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3 Storage Devices Stocks to Watch for in a Challenging Industry
Despite macroeconomic headwinds and supply chain troubles, momentum in cloud computing, IoT, auto, connected devices, VR and AI will likely favor the prospects of the Zacks Computer - Storage Devices industry players like NTAP, PSTG and TDC.

Markets Rise as Debt Ceiling Advances in Congress
Markets gained on Thursday, June 1, 2023 as bipartisan plan to raise the debt ceiling advances in Congress.

NetApp (NTAP) Q4 Earnings Top Estimates, Revenues Fall Y/Y
NetApp's (NTAP) fourth-quarter fiscal 2023 performance hurt by weak IT spending environment.

NetApp Is Gearing Up To Breakout After Earnings Top Estimates
NetApp, Inc. NASDAQ: NTAP reported earnings for their fourth quarter ending April 2023 yesterday after the close and topped consensus estimates. While the outlook for the storage systems and data management solutions company was mixed, the slight uptick in the extended session and set up on a higher timeframe leads me to believe that NTAP could be a strong breakout candidate.

NetApp, Inc. (NTAP) Q4 2023 Earnings Call Transcript
NetApp, Inc. (NASDAQ:NTAP ) Q4 2023 Earnings Conference Call May 31, 2023 5:30 PM ET Company Participants Kris Newton - VP, IR George Kurian - CEO Mike Berry - CFO Conference Call Participants Samik Chatterjee - JPMorgan Meta Marshall - Morgan Stanley Steven Fox - Fox Advisors Irvin Liu - Evercore ISI Shannon Cross - Credit Suisse Ananda Baruah - Loop Capital Robert Mertens - Cowen Tim Long - Barclays Nehal Chokshi - Northland Capital Markets Simon Leopold - Raymond James David Vogt - UBS Sidney Ho - Deutsche Bank Louis Miscioscia - Daiwa Capital Markets Operator Good day and welcome to the NetApp Fourth Quarter and Fiscal Year 2023 Earnings Conference Call. All participants will be in a listen-only mode.

NetApp (NTAP) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for NetApp (NTAP) give a sense of how the business performed in the quarter ended April 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

NetApp (NTAP) Q4 Earnings and Revenues Surpass Estimates
NetApp (NTAP) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.42 per share a year ago.

NetApp stock rallies on earnings beat, long-term outlook
NetApp Inc. shares NTAP rallied in the extended session Wednesday after the cloud-data software company topped Wall Street estimates for the quarter and offered a conservative near-term outlook. NetApp shares rose 6% after hours, following a 4% decline in the regular session to close at $66.35.

NetApp (NTAP) to Report Q4 Earnings: Here's What to Expect
Weakness in global macroeconomic conditions and softening IT spending environment might have hurt NetApp's (NTAP) earnings in fourth-quarter fiscal 2023.

Analysts Estimate NetApp (NTAP) to Report a Decline in Earnings: What to Look Out for
NetApp (NTAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NTAP Financial details
NTAP Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-04-30
Metric | History | 2019-04-26 | 2020-04-24 | 2021-04-30 | 2022-04-29 | 2023-04-30 |
---|---|---|---|---|---|---|
Revenue per share | 24.2 | 23.53 | 25.87 | 28.33 | 0 | |
Net income per share | 4.6 | 3.56 | 3.29 | 4.2 | 0 | |
Operating cash flow per share | 5.28 | 4.61 | 6 | 5.43 | 0 | |
Free cash flow per share | 4.6 | 4.07 | 5.27 | 4.42 | 0 | |
Cash per share | 21.55 | 13.5 | 21 | 18.64 | 0 | |
Book value per share | 4.29 | 1.05 | 3.09 | 3.76 | 0 | |
Tangible book value per share | -2.72 | -6.87 | -6.55 | -7.4 | 0 | |
Share holders equity per share | 4.29 | 1.05 | 3.09 | 3.76 | 0 | |
Interest debt per share | 7.29 | 7.49 | 12.41 | 12.15 | 0 | |
Market cap | 18.26B | 9.9B | 16.58B | 16.33B | 0 | |
Enterprise value | 16.16B | 8.69B | 14.62B | 14.84B | 2.39B | |
P/E ratio | 15.62 | 12.09 | 22.71 | 17.43 | 0 | |
Price to sales ratio | 2.97 | 1.83 | 2.89 | 2.59 | 0 | |
POCF ratio | 13.62 | 9.34 | 12.44 | 13.49 | 0 | |
PFCF ratio | 15.64 | 10.58 | 14.16 | 16.58 | 0 | |
P/B Ratio | 16.75 | 40.92 | 24.21 | 19.49 | 0 | |
PTB ratio | 16.75 | 40.92 | 24.21 | 19.49 | 0 | |
EV to sales | 2.63 | 1.61 | 2.54 | 2.35 | 0.38 | |
Enterprise value over EBITDA | 12.04 | 7.87 | 14.03 | 10.28 | 1.54 | |
EV to operating cash flow | 12.05 | 8.2 | 10.97 | 12.25 | 2.16 | |
EV to free cash flow | 13.83 | 9.28 | 12.48 | 15.06 | 2.75 | |
Earnings yield | 0.06 | 0.08 | 0.04 | 0.06 | 0 | |
Free cash flow yield | 0.06 | 0.09 | 0.07 | 0.06 | 0 | |
Debt to equity | 7.02 | 30.08 | 12.66 | 10.96 | 7.47 | |
Debt to assets | 0.88 | 0.97 | 0.93 | 0.92 | 0.88 | |
Net debt to EBITDA | -1.57 | -1.1 | -1.88 | -1.04 | 1.54 | |
Current ratio | 1.45 | 1.18 | 1.74 | 1.5 | 1.35 | |
Interest coverage | 21.05 | 17.18 | 13.93 | 15.85 | 4.35 | |
Income quality | 1.15 | 1.29 | 1.83 | 1.29 | 0.87 | |
Dividend Yield | 0.02 | 0.04 | 0.03 | 0.03 | 0 | |
Payout ratio | 0.34 | 0.54 | 0.58 | 0.48 | 0.34 | |
Sales general and administrative to revenue | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | |
Research and developement to revenue | 0.13 | 0.16 | 0.15 | 0.14 | 0.15 | |
Intangibles to total assets | 0.2 | 0.24 | 0.23 | 0.25 | 0.3 | |
Capex to operating cash flow | -0.13 | -0.12 | -0.12 | -0.19 | -0.22 | |
Capex to revenue | -0.03 | -0.02 | -0.03 | -0.04 | -0.04 | |
Capex to depreciation | -0.88 | -0.64 | -0.78 | -1.16 | -0.96 | |
Stock based compensation to revenue | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | |
Graham number | 21.08 | 9.18 | 15.11 | 18.85 | 0 | |
ROIC | 2.81 | 0.62 | -3.1 | 0.86 | 0.13 | |
Return on tangible assets | 0.17 | 0.14 | 0.1 | 0.12 | 0.19 | |
Graham Net | -4.73 | -14.66 | -14.62 | -17.97 | 0 | |
Working capital | 1.74B | 658M | 2.55B | 1.99B | 1.21B | |
Tangible asset value | -692M | -1.58B | -1.46B | -1.65B | -1.78B | |
Net current asset value | -2.04B | -3.01B | -2.67B | -3.24B | -3.98B | |
Invested capital | 1.64 | 6.89 | 3.91 | 3.15 | 2.06 | |
Average receivables | 1.11B | 1.09B | 959M | 1.09B | 1.11B | |
Average payables | 575.5M | 484M | 423M | 513.5M | 499.5M | |
Average inventory | 128.5M | 138M | 129.5M | 159M | 185.5M | |
Days sales outstanding | 72.22 | 65.62 | 60.05 | 71.06 | 56.63 | |
Days payables outstanding | 89.88 | 86.91 | 79.47 | 105.6 | 66.46 | |
Days of inventory on hand | 21.72 | 29.58 | 21.57 | 35.49 | 28.31 | |
Receivables turnover | 5.05 | 5.56 | 6.08 | 5.14 | 6.45 | |
Payables turnover | 4.06 | 4.2 | 4.59 | 3.46 | 5.49 | |
Inventory turnover | 16.8 | 12.34 | 16.92 | 10.28 | 12.89 | |
ROE | 1.07 | 3.38 | 1.07 | 1.12 | 1.1 | |
Capex per share | -0.68 | -0.54 | -0.73 | -1.01 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-04-30 for Q4
Metric | History | 2022-04-29 | 2022-07-29 | 2022-10-28 | 2023-01-27 | 2023-04-30 |
---|---|---|---|---|---|---|
Revenue per share | 7.57 | 7.24 | 7.66 | 7.06 | 7.42 | |
Net income per share | 1.17 | 0.97 | 3.46 | 0.3 | 1.15 | |
Operating cash flow per share | 1.85 | 1.28 | 0.99 | 1.75 | 1.1 | |
Free cash flow per share | 1.55 | 0.98 | 0.63 | 1.48 | 0.92 | |
Cash per share | 18.72 | 16.32 | 13.98 | 14.54 | 0 | |
Book value per share | 3.77 | 2.99 | 5.54 | 5.1 | 5.44 | |
Tangible book value per share | -7.43 | -10.65 | -8.2 | -8.63 | 5.44 | |
Share holders equity per share | 3.77 | 2.99 | 5.54 | 5.1 | 5.44 | |
Interest debt per share | 11.95 | 12.07 | 11.29 | 11.35 | 11.32 | |
Market cap | 16.26B | 15.69B | 15.06B | 14.16B | 13.57B | |
Enterprise value | 14.76B | 14.89B | 14.78B | 13.9B | 15.95B | |
P/E ratio | 15.7 | 18.33 | 5.02 | 54.45 | 13.84 | |
Price to sales ratio | 9.68 | 9.86 | 9.06 | 9.28 | 8.58 | |
POCF ratio | 39.57 | 55.85 | 70.37 | 37.55 | 57.73 | |
PFCF ratio | 47.41 | 72.65 | 109.93 | 44.38 | 69.21 | |
P/B Ratio | 19.41 | 23.89 | 12.53 | 12.85 | 11.7 | |
PTB ratio | 19.41 | 23.89 | 12.53 | 12.85 | 11.7 | |
EV to sales | 8.79 | 9.35 | 8.89 | 9.11 | 10.09 | |
Enterprise value over EBITDA | 40.78 | 41.95 | 39.62 | 33.34 | 39.59 | |
EV to operating cash flow | 35.92 | 52.99 | 69.06 | 36.88 | 67.89 | |
EV to free cash flow | 43.04 | 68.94 | 107.87 | 43.59 | 81.4 | |
Earnings yield | 0.02 | 0.01 | 0.05 | 0 | 0.02 | |
Free cash flow yield | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | |
Debt to equity | 10.96 | 13.53 | 7.14 | 7.81 | 7.47 | |
Debt to assets | 0.92 | 0.93 | 0.88 | 0.89 | 0.88 | |
Net debt to EBITDA | -4.14 | -2.26 | -0.76 | -0.6 | 5.93 | |
Current ratio | 1.5 | 1.38 | 1.36 | 1.34 | 1.35 | |
Interest coverage | 16.28 | 14.17 | 16.59 | 22 | 13.43 | |
Income quality | 1.59 | 1.31 | 0.29 | 5.8 | 0.96 | |
Dividend Yield | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Payout ratio | 0.43 | 0.51 | 0.14 | 1.66 | 0.43 | |
Sales general and administrative to revenue | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | |
Research and developement to revenue | 0.14 | 0.15 | 0.15 | 0.15 | 0.15 | |
Intangibles to total assets | 0.25 | 0.31 | 0.3 | 0.31 | 0.3 | |
Capex to operating cash flow | -0.17 | -0.23 | -0.36 | -0.15 | -0.17 | |
Capex to revenue | -0.04 | -0.04 | -0.05 | -0.04 | -0.02 | |
Capex to depreciation | -1.33 | -1.12 | -1.31 | -0.89 | -0.59 | |
Stock based compensation to revenue | 0.04 | 0.04 | 0.05 | 0.06 | 0.05 | |
Graham number | 9.95 | 8.08 | 20.75 | 5.88 | 11.87 | |
ROIC | 0.24 | 0.09 | 0.18 | 0.03 | 0.03 | |
Return on tangible assets | 0.03 | 0.03 | 0.11 | 0.01 | 0.04 | |
Graham Net | -18.05 | -20.6 | -21.85 | -22.05 | -36.79 | |
Working capital | 1.99B | 1.35B | 1.21B | 1.15B | 1.21B | |
Tangible asset value | -1.65B | -2.34B | -1.78B | -1.86B | -1.78B | |
Net current asset value | -3.24B | -3.97B | -3.98B | -4.07B | -3.98B | |
Invested capital | 3.15 | 4.01 | 2.02 | 2.21 | 2.06 | |
Average receivables | 1.01B | 1.05B | 887.5M | 865.5M | 904M | |
Average payables | 519.5M | 561M | 549.5M | 508M | 412M | |
Average inventory | 185.5M | 218M | 238M | 209.5M | 171M | |
Days sales outstanding | 65.89 | 48.9 | 49.25 | 48.42 | 56.19 | |
Days payables outstanding | 92.44 | 84.89 | 91.25 | 74.06 | 69.72 | |
Days of inventory on hand | 31.07 | 38.24 | 38.13 | 30 | 29.7 | |
Receivables turnover | 1.37 | 1.84 | 1.83 | 1.86 | 1.6 | |
Payables turnover | 0.97 | 1.06 | 0.99 | 1.22 | 1.29 | |
Inventory turnover | 2.9 | 2.35 | 2.36 | 3 | 3.03 | |
ROE | 0.31 | 0.33 | 0.62 | 0.06 | 0.21 | |
Capex per share | -0.31 | -0.3 | -0.35 | -0.27 | -0.18 |
NTAP Frequently Asked Questions
What is NetApp, Inc. stock symbol ?
NetApp, Inc. is a US stock , located in San jose of Ca and trading under the symbol NTAP
Is NetApp, Inc. buy or a sell ?
37 stock analysts have 37 predictions with a medium analyst target price of $86.27. The lowest prediction is $58 and the highest is $120
What is NTAP stock prediction ?
With a median analyst target price of $73.33, 3 stock analysts have made 3 forecasts in last 90 days. $71 is the lowest and $75 is the greatest projection.
What is NetApp, Inc. stock quote today ?
NetApp, Inc. stock price is $70.281 today.
Is NetApp, Inc. stock public?
Yes, NetApp, Inc. is a publicly traded company.