NetApp Cash And Short Term Investments vs Current Deferred Revenue Analysis
NTAP Stock | USD 108.50 0.32 0.30% |
NetApp financial indicator trend analysis is infinitely more than just investigating NetApp Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetApp Inc is a good investment. Please check the relationship between NetApp Cash And Short Term Investments and its Current Deferred Revenue accounts. 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.
Cash And Short Term Investments vs Current Deferred Revenue
Cash And Short Term Investments vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetApp Inc Cash And Short Term Investments account and Current Deferred Revenue. At this time, the significance of the direction appears to have very week relationship.
The correlation between NetApp's Cash And Short Term Investments and Current Deferred Revenue is 0.28. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of NetApp Inc, assuming nothing else is changed. The correlation between historical values of NetApp's Cash And Short Term Investments and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of NetApp Inc are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Cash And Short Term Investments i.e., NetApp's Cash And Short Term Investments and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of NetApp Inc balance sheet. This account contains NetApp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by NetApp Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from NetApp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetApp Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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. As of 05/11/2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Selling General Administrative is likely to drop slightly above 215.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.2B | 4.2B | 4.8B | 2.4B | Total Revenue | 6.3B | 6.4B | 7.3B | 3.9B |
NetApp fundamental ratios Correlations
Click cells to compare fundamentals
NetApp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NetApp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.5B | 9.4B | 10.0B | 9.8B | 11.3B | 6.1B | |
Short Long Term Debt Total | 1.7B | 2.6B | 2.6B | 2.4B | 2.7B | 2.9B | |
Other Current Liab | 774M | 921M | 925M | 810M | 931.5M | 978.1M | |
Total Current Liabilities | 3.6B | 3.5B | 4.0B | 3.5B | 4.0B | 2.1B | |
Total Stockholder Equity | 242M | 685M | 838M | 1.2B | 1.3B | 1.9B | |
Property Plant And Equipment Net | 727M | 525M | 602M | 650M | 747.5M | 637.6M | |
Current Deferred Revenue | 1.9B | 2.1B | 2.2B | 2.2B | 2.6B | 2.7B | |
Net Debt | (1.2B) | (2.0B) | (1.5B) | 73M | 65.7M | 69.0M | |
Accounts Payable | 426M | 420M | 607M | 392M | 450.8M | 233.6M | |
Cash | 2.9B | 4.6B | 4.1B | 2.3B | 2.7B | 2.6B | |
Non Current Assets Total | 3.2B | 3.4B | 4.1B | 5.1B | 5.9B | 6.2B | |
Non Currrent Assets Other | 699M | 694M | 526M | 1.5B | 1.8B | 1.9B | |
Cash And Short Term Investments | 2.9B | 4.6B | 4.1B | 3.1B | 3.5B | 3.0B | |
Net Receivables | 973M | 945M | 1.2B | 987M | 1.1B | 613.5M | |
Common Stock Shares Outstanding | 233M | 226M | 229M | 220M | 198M | 255.4M | |
Short Term Investments | 224M | 67M | 22M | 754M | 867.1M | 1.3B | |
Liabilities And Stockholders Equity | 7.5B | 9.4B | 10.0B | 9.8B | 11.3B | 6.1B | |
Non Current Liabilities Total | 3.7B | 5.2B | 5.2B | 5.2B | 6.0B | 6.3B | |
Inventory | 145M | 114M | 204M | 167M | 192.1M | 201.7M | |
Other Current Assets | 274M | 346M | 377M | 456M | 524.4M | 616.8M | |
Total Liab | 7.3B | 8.7B | 9.2B | 8.7B | 10.0B | 10.5B | |
Total Current Assets | 4.3B | 6.0B | 5.9B | 4.7B | 5.4B | 4.0B | |
Accumulated Other Comprehensive Income | (42M) | (30M) | (44M) | (51M) | (45.9M) | (43.6M) | |
Short Term Debt | 522M | 49M | 250M | 47M | 54.1M | 51.3M | |
Common Stock | 242M | 685M | 760M | 945M | 1.1B | 1.1B | |
Common Stock Total Equity | 284M | 504M | 760M | 945M | 1.1B | 750.9M | |
Other Stockholder Equity | 42M | (181M) | (44M) | (51M) | (58.7M) | (55.7M) | |
Property Plant And Equipment Gross | 864M | 639M | 2.1B | 2.3B | 2.6B | 2.8B | |
Other Liab | 2.4B | 2.6B | 2.8B | 2.6B | 2.9B | 3.1B | |
Other Assets | 535M | 694M | 991M | 1.2B | 1.4B | 1.4B | |
Property Plant Equipment | 727M | 525M | 602M | 650M | 747.5M | 741.8M | |
Good Will | 1.8B | 2.0B | 2.3B | 2.8B | 3.2B | 3.3B | |
Intangible Assets | 44M | 101M | 142M | 181M | 162.9M | 95.5M | |
Long Term Debt | 1.1B | 2.6B | 2.4B | 2.4B | 2.7B | 2.9B | |
Net Tangible Assets | (1.6B) | (1.5B) | (1.7B) | (1.8B) | (1.6B) | (1.5B) | |
Deferred Long Term Liab | 97M | 89M | 111M | 117M | 105.3M | 100.0M |
NetApp Investors Sentiment
The influence of NetApp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NetApp. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to NetApp's public news can be used to forecast risks associated with an investment in NetApp. The trend in average sentiment can be used to explain how an investor holding NetApp can time the market purely based on public headlines and social activities around NetApp Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NetApp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NetApp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average NetApp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on NetApp.
NetApp Implied Volatility | 32.46 |
NetApp's implied volatility exposes the market's sentiment of NetApp Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NetApp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NetApp stock will not fluctuate a lot when NetApp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NetApp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NetApp's short interest history, or implied volatility extrapolated from NetApp options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for NetApp Stock analysis
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.
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Stocks Directory Find actively traded stocks across global markets | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |
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.