NetApp Stock Analysis

NTAP Stock  USD 61.06  0.47  0.76%   
The latest indifference towards the small price fluctuations of NetApp Inc may encourage retail investors to take a closer look at the firm as it is trading at a share price of 61.06 on very low momentum in trading volume. The company executives did not add any value to NetApp Inc investors in February. However, most investors can still diversify their portfolios with NetApp Inc to hedge their inherited risk against high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 1.5. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.
Check out Correlation Analysis. To learn how to invest in NetApp Stock please use our How to Invest in NetApp guide.
The main objective of NetApp stock analysis is to determine its intrinsic value, which is an estimate of what NetApp Inc is worth, separate from its market price. There are two main types of NetApp's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect NetApp's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of NetApp's stock to identify patterns and trends that may indicate its future price movements.
The NetApp stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. NetApp is usually not traded on Thanksgiving Day, Christmas Day, Christmas Day ( substitute day ), New Year 's Monday, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. NetApp Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and NetApp's ongoing operational relationships across important fundamental and technical indicators.

NetApp Stock Analysis Notes

About 93.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 1.06. NetApp Inc recorded earning per share (EPS) of 5.75. The entity last dividend was issued on the 5th of April 2023. The firm had 2:1 split on the 23rd of March 2000. 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. To find out more about NetApp Inc contact George Kurian at 408 822 6000 or learn more at

NetApp Quarterly Cost of Revenue

525 Million

NetApp Inc Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. NetApp's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding NetApp Inc or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
NetApp Inc has a strong financial position based on the latest SEC filings
Over 93.0% of the company shares are owned by institutional investors
Latest headline from NetApp Down 7.1 percent Since Last Earnings Report Can It Rebound

NetApp Inc Upcoming and Recent Events

Earnings reports are used by NetApp to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to NetApp previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
7th of June 2023
Upcoming Quarterly Report
23rd of August 2023
Next Financial Report
30th of April 2023
Next Fiscal Quarter End
7th of June 2023
Next Fiscal Year End
31st of January 2023
Last Quarter Report
30th of April 2022
Last Financial Announcement

NetApp SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. NetApp prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that NetApp investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial NetApp Inc specific information freely available to individual and institutional investors to make a timely investment decision.
22nd of February 2023
Financial Statements and Exhibits. Results of Operations and Financial Condition
13th of February 2023
Unclassified Corporate Event
9th of February 2023
Unclassified Corporate Event
3rd of February 2023
Unclassified Corporate Event
31st of January 2023
Financial Statements and Exhibits. Regulation FD Disclosure. Cost Associated with Exit or Disposal Activities
29th of November 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
16th of November 2022
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
14th of September 2022
Submission of Matters to a Vote of Security Holders

NetApp Thematic Classifications

In addition to having NetApp stock in your portfolios, you can 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 favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
SRI Sustainable Growth Idea
SRI Sustainable Growth
Large and mid-sized companies that operate under the guidelines of socially responsible investing - SRI
Computers Idea
USA Equities from Computers industry as classified by Fama & French

NetApp Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as NetApp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading NetApp Inc backward and forwards among themselves. NetApp's institutional investor refers to the entity that pools money to purchase NetApp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Last TransactionTypeSharesValue
Vanguard Group Inc2022-12-31Common Shares28 M1.7 B
Primecap Management Co2022-12-31Common Shares16.1 M969.4 M
State Street Corp2022-12-31Common Shares9.1 M547.1 M
Wellington Management Group Llp2022-12-31Common Shares5.1 M307.4 M
Geode Capital Management Llc2022-12-31Common Shares4.6 M276.2 M
Ninety One Uk Ltd2022-03-31Common Shares2.8 M232.2 M
Point72 Asset Management Lp2022-12-31Common Shares2.9 M173 M
Northern Trust Corp2022-12-31Common Shares2.3 M141.1 M
Invesco Ltd2022-12-31Common Shares2.3 M139 M
Morgan Stanley2022-12-31Common Shares2.3 M138.4 M
Norges Bank2022-12-31Common Shares2.3 M138.4 M
Note, although NetApp's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

NetApp Market Capitalization

The company currently falls under 'Large-Cap' category with a current market capitalization of 13.06 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NetApp's market, we take the total number of its shares issued and multiply it by NetApp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

NetApp Profitablity

NetApp's profitability indicators refer to fundamental financial ratios that showcase NetApp's ability to generate income relative to its revenue or operating costs. If, let's say, NetApp is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, NetApp's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of NetApp's profitability requires more research than a typical breakdown of NetApp's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.2 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.18 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.18.
Last ReportedProjected for 2023
Return on Investment 37.19  40.13 
Return on Average Assets 0.08  0.08 
Return on Average Equity 1.61  1.74 
Return on Invested Capital 0.43  0.40 
Return on Sales 0.17  0.17 

Management Efficiency

The entity has return on total asset (ROA) of 0.0741 % which means that it generated profit of $0.0741 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 1.2984 %, meaning that it created $1.2984 on every $100 dollars invested by stockholders. NetApp management efficiency ratios could be used to measure how well netapp inc manages its routine affairs as well as how well it operates its assets and liabilities. 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 03/26/2023, Return on Average Assets is likely to grow to 0.08, while Return on Invested Capital is likely to drop 0.40. As of 03/26/2023, Current Liabilities is likely to grow to about 3.9 B, while Total Liabilities is likely to drop slightly above 8.6 B.
Last ReportedProjected for 2023
Book Value per Share 3.09  3.17 
Enterprise Value over EBIT 16.00  14.74 
Enterprise Value over EBITDA 12.65  11.30 
Price to Book Value 24.27  19.40 
Tangible Assets Book Value per Share 32.52  33.21 
Enterprise Value15.5 B15.2 B
Tangible Asset Value7.2 B7.1 B
The analysis of NetApp's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze NetApp's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of NetApp Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Long Term Debt Total
2.4 B
Non Current Liabilities Total
5.2 B
Forward Dividend Yield
Short Long Term Debt Total
2.9 B
Forward Dividend Rate

Technical Drivers

As of the 26th of March, NetApp secures the Downside Deviation of 1.41, risk adjusted performance of 0.0488, and Mean Deviation of 1.13. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NetApp Inc, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze nineteen technical drivers for NetApp, which can be compared to its peers in the industry. Please verify NetApp Inc information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if NetApp Inc is priced some-what accurately, providing market reflects its recent price of 61.06 per share. Given that NetApp Inc has jensen alpha of 0.088, we recommend you to check NetApp's last-minute market performance to make sure the company can sustain itself at a future point.

NetApp Inc Price Movement Analysis

The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Double Exponential Moving Average indicator was developed by Patrick Mulloy. It consists of a single exponential moving average and a double exponential moving average. This indicator is more responsive to NetApp Inc changes than the simple moving average.

NetApp Inc Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific NetApp insiders, such as employees or executives, is commonly permitted as long as it does not rely on NetApp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases NetApp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

NetApp Outstanding Bonds

NetApp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. NetApp Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most NetApp bonds can be classified according to their maturity, which is the date when NetApp Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

NetApp Technical and Predictive Indicators

NetApp Forecast Models

NetApp time-series forecasting models is one of many NetApp's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary NetApp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About NetApp Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how NetApp prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling NetApp shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as NetApp. By using and applying NetApp Stock analysis, traders can create a robust methodology for identifying NetApp entry and exit points for their positions.
Last ReportedProjected for 2023
Operating Margin 15.23  13.69 
EBITDA Margin 0.24  0.24 
Gross Margin 0.66  0.71 
Profit Margin 0.13  0.12 

Current NetApp Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. NetApp analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. NetApp analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
NetApp Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most NetApp analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand NetApp stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of NetApp Inc, talking to its executives and customers, or listening to NetApp conference calls.
NetApp Analyst Advice Details

NetApp Stock Analysis Indicators

NetApp Inc stock analysis indicators help investors evaluate how NetApp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading NetApp shares will generate the highest return on investment. By understating and applying NetApp stock analysis, traders can identify NetApp position entry and exit signals to maximize returns.
Begin Period Cash Flow4.5 B
Total Stockholder Equity838 M
Property Plant And Equipment Net896 M
Retained Earnings122 M
Cash And Short Term Investments4.1 B
Retained Earnings Total Equity122 M
Cash4.1 B
50 Day M A65.0702
Total Current LiabilitiesB
Forward Price Earnings12.0773
Common Stock Total Equity760 M
Stock Based Compensation245 M
Common Stock Shares Outstanding229 M
Total Cashflows From Investing Activities-561 M
Tax Provision158 M
Quarterly Earnings Growth Y O Y-0.727
Accounts Payable607 M
Net Debt-1.2 B
Other Operating Expenses5.1 B
Non Current Assets Total4.1 B
Non Currrent Assets Other335 M
Check out Correlation Analysis. To learn how to invest in NetApp Stock please use our How to Invest in NetApp guide. 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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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
Dividend Share
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
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.