NetApp Inc

Company Profile

NetApp Inc had its IPO on 1995-11-21 under the ticker symbol NTAP.

The company operates in the Technology sector and Computer Hardware industry. NetApp Inc has a staff strength of 12,000 employees.

Stock update

Shares of NetApp Inc opened at $78.11 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $77.97 - $79.02, and closed at $78.32.

This is a -0.27% slip from the previous day's closing price.

A total volume of 1,250,224 shares were traded at the close of the day’s session.

In the last one week, shares of NetApp Inc have increased by +0.93%.

NetApp Inc's Key Ratios

NetApp Inc has a market cap of $16.40 billion, indicating a price to book ratio of 11.5301 and a price to sales ratio of 2.0204.

In the last 12-months NetApp Inc’s revenue was $6.20 billion with a gross profit of $4.21 billion and an EBITDA of $1.30 billion. The EBITDA ratio measures NetApp Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, NetApp Inc’s operating margin was 17.58% while its return on assets stood at 7.24% with a return of equity of 158.04%.

In Q2.3333333333333, NetApp Inc’s quarterly earnings growth was a negative -28.1% while revenue growth was a negative 10.1%.

NetApp Inc’s PE and PEG Ratio

Forward PE

12.0773

Trailing PE

14.2264

PEG

1.0619

Its diluted EPS in the last 12-months stands at $5.52 per share while it has a forward price to earnings multiple of 12.0773 and a PEG multiple of 1.0619. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into NetApp Inc’s profitability.

NetApp Inc stock is trading at a EV to sales ratio of 2.0646 and a EV to EBITDA ratio of 9.3637. Its price to sales ratio in the trailing 12-months stood at 2.0204.

NetApp Inc stock pays annual dividends of $2 per share, indicating a yield of 2.53% and a payout ratio of 36.1%.

Balance sheet and cash flow metrics

Total Assets

$9.27 billion

Total Liabilities

$3.25 billion

Operating Cash Flow

$0

Capital Expenditure

$35 million

Dividend Payout Ratio

36.1%

NetApp Inc ended 2024 with $9.27 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $9.27 billion while shareholder equity stood at $873.00 million.

NetApp Inc ended 2024 with $0 in deferred long-term liabilities, $3.25 billion in other current liabilities, 921000000.00 in common stock, $0.00 in retained earnings and $2.76 billion in goodwill. Its cash balance stood at $2.98 billion and cash and short-term investments were $2.98 billion. The company’s total short-term debt was $44,000,000 while long-term debt stood at $2.39 billion.

NetApp Inc’s total current assets stands at $4.16 billion while long-term investments were $0 and short-term investments were $955.00 million. Its net receivables were $653.00 million compared to accounts payable of $344.00 million and inventory worth $131.00 million.

In 2024, NetApp Inc's operating cash flow was $0 while its capital expenditure stood at $35 million.

Comparatively, NetApp Inc paid $0.36 in dividends in 2024.

Other key metrics

Current Trading Price

$78.32

52-Week High

$80.53

52-Week Low

$56.7806

Analyst Target Price

$80

NetApp Inc stock is currently trading at $78.32 per share. It touched a 52-week high of $80.53 and a 52-week low of $80.53. Analysts tracking the stock have a 12-month average target price of $80.

Its 50-day moving average was $77.52 and 200-day moving average was $68.05 The short ratio stood at 2.66 indicating a short percent outstanding of 0%.

Around 40.1% of the company’s stock are held by insiders while 9408.5% are held by institutions.