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NetApp (NTAP)

(Delayed Data from NSDQ)

$101.33 USD

101.33
2,124,804

+0.39 (0.39%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $100.16 -1.17 (-1.15%) 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
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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1-Strong Buy of 5 1        

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 11% (27 out of 252)

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.

4/30/2023 4/30/2022 4/30/2021 4/30/2020 4/30/2019
Assets          
Cash & Equivalents 3,070 4,134 4,596 2,882 3,899
Receivables 987 1,230 945 973 1,216
Notes Receivable 0 0 0 0 0
Inventories 167 204 114 145 131
Other Current Assets 456 377 346 274 364
Total Current Assets 4,680 5,945 6,001 4,274 5,610
Net Property & Equipment 650 602 525 727 759
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 2,940 2,488 2,140 1,822 1,782
Deposits & Other Assets 1,548 991 694 699 590
Total Assets 9,818 10,026 9,360 7,522 8,741
Liabilities & Shareholders Equity 4/30/2023 4/30/2022 4/30/2021 4/30/2020 4/30/2019
Notes Payable 0 0 0 0 0
Accounts Payable 392 607 420 426 542
Current Portion Long-Term Debt 0 250 0 0 400
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 857 925 970 774 851
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 2,218 2,171 2,062 2,416 2,074
Total Current Liabilities 3,467 3,953 3,452 3,616 3,867
Mortgages 0 0 0 0 0
Deferred Taxes/Income 2,095 2,061 1,941 1,804 1,843
Convertible Debt 0 0 0 0 0
Long-Term Debt 2,389 2,386 2,632 1,146 1,144
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 708 788 650 714 797
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 8,659 9,188 8,675 7,280 7,651
Shareholders Equity 4/30/2023 4/30/2022 4/30/2021 4/30/2020 4/30/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 945 760 504 284 1,133
Capital Surplus 0 0 0 0 0
Retained Earnings 265 122 211 0 0
Other Equity -51 -44 -30 -42 -43
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 1,159 838 685 242 1,090
Total Liabilities & Shareholder's Equity 9,818 10,026 9,360 7,522 8,741
Total Common Equity 1,159 838 685 242 1,090
Shares Outstanding 213.90 222.50 222.60 221.10 246.90
Book Value Per Share 5.42 3.77 3.08 1.09 4.41

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

All items in Millions except Per Share data.

1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023
Assets          
Cash & Equivalents 2,917 2,620 2,975 3,070 3,141
Receivables 787 787 653 987 821
Notes Receivable 0 0 0 0 0
Inventories 131 122 131 167 175
Other Current Assets 492 464 401 456 403
Total Current Assets 4,327 3,993 4,160 4,680 4,540
Net Property & Equipment 607 623 641 650 667
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 2,897 2,911 2,925 2,940 2,965
Deposits & Other Assets 1,538 1,546 1,544 1,548 1,538
Total Assets 9,369 9,073 9,270 9,818 9,710
Liabilities & Shareholders Equity 1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023
Notes Payable 0 0 0 0 0
Accounts Payable 396 411 344 392 432
Current Portion Long-Term Debt 400 400 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 876 919 778 857 835
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 2,093 2,003 2,127 2,218 2,126
Total Current Liabilities 3,765 3,733 3,249 3,467 3,393
Mortgages 0 0 0 0 0
Deferred Taxes/Income 2,034 1,999 2,055 2,095 2,090
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,991 1,991 2,390 2,389 2,388
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 585 703 708 737
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 8,375 8,303 8,397 8,659 8,608
Shareholders Equity 1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 934 825 921 945 889
Capital Surplus 0 0 0 0 0
Retained Earnings 115 0 0 265 268
Other Equity -55 -55 -48 -51 -55
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 994 770 873 1,159 1,102
Total Liabilities & Shareholder's Equity 9,369 9,073 9,270 9,818 9,710
Total Common Equity 994 770 873 1,159 1,102
Shares Outstanding 206.30 206.00 212.40 213.90 213.90
Book Value Per Share 4.82 3.74 4.11 5.42 5.15