Jeffrey Bergmann - NetApp Interim CFO

NTAP Stock  USD 100.06  0.64  0.64%   

CFO

Mr. Jeffrey K. Bergmann has resigned as Interim Chief Financial Officer of the Company. effective 11 April 2016. Mr. Bergmann will act as the companys principal financial officer and principal accounting officer. From August 2015 to January 2015 Mr. Bergmann served as Vice President of corporate finance of the Company overseeing all aspects of corporate financial planning and analysis product operations finance operations finance global tax and treasury. Mr. Bergmann joined NetApp in June 2009 as the vice president of global tax and subsequently assumed responsibility for treasury and enterprise risk management. From 2003 to 2008 Mr. Bergmann was senior vice president of tax and finance administration at VeriSign Inc. a global provider of domain name registry services and Internet security where he was responsible for global tax treasury internal audit enterprise risk management and other finance administration functions. Prior to 2003 Mr. Bergmann was a federal tax partner at KPMG LLP an international accounting firm since 2016.
Tenure 8 years
Professional MarksMBA
Address 3060 Olsen Drive, San Jose, CA, United States, 95128
Phone408 822 6000
Webhttps://www.netapp.com
Bergmann holds a BSC degree in accounting from Santa Clara University and an MBA from Golden Gate University, and he is a certified public accountant.

NetApp Management Efficiency

The company has return on total asset (ROA) of 0.0802 % which means that it generated a profit of $0.0802 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.897 %, meaning that it created $0.897 on every $100 dollars invested by stockholders. NetApp's management efficiency ratios could be used to measure how well NetApp manages its routine affairs as well as how well it operates its assets and liabilities. At this time, NetApp's Return On Assets are relatively stable compared to the past year. As of 04/24/2024, Return On Equity is likely to grow to 1.12, while Return On Tangible Assets are likely to drop 0.07. At this time, NetApp's Non Current Liabilities Total is relatively stable compared to the past year. As of 04/24/2024, Non Current Liabilities Other is likely to grow to about 1 B, while Total Current Liabilities is likely to drop slightly above 2.1 B.
The company currently holds 2.39 B in liabilities with Debt to Equity (D/E) ratio of 4.51, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. NetApp Inc has a current ratio of 1.35, which is within standard range for the sector. Debt can assist NetApp until it has trouble settling it off, either with new capital or with free cash flow. So, NetApp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NetApp Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NetApp to invest in growth at high rates of return. When we think about NetApp's use of debt, we should always consider it together with cash and equity.

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NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California. NetApp operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 12000 people. NetApp Inc (NTAP) is traded on NASDAQ Exchange in USA. It is located in 3060 Olsen Drive, San Jose, CA, United States, 95128 and employs 12,000 people. NetApp is listed under Technology Hardware, Storage & Peripherals category by Fama And French industry classification.

Management Performance

NetApp Inc Leadership Team

Elected by the shareholders, the NetApp's board of directors comprises two types of representatives: NetApp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NetApp. The board's role is to monitor NetApp's management team and ensure that shareholders' interests are well served. NetApp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NetApp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Puneet Gupta, Managing Services
Michael Berry, Ex CFO
Alessandra Yockelson, Executive CHRO
Scott Schenkel, Director
Atish Gude, Chief Strategy Officer
Alan Earhart, Independent Director
Elizabeth OCallahan, Chief VP
Thomas Nevens, Lead Independent Director
Matthew Fawcett, Sr. VP, General Counsel and Secretary
William Miller, Senior Officer
Octavian Tanase, Senior Group
Deborah Kerr, Director
Robert Parks, VP Officer
Debra McCowan, Chief Human Resource Officer, Senior Vice President
Tor Braham, Independent Director
Joel Reich, Executive Vice President - Product Operations
Richard Wallace, Independent Director
Gerald Held, Independent Director
Nicholas Noviello, Executive Officer
Jean English, Chief Marketing Officer
Gabrielle Boko, Chief Officer
Robert Wall, Independent Director
Stephen Smith, Independent Director
Henri Richard, Executive Vice President - Worldwide Field and Customer Operations
Jeffrey Bergmann, Interim CFO
Robert Salmon, Pres and Head of Go-To-Market Operations
Kris Newton, IR Contact Officer
Cesar Rego, President
George Shaheen, Independent Director
Jeffry Allen, Independent Director
Mark Bregman, CTO
Ronald Pasek, CFO, Executive Vice President Principal Financial Officer and Principal Accounting Officer
George Kurian, CEO and Director
Scott Allen, Senior Vice President Chief Accounting Officer
Kathryn Hill, Independent Director
Bradley Anderson, Senior Vice President General Manager
James Whitemore, Ex Officer
Harvinder Bhela, Executive Officer

NetApp Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is NetApp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether NetApp Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NetApp Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Netapp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Netapp Inc Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.
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Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.933
Dividend Share
2
Earnings Share
4.39
Revenue Per Share
29.398
Quarterly Revenue Growth
0.052
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NetApp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.