Home News Present Performance: NetApp (NASDAQ: NTAP)

Present Performance: NetApp (NASDAQ: NTAP)

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NetApp trades as part of the technology sector and is part of the computer hardware industry. The company CEO is George Kurian. NetApp Inc provides technology solutions. It is engaged in the design, manufacturing, marketing, and technical support of high-performance storage and data management solutions. Its core product offering icnlude data storage devices such as flash drives.

Previous Intraday Trading Performance:

The NTAP stock showed a previous change of -0.49% with an open at 58.82 and a close of 58.91. It reached an intraday high of 59.13 and a low of 58.20.

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Liquidity:

The stock has a market cap of $14.5b with 247.0m shares outstanding, of which the float is 245.9m shares. Trading volume reached 4,322,244 shares compared to its average volume of 3,006,287 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, NetApp shares returned -2.95% and in the past 30 trading days it returned -23.19%. Over three months, it changed -8.23%. In one year it has changed -15.50% and within that year its 52-week high was 88.08 and its 52-week low was 54.50. NTAP stock is 8.09% above its 52 Week Low.

Our calculations show a 200 day moving average of 70.87 and a 50 day moving average of 69.74. Currently NTAP stock is trading -16.88% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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Earnings:

The last annual fiscal EPS for the company was reported at 4.53 that ended on 30th of April 2019, which according to the previous close, that is a PE of 13.00. Based on 9 analyst estimates, the consensus EPS for the next quarter is 0.69. The TTM EPS is 3.41, which comes to a TTM PE of 17.28. Historically, the PE high was 367.00 and the PE low was 11.70. If the stock reached its PE low, that would represent a price of 39.89, which is a decrease of -32.29%.

Below was the last reported quarterly diluted earnings per share:

Apr19 (Reported on 05/22/2019): 1.59
Jan19 (Reported on 02/13/2019): 0.98
Oct18 (Reported on 11/14/2018): 0.91
Jul18 (Reported on 08/15/2018): 1.05
Apr18 (Reported on 05/23/2018): 0.99

The dividend per share is currently 1.92, which is a dividend yield of 3.26%. Also, the payout ratio is 56.30%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 69.44, which means it is possibly undervalued and has a margin of safety of 15.17%.

Indicators to Watch:

The current calculated beta is 1.52.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 77.71%, return on assets is 13.06%, profit margin is 19.04%, price-to-sales is 2.38 and price-to-book is 13.41.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 5  :Past Performance Score
 4  :Financial Strength Score
 1  :Future Growth Score
 3  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.