Netapp Inc Stock Performance
| NTAP Stock | USD 99.42 1.51 1.54% |
On a scale of 0 to 100, NetApp holds a performance score of 6. The company secures a Beta (Market Risk) of 1.43, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NetApp will likely underperform. Please check NetApp's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether NetApp's current price movements will revert.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in NetApp Inc are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Even with relatively unfluctuating basic indicators, NetApp reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 0.51 | Five Day Return 0.0901 | Year To Date Return 15.91 | Ten Year Return 180.54 | All Time Return 7.7 K |
Forward Dividend Yield 0.0201 | Payout Ratio 0.3221 | Last Split Factor 2:1 | Forward Dividend Rate 2 | Dividend Date 2024-04-24 |
1 | Riassunto NetApp mette in grado i clienti di parlare ai loro dati in tutta sicurezza in collaborazione con NVIDIA | 03/18/2024 |
2 | NetAppNVIDIA | 03/19/2024 |
3 | Disposition of 2341 shares by De Lorenzo Daniel of NetApp subject to Rule 16b-3 | 04/08/2024 |
4 | Samenvatting NetApp wint Google Cloud Technology Partner of the Year Award voor Infrastructuur - Opslag | 04/09/2024 |
5 | NetApp Partners with Google Cloud to Maximize Flexibility for Cloud Data Storage | 04/10/2024 |
6 | Riassunto NetApp stringe una partnership con Google Cloud finalizzata a massimizzare la flessibilit per larchiviazione di dati sul cloud | 04/11/2024 |
7 | Ringcentral Aids Communication With Giants Partnership | 04/12/2024 |
8 | NetApp CEO George Kurian sells shares worth over 876k | 04/17/2024 |
9 | Competitor Analysis Evaluating Super Micro Computer And Competitors In Technology Hardware, Storage Peripherals Industry | 04/18/2024 |
| NetApp dividend paid on 24th of April 2024 | 04/24/2024 |
| Begin Period Cash Flow | 4.1 B | |
| Total Cashflows From Investing Activities | -1.4 B |
NetApp |
NetApp Relative Risk vs. Return Landscape
If you would invest 8,882 in NetApp Inc on January 25, 2024 and sell it today you would earn a total of 1,060 from holding NetApp Inc or generate 11.93% return on investment over 90 days. NetApp Inc is currently generating 0.2095% in daily expected returns and assumes 2.5926% risk (volatility on return distribution) over the 90 days horizon. In different words, 22% of stocks are less volatile than NetApp, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
NetApp Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NetApp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NetApp Inc, and traders can use it to determine the average amount a NetApp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0808
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NTAP | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.59 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average NetApp is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NetApp by adding it to a well-diversified portfolio.
NetApp Fundamentals Growth
NetApp Stock prices reflect investors' perceptions of the future prospects and financial health of NetApp, and NetApp fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NetApp Stock performance.
| Return On Equity | 0.9 | ||||
| Return On Asset | 0.0802 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 19.94 B | ||||
| Shares Outstanding | 206.38 M | ||||
| Price To Earning | 17.90 X | ||||
| Price To Book | 21.14 X | ||||
| Price To Sales | 3.40 X | ||||
| Revenue | 6.36 B | ||||
| Gross Profit | 4.21 B | ||||
| EBITDA | 1.55 B | ||||
| Net Income | 1.27 B | ||||
| Cash And Equivalents | 3.45 B | ||||
| Cash Per Share | 15.85 X | ||||
| Total Debt | 2.39 B | ||||
| Debt To Equity | 4.51 % | ||||
| Current Ratio | 1.38 X | ||||
| Book Value Per Share | 4.83 X | ||||
| Cash Flow From Operations | 1.11 B | ||||
| Earnings Per Share | 4.39 X | ||||
| Market Capitalization | 20.52 B | ||||
| Total Asset | 9.82 B | ||||
| Retained Earnings | 265 M | ||||
| Working Capital | 1.21 B | ||||
| Current Asset | 6.45 B | ||||
| Current Liabilities | 3.66 B | ||||
About NetApp Performance
To evaluate NetApp Inc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when NetApp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare NetApp Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand NetApp Inc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents NetApp's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 21.57 | 33.52 | |
| Return On Tangible Assets | 0.10 | 0.07 | |
| Return On Capital Employed | 0.17 | 0.11 | |
| Return On Assets | 0.08 | 0.08 | |
| Return On Equity | 1.07 | 1.12 |
Things to note about NetApp Inc performance evaluation
Checking the ongoing alerts about NetApp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NetApp Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Over 95.0% of the company shares are owned by institutional investors | |
| On 24th of April 2024 NetApp paid $ 0.5 per share dividend to its current shareholders | |
| Latest headline from benzinga.com: Competitor Analysis Evaluating Super Micro Computer And Competitors In Technology Hardware, Storage Peripherals Industry |
- Analyzing NetApp's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NetApp's stock is overvalued or undervalued compared to its peers.
- Examining NetApp's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NetApp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NetApp's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NetApp's stock. These opinions can provide insight into NetApp's potential for growth and whether the stock is currently undervalued or overvalued.
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |
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.