NTAP - NetApp Inc Stock Price, Fair Value and News

108.17USD-1.31 (-1.20%)Delayed as of 09 May 2024, 01:59 pm ET

Market Summary

USD108.17-1.31

Delayedas of 09 May 2024, 01:59 pm

-1.20%

NTAP Alerts

2 major insider sales recently.

Big jump in Earnings (Y/Y)

NTAP Stock Price

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NTAP RSI Chart

NTAP Valuation

Market Cap

2.3B

Price/Earnings (Trailing)

2.4

Price/Sales (Trailing)

0.37

EV/EBITDA

1.67

Price/Free Cashflow

1.95

NTAP Price/Sales (Trailing)

NTAP Profitability

Operating Margin

64.21%

EBT Margin

19.37%

Return on Equity

94.57%

Return on Assets

10.03%

Free Cashflow Yield

51.29%

NTAP Fundamentals

NTAP Revenue

Revenue (TTM)

6.2B

Rev. Growth (Yr)

5.24%

Rev. Growth (Qtr)

2.82%

NTAP Earnings

Earnings (TTM)

940.0M

Earnings Growth (Yr)

381.54%

Earnings Growth (Qtr)

34.33%

Breaking Down NTAP Revenue

52 Week Range

62.42109.68

(Low)(High)

Last 7 days

8.4%

Last 30 days

3.5%

Last 90 days

23.1%

Trailing 12 Months

71.8%

How does NTAP drawdown profile look like?

NTAP Financial Health

Current Ratio

1.15

Debt/Equity

Debt/Cashflow

0.66

NTAP Investor Care

Dividend Yield

1.83%

Dividend/Share (TTM)

Buy Backs (1Y)

90.35%

Diluted EPS (TTM)

4.39

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	6.2B	0	0	0
2023	6.5B	6.4B	6.2B	6.1B
2022	6.2B	6.3B	6.5B	6.5B
2021	5.6B	5.7B	5.9B	6.0B
2020	5.6B	5.4B	5.5B	5.5B
2019	6.2B	6.1B	5.9B	5.8B
2018	5.7B	5.9B	6.1B	6.2B
2017	5.4B	5.5B	5.5B	5.6B
2016	5.7B	5.5B	5.5B	5.4B
2015	6.2B	6.1B	6.0B	5.9B
2014	6.4B	6.3B	6.3B	6.3B
2013	6.3B	6.3B	6.4B	6.4B
2012	6.0B	6.2B	6.2B	6.3B
2011	4.9B	5.1B	5.4B	5.7B
2010	3.8B	3.9B	4.2B	4.6B
2009	0	3.4B	3.5B	3.7B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of NetApp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 15, 2024	kurian george	sold	-876,838	103	-8,500	ceo
Apr 15, 2024	berry michael j	acquired	-	-	29,220	evp, cfo
Apr 15, 2024	berry michael j	sold (taxes)	-1,062,290	102	-10,377	evp, cfo
Apr 10, 2024	o'callahan elizabeth m	sold	-89,730	103	-871	evp, chief legal officer
Apr 01, 2024	cernuda cesar	sold	-2,310,660	105	-22,000	president
Mar 19, 2024	kurian george	sold	-862,218	101	-8,500	ceo
Mar 13, 2024	berry michael j	sold	-765,000	102	-7,500	evp, cfo
Mar 12, 2024	berry michael j	sold	-770,614	102	-7,500	evp, cfo
Mar 11, 2024	o'callahan elizabeth m	sold	-89,582	102	-871	evp, chief legal officer
Feb 15, 2024	berry michael j	sold (taxes)	-62,136	87.27	-712	evp finance & operations, cfo

Which funds bought or sold NTAP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	CIM INVESTMENT MANAGEMENT INC	unchanged	-	115,417	720,724	0.22%
May 07, 2024	M&T Bank Corp	reduced	-4.56	157,577	1,313,070	-%
May 07, 2024	Donoghue Forlines LLC	new	-	371,594	371,594	0.11%
May 07, 2024	ClariVest Asset Management LLC	sold off	-100	-2,381	-	-%
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-11.74	768,000	15,861,000	0.02%
May 07, 2024	FORSTA AP-FONDEN	added	5.00	1,632,330	8,156,170	0.07%
May 07, 2024	OPPENHEIMER & CO INC	reduced	-68.2	-891,974	543,535	0.01%
May 07, 2024	Reynders McVeigh Capital Management, LLC	unchanged	-	80,000	499,000	0.03%
May 07, 2024	Illinois Municipal Retirement Fund	reduced	-28.21	-3,078,000	18,114,000	0.28%
May 07, 2024	WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC	unchanged	-	111,231	694,586	0.02%

Are Funds Buying or Selling NTAP?

Are funds buying NTAP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own NTAP

No. of Funds

Unveiling NetApp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	12.65%	26,061,347	SC 13G/A
Feb 12, 2024	primecap management co/ca/	7.14%	14,709,824	SC 13G/A
Feb 09, 2024	capital international investors	2.6%	5,349,631	SC 13G/A
Jan 24, 2024	blackrock inc.	9.2%	18,873,091	SC 13G/A
Feb 13, 2023	capital international investors	5.7%	12,240,689	SC 13G/A
Feb 09, 2023	vanguard group inc	12.99%	28,009,270	SC 13G/A
Feb 09, 2023	primecap management co/ca/	7.49%	16,141,234	SC 13G/A
Feb 03, 2023	blackrock inc.	8.5%	18,300,508	SC 13G/A
Feb 11, 2022	capital international investors	9.0%	19,929,480	SC 13G/A
Feb 10, 2022	primecap management co/ca/	8.22%	18,267,904	SC 13G/A

Recent SEC filings of NetApp Inc

View All Filings

Date Filed	Form Type	Document
Apr 17, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 15, 2024	144	Notice of Insider Sale Intent
Apr 12, 2024	4	Insider Trading
Apr 10, 2024	144	Notice of Insider Sale Intent
Apr 09, 2024	3	Insider Trading
Apr 09, 2024	8-K	Current Report
Apr 03, 2024	4	Insider Trading
Apr 01, 2024	144	Notice of Insider Sale Intent
Mar 21, 2024	4	Insider Trading

Peers (Alternatives to NetApp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSCO	194.3B	57.2B	-0.56%	3.23%	14.45	3.39	7.66%	18.93%
ANET	91.3B	6.1B	-2.00%	110.40%	39.91	15.02	25.22%	50.89%
HPQ	28.8B	53.1B	0.41%	-2.84%	8.44	0.54	-11.04%	34.01%
HPE	22.3B	29.1B	-5.29%	21.33%	11.03	0.77	2.24%	133.29%
LOGI	13.3B	4.2B	-3.77%	32.07%	27.37	3.13	-11.68%	12.69%
JNPR	11.2B	5.3B	-6.87%	18.83%	50.17	2.1	-2.96%	-55.26%
MID-CAP
UI	6.9B	1.9B	2.13%	-37.81%	18.6	3.69	4.69%	6.86%
BDC	3.7B	2.4B	2.41%	14.65%	20.7	1.55	-8.79%	-36.23%
LITE	2.9B	1.4B	-7.19%	-7.39%	-8.13	2.03	-21.81%	-865.12%
SMALL-CAP
EXTR	1.4B	1.2B	-2.61%	-34.29%	-221.78	1.15	-0.19%	-110.91%
ADTN	432.8M	1.1B	8.32%	-37.84%	-1.62	0.38	12.05%	-13041.29%
AAOI	415.9M	217.6M	-12.37%	502.22%	-7.42	1.91	-2.32%	15.59%
ALOT	136.5M	148.1M	-0.73%	16.53%	29.08	0.92	3.90%	76.40%
AIRG	57.3M	53.8M	-3.06%	-6.92%	-4.77	1.07	-28.06%	-33.67%
AKTS	56.2M	29.7M	-5.08%	-79.34%	-0.81	1.89	39.86%	-13.06%

NetApp Inc News

Latest updates

NetApp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.8%	1,606	1,562	1,432	1,581	1,526	1,663	1,592	1,680	1,614	1,566	1,458	1,555	1,470	1,416	1,303	1,401	1,404	1,371	1,236	1,592	1,563
Gross Profit	3.7%	1,151	1,110	996	1,075	1,001	1,087	1,046	1,089	1,073	1,059	999	1,035	975	933	872	941	941	925	816	1,026	982
Operating Expenses	-2.6%	785	806	818	766	829	805	791	796	752	765	750	580	717	751	736	664	673	629	712	656	671
S&GA Expenses	-4.8%	439	461	468	442	450	479	458	480	461	465	451	447	436	432	429	389	402	389	405	439	401
R&D Expenses	-5.0%	249	262	247	243	230	243	240	235	220	216	210	221	215	212	233	212	211	209	215	205	203
EBITDA Margin	14.7%	0.24*	0.21*	0.21*	0.22*	0.20*	0.22*	0.22*	0.21*	0.24*	0.24*	0.23*	0.21*	-	-	-	-	-	-	-	-	-
Income Taxes	-15.9%	69.00	82.00	37.00	69.00	112	-445	56.00	13.00	54.00	56.00	35.00	102	65.00	38.00	27.00	54.00	-1.00	56.00	16.00	-12.00	70.00
Earnings Before Taxes	21.3%	382	315	186	314	177	305	270	272	306	280	237	436	247	175	104	250	276	299	119	384	319
EBT Margin	19.1%	0.19*	0.16*	0.16*	0.17*	0.16*	0.18*	0.17*	0.17*	0.20*	0.20*	0.19*	0.17*	-	-	-	-	-	-	-	-	-
Net Income	34.3%	313	233	149	245	65.00	750	214	259	252	224	202	334	182	137	77.00	196	277	243	103	396	249
Net Income Margin	34.1%	0.15*	0.11*	0.19*	0.20*	0.20*	0.23*	0.15*	0.15*	0.16*	0.16*	0.14*	0.13*	-	-	-	-	-	-	-	-	-
Free Cashflow	361.9%	448	97.00	418	196	319	137	216	343	199	252	191	521	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.3%	9,369	9,073	9,270	9,818	9,710	9,780	9,544	10,026	9,500	9,222	9,156	9,360	8,686	8,420	8,416	7,522	7,483	7,472	7,811	8,741	8,418
Current Assets	8.4%	4,327	3,993	4,160	4,680	4,540	4,603	4,922	5,945	5,513	5,669	5,631	6,001	5,114	4,821	4,817	4,274	4,218	4,191	4,516	5,610	5,361
Cash Equivalents	-5.9%	1,820	1,934	2,020	2,316	2,646	2,676	3,295	4,119	4,177	4,516	4,500	4,535	3,814	3,536	3,641	2,666	2,711	2,551	2,973	2,331	2,276
Inventory	7.4%	131	122	131	167	175	244	232	204	167	155	108	114	106	116	136	145	113	111	116	131	100
Net PPE	-2.6%	607	623	641	650	667	661	622	602	575	549	533	525	731	737	737	727	740	746	754	759	763
Goodwill	0%	2,759	2,759	2,759	2,759	2,767	2,767	2,767	2,346	2,330	276	2,050	2,039	2,039	2,039	2,038	12.00	1,770	1,770	1,770	-	-
Liabilities	0.9%	8,375	8,303	8,397	8,659	8,608	8,578	8,887	9,188	8,618	8,463	8,436	8,675	8,208	8,050	8,132	7,280	7,201	6,936	6,948	7,651	7,188
Current Liabilities	0.9%	3,765	3,733	3,249	3,467	3,393	3,395	3,575	3,953	3,552	3,195	3,103	3,452	3,050	2,920	2,976	3,616	3,529	3,204	3,175	3,867	3,430
Long Term Debt	0%	1,991	1,991	2,390	2,389	2,388	2,387	2,387	2,386	2,385	2,634	2,633	2,632	2,632	2,631	2,630	1,146	1,146	1,145	1,145	1,144	1,144
LT Debt, Current	0%	400	400	-	-	-	-	250	250	250	-	-	-	-	-	-	-	-	-	400	400	399
LT Debt, Non Current	0%	1,991	1,991	2,390	2,389	2,388	2,387	2,387	2,386	2,385	2,634	2,633	2,632	2,632	2,631	2,630	1,146	1,146	1,145	1,145	1,144	1,144
Shareholder's Equity	29.1%	994	770	873	1,159	1,102	1,202	657	838	882	759	720	685	478	370	284	242	282	536	863	1,090	1,230
Retained Earnings	-	115	-	-	265	268	499	-	122	214	194	204	211	56.00	30.00	-	-	-	-	-	-	-
Shares Outstanding	0%	206	206	209	212	218	217	220	220	223	223	223	222	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	10,276	-	-	-	12,495	-	-	-	5,651	-	-	-	7,100	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	258.5%	484	135	453	235	377	214	281	411	260	298	242	559	373	161	240	383	420	-53.00	310	399	451
Share Based Compensation	-4.3%	89.00	93.00	87.00	74.00	93.00	78.00	67.00	66.00	64.00	62.00	53.00	48.00	46.00	49.00	54.00	35.00	36.00	40.00	42.00	37.00	43.00
Cashflow From Investing	-292.5%	-437	227	-228	-285	-189	-288	-628	-80.00	-396	-31.00	-54.00	341	1.00	-10.00	-311	42.00	111	178	938	183	140
Cashflow From Financing	57.7%	-178	-421	-521	-269	-265	-520	-459	-366	-190	-243	-218	-180	-122	-257	1,003	-440	-372	-545	-603	-514	-688
Dividend Payments	0%	103	103	106	106	108	108	110	111	111	112	112	106	107	107	107	105	108	111	115	97.00	99.00
Buy Backs	-66.7%	100	300	400	150	200	150	350	250	125	125	100	75.00	50.00	-	-	161	500	500	250	500	550

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NTAP Income Statement

2024-01-26

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jan. 26, 2024	Jan. 27, 2023	Jan. 26, 2024	Jan. 27, 2023
Net revenues:
Net revenues	$ 1,606	$ 1,526	$ 4,600	$ 4,781
Cost of revenues:
Total cost of revenues	455	525	1,343	1,647
Gross profit	1,151	1,001	3,257	3,134
Operating expenses:
Sales and marketing	439	450	1,368	1,387
Research and development	249	230	758	713
General and administrative	81	59	230	198
Restructuring charges	13	87	44	109
Acquisition-related expense	3	3	9	18
Total operating expenses	785	829	2,409	2,425
Income from operations	366	172	848	709
Other income, net	16	5	35	43
Income before income taxes	382	177	883	752
Provision (benefit) for income taxes	69	112	188	(277)
Net income	$ 313	$ 65	$ 695	$ 1,029
Net income per share:
Basic	$ 1.52	$ 0.3	$ 3.33	$ 4.72
Diluted	$ 1.48	$ 0.3	$ 3.26	$ 4.66
Shares used in net income per share calculations:
Basic	206	216	209	218
Diluted	211	219	213	221
Product [Member]
Net revenues:
Net revenues	$ 747	$ 682	$ 2,043	$ 2,305
Cost of revenues:
Total cost of revenues	282	367	823	1,182
Service [Member]
Net revenues:
Net revenues	859	844	2,557	2,476
Cost of revenues:
Total cost of revenues	$ 173	$ 158	$ 520	$ 465

NTAP Balance Sheet

2024-01-26

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jan. 26, 2024	Apr. 28, 2023
Current assets:
Cash and cash equivalents	$ 1,820	$ 2,316
Short-term investments	1,097	754
Accounts receivable	787	987
Inventories	131	167
Other current assets	492	456
Total current assets	4,327	4,680
Property and equipment, net	607	650
Goodwill	2,759	2,759
Purchased intangible assets, net	138	181
Other non-current assets	1,538	1,548
Total assets	9,369	9,818
Current liabilities:
Accounts payable	396	392
Accrued expenses	876	857
Current portion of long-term debt	400	0
Short-term deferred revenue and financed unearned services revenue	2,093	2,218
Total current liabilities	3,765	3,467
Long-term debt	1,991	2,389
Other long-term liabilities	585	708
Long-term deferred revenue and financed unearned services revenue	2,034	2,095
Total liabilities	8,375	8,659
Commitments and contingencies (Note 15)
Stockholders' equity:
Common stock and additional paid-in capital, $0.001 par value; 206 and 212 shares issued and outstanding as of January 26, 2024 and April 28, 2023, respectively	934	945
Retained earnings	115	265
Accumulated other comprehensive loss	(55)	(51)
Total stockholders' equity	994	1,159
Total liabilities and stockholders' equity	$ 9,369	$ 9,818

About NetApp Inc

NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. In addition, it provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, and cloud operations services, such as NetApp Cloud Insights, Spot by NetApp, and Instaclustr. Further, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Additionally, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

CEO	Mr. George Kurian
WEBSITE	netapp.com
INDUSTRY	Computer Hardware
EMPLOYEES	12000

NetApp Inc Frequently Asked Questions

What is the ticker symbol for NetApp Inc? What does NTAP stand for in stocks?

NTAP is the stock ticker symbol of NetApp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of NetApp Inc (NTAP)?

As of Wed May 08 2024, market cap of NetApp Inc is 2.26 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NTAP stock?

You can check NTAP's fair value in chart for subscribers.

What is the fair value of NTAP stock?

You can check NTAP's fair value in chart for subscribers. The fair value of NetApp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of NetApp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NTAP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is NetApp Inc a good stock to buy?

The fair value guage provides a quick view whether NTAP is over valued or under valued. Whether NetApp Inc is cheap or expensive depends on the assumptions which impact NetApp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NTAP.

What is NetApp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, NTAP's PE ratio (Price to Earnings) is 2.4 and Price to Sales (PS) ratio is 0.37. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NTAP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on NetApp Inc's stock?

In the past 10 years, NetApp Inc has provided 0.148 (multiply by 100 for percentage) rate of return.