NTAP Stock Overview
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$62.78|
|52 Week High||US$96.82|
|52 Week Low||US$61.59|
|1 Month Change||-11.71%|
|3 Month Change||-22.64%|
|1 Year Change||-24.35%|
|3 Year Change||3.91%|
|5 Year Change||62.77%|
|Change since IPO||4,799.90%|
Recent News & Updates
Is NetApp, Inc. (NASDAQ:NTAP) Trading At A 23% Discount?
Does the June share price for NetApp, Inc. ( NASDAQ:NTAP ) reflect what it's really worth? Today, we will estimate the...
|NTAP||US Tech||US Market|
Return vs Industry: NTAP underperformed the US Tech industry which returned -2.1% over the past year.
Return vs Market: NTAP underperformed the US Market which returned -21.2% over the past year.
|NTAP Average Weekly Movement||4.8%|
|Tech Industry Average Movement||9.3%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.3%|
Stable Share Price: NTAP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NTAP's weekly volatility (5%) has been stable over the past year.
About the Company
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, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire.
NetApp Fundamentals Summary
|NTAP fundamental statistics|
Is NTAP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NTAP income statement (TTM)|
|Cost of Revenue||US$2.10b|
Last Reported Earnings
Apr 29, 2022
Next Earnings Date
Aug 24, 2022
|Earnings per share (EPS)||4.24|
|Net Profit Margin||14.83%|
How did NTAP perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Does NTAP pay a reliable dividends?See NTAP dividend history and benchmarks
|NetApp dividend dates|
|Ex Dividend Date||Jul 07 2022|
|Dividend Pay Date||Jul 27 2022|
|Days until Ex dividend||2 days|
|Days until Dividend pay date||22 days|
Does NTAP pay a reliable dividends?See NTAP dividend history and benchmarks
Is NTAP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NTAP?
Other financial metrics that can be useful for relative valuation.
|What is NTAP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NTAP's PE Ratio compare to its peers?
|NTAP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
WDC Western Digital
STX Seagate Technology Holdings
HPE Hewlett Packard Enterprise
DELL Dell Technologies
Price-To-Earnings vs Peers: NTAP is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (6.5x).
Price to Earnings Ratio vs Industry
How does NTAP's PE Ratio compare vs other companies in the US Tech Industry?
Price-To-Earnings vs Industry: NTAP is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the US Tech industry average (14.6x)
Price to Earnings Ratio vs Fair Ratio
What is NTAP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||14.8x|
|Fair PE Ratio||19.9x|
Price-To-Earnings vs Fair Ratio: NTAP is good value based on its Price-To-Earnings Ratio (14.8x) compared to the estimated Fair Price-To-Earnings Ratio (19.9x).
Share Price vs Fair Value
What is the Fair Price of NTAP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NTAP ($62.78) is trading below our estimate of fair value ($83.04)
Significantly Below Fair Value: NTAP is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: NTAP is poor value based on its PEG Ratio (2.1x)
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How is NetApp forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NTAP's forecast earnings growth (6.9% per year) is above the savings rate (1.9%).
Earnings vs Market: NTAP's earnings (6.9% per year) are forecast to grow slower than the US market (13.6% per year).
High Growth Earnings: NTAP's earnings are forecast to grow, but not significantly.
Revenue vs Market: NTAP's revenue (5.3% per year) is forecast to grow slower than the US market (8.2% per year).
High Growth Revenue: NTAP's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NTAP's Return on Equity is forecast to be very high in 3 years time (98.8%).
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How has NetApp performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NTAP has high quality earnings.
Growing Profit Margin: NTAP's current net profit margins (14.8%) are higher than last year (12.7%).
Past Earnings Growth Analysis
Earnings Trend: NTAP's earnings have grown by 15.9% per year over the past 5 years.
Accelerating Growth: NTAP's earnings growth over the past year (28.6%) exceeds its 5-year average (15.9% per year).
Earnings vs Industry: NTAP earnings growth over the past year (28.6%) underperformed the Tech industry 67.6%.
Return on Equity
High ROE: Whilst NTAP's Return on Equity (111.81%) is outstanding, this metric is skewed due to their high level of debt.
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How is NetApp's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NTAP's short term assets ($5.9B) exceed its short term liabilities ($4.0B).
Long Term Liabilities: NTAP's short term assets ($5.9B) exceed its long term liabilities ($5.2B).
Debt to Equity History and Analysis
Debt Level: NTAP has more cash than its total debt.
Reducing Debt: NTAP's debt to equity ratio has increased from 72% to 314.6% over the past 5 years.
Debt Coverage: NTAP's debt is well covered by operating cash flow (45.9%).
Interest Coverage: NTAP's interest payments on its debt are well covered by EBIT (18.2x coverage).
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What is NetApp current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NTAP's dividend (3.19%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: NTAP's dividend (3.19%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NTAP has been paying a dividend for less than 10 years.
Growing Dividend: NTAP's dividend payments have increased, but the company has only paid a dividend for 9 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (47.6%), NTAP's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (44.9%), NTAP's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
George Kurian (55 yo)
Mr. George Kurian serves as an Independent Director of Cigna Corporation since January 2021. He has been the Chief Executive Officer of NetApp, Inc since June 1, 2015 and served as its President since May...
CEO Compensation Analysis
Compensation vs Market: George's total compensation ($USD14.36M) is about average for companies of similar size in the US market ($USD13.34M).
Compensation vs Earnings: George's compensation has increased by more than 20% in the past year.
Experienced Management: NTAP's management team is considered experienced (3.5 years average tenure).
Experienced Board: NTAP's board of directors are considered experienced (7.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NTAP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
NetApp, Inc.'s employee growth, exchange listings and data sources
- Name: NetApp, Inc.
- Ticker: NTAP
- Exchange: NasdaqGS
- Founded: 1992
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Implied Market Cap: US$13.886b
- Shares outstanding: 221.19m
- Website: https://www.netapp.com
Number of Employees
- NetApp, Inc.
- 3060 Olsen Drive
- San Jose
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/04 00:00|
|End of Day Share Price||2022/07/01 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.