NetApp Competitors

NTAP Stock  USD 61.47  0.51  0.82%   
NetApp Inc competes with Applied Opt, Adc Therapeutics, ADTRAN, Airgain, and Akoustis Technologies; as well as few others. The company conducts business under Technology Hardware, Storage & Peripherals sector and is part of Information Technology industry. Analyzing NetApp competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of NetApp to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of NetApp competition on your existing holdings. Additionally, see NetApp Correlation with its peers.
  
NetApp Return on Investment is relatively stable at the moment as compared to the past year. NetApp reported last year Return on Investment of 37.19. As of 03/20/2023, Return on Average Assets is likely to grow to 0.08, while Return on Invested Capital is likely to drop 0.40. NetApp Assets Non Current are relatively stable at the moment as compared to the past year. NetApp reported last year Assets Non Current of 3.36 Billion. As of 03/20/2023, Net Current Assets as percentage of Total Assets is likely to grow to 31.86, while Goodwill and Intangible Assets are likely to drop slightly above 2.1 B.
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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NetApp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of NetApp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
59.6761.5063.33
Details
Intrinsic
Valuation
LowReal ValueHigh
55.3268.5370.36
Details
Naive
Forecast
LowNext ValueHigh
54.8756.7058.53
Details
20 Analysts
Consensus
LowTarget PriceHigh
58.0073.37100.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NetApp. Your research has to be compared to or analyzed against NetApp's peers to derive any actionable benefits. When done correctly, NetApp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in NetApp Inc.

NetApp Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NetApp and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of NetApp and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of NetApp Inc does not affect the price movement of the other competitor.

Related Correlations

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Risk-Adjusted Indicators

Nowadays, there is a big difference between NetApp Stock performing well and NetApp company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze NetApp's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
AAOI 3.39  0.38  0.08  0.16  3.81  0.07 (4.39)  8.79 (6.10)  29.74 
ADCT 3.94 (0.24)  0.00 (0.30)  0.00 (0.0436)  0.00  8.43 (7.30)  33.33 
ADTN 1.77 (0.28)  0.00 (0.29)  0.00 (0.14)  0.00  3.45 (3.53)  9.49 
AIRG 2.27 (0.24)  0.00 (0.24)  0.00 (0.07)  0.00  4.85 (5.02)  29.79 
AKTS 4.10  0.12  0.00 (0.04)  0.00 (0.0035)  0.00  7.02 (8.75)  29.27 
ANET 1.70  0.45  0.20  0.32  1.78  0.20 (1.76)  4.01 (3.03)  8.12 
APDN 3.65 (0.31)  0.00 (13.90)  0.00 (0.0368)  0.00  5.10 (9.03)  44.04 
APH 1.08  0.05  0.00 (0.05)  0.00  0.0226  0.00  2.21 (2.01)  6.59 

Cross Equities Net Income Analysis

Compare NetApp Inc and related stocks such as Applied Opt, Adc Therapeutics, ADTRAN Inc, Airgain, Akoustis Technologies, Arista Networks, Applied DNA Sciences, and Amphenol Net Income Over Time
Select Fundamental

20102011201220132014201520162017201820192020202120222023
AAOI(945 K)(945 K)(945 K)(1.4 M)4.3 M10.8 M31.2 M74 M(2.1 M)(66 M)(58.5 M)(54.2 M)(66.4 M)(68.1 M)
ADCT(123.1 M)(123.1 M)(123.1 M)(123.1 M)(123.1 M)(123.1 M)(123.1 M)(123.1 M)(123.1 M)(116.5 M)(246.3 M)(230 M)(155.8 M)(168.1 M)
ADTN47.3 M47.3 M47.3 M45.8 M44.6 M18.6 M35.2 M23.8 M(19.3 M)(53 M)2.4 M(8.6 M)(2 M)(2.1 M)
AIRG3.6 M3.6 M3.6 M3.6 M3.6 M(270.3 K)3.7 M1.1 M(2.6 M)926 K(3.3 M)(10.1 M)(9.1 M)(9.3 M)
AKTS(1.2 M)(1.2 M)(1.2 M)(1.2 M)(1.2 M)(5.4 M)(9.8 M)(21.7 M)(29.2 M)(36.1 M)(44.2 M)(59 M)(27 K)(29.1 K)
ANET9.6 M9.6 M9.6 M20.8 M68.9 M119.1 M183 M422.4 M327.9 M859.4 M634.6 M840.9 M1.4 B1.5 B
APDN(7.2 M)(7.2 M)(17.7 M)(13.1 M)(11.9 M)(12.2 M)(12.9 M)(11.7 M)(8.6 M)(13 M)(14.3 M)(8.3 M)(9.5 M)(10.3 M)
APH555.3 M555.3 M555.3 M635.7 M709.1 M763.5 M822.9 M650.5 M1.2 B1.2 B1.2 B1.6 B1.9 B1.6 B

NetApp Inc and related stocks such as Applied Opt, Adc Therapeutics, ADTRAN Inc, Airgain, Akoustis Technologies, Arista Networks, Applied DNA Sciences, and Amphenol Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in NetApp Inc financial statement analysis. It represents the amount of money remaining after all of NetApp Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

NetApp Competitive Analysis

The better you understand NetApp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NetApp's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across NetApp's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NTAPAAOIADCTADTNAIRGAKTSANETAPDNAPH
 0.82 
 61.47 
NetApp
 4.84 
 2.36 
Applied
 2.61 
 2.24 
Adc Therapeutics
 1.41 
 15.37 
ADTRAN
 5.95 
 5.22 
Airgain
 8.75 
 2.92 
Akoustis
 0.36 
 163.26 
Arista
 3.81 
 1.09 
Applied
 1.20 
 76.79 
Amphenol
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NetApp Competition Performance Charts

Five steps to successful analysis of NetApp Competition

NetApp's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by NetApp Inc in relation to its competition. NetApp's competition analysis typically involves several steps, including::
  • Identifying the key players in the market: This involves identifying the major competitors of NetApp in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact NetApp's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NetApp Inc, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your NetApp position

In addition to having NetApp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Data Storage Theme
Companies making data storages or providing data storage services. The Data Storage theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Data Storage Theme or any other thematic opportunities.
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Additionally, see NetApp Correlation with its peers. 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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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
(0.73) 
Dividend Share
2
Earnings Share
5.83
Revenue Per Share
29.469
Quarterly Revenue Growth
(0.06) 
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.