NetApp, Inc. (NTAP) is currently priced at $107.73, experiencing a decrease of 71 cents or -0.655% from the previous close of $108.44. The trading volume stands at $231,565, representing a 9.83% deviation from the average.
In the latest earnings report released on Wednesday, February 25th, NTAP reported earnings per share of $2.12, surpassing the consensus estimate of $2.07. The total revenue for the quarter was $1.71 billion, falling short of the consensus estimate of $1.85 billion.
NTAP offers a forward dividend yield of 1.93%, with a dividend per share MRQ of 52 cents. The year-over-year dividend per share change is 0.9709 cents, while the trailing twelve months dividend per share amounts to $2.08.
The company generated a free cash flow of $271 million, with operating cash flow at $317 million. Notably, NTAP repurchased common stock worth -$200 million, resulting in a net change in cash of -$443 million.
NTAP recorded a gross profit of $1.21 billion, with operating income at $431 million and a net income of $334 million. Earnings per share (EPS) and diluted EPS stand at $1.69 and $1.67, respectively.
Key financial ratios for NTAP include a gross profit margin of 70.58%, return on equity at 28.84%, and a price-to-sales ratio of 11.26. The debt-equity ratio is notably high at 236.1, while the price-to-earnings ratio is 14.44.
The company's balance sheet depicts total assets of $9.97 billion, with total liabilities at $8.81 billion. Notably, NTAP holds $1.63 billion in cash and cash equivalents.
This comprehensive financial analysis provides insights into the current standing of NetApp, Inc. and its performance in the market.
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense, and NetApp Cloud Volumes Edge Cache; and cloud operations services, such as NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco, and Spot CloudCheckr. In addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.