Netapp Inc Stock Today

NTAP Stock  USD 122.43  7.17  5.53%   

Performance

2 of 100

 
Weak
 
Strong
Weak

Odds Of Distress

Less than 6

 
High
 
Low
Low
NetApp is selling at 122.43 as of the 28th of November 2024; that is 5.53 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 122.43. NetApp has only a 6 % chance of going through financial distress over the next few years but had a somewhat weak performance during the last 90 days. Note, on October 24, 2024, Representative Doug Lamborn of US Congress acquired under $15k worth of NetApp Inc's common stock.
Business Domain
Technology Hardware & Equipment
IPO Date
21st of November 1995
Category
Technology
Classification
Information Technology
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California. NetApp operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. The company has 204.78 M outstanding shares of which 8.89 M shares are now shorted by private and institutional investors with about 7.38 trading days to cover. More on NetApp Inc

NetApp Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEO and DirectorGeorge Kurian
Thematic IdeaSRI Sustainable Growth (View all Themes)
Business ConcentrationTechnology Hardware, Storage & Peripherals, Technology Hardware & Equipment, Information Technology, ISE Cloud Computing, SP 500 Index, NASDAQ Composite, SRI Sustainable Growth, Information Technology, Technology Hardware, Storage & Peripherals, Computer Hardware, Technology, Cloud Computing (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.0780.0997
Significantly Down
Very volatile
Asset Turnover0.610.634
Sufficiently Down
Slightly volatile
Gross Profit Margin0.660.7072
Significantly Down
Slightly volatile
Total Current Liabilities2.2 B4.1 B
Way Down
Slightly volatile
Non Current Liabilities Total4.9 B4.6 B
Sufficiently Up
Slightly volatile
Total Assets6.2 B9.9 B
Way Down
Pretty Stable
Total Current AssetsB4.9 B
Significantly Down
Very volatile
Total Cash From Operating Activities903 M1.7 B
Way Down
Pretty Stable
Debt Levels
NetApp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand NetApp's financial leverage. It provides some insight into what part of NetApp's total assets is financed by creditors.
Liquidity
NetApp Inc currently holds 2.65 B in liabilities with Debt to Equity (D/E) ratio of 4.51, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. NetApp Inc has a current ratio of 1.35, which is within standard range for the sector. Note, when we think about NetApp's use of debt, we should always consider it together with its cash and equity.

Other Non Cash Items

33.6 Million
NetApp Inc (NTAP) is traded on NASDAQ Exchange in USA. It is located in 3060 Olsen Drive, San Jose, CA, United States, 95128 and employs 11,800 people. NetApp is listed under Technology Hardware, Storage & Peripherals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 26.54 B. NetApp Inc conducts business under Technology Hardware, Storage & Peripherals sector and is part of Information Technology industry. The entity has 204.78 M outstanding shares of which 8.89 M shares are now shorted by private and institutional investors with about 7.38 trading days to cover. NetApp Inc currently holds about 3.45 B in cash with 1.69 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 15.85.
Check NetApp Probability Of Bankruptcy
Ownership Allocation
NetApp Inc maintains a total of 204.78 Million outstanding shares. The majority of NetApp outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in NetApp Inc to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in NetApp Inc. Please pay attention to any change in the institutional holdings of NetApp as this could imply that something significant has changed or is about to change at the company. On October 24, 2024, Representative Doug Lamborn of US Congress acquired under $15k worth of NetApp Inc's common stock.
Check NetApp Ownership Details

NetApp Stock Institutional Holders

InstituionRecorded OnShares
Norges Bank2024-06-30
2.6 M
Legal & General Group Plc2024-06-30
2.4 M
Northern Trust Corp2024-09-30
2.3 M
Amvescap Plc.2024-06-30
2.2 M
Dimensional Fund Advisors, Inc.2024-09-30
1.9 M
Td Asset Management Inc2024-09-30
1.9 M
Td Global Investment Solutions – Td Epoch2024-09-30
1.8 M
Los Angeles Capital Management Llc2024-09-30
1.8 M
Capital World Investors2024-09-30
1.7 M
Vanguard Group Inc2024-09-30
26 M
Blackrock Inc2024-06-30
21.2 M
View NetApp Diagnostics

NetApp Historical Income Statement

At this time, NetApp's Net Income Applicable To Common Shares is relatively stable compared to the past year. As of 11/28/2024, Non Recurring is likely to grow to about 170.3 M, while Total Revenue is likely to drop slightly above 4 B. View More Fundamentals

NetApp Stock Against Markets

NetApp Corporate Management

Additional Tools for NetApp Stock Analysis

When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.