Netapp Inc
NTAP
Market Cap$21.64B
Close$
Earnings Call Q3 2023
February 22, 2023 - AI Summary
NetApp reported Q3 revenue of $1.53 billion, at the low end of guidance, due to a weakening IT spending environment and continued cloud cost optimization.
The company experienced headwinds in its all-flash array business, with a 12% decrease YoY, primarily driven by customers shifting from high-performance flash arrays to lower-cost solutions.
Public Cloud ARR was $605 million, below expectations, as customers optimized their cloud spending and project-based workloads wound down.
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$64.27
35.8% downside
Current Fair Value
35.8% downsideOvervalued by 35.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $21.64 Billion |
|---|---|
| Enterprise Value | $21.11 Billion |
| Dividend Yield | $1.975 (1.88%) |
| Earnings per Share | $4.4 |
| Beta | 1.02 |
| Outstanding Shares | 206,376,661 |
| Avg 30 Day Volume | 1,737,026 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 23.02 |
|---|---|
| PEG | 6.03 |
| Price to Sales | 3.45 |
| Price to Book Ratio | 25.04 |
| Enterprise Value to Revenue | 3.42 |
| Enterprise Value to EBIT | 17.25 |
| Enterprise Value to Net Income | 22 |
| Total Debt to Enterprise | 0.11 |
| Debt to Equity | 2.41 |
Revenue Sources
No data
ESG Score
No data
About Netapp Inc
10,500 employees
CEO: George Kurian NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in Sunnyvale, California. It has ranked in the Fortune 500 since 2012. Founded in 1992 with an IPO in 1995, NetApp offers hybrid cloud data ...