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NetApp Inc
NASDAQ:NTAP

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NetApp Inc Logo
NetApp Inc
NASDAQ:NTAP
Watchlist
Price: 125.79 USD -1.28% Market Closed
Updated: Jul 18, 2024
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Intrinsic Value

NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. [ Read More ]

The intrinsic value of one NTAP stock under the Base Case scenario is 103.3 USD. Compared to the current market price of 125.79 USD, NetApp Inc is Overvalued by 18%.

Key Points:
NTAP Intrinsic Value
Base Case
103.3 USD
Overvaluation 18%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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NetApp Inc

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Fundamental Analysis

NetApp achieves record performance in fiscal 2024
Earnings Call Summary

NetApp achieves record performance in fiscal 2024

NetApp concluded fiscal 2024 with notable achievements, including an all-time high operating margin of 27% and revenue slightly down by 1% year-over-year at $6.27 billion. Q4 saw revenue grow by 6% to $1.67 billion, driven by a robust 17% rise in all-flash array revenue. The company recorded an exceptional free cash flow of $1.53 billion, a 76% increase year-over-year. Looking forward, NetApp anticipates fiscal 2025 revenue between $6.45 billion and $6.65 billion, reflecting a 4.5% growth. Gross margins are expected to range between 71% and 72%, with operating margins projected to be 27% to 28%.

Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
NetApp Inc

Current Assets 4.9B
Cash & Short-Term Investments 3.3B
Receivables 1B
Other Current Assets 638m
Non-Current Assets 5B
Long-Term Investments 85m
PP&E 851m
Intangibles 2.9B
Other Non-Current Assets 1.2B
Current Liabilities 4.1B
Accounts Payable 517m
Accrued Liabilities 596m
Other Current Liabilities 3B
Non-Current Liabilities 4.6B
Long-Term Debt 2B
Other Non-Current Liabilities 2.6B
Efficiency

Earnings Waterfall
NetApp Inc

Revenue
6.3B USD
Cost of Revenue
-1.8B USD
Gross Profit
4.4B USD
Operating Expenses
-3.2B USD
Operating Income
1.3B USD
Other Expenses
-282m USD
Net Income
986m USD

Free Cash Flow Analysis
NetApp Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

NTAP Profitability Score
Profitability Due Diligence

NetApp Inc's profitability score is 69/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Year Average ROE
Positive Gross Profit
Positive Free Cash Flow
Exceptional ROE
69/100
Profitability
Score

NetApp Inc's profitability score is 69/100. The higher the profitability score, the more profitable the company is.

NTAP Solvency Score
Solvency Due Diligence

NetApp Inc's solvency score is 62/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
Negative Net Debt
Short-Term Solvency
Long-Term Solvency
62/100
Solvency
Score

NetApp Inc's solvency score is 62/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

NTAP Price Targets Summary
NetApp Inc

Wall Street analysts forecast NTAP stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NTAP is 129.92 USD with a low forecast of 106.05 USD and a high forecast of 162.75 USD.

Lowest
Price Target
106.05 USD
16% Downside
Average
Price Target
129.92 USD
3% Upside
Highest
Price Target
162.75 USD
29% Upside
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Competitive Landscape

Ownership

NTAP Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Price Appreciation

NTAP Price
NetApp Inc

1M 1M
-2%
6M 6M
+45%
1Y 1Y
+59%
3Y 3Y
+71%
5Y 5Y
+141%
10Y 10Y
+328%
Annual Price Range
125.79
52w Low
71.18
52w High
134.62
Price Metrics
Average Annual Return 7.3%
Standard Deviation of Annual Returns 32.08%
Max Drawdown -46%
Shares Statistics
Market Capitalization 25.9B USD
Shares Outstanding 205 802 000
Percentage of Shares Shorted 2.89%

NTAP Return Decomposition
Main factors of price return

What is price return decomposition?

NTAP News

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Last Important Events
NetApp Inc

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

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Sentiment Analysis
NetApp Inc

Today
Last 7 Days 7D
Last 30 Days 30D
Last 90 Days 90D

Company Profile

NetApp Inc Logo
NetApp Inc

Country

United States of America

Industry

Technology

Market Cap

25.9B USD

Dividend Yield

1.61%

Description

NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company is headquartered in San Jose, California and currently employs 11,000 full-time employees. The firm provides systems, software and cloud services that enable them to run their applications optimally from data center to cloud, whether they are developing in the cloud, moving to the cloud, or creating their own cloudlike experiences. The company operates in one industry segment: the design, manufacturing, marketing, and technical support of storage and data management solutions. NetApp's public cloud services are delivered as cloud-based software and as Software-as-a-Service. The public cloud services portfolio is categorized into four solution areas: cloud storage, cloud controls, cloud services and analytics and cloud optimization. Its hybrid cloud solutions are a portfolio of offerings that deliver on-premises, private cloud, and hybrid cloud services, designed to operate with public cloud data services. Its portfolio is categorized into three solution areas: data storage, data protection and data management.

Contact

CALIFORNIA
San Jose
3060 Olsen Drive
+14088226000.0
http://www.netapp.com/

IPO

1995-11-21

Employees

11 000

Officers

CEO & Director
Mr. George Kurian
President
Mr. Cesar Cernuda Rego
Executive VP, CFO & Interim Principal Accounting Officer
Mr. Michael J. Berry
Executive VP, Chief Legal Officer & Corporate Secretary
Ms. Elizabeth M. O'Callahan
Executive VP & Chief Product Officer
Mr. Harvinder S. Bhela
Senior VP & Chief Information Officer
Mr. William H. Miller Jr.
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VP of Corporate Communications & Investor Relations
Ms. Kris Newton
Chief Marketing Officer
Ms. Gabrielle Boko
Executive VP & CHRO
Dr. Alessandra Ginante Yockelson
Senior Vice President of Engineering - Hybrid Cloud Group
Mr. Octavian Tanase
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See Also

Discover More
What is the Intrinsic Value of one NTAP stock?

The intrinsic value of one NTAP stock under the Base Case scenario is 103.3 USD.

Is NTAP stock undervalued or overvalued?

Compared to the current market price of 125.79 USD, NetApp Inc is Overvalued by 18%.