NetApp Stock Quote Today

NTAP
 Stock
  

USD 63.08  1.58  2.44%   

Market Performance
0 of 100
Odds Of Distress
Less than 12
NetApp is selling at 63.08 as of the 7th of December 2022; that is -2.44 percent down since the beginning of the trading day. The stock's last reported lowest price was 62.76. NetApp has less than a 12 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for NetApp Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of November 2022 and ending today, the 7th of December 2022. Click here to learn more.
CUSIP
64120L104
Fiscal Year End
April
Business Domain
Technology Hardware & Equipment
IPO Date
21st of November 1995
Category
Technology
Classification
Information Technology
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. The company has 215.57 M outstanding shares of which 5.68 M shares are now shorted by private and institutional investors with about 3.87 trading days to cover. More on NetApp Inc

Moving together with NetApp

+0.63CIENCiena Corp Earnings Call TomorrowPairCorr
+0.64HPEHewlett Packard Ente Aggressive PushPairCorr

Moving against NetApp

-0.53ROGRogers Tech BoostPairCorr
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

NetApp Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. NetApp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NetApp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
NetApp Inc generated a negative expected return over the last 90 days
Over 94.0% of the company shares are owned by institutional investors
On 26th of October 2022 NetApp paid $ 0.5 per share dividend to its current shareholders
Latest headline from news.google.com: NETAPP, INC. Managements Discussion and Analysis of Financial Condition and Results of Operations. - Marketscreener.com
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, 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
CEO and DirectorGeorge Kurian
Thematic Ideas
(view all).
Fama & French Classification
Average Analyst Recommendation
Analysts covering NetApp report their recommendations after researching NetApp's financial statements, talking to executives and customers, or listening in on NetApp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering NetApp Inc. The NetApp consensus assessment is calculated by taking the average forecast from all of the analysts covering NetApp.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of NetApp Inc based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of NetApp Inc financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted239.5 M229 M
Sufficiently Up
Decreasing
Slightly volatile
Weighted Average Shares234.2 M223 M
Sufficiently Up
Decreasing
Slightly volatile
Return on Average Assets9.649.6668
Slightly Down
Increasing
Slightly volatile
Net Cash Flow from Operations1.3 B1.2 B
Significantly Up
Decreasing
Stable
Current Liabilities3.9 BB
Fairly Down
Increasing
Slightly volatile
Total Liabilities9.4 B9.2 B
Fairly Up
Increasing
Slightly volatile
Gross Margin70.1166.7933
Sufficiently Up
Increasing
Slightly volatile
Total Debt1.6 B1.3 B
Significantly Up
Decreasing
Very volatile
Asset Turnover0.70.6536
Notably Up
Increasing
Slightly volatile
Current Assets6.3 B5.9 B
Notably Up
Decreasing
Slightly volatile
Total Assets10.2 B10 B
Fairly Up
Increasing
Very volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of NetApp's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
NetApp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to NetApp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
NetApp's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of NetApp's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand NetApp's financial leverage. It provides some insight into what part of NetApp's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on NetApp's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how NetApp deploys its capital and how much of that capital is borrowed.
Liquidity
NetApp cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 2.39 B in liabilities with Debt to Equity (D/E) ratio of 4.51, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. NetApp Inc has a current ratio of 1.35, which is within standard range for the sector. Debt can assist NetApp until it has trouble settling it off, either with new capital or with free cash flow. So, NetApp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NetApp Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NetApp to invest in growth at high rates of return. When we think about NetApp's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

1.34 Billion
NetApp Inc (NTAP) is traded on NASDAQ Exchange in USA and employs 12,000 people. NetApp is listed under Technology Hardware, Storage & Peripherals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 13.6 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 Inc conducts business under Technology Hardware, Storage & Peripherals sector and is part of Information Technology industry. The entity has 215.57 M outstanding shares of which 5.68 M shares are now shorted by private and institutional investors with about 3.87 trading days to cover. NetApp Inc currently holds about 3.45 B in cash with 1.21 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 15.85.
Check NetApp Probability Of Bankruptcy
Ownership
NetApp Inc holds a total of 215.57 Million outstanding shares. The majority of NetApp outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in NetApp Inc to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in NetApp Inc. Please pay attention to any change in the institutional holdings of NetApp as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check NetApp Ownership Details

NetApp Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of NetApp jumping above the current price in 90 days from now is about 88.48%. The NetApp Inc probability density function shows the probability of NetApp stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.004. This indicates NetApp Inc market returns are highly reactive to returns on the market. As the market goes up or down, NetApp is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. NetApp Inc is significantly underperforming NYSE Composite.
  Odds Below 63.08HorizonTargetOdds Above 63.08
11.41%90 days
 63.08 
88.48%
Based on a normal probability distribution, the odds of NetApp to move above the current price in 90 days from now is about 88.48 (This NetApp Inc probability density function shows the probability of NetApp Stock to fall within a particular range of prices over 90 days) .

NetApp Historical Income Statement

NetApp Inc Income Statement is one of the three primary financial statements used for reporting NetApp's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of NetApp Inc revenue and expense. NetApp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of 7th of December 2022, Consolidated Income is likely to grow to about 568.5 M. Also, Cost of Revenue is likely to grow to about 2.1 B View More Fundamentals

NetApp Stock Against Markets

Picking the right benchmark for NetApp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NetApp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NetApp is critical whether you are bullish or bearish towards NetApp Inc at a given time.

Be your own money manager

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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NetApp Corporate Directors

NetApp corporate directors refer to members of a NetApp board of directors. The board of directors generally takes responsibility for the NetApp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of NetApp's board members must vote for the resolution. The NetApp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Scott Schenkel - DirectorProfile
Alan Earhart - Independent DirectorProfile
Thomas Nevens - Lead Independent DirectorProfile
Deborah Kerr - DirectorProfile

Invested in NetApp Inc?

The danger of trading NetApp Inc is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NetApp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NetApp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NetApp Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Correlation 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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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 YOY
2.48
Market Capitalization
13.6 B
Quarterly Revenue Growth YOY
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.