NetApp Fundamentals

NTAP Stock  USD 65.79  0.58  0.87%   
NetApp Inc fundamentals help investors to digest information that contributes to NetApp's financial success or failures. It also enables traders to predict the movement of NetApp Stock. The fundamental analysis module provides a way to measure NetApp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NetApp stock.
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NetApp Research and Development Expense is very stable at the moment as compared to the past year. NetApp reported last year Research and Development Expense of 616.05 Million. As of 27th of January 2023, Selling General and Administrative Expense is likely to grow to about 2.1 B, while Operating Income is likely to drop about 786.5 M.

NetApp Shares Outstanding Analysis

NetApp's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
 2015 2020 2022 2023 (projected)
Consolidated Income819 M400.4 M460.46 M568.46 M
Direct Expenses1.79 B2.1 B1.93 B1.91 B
Shares Outstanding 
 = 
Public Shares 
Repurchased 
More About Shares Outstanding | All Equity Analysis

Current NetApp Shares Outstanding

    
  215.57 M  
Most of NetApp's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NetApp Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

NetApp Shares Outstanding Historical Pattern

Today, most investors in NetApp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various NetApp's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of NetApp shares outstanding as a starting point in their analysis.
   NetApp Shares Outstanding   
       Timeline  
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Compare to competition

Based on the latest financial disclosure, NetApp Inc has 215.57 M of shares currently outstending. This is 13.51% higher than that of the Technology Hardware, Storage & Peripherals sector and significantly higher than that of the Information Technology industry. The shares outstanding for all United States stocks is 62.3% higher than that of the company.

NetApp Inc Fundamental Drivers 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 gross profit category among related companies. It is regarded second in total asset category among related companies fabricating about  2.38  of Total Asset per Gross Profit. NetApp Gross Profit is very stable at the moment as compared to the past year. NetApp reported last year Gross Profit of 2.9 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 Price to Book Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NetApp's direct or indirect competition against its Price to Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NetApp could also be used in its relative valuation, which is a method of valuing NetApp by comparing valuation metrics of similar companies.
NetApp is currently under evaluation in price to book category among related companies.

NetApp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, NetApp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NetApp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

NetApp Fundamentals

About NetApp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze NetApp Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NetApp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NetApp Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2023
Deferred Revenue2.2 B2.9 B
Cost of Revenue1.6 B2.1 B
Revenues5.7 B5.4 B
Revenue to Assets 0.61  0.59 
Revenue Per Employee513.7 K486.2 K

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Our tools can tell you how much better you can do entering a position in NetApp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see NetApp Piotroski F Score and NetApp Altman Z Score 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for NetApp Stock analysis

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
2.48
Market Capitalization
14.2 B
Quarterly Revenue Growth
0.062
Return On Assets
0.0791
Return On Equity
1.5043
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.