NetApp Stock Financials

NTAP
 Stock
  

USD 72.57  2.09  2.80%   

As of 28th of November 2022, Average Assets is likely to grow to about 8.5 B. Also, Earnings before Tax is likely to grow to about 710.1 M.
  
With this module, you can analyze NetApp financials for your investing period. You should be able to track the changes in NetApp individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.

NetApp Most Recent Estimates

Quarterly Earnings Growth YOY
0.091
Diluted Eps
4.17
EPS Estimate Current Year
5.14
EPS Estimate Next Year
5.42
Earnings Share
4.17
Understanding current and past NetApp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of NetApp's financial statements are interrelated, with each one affecting the others. For example, an increase in NetApp's assets may result in an increase in income on the income statement.

Revenues

6.35 Billion

The financial analysis of NetApp is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for NetApp includes many different criteria found on its balance sheet. For example, investors should never minimize NetApp's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor NetApp's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in NetApp.

NetApp Inc Cash

Chance Of Financial Distress
Less than 28
NetApp Inc has less than 28 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for NetApp stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in NetApp's official financial statements usually reflect NetApp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of NetApp Inc. For example, before you start analyzing numbers published by NetApp accountants, it's critical to develop an understanding of what NetApp's liquidity, profitability, and earnings quality are in the context of the Technology space in which it operates.
Please note, the presentation of NetApp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NetApp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in NetApp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of NetApp Inc. Please utilize our Beneish M Score to check the likelihood of NetApp's management to manipulate its earnings.

NetApp Company Summary

NetApp competes with Akamai Technologies, Baidu Inc, Broadridge Financial, Baozun Inc, and CDW Corp. 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.
Specialization
IT, Search Cloud And Integrated IT Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0001002047
ISINUS64110D1046
RegionNorth America
Business Address3060 Olsen Drive,
SectorTechnology
IndustryComputer Hardware
BenchmarkDOW
Websitewww.netapp.com
Phone408 822 6000
CurrencyUSD - US Dollar
You should never invest in NetApp without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of NetApp Stock, because this is throwing your money away. Analyzing the key information contained in NetApp's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

NetApp Key Financial Ratios

Generally speaking, NetApp's financial ratios allow both analysts and investors to convert raw data from NetApp's financial statements into concise, actionable information that can be used to evaluate the performance of NetApp over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that NetApp Inc reports annually and quarterly.

NetApp Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining NetApp's current stock value. Our valuation model uses many indicators to compare NetApp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NetApp competition to find correlations between indicators driving NetApp's intrinsic value. More Info.
NetApp Inc is considered to be number one stock in cash and equivalents category among related companies. It is considered to be number one stock in market capitalization category among related companies creating about  4.70  of Market Capitalization per Cash and Equivalents. NetApp Cash and Equivalents is very stable at the moment as compared to the past year. NetApp reported last year Cash and Equivalents of 4.11 Billion. Comparative valuation analysis is a catch-all model that can be used if you cannot value NetApp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NetApp's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NetApp's earnings, one of the primary drivers of an investment's value.

NetApp Inc Systematic Risk

NetApp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. NetApp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on NetApp Inc correlated with the market. If Beta is less than 0 NetApp generally moves in the opposite direction as compared to the market. If NetApp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NetApp Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NetApp is generally in the same direction as the market. If Beta > 1 NetApp moves generally in the same direction as, but more than the movement of the benchmark.
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About NetApp Financials

What exactly are NetApp Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include NetApp's income statement, its balance sheet, and the statement of cash flows. Potential NetApp investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although NetApp investors may use each financial statement separately, they are all related. The changes in NetApp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NetApp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as NetApp is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of NetApp has grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

NetApp Thematic Clasifications

NetApp Inc is part of several thematic ideas from SRI Sustainable Growth to Computers. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
SRI Sustainable Growth Idea
SRI Sustainable GrowthView
Computers Idea
ComputersView

NetApp November 28, 2022 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of NetApp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of NetApp Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of NetApp Inc based on widely used predictive technical indicators. In general, we focus on analyzing NetApp Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NetApp's daily price indicators and compare them against related drivers.
Downside Deviation1.91
Information Ratio6.0E-4
Maximum Drawdown12.48
Value At Risk(3.09)
Potential Upside3.77
Additionally, see Correlation Analysis. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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When running NetApp Inc 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 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 YOY
0.091
Market Capitalization
16.2 B
Quarterly Revenue Growth YOY
0.092
Return On Assets
0.0807
Return On Equity
1.38
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 NetApp value 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.