NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide.
Good value with adequate balance sheet.
Share Price & News
How has NetApp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NTAP has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NTAP underperformed the US Tech industry which returned 73.6% over the past year.
Return vs Market: NTAP underperformed the US Market which returned 9.5% over the past year.
Price Volatility Vs. Market
How volatile is NetApp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StCalculating The Fair Value Of NetApp, Inc. (NASDAQ:NTAP)
2 weeks ago | Simply Wall StDid Changing Sentiment Drive NetApp's (NASDAQ:NTAP) Share Price Down By 39%?
4 weeks ago | Simply Wall StHow Much Did NetApp, Inc.'s (NASDAQ:NTAP) CEO Pocket Last Year?
Is NetApp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NTAP ($44.54) is trading below our estimate of fair value ($71)
Significantly Below Fair Value: NTAP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NTAP is good value based on its PE Ratio (12.5x) compared to the Tech industry average (14.3x).
PE vs Market: NTAP is good value based on its PE Ratio (12.5x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: NTAP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NTAP is overvalued based on its PB Ratio (40.5x) compared to the US Tech industry average (1.4x).
How is NetApp forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NTAP's earnings are forecast to decline over the next 3 years (-3.1% per year).
Earnings vs Market: NTAP's earnings are forecast to decline over the next 3 years (-3.1% per year).
High Growth Earnings: NTAP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NTAP's revenue (0.6% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: NTAP's revenue (0.6% 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 (74%).
How has NetApp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NTAP has high quality earnings.
Growing Profit Margin: NTAP's current net profit margins (15.1%) are lower than last year (19%).
Past Earnings Growth Analysis
Earnings Trend: NTAP's earnings have grown significantly by 23.7% per year over the past 5 years.
Accelerating Growth: NTAP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NTAP had negative earnings growth (-29.9%) over the past year, making it difficult to compare to the Tech industry average (-8.5%).
Return on Equity
High ROE: Whilst NTAP's Return on Equity (338.43%) is outstanding, this metric is skewed due to their high level of debt.
How is NetApp's financial position?
Financial Position Analysis
Short Term Liabilities: NTAP's short term assets ($4.3B) exceed its short term liabilities ($3.6B).
Long Term Liabilities: NTAP's short term assets ($4.3B) exceed its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: NTAP's debt to equity ratio (627.7%) is considered high.
Reducing Debt: NTAP's debt to equity ratio has increased from 43.7% to 627.7% over the past 5 years.
Debt Coverage: NTAP's debt is well covered by operating cash flow (69.8%).
Interest Coverage: NTAP earns more interest than it pays, so coverage of interest payments is not a concern.
What is NetApp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NTAP's dividend (4.31%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: NTAP's dividend (4.31%) is low compared to the top 25% of dividend payers in the US market (4.52%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NTAP has been paying a dividend for less than 10 years.
Growing Dividend: NTAP's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.9%), NTAP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NTAP's dividends in 3 years are forecast to be covered by earnings (53.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
George Kurian (52yo)
Mr. George Kurian has been the Chief Executive Officer of NetApp, Inc. since June 1, 2015 and as its President since May 20, 2016. Mr. Kurian served as an Executive Vice President of Product Operations at ...
CEO Compensation Analysis
Compensation vs Market: George's total compensation ($USD13.16M) is about average for companies of similar size in the US market ($USD11.65M).
Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.
|CEO, President & Director||4.83yrs||US$13.16m||0.093% $9.2m|
|Senior VP||9.58yrs||US$3.34m||0.017% $1.7m|
|Executive Vice President of Worldwide Field & Customer Operations||4yrs||US$5.91m||0.065% $6.4m|
|Executive VP & CFO||0.17yr||no data||0.010% $987.1k|
|Senior VP & Chief Accounting Officer||0.75yr||no data||no data|
|Vice President of Corporate Finance||4yrs||US$667.50k||no data|
|Senior VP & Chief Information Officer||3.58yrs||no data||no data|
|Director of Investor Relations||no data||no data||no data|
|Senior VP & Chief Marketing Officer||1.33yrs||no data||no data|
|Senior VP & Chief Human Resources Officer||1.58yrs||no data||no data|
Experienced Management: NTAP's management team is considered experienced (3.6 years average tenure).
|CEO, President & Director||4.83yrs||US$13.16m||0.093% $9.2m|
|Independent Director||15.83yrs||US$337.06k||0.0073% $722.1k|
|Independent Director||10.42yrs||US$330.40k||0.0047% $459.1k|
|Independent Chairman of the Board||4.83yrs||US$435.40k||0.014% $1.3m|
|Independent Director||6.58yrs||US$362.90k||0.013% $1.3m|
|Independent Director||0.17yr||no data||no data|
|Independent Director||2.42yrs||US$335.40k||no data|
|Independent Director||2.42yrs||US$355.40k||0.0038% $373.4k|
Experienced Board: NTAP's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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 company bio, employee growth, exchange listings and data sources
- Name: NetApp, Inc.
- Ticker: NTAP
- Exchange: NasdaqGS
- Founded: 1992
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: US$9.851b
- Shares outstanding: 221.18m
- Website: https://www.netapp.com
Number of Employees
- NetApp, Inc.
- 1395 Crossman Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NTA||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 1995|
|0K6F||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Nov 1995|
|NTA||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Nov 1995|
|NTAP||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 1995|
|NTA||ETLX (Eurotlx)||Yes||Common Stock||IT||EUR||Nov 1995|
|N1TA34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH REPR 1 COM||BR||BRL||Jan 2020|
NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Volumes ONTAP, NetApp Cloud Sync, NetApp Cloud Secure, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Kubernetes Service, and NetApp Cloud Insights. It also provides cloud infrastructure solutions, such as FlexPod, a portfolio of pre-validated designs and integration; NetApp HCI for public cloud consumption experience; and NetApp StorageGRID, a software-defined object-based storage solution. In addition, the company offers storage systems and software, including all-flash arrays that support data management; hybrid arrays to deploy the speed of flash storage; NetApp ONTAP storage operating system; NetApp ONTAP Select, which offers robust enterprise storage services; NetApp MAX Data; NetApp FlexArray storage virtualization software; NetApp OnCommand API Services; NetApp Active IQ software; NetApp data availability services; NetApp SnapCenter backup management software; NetApp SnapMirror data replication software; NetApp MetroCluster business continuity softwar; NetApp SnapLock data compliance software; NetApp SANtricity storage operating system; and NetApp Element operating system. Further, it provides software maintenance, hardware maintenance, and other services, including professional services, global support solutions, and customer education and training. It serves the energy, financial services, government, high technology, Internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 05:28|
|End of Day Share Price||2020/05/29 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.