Netapp Inc Stock Performance

NTAP Stock  USD 97.95  2.19  2.19%   
NetApp has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.5, 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. NetApp Inc right now secures a risk of 2.57%. Please verify NetApp Inc potential upside, as well as the relationship between the kurtosis and day typical price , to decide if NetApp Inc will be following its current price movements.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in NetApp Inc are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Even with relatively uncertain basic indicators, NetApp may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more

Actual Historical Performance (%)

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All Time Return
7.6 K
Forward Dividend Yield
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Begin Period Cash Flow4.1 B
Total Cashflows From Investing Activities-1.4 B

NetApp Relative Risk vs. Return Landscape

If you would invest  8,820  in NetApp Inc on January 21, 2024 and sell it today you would earn a total of  975.00  from holding NetApp Inc or generate 11.05% return on investment over 90 days. NetApp Inc is currently generating 0.1938% in daily expected returns and assumes 2.5688% risk (volatility on return distribution) over the 90 days horizon. In different words, 22% of stocks are less volatile than NetApp, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
Given the investment horizon of 90 days NetApp is expected to generate 4.19 times more return on investment than the market. However, the company is 4.19 times more volatile than its market benchmark. It trades about 0.08 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.1 per unit of 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 = 0.0754

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Estimated Market Risk

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78% of assets are more volatile

Expected Return

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97% of assets have higher returns

Risk-Adjusted Return

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95% of assets perform better
Based on monthly moving average NetApp is performing at about 5% 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.

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 ReportedProjected 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
Latest headline from NetApp Up 51 percent in a Year Will the Rally Continue
Evaluating NetApp's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate NetApp's stock performance include:
  • 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.
It's essential to remember that evaluating NetApp's stock performance is not an exact science, and many factors can impact NetApp's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether NetApp Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NetApp Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Netapp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Netapp Inc Stock:
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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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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.
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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.
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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.