NetApp, Inc. (NTAP) Stock

About NetApp, Inc.

NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California.

NetApp, Inc. is led by CEO George Kurian, employs 11,800 people, headquartered in San Jose, US, publicly traded since 1995.

NetApp, Inc. (NTAP) stock trades at $169.80 with a market capitalization of $33.27B. The stock is valued at a price-to-earnings (P/E) ratio of 19.80, price-to-book of 20.18, price-to-sales of 3.54. Over the past 52 weeks the stock has ranged between $93.69 and $192.83, and currently trades 11.9% below its 52-week high. It pays a dividend yielding 1.73%.

On profitability, NetApp, Inc. generates a return on equity (ROE) of 1.13%, return on capital employed of 128.56%, an operating margin of 20.34%, a net profit margin of 18.07%.

In its most recent fiscal year, NetApp, Inc. reported annual revenue of $6.6B, net profit of $1.2B, revenue has compounded at 4.0% a year over the last five years, profit at 7.7% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 2.36 — a leveraged balance sheet worth monitoring, a current ratio of 1.26, total assets of $10.8B, $2.7B in cash and equivalents.

NTAP has an average daily trading volume of 3,130,000 shares, a beta of 1.43 (more volatile than the overall market).

Official website: www.netapp.com