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Last $31.19 USD
Change Today -0.08 / -0.26%
Volume 3.1M
NTAP On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

netapp inc (NTAP) Snapshot

Open
$31.27
Previous Close
$31.27
Day High
$31.69
Day Low
$31.12
52 Week High
09/19/14 - $43.75
52 Week Low
08/24/15 - $28.88
Market Cap
9.4B
Average Volume 10 Days
5.1M
EPS TTM
$1.50
Shares Outstanding
300.1M
EX-Date
10/7/15
P/E TM
20.7x
Dividend
$0.72
Dividend Yield
2.16%
Current Stock Chart for NETAPP INC (NTAP)

netapp inc (NTAP) Details

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. It offers Data ONTAP storage operating system that delivers integrated data protection, comprehensive data management, and built-in software for virtualized, shared infrastructures, cloud computing, and mixed workload business applications; E-Series storage systems for storage area network workloads (SAN); all-flash arrays that deliver input/output operations per second and ultralow latency to drive speed, responsiveness, and value from the applications that control key business operations; and hybrid arrays for mainstream business applications. The company also offers SANtricity operating System, which delivers data to enterprise SAN applications; OnCommand management software and management integration tools that allow customers to manage, monitor, and optimize their hybrid cloud environments; various data protection software products to protect customers’ data and applications; SteelStore integrated storage products that allow customers to back up their data in private and public cloud environments; and FlexArray storage virtualization software to unify and streamline IT operations. In addition, it provides StorageGRID software that allows organizations to store and manage massive amounts of data on premises and in the cloud; FlexPod solutions to reduce deployment time, project risk, and the cost of IT; and private storage products for cloud solutions. Additionally, the company offers software and hardware maintenance, professional, and customer education and training services, as well as support solutions. It sells its products to energy, financial services, government, high technology, Internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications sectors through a direct sales force and channel partners. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.

12,810 Employees
Last Reported Date: 06/12/15
Founded in 1992

netapp inc (NTAP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $480.0K
President and Head of Go-To-Market Operations
Total Annual Compensation: $650.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $600.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $465.0K
Compensation as of Fiscal Year 2015.

netapp inc (NTAP) Key Developments

NetApp, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended July 31, 2015; Provides Earnings Guidance for the Second Quarter of Fiscal 2016; Reports Assets Impairment for the First Quarter Ended July 31, 2015

NetApp, Inc. reported unaudited consolidated earnings results for the first quarter ended July 31, 2015. Net revenues for the first quarter of fiscal year 2016 were $1.34 billion. GAAP net loss for the first quarter of fiscal year 2016 was $30 million, or $0.10 per share, compared to GAAP net income of $88 million, or $0.27 per share, for the comparable period of the prior year. Non-GAAP net income for the first quarter of fiscal year 2016 was $89 million, or $0.29 per share compared to non-GAAP net income of $198 million, or $0.60 per share, for the comparable period of the prior year. Loss from operations was $26 million against profit from operations of $160 million for the same period a year ago. Loss before tax was $22 million against profit before tax of $160 million for the same period a year ago. Net cash provided by operating activities was $129 million against $216 million for the same period a year ago. Purchases of property and equipment was $38 million against $58 million for the same period a year ago. Non-GAAP income from operations was $103 million against $237 million for the same period a year ago. Non-GAAP income before income tax was $107 million against $237 million for the same period a year ago. The company provided the following financial guidance for the second quarter of fiscal year 2016: Net revenues are expected to be in the range of $1.40 billion to $1.50 billion. GAAP earnings per share is expected to be in the range of $0.35 to $0.40 per share. Non-GAAP earnings per share is expected to be in the range of $0.55 to $0.60 per share. For the quarter, the company reported asset impairment of $11 million.

NetApp, Inc. Announces Dividend, Payable on October 21, 2015

NetApp, Inc. announced that the next dividend in the amount of $0.18 per share will be paid on October 21, 2015, to shareholders of record as of the close of business on October 9, 2015.

NetApp Seeks Acquisitions

NetApp, Inc. (NasdaqGS:NTAP) is seeking acquisitions. NetApp is looking for M&A tuck-ins.

 

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Industry Analysis

NTAP

Industry Average

Valuation NTAP Industry Range
Price/Earnings 22.3x
Price/Sales 1.6x
Price/Book 3.2x
Price/Cash Flow 21.2x
TEV/Sales 0.5x
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