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NetApp (NTAP)

(Real Time Quote from BATS)

$129.14 USD

129.14
492,998

+0.80 (0.62%)

Updated Jul 23, 2024 03:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value B Growth C Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 28% (70 out of 250)

Industry: Computer- Storage Devices

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Balance Sheet

Research for NTAP

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for NetApp, Inc falls in the month of April.

All items in Millions except Per Share data.

4/30/2024 4/30/2023 4/30/2022 4/30/2021 4/30/2020
Assets          
Cash & Equivalents 3,252 3,070 4,134 4,596 2,882
Receivables 1,007 987 1,230 945 973
Notes Receivable 0 0 0 0 0
Inventories 186 167 204 114 145
Other Current Assets 452 456 377 346 274
Total Current Assets 4,897 4,680 5,945 6,001 4,274
Net Property & Equipment 604 650 602 525 727
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 2,883 2,940 2,488 2,140 1,822
Deposits & Other Assets 1,503 1,548 991 694 699
Total Assets 9,887 9,818 10,026 9,360 7,522
Liabilities & Shareholders Equity 4/30/2024 4/30/2023 4/30/2022 4/30/2021 4/30/2020
Notes Payable 0 0 0 0 0
Accounts Payable 517 392 607 420 426
Current Portion Long-Term Debt 400 0 250 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 1,013 857 925 970 774
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 2,176 2,218 2,171 2,062 2,416
Total Current Liabilities 4,106 3,467 3,953 3,452 3,616
Mortgages 0 0 0 0 0
Deferred Taxes/Income 2,058 2,095 2,061 1,941 1,804
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,992 2,389 2,386 2,632 1,146
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 585 708 788 650 714
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 8,741 8,659 9,188 8,675 7,280
Shareholders Equity 4/30/2024 4/30/2023 4/30/2022 4/30/2021 4/30/2020
Preferred Stock 0 0 0 0 0
Common Stock (Par) 997 945 760 504 284
Capital Surplus 0 0 0 0 0
Retained Earnings 208 265 122 211 0
Other Equity -59 -51 -44 -30 -42
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 1,146 1,159 838 685 242
Total Liabilities & Shareholder's Equity 9,887 9,818 10,026 9,360 7,522
Total Common Equity 1,146 1,159 838 685 242
Shares Outstanding 205.80 213.90 222.50 222.60 221.10
Book Value Per Share 5.57 5.42 3.77 3.08 1.09

Fiscal Year End for NetApp, Inc falls in the month of April.

All items in Millions except Per Share data.

4/30/2024 1/31/2024 10/31/2023 7/31/2023 4/30/2023
Assets          
Cash & Equivalents 3,252 2,917 2,620 2,975 3,070
Receivables 1,007 787 787 653 987
Notes Receivable 0 0 0 0 0
Inventories 186 131 122 131 167
Other Current Assets 452 492 464 401 456
Total Current Assets 4,897 4,327 3,993 4,160 4,680
Net Property & Equipment 604 607 623 641 650
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 2,883 2,897 2,911 2,925 2,940
Deposits & Other Assets 1,503 1,538 1,546 1,544 1,548
Total Assets 9,887 9,369 9,073 9,270 9,818
Liabilities & Shareholders Equity 4/30/2024 1/31/2024 10/31/2023 7/31/2023 4/30/2023
Notes Payable 0 0 0 0 0
Accounts Payable 517 396 411 344 392
Current Portion Long-Term Debt 400 400 400 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 1,013 876 919 778 857
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 2,176 2,093 2,003 2,127 2,218
Total Current Liabilities 4,106 3,765 3,733 3,249 3,467
Mortgages 0 0 0 0 0
Deferred Taxes/Income 2,058 2,034 1,999 2,055 2,095
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,992 1,991 1,991 2,390 2,389
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 585 580 703 708
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 8,741 8,375 8,303 8,397 8,659
Shareholders Equity 4/30/2024 1/31/2024 10/31/2023 7/31/2023 4/30/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 997 934 825 921 945
Capital Surplus 0 0 0 0 0
Retained Earnings 208 115 0 0 265
Other Equity -59 -55 -55 -48 -51
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 1,146 994 770 873 1,159
Total Liabilities & Shareholder's Equity 9,887 9,369 9,073 9,270 9,818
Total Common Equity 1,146 994 770 873 1,159
Shares Outstanding 205.80 206.30 206.00 212.40 213.90
Book Value Per Share 5.57 4.82 3.74 4.11 5.42