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NetApp (NTAP)

(Delayed Data from NSDQ)

$121.13 USD

+4.73 (4.06%)

Updated Nov 6, 2024 03:59 PM ET

After-Market: $121.13 0.00 (0.00%) 7:58 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
1	Strong Buy	24.10%
2	Buy	17.80%
3	Hold	9.50%
4	Sell	2.70%
5	Strong Sell	2.70%
S&P	500	11.20%

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2-Buy of 5 2

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.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value A Growth D Momentum B VGM

Industry Rank:

Top 11% (28 out of 251)

Industry: Computer- Storage Devices

View All Zacks #1 Ranked Stocks

Research for NTAP

Annual Key Company Metrics
Quarterly Key Company Metrics

Revenue - Line of Business Segments	YR Estimate	04/30/2023	04/30/2022	04/30/2021	04/30/2020	04/30/2019
Revenue: Product [$M]		3,049	3,284	2,991	2,995	3,755
Revenue: Professional and Other S...		319	294	277	241	--
Revenue: Support [$M]		2,419	2,344	2,277	2,114	--
Net Revenue: Hybrid Cloud [$M]		5,787	5,922	5,545	5,350	--
Net Revenue: Public Cloud [$M]		575	396	199	62	--
Net Service revenue [$M]		3,313	3,034	2,753	2,417	--
Product Revenues: Software [$M]	--	1,798	1,926	1,636	1,454	--
Product Revenues: Hardware [$M]	--	1,251	1,358	1,355	1,541	--
Revenue - Geographic Segments	YR Estimate	04/30/2023	04/30/2022	04/30/2021	04/30/2020	04/30/2019
Geographic Revenue: United States...		3,245	3,460	3,097	2,863	3,425
Geographic Revenue: Europe, Middl...		2,163	1,979	1,775	1,742	1,847
Geographic Revenue: Asia Pacific ...		954	879	872	807	874
Income - Line of Business	YR Estimate	04/30/2023	04/30/2022	04/30/2021	04/30/2020	04/30/2019
Gross Profit: Products [$M]		1,538	1,743	1,589	1,669	--
Gross Profit: Support [$M]		2,238	2,160	2,076	1,926	--
Gross Profit: Professional and Ot...		108	89	71	53	--
Gross Profit: Hybrid Cloud [$M]		3,884	3,992	3,736	3,648	--
Gross Profit: Public Cloud [$M]		391	278	134	27	--
Expenses - Line of Business	YR Estimate	04/30/2023	04/30/2022	04/30/2021	04/30/2020	04/30/2019
Cost of products: GAAP [$M]		1,517	1,554	1,432	1,368	1,752
Cost of service revenue [$M]		636	544	497	421	--
NFM - Operating & Non Financial Metrics	YR Estimate	04/30/2023	04/30/2022	04/30/2021	04/30/2020	04/30/2019
Total Revenue: Reported [%]		1	10	6	-12	4
Product: Reported [%]		--	--	0	-20	7
Gross margin - Product - Non GAAP...		50	53	53	56	54
Services gross margin - Non-GAAP ...		83	83	83	--	--
Billings [$M]		6,408	6,702	--	--	--
Geographic Mix: EMEA [%]		34	31	31	32	30
Geographic Mix: Asia-Pacific [%]		15	14	15	15	14
Americas - Reported [%]		51	55	54	53	56
Revenue Geographic Mix - Americas...		40	--	--	--	--
Revenue Geographic Mix - Americas...		11	--	--	--	--

Revenue - Line of Business Segments	Qtr Estimate	07/31/2024	04/30/2024	01/31/2024	10/31/2023	07/31/2023
Revenue: Product [$M]		669	806	747	706	590
Revenue: Professional and Other S...		82	87	77	79	77
Revenue: Support [$M]		631	623	631	623	611
Net Revenue: Hybrid Cloud [$M]		1,382	1,516	1,455	1,408	1,278
Net Revenue: Public Cloud [$M]		159	152	151	154	154
Net Service revenue [$M]		872	862	859	856	842
Product Revenues: Software [$M]	--	--	446	412	398	342
Product Revenues: Hardware [$M]	--	--	360	335	308	248
Revenue - Geographic Segments	Qtr Estimate	07/31/2024	04/30/2024	01/31/2024	10/31/2023	07/31/2023
Geographic Revenue: United States...		763	851	802	789	754
Geographic Revenue: Europe, Middl...		513	567	567	525	446
Geographic Revenue: Asia Pacific ...		265	250	237	248	232
Income - Line of Business	Qtr Estimate	07/31/2024	04/30/2024	01/31/2024	10/31/2023	07/31/2023
Gross Profit: Products [$M]		401	494	467	431	326
Gross Profit: Support [$M]		581	574	582	573	564
Gross Profit: Professional and Ot...		18	20	19	19	19
Gross Profit: Hybrid Cloud [$M]		1,000	1,088	1,068	1,023	909
Gross Profit: Public Cloud [$M]		113	104	99	102	103
Expenses - Line of Business	Qtr Estimate	07/31/2024	04/30/2024	01/31/2024	10/31/2023	07/31/2023
Cost of products: GAAP [$M]		269	314	282	276	265
Cost of service revenue [$M]		174	178	173	176	171
NFM - Operating & Non Financial Metrics	Qtr Estimate	07/31/2024	04/30/2024	01/31/2024	10/31/2023	07/31/2023
Total Revenue: Reported [%]		8	6	5	-6	-10
Product: Reported [%]		13	--	10	-16	-25
Gross margin - Product - Non GAAP...		60	61	63	61	55
Services gross margin - Non-GAAP ...		82	81	82	81	82
Billings [$M]		1,449	1,814	1,687	1,454	1,299
Geographic Mix: EMEA [%]		33	34	35	34	31
Geographic Mix: Asia-Pacific [%]		17	15	15	16	16
Americas - Reported [%]		50	51	50	50	53
Revenue Geographic Mix - Americas...		39	41	41	37	41
Revenue Geographic Mix - Americas...		11	10	9	13	12

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