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NetApp, Inc. (NTAP)

60.355   -1.175 (-1.91%) 03-24 12:05
Open: 61.39 Pre. Close: 61.53
High: 61.47 Low: 59.81
Volume: 580,779 Market Cap: 12,910(M)

Technical analysis

as of: 2023-03-24 10:46:01 AM
Overall:       
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Target: Six months: 75.51     One year: 79.06
Support: Support1: 59.72    Support2: 49.69
Resistance: Resistance1: 64.64    Resistance2: 67.69
Pivot: 62.5
Moving Average: MA(5): 62.17     MA(20): 63.12
MA(100): 65.68     MA(250): 68.25
MACD: MACD(12,26): -1.1     Signal(9): -1
Stochastic oscillator: %K(14,3): 22.7     %D(3): 36.9
RSI: RSI(14): 37.6
52-week: High: 86.29  Low: 58.08
Average Vol(K): 3-Month: 1,816 (K)  10-Days: 2,343 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ NTAP ] has closed above bottom band by 18.0%. Bollinger Bands are 25.9% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 63.08 - 63.5 63.5 - 63.85
Low: 60.15 - 60.55 60.55 - 60.89
Close: 60.93 - 61.59 61.59 - 62.15

Company Description

NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense, and NetApp Cloud Volumes Edge Cache; and cloud operations services, such as NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco, and Spot CloudCheckr. In addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

Headline News

Thu, 23 Mar 2023
NetApp Inc. stock underperforms Thursday when compared to competitors - MarketWatch

Tue, 21 Mar 2023
Counterpoint Mutual Funds LLC Invests $121000 in NetApp, Inc ... - MarketBeat

Tue, 21 Mar 2023
Should You Think About Buying NetApp, Inc. (NASDAQ:NTAP) Now? - Simply Wall St

Sat, 18 Mar 2023
NetApp, Inc. (NASDAQ:NTAP) President Sells $1081620.00 in Stock - MarketBeat

Fri, 17 Mar 2023
NetApp (NTAP) & CGI to Aid Clients Unlock Cloud Potential - Nasdaq

Sun, 12 Mar 2023
Quantamental Technologies LLC reduces its stake in NetApp, Inc ... - Best Stocks

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Technology
Industry:  Computer Hardware
Shares Out. 216 (M)
Shares Float 215 (M)
% Held by Insiders 0.3 (%)
% Held by Institutions 90.7 (%)
Shares Short 5,840 (K)
Shares Short P.Month 5,190 (K)

Stock Financials

EPS 2.64
EPS Est Next Qtl 0.85
EPS Est This Year 3.11
EPS Est Next Year 3.4
Book Value (p.s.) 2.15
Profit Margin (%) 22.5
Operating Margin (%) 18.3
Return on Assets (ttm) 7.9
Return on Equity (ttm) 150.4
Qtrly Rev. Growth 6.1
Gross Profit (p.s.) 19.57
Sales Per Share 30.38
EBITDA (p.s.) 6.4
Qtrly Earnings Growth 248
Operating Cash Flow 1,170 (M)
Levered Free Cash Flow 682 (M)

Stock Valuations

PE Ratio 22.97
PEG Ratio 1.4
Price to Book value 28.2
Price to Sales 1.99
Price to Cash Flow 11.17

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date 2022-01-25
Ex-Dividend Date 2022-01-05
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