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netapp inc. - NTAP

NTAP

Close Chg Chg %
123.45 3.23 2.62%

Closed Market

126.68

+3.23 (2.62%)

Volume: 4.47M

Last Updated:

Nov 21, 2024, 4:00 PM EDT

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Company Overview: netapp inc. - NTAP

NTAP Key Data

Open

$125.00

 Day Range

123.56 - 128.03

52 Week Range

77.46 - 135.01

 Market Cap

$25.28B

Shares Outstanding

204.78M

 Public Float

203.94M

Beta

1.22

 Rev. Per Employee

N/A

P/E Ratio

24.06

 EPS

$5.26

Yield

165.25%

 Dividend

$0.52

EX-DIVIDEND DATE

Oct 4, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

1.73M

  

NTAP Performance

1 Week
 
 5.32%
 
1 Month
 
 -2.43%
 
3 Months
 
 -7.26%
 
1 Year
 
 57.58%
 
5 Years
 
 101.62%
 

NTAP Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 22
Full Ratings ➔

About netapp inc. - NTAP

NetApp, Inc. engages in the provision of software, systems, and services to manage and share data on-premises. The firm also offers private and public clouds worldwide. It operates through the Hybrid Cloud and Public Cloud segments. The Hybrid Cloud segment provides a data storage portfolio for storage management and infrastructure solutions. The Public Cloud segment refers to a portfolio of products delivered primarily as-a-service. The company was founded by David Hitz, James K. Lau, and Michael Malcolm in April 1992 and is headquartered in San Jose, CA.

NTAP At a Glance

NetApp, Inc.
3060 Olsen Drive
San Jose, California 95128
Phone 1-408-822-6000 Revenue 6.27B
Industry Computer Peripherals Net Income 986.00M
Sector Electronic Technology Employees 11,800
Fiscal Year-end 04 / 2025
View SEC Filings

NTAP Valuation

P/E Current 23.82
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 21.89
Price to Sales Ratio 3.443
Price to Book Ratio 18.215
Price to Cash Flow Ratio 12.809
Enterprise Value to EBITDA 13.765
Enterprise Value to Sales 3.346
Total Debt to Enterprise Value 0.126

NTAP Efficiency

Revenue/Employee 531,271.186
Income Per Employee 83,559.322
Receivables Turnover 6.225
Total Asset Turnover 0.636

NTAP Liquidity

Current Ratio 1.176
Quick Ratio 1.131
Cash Ratio 0.793

NTAP Profitability

Gross Margin 70.362
Operating Margin 20.242
Pretax Margin 20.147
Net Margin 15.728
Return on Assets 10.008
Return on Equity 85.553
Return on Total Capital 25.961
Return on Invested Capital 27.565

NTAP Capital Structure

Total Debt to Total Equity 231.414
Total Debt to Total Capital 69.826
Total Debt to Total Assets 26.823
Long-Term Debt to Equity 193.019
Long-Term Debt to Total Capital 58.241
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Netapp Inc. - NTAP

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
5.73B 6.33B 6.36B 6.27B
Sales Growth
+5.93% +10.33% +0.51% -1.38%
Cost of Goods Sold (COGS) incl D&A
1.94B 2.11B 2.18B 1.86B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
259.00M 249.00M 301.00M 255.00M
Depreciation
210.00M 203.00M 233.00M 198.00M
Amortization of Intangibles
49.00M 46.00M 68.00M 57.00M
COGS Growth
+8.27% +8.98% +3.22% -14.73%
Gross Income
3.80B 4.21B 4.18B 4.41B
Gross Income Growth
+4.78% +11.01% -0.85% +5.58%
Gross Profit Margin
+66.21% +66.62% +65.72% +70.36%
2021 2022 2023 2024 5-year trend
SG&A Expense
2.87B 3.00B 3.02B 3.14B
Research & Development
881.00M 881.00M 956.00M 1.03B
Other SG&A
1.99B 2.12B 2.07B 2.11B
SGA Growth
+6.58% +4.71% +0.67% +3.90%
Other Operating Expense
- - - -
-
Unusual Expense
57.00M 137.00M 145.00M 113.00M
EBIT after Unusual Expense
870.00M 1.07B 1.01B 1.16B
Non Operating Income/Expense
166.00M 95.00M 124.00M 171.00M
Non-Operating Interest Income
9.00M 7.00M 69.00M 112.00M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
74.00M 73.00M 67.00M 64.00M
Interest Expense Growth
+34.55% -1.35% -8.22% -4.48%
Gross Interest Expense
74.00M 73.00M 67.00M 64.00M
Interest Capitalized
- - - -
-
Pretax Income
962.00M 1.09B 1.07B 1.26B
Pretax Income Growth
+1.91% +13.83% -2.65% +18.48%
Pretax Margin
+16.78% +17.31% +16.77% +20.15%
Income Tax
232.00M 158.00M (208.00M) 277.00M
Income Tax - Current - Domestic
104.00M 242.00M 248.00M 114.00M
Income Tax - Current - Foreign
134.00M 60.00M 150.00M 110.00M
Income Tax - Deferred - Domestic
8.00M (152.00M) (47.00M) 30.00M
Income Tax - Deferred - Foreign
(14.00M) 8.00M (559.00M) 23.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
730.00M 937.00M 1.27B 986.00M
Minority Interest Expense
- - - -
-
Net Income
730.00M 937.00M 1.27B 986.00M
Net Income Growth
-10.87% +28.36% +35.97% -22.61%
Net Margin Growth
+12.73% +14.81% +20.04% +15.73%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
730.00M 937.00M 1.27B 986.00M
Preferred Dividends
- - - -
-
Net Income Available to Common
730.00M 937.00M 1.27B 986.00M
EPS (Basic)
3.2883 4.2018 5.871 4.7404
EPS (Basic) Growth
-7.66% +27.78% +39.73% -19.26%
Basic Shares Outstanding
222.00M 223.00M 217.00M 208.00M
EPS (Diluted)
3.2301 4.0917 5.7909 4.6291
EPS (Diluted) Growth
-8.11% +26.67% +41.53% -20.06%
Diluted Shares Outstanding
226.00M 229.00M 220.00M 213.00M
EBITDA
1.19B 1.46B 1.46B 1.52B
EBITDA Growth
+0.94% +23.02% -0.27% +4.74%
EBITDA Margin
+20.69% +23.07% +22.89% +24.31%

Snapshot

Average Recommendation HOLD Average Target Price 132.333
Number of Ratings 22 Current Quarters Estimate 1.851
FY Report Date 01 / 2025 Current Year's Estimate 7.108
Last Quarter’s Earnings 1.87 Median PE on CY Estimate N/A
Year Ago Earnings 6.46 Next Fiscal Year Estimate 7.599
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 20 20 21 20
Mean Estimate 1.85 1.91 7.11 7.60
High Estimates 1.89 1.98 7.15 8.00
Low Estimate 1.78 1.86 7.06 7.28
Coefficient of Variance 1.49 1.57 0.37 2.37

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 5 5 5
OVERWEIGHT 1 1 2
HOLD 15 14 14
UNDERWEIGHT 1 1 1
SELL 0 0 0
MEAN Hold Hold Hold

Insider Actions for Netapp Inc. - NTAP

Date Name Shares Transaction Value
Sep 27, 2024 Daniel De Lorenzo VP, Controller & CAO N/A Open market or private sale of non-derivative or derivative security Non-derivative transaction at $123.6 per share 0.00
Sep 13, 2024 George T. Shaheen Director 15,754 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 13, 2024 Thomas Michael Nevens Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 13, 2024 Thomas Michael Nevens Director 15,943 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 13, 2024 Gerald D. Held Director 2,377 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Sep 13, 2024 George T. Shaheen Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 13, 2024 George T. Shaheen Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 13, 2024 George T. Shaheen Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 13, 2024 George T. Shaheen Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 13, 2024 George T. Shaheen Director 23,670 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 13, 2024 Anders Gustafsson Director 3,547 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 13, 2024 George T. Shaheen Director 9,832 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 13, 2024 George T. Shaheen Director 6,976 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Sep 13, 2024 Michael J. Berry EVP, CFO 173,268 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $115.1 per share 19,943,146.80
Sep 13, 2024 Michael J. Berry EVP, CFO 175,406 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $114.3 per share 20,048,905.80
Sep 13, 2024 Michael J. Berry EVP, CFO 178,368 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $113.38 per share 20,223,363.84
Sep 13, 2024 Michael J. Berry EVP, CFO 180,768 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $114.81 per share 20,753,974.08
Sep 13, 2024 Michael J. Berry EVP, CFO 183,937 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $114.1 per share 20,987,211.70
Sep 13, 2024 Anders Gustafsson Director 2,377 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Sep 13, 2024 Anders Gustafsson Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00

Netapp Inc. in the News