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Market Cap 16.67B P/E 13.55 EPS this Y 6.50% Ern Qtrly Grth 18.80%
Income 986M Forward P/E 12.57 EPS next Y 7.60% 50D Avg Chg 5.00%
Sales 6.27B PEG 3.01 EPS past 5Y 13.03% 200D Avg Chg 16.00%
Dividend 3.00% Price/Book 14.35 EPS next 5Y 6.15% 52W High Chg -3.00%
Recommedations 2.70 Quick Ratio 1.04 Shares Outstanding 205.80M 52W Low Chg 35.00%
Insider Own 0.41% ROA 8.04% Shares Float 204.64M Beta 1.24
Inst Own 94.29% ROE 85.55% Shares Shorted/Prior 4.97M/4.92M Price 78.46
Gross Margin 70.72% Profit Margin 15.73% Avg. Volume 2,224,804 Target Price 126.01
Oper. Margin 22.00% Earnings Date Aug 28 Volume 2,239,891 Change -0.52%
About NetApp, Inc.

NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Hybrid Cloud and Public Could. The company offers data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Astra; and storage infrastructure solutions, including NetApp All-Flash FAS, NetApp All-Flash FAS with capacity flash, NetApp All-Flash SAN Array, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp BlueXP, BlueXP Sync, BlueXP Tiering, NetApp Backup, BlueXP Compliance, and BlueXP Cache; and cloud operations services consist of NetApp Cloud Insights, Spot by NetApp, and Instaclustr. In addition, the company offers professional and support services, such as storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, and migration services. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

NTAP Chatroom

User Image indievestments Posted - 12 hours ago

$ORCL exiting Advertising business and redirecting resources to AI + cloud is bullish for potential $NTAP acquisition. Helps with bringing $CERN tech in house (Cerner is long time NTAP customer) re lowering costs etc.

User Image Andrewfritzen01 Posted - 1 day ago

$NTAP we all see it’s extension

User Image Andrewfritzen01 Posted - 1 day ago

$NTAP maybe you get lucky πŸ€. I wish you luck up here. Maybe a buyout sends it ? Waiting on a break and retest

User Image indievestments Posted - 1 day ago

Elon said at $TSLA shareholder meeting re question about laws of scaling neural nets: .... "There is also massive data storage challenges because you have petabytes of video data coming in ...." paging Larry Ellison $ORCL $NTAP $TSLA

User Image indievestments Posted - 1 day ago

$NTAP backdoor way for $ORCL to get hooked into $AMZN AWS? Larry has said in the past he loves NetApp and quoted by saying 60% of NTAP biz was storing Oracle databases (as of 2010). Wonder if he loves the stonk? His buddy πŸ‘‘ Elon gonna need a lot of storage ...... https://aws.amazon.com/blogs/aws/new-scale-out-file-systems-for-amazon-fsx-for-netapp-ontap/#:~:text=You%20can%20now%20create%20Amazon,in%20the%20tens%20of%20milliseconds.

User Image soldhouseAllin Posted - 2 days ago

$NTAP i will buy at 123-124

User Image indievestments Posted - 2 days ago

$NTAP George Shaheen remaining 3450 RSUs won't vest if he isn't on the Board as of next Annual Shareholder Meeting in Sept. cc Larry Ellison, Safra Catz $ORCL 🀣🀣🀣

User Image TC_Gary Posted - 2 days ago

$NTAP trending higher. Check out Trading Central's Option Insight preferred strategy "Bull Call Spread"

User Image TalkMarkets Posted - 2 days ago

Chart Of The Day: #NetApp - Computer Technology At New Highs $NTAP https://talkmarkets.com/content/stocks--equities/chart-of-the-day-netapp-computer-technology-at-new-highs?post=450186

User Image cheating_stock_investor Posted - 2 days ago

$NTAP picked up more aug 150 calls. Imho they will raise guidance before er on august and may end up like $smci played out earlier in the year. The way george was pissed off about the deception going on with flash technology he will be out to prove how netapp is much more advanced. Also with the new cco coming on board next month expect strong momentum to continue This is still a story for 2024 and 2025. Assuming of course nobody has picked this up yet by aug.

User Image cheating_stock_investor Posted - 2 days ago

$NTAP throw these guys $SSNLF into the interested parties. https://www.kedglobal.com/mergers-acquisitions/newsView/ked202404120007 They are the largest ssd and nand supplier.

User Image Andrewfritzen01 Posted - 3 days ago

$NTAP just me scalping that short . Your uptrend still intact

User Image cheating_stock_investor Posted - 3 days ago

$NTAP filling the gap. 🫑

User Image cheating_stock_investor Posted - 3 days ago

$NTAP https://www.youtube.com/watch?v=o0CorRWrQsI

User Image Stocksrunner Posted - 3 days ago

🎯 Target Price Updates: $NEE: BMO Capital raises NextEra Energy's target, maintaining an Outperform rating. $SAIA: Susquehanna cuts Saia's target while maintaining a positive outlook on the stock. $NTAP: Morgan Stanley lifts NetApp's target following Analyst Day. $AGCO: AGCO sees a target cut amid market challenges but holds an Outperform rating. $MNST: Roth/MKM cuts Monster Beverage's target on slowing US sales growth. Stay informed with these updates as market dynamics evolve throughout the day! https://stocksrunner.com/target

User Image erevnon Posted - 3 days ago

Susquehanna maintains NetApp $NTAP at Positive and raises the price target from $138 to https://marketsblock.com/stock-upgrades-and-downgrades/

User Image Stocksrunner Posted - 3 days ago

$NTAP gains momentum post 2024 Investor Day, likely due to strategic updates and market outlook.

User Image cheating_stock_investor Posted - 3 days ago

$NTAP all the upgrades today but πŸ₯±

User Image cheating_stock_investor Posted - 3 days ago

$NTAP @Ayrich any thoughts on this guy who joined from $pstg? https://seekingalpha.com/news/4114817-netapp-ropes-in-pure-storages-mike-sakalas-to-expand-sales-leadership?source=copy_to_clipboard

User Image erevnon Posted - 3 days ago

Morgan Stanley maintains NetApp $NTAP at Equal-Weight and raises the price target from $106 to https://marketsblock.com/stock-upgrades-and-downgrades/

User Image erevnon Posted - 3 days ago

TD Cowen maintains NetApp $NTAP at Buy and raises the price target from $135 to https://marketsblock.com/stock-upgrades-and-downgrades/

User Image erevnon Posted - 3 days ago

Wells Fargo maintains NetApp $NTAP at Equal-Weight and raises the price target from $120 to https://marketsblock.com/stock-upgrades-and-downgrades/

User Image RockLesnar Posted - 3 days ago

$NTAP

User Image OptionSamurai Posted - 3 days ago

$NTAP appears in our Dividend Capture scan. The idea is to buy shares + sell call to enjoy premium and the dividend. β˜‘ The Fundamental score is 7 β˜‘ Growth score is 9 β˜‘ Dividend date 05-Jul-24 β˜‘ IV Percentile is 33.7% Covered Call 126.0, 05-Jul-24: πŸ“ˆ An annualized return of 31.3% πŸ“‰ The breakeven point is 2.4% πŸ‘‰ See more results & customize here: https://bit.ly/3lR1xIP

User Image cheating_stock_investor Posted - 3 days ago

@indievestments i still feel if this is to go through it will land less than 185 per share just based on where it started at 80s to where it is today plus premium. Iv is low and the way they been guiding they want a conservative shareholder base moving forward. Recall gsky sold for less than 50% premium The only risk going forward at this point is time.

User Image cheating_stock_investor Posted - 3 days ago

$NTAP took profit and rolled over some of my 120 july calls to 150 august in case theres some final touches needed. In any case should still give a better return at these levels after buying them at 85 out of the money back in feb

User Image indievestments Posted - 4 days ago

$NTAP πŸ€”

User Image cheating_stock_investor Posted - 4 days ago

$NTAP susquehanna and jp morgan are becoming believers after today's conf. 155pt from 138 and 130pt from 125.

User Image cheating_stock_investor Posted - 4 days ago

$NTAP looks like this keeps getting accumulated until it gets taken out

User Image cheating_stock_investor Posted - 4 days ago

@indievestments actually when i saw another defection from $pstg to $ntap made me think, could it actually be pure in play? Thinking giancarlo is from silver lake and has the backing from the likes it could also be in the race to sell as being the last of the standalones could only make things difficult. May explain why kurian is also very emotional about the bs. Again i seen this as when isilon and 3par sold years ago. While $cvlt got stuck and didnt make a deal Reading the tea leaves however, pure isnt one a company like $avgo will want since they will keep top talent to continue innovation, while a company consolidating will let go of people on the fly. The only side i see in a takeover that will reduce significant headcount is the 3000 sales heads mentioned today

Analyst Ratings
Wedbush Neutral Jun 12, 24
Susquehanna Positive Jun 12, 24
Stifel Buy Jun 12, 24
Morgan Stanley Equal-Weight Jun 12, 24
TD Cowen Buy Jun 12, 24
Wells Fargo Equal-Weight Jun 12, 24
Argus Research Buy Jun 5, 24
Barclays Equal-Weight May 31, 24
TD Cowen Buy May 31, 24
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
NEVENS THOMAS MICHAEL Director Director Oct 02 Sell 75.7995 7,000 530,596 14,789 10/04/23
CERNUDA CESAR President President Oct 02 Sell 75.7006 22,000 1,665,413 81,659 10/04/23
SHAHEEN GEORGE T Director Director Sep 12 Option 0.00 3,450 32,342 09/14/23
Schenkel Scott F. Director Director Sep 12 Option 0.00 3,450 24,606 09/14/23
Palin Carrie Director Director Sep 12 Option 0.00 3,450 3,450 09/14/23
NEVENS THOMAS MICHAEL Director Director Sep 12 Option 0.00 4,485 21,789 09/14/23
Kurian George Chief Executive Offi.. Chief Executive Officer Sep 12 Sell 78.3691 4,500 352,661 272,136 09/14/23
KERR DEBORAH Director Director Sep 12 Option 0.00 3,450 19,150 09/14/23
HELD GERALD Director Director Sep 12 Sell 78.5 5,634 442,269 17,457 09/14/23
HELD GERALD Director Director Sep 12 Option 0 3,450 20,907 09/14/23
Kurian George Chief Executive Offi.. Chief Executive Officer Apr 04 Sell 64.27 2,250 144,608 144,920 04/06/23
Kurian George Chief Executive Offi.. Chief Executive Officer Jan 09 Sell 64.50 2,250 145,125 154,726 01/11/23
Kurian George Chief Executive Offi.. Chief Executive Officer Jan 03 Sell 60.40 2,250 135,900 156,976 01/05/23
Palin Carrie Director Director Dec 05 Sell 64.3012 2,707 174,063 12/07/22
Kurian George Chief Executive Offi.. Chief Executive Officer Dec 05 Sell 65.29 4,500 293,805 159,226 12/07/22
SHAHEEN GEORGE T Director Director Sep 08 Option 0.00 2,707 28,892 09/12/22
Schenkel Scott F. Director Director Sep 08 Option 0.00 2,707 21,156 09/12/22
Palin Carrie Director Director Sep 08 Option 0.00 2,707 2,707 09/12/22
KERR DEBORAH Director Director Sep 08 Option 0.00 2,707 15,700 09/12/22
HELD GERALD Director Director Sep 08 Option 0.00 2,707 23,091 09/12/22
Kurian George Chief Executive Offi.. Chief Executive Officer Jul 25 Sell 69.69 4,250 296,182 161,450 07/27/22
Kurian George Chief Executive Offi.. Chief Executive Officer Jul 20 Sell 70.00 2,125 148,750 165,700 07/21/22
Kurian George Chief Executive Offi.. Chief Executive Officer Jun 21 Sell 65.04 2,125 138,210 167,825 06/23/22
CERNUDA CESAR President President May 31 Sell 64.68 18,000 1,164,240 61,075 06/17/22
BERRY MICHAEL J EVP Finance & Operat.. EVP Finance & Operations, CFO Jun 03 Buy 72.0433 5,000 360,216 95,875 06/06/22
Kurian George Chief Executive Offi.. Chief Executive Officer May 23 Sell 66.95 2,125 142,269 156,129 05/24/22
Kurian George CEO CEO Apr 18 Sell 75.5 4,250 320,875 130,576 04/19/22
CERNUDA CESAR President President Mar 15 Sell 80.7937 14,000 1,131,112 53,507 03/17/22
Kurian George CEO CEO Feb 22 Sell 90.391 4,250 384,162 139,076 02/24/22
Kurian George CEO CEO Jan 24 Sell 83.7179 4,250 355,801 143,326 01/26/22