stock.name

Netapp Inc

NTAP

Market Cap$26.2B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Netapp IncNetapp Inc26.61.55%86%4.32.1

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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$133.50

Target Price by Analysts

3.7% upsideNetapp Target Price DetailsTarget Price
$85.10

Current Fair Value

33.9% downside

Overvalued by 33.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$26.20 Billion
Enterprise Value$25.33 Billion
Dividend Yield$1.975 (1.55%)
Earnings per Share$4.63
Beta0.0
Outstanding Shares205,801,761
Avg 30 Day Volume2,441,779

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio26.57
PEG141.52
Price to Sales4.29
Price to Book Ratio25.74
Enterprise Value to Revenue4.04
Enterprise Value to EBIT19.98
Enterprise Value to Net Income25
Total Debt to Enterprise0.09
Debt to Equity2.09

Revenue Sources

No data

Insider Trades

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 ...