashflow From Financing57.7%-178-421-521-269-265-520-459-366-190-243-218-180-122-2571,003-440-372-545-603-514-688
  Dividend Payments0%10310310610610810811011111111211210610710710710510811111597.0099.00
  Buy Backs-66.7%10030040015020015035025012512510075.0050.00--161500500250500550

NTAP Income Statement

2024-01-26
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Jan. 26, 2024
Jan. 27, 2023
Jan. 26, 2024
Jan. 27, 2023
Net revenues:    
Net revenues$ 1,606$ 1,526$ 4,600$ 4,781
Cost of revenues:    
Total cost of revenues4555251,3431,647
Gross profit1,1511,0013,2573,134
Operating expenses:    
Sales and marketing4394501,3681,387
Research and development249230758713
General and administrative8159230198
Restructuring charges138744109
Acquisition-related expense33918
Total operating expenses7858292,4092,425
Income from operations366172848709
Other income, net1653543
Income before income taxes382177883752
Provision (benefit) for income taxes69112188(277)
Net income$ 313$ 65$ 695$ 1,029
Net income per share:    
Basic$ 1.52$ 0.3$ 3.33$ 4.72
Diluted$ 1.48$ 0.3$ 3.26$ 4.66
Shares used in net income per share calculations:    
Basic206216209218
Diluted211219213221
Product [Member]    
Net revenues:    
Net revenues$ 747$ 682$ 2,043$ 2,305
Cost of revenues:    
Total cost of revenues2823678231,182
Service [Member]    
Net revenues:    
Net revenues8598442,5572,476
Cost of revenues:    
Total cost of revenues$ 173$ 158$ 520$ 465

NTAP Balance Sheet

2024-01-26
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jan. 26, 2024
Apr. 28, 2023
Current assets:  
Cash and cash equivalents$ 1,820$ 2,316
Short-term investments1,097754
Accounts receivable787987
Inventories131167
Other current assets492456
Total current assets4,3274,680
Property and equipment, net607650
Goodwill2,7592,759
Purchased intangible assets, net138181
Other non-current assets1,5381,548
Total assets9,3699,818
Current liabilities:  
Accounts payable396392
Accrued expenses876857
Current portion of long-term debt4000
Short-term deferred revenue and financed unearned services revenue2,0932,218
Total current liabilities3,7653,467
Long-term debt1,9912,389
Other long-term liabilities585708
Long-term deferred revenue and financed unearned services revenue2,0342,095
Total liabilities8,3758,659
Commitments and contingencies (Note 15)
Stockholders' equity:  
Common stock and additional paid-in capital, $0.001 par value; 206 and 212 shares issued and outstanding as of January 26, 2024 and April 28, 2023, respectively934945
Retained earnings115265
Accumulated other comprehensive loss(55)(51)
Total stockholders' equity9941,159
Total liabilities and stockholders' equity$ 9,369$ 9,818
NTAP
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. In addition, it provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, and cloud operations services, such as NetApp Cloud Insights, Spot by NetApp, and Instaclustr. Further, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Additionally, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
 CEO
 WEBSITEnetapp.com
 INDUSTRYComputer Hardware
 EMPLOYEES12000

NetApp Inc Frequently Asked Questions


What is the ticker symbol for NetApp Inc? What does NTAP stand for in stocks?

NTAP is the stock ticker symbol of NetApp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of NetApp Inc (NTAP)?

As of Wed Apr 17 2024, market cap of NetApp Inc is 2.08 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NTAP stock?

You can check NTAP's fair value in chart for subscribers.

What is the fair value of NTAP stock?

You can check NTAP's fair value in chart for subscribers. The fair value of NetApp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of NetApp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NTAP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is NetApp Inc a good stock to buy?

The fair value guage provides a quick view whether NTAP is over valued or under valued. Whether NetApp Inc is cheap or expensive depends on the assumptions which impact NetApp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NTAP.

What is NetApp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, NTAP's PE ratio (Price to Earnings) is 2.22 and Price to Sales (PS) ratio is 0.34. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NTAP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on NetApp Inc's stock?

In the past 10 years, NetApp Inc has provided 0.133 (multiply by 100 for percentage) rate of return.