Last $42.31 USD
Change Today +0.11 / 0.26%
Volume 2.9M
NTAP On Other Exchanges
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

netapp inc (NTAP) Snapshot

Open
$42.60
Previous Close
$42.20
Day High
$42.60
Day Low
$42.28
52 Week High
01/23/14 - $45.96
52 Week Low
05/7/14 - $33.34
Market Cap
13.5B
Average Volume 10 Days
3.8M
EPS TTM
$2.01
Shares Outstanding
319.3M
EX-Date
01/7/15
P/E TM
21.0x
Dividend
$0.66
Dividend Yield
1.49%
Current Stock Chart for NETAPP INC (NTAP)

netapp inc (NTAP) Details

NetApp, Inc. is engaged in design, manufacture, and marketing of networked storage solutions. The company provides storage and data management software, systems, and services. It offers Data ONTAP storage operating system that delivers integrated data protection, comprehensive data management, and built-in efficiency software for virtualized, shared infrastructures, cloud computing, and mixed workload business applications; storage efficiency technologies; FlexArray storage virtualization software, which unifies and simplifies IT operations by virtualizing arrays; data protection software products; and data retention and archive products. The company also provides storage management and application integration software to control, automate, and analyze shared storage infrastructures; StorageGRID, an object storage software to manage petabyte-scale object-oriented repositories of images, video, and records for enterprises and service providers; and storage encryption solutions provide access to encryption of data at rest through the use of self-encrypting drives. In addition, it offers and E-Series systems for data storage. Further, the company provides hardware maintenance, and software entitlement and maintenance; professional services; technical support solutions; and customer education and training to help customers in managing their data. It sells its products to energy, financial services, government, high technology, Internet, life sciences and healthcare services, manufacturing, media, entertainment, animation and video postproduction, and telecommunications sectors through a direct sales force and channel partners, including value-added resellers, system integrators, original equipment manufacturers, and distributors. The company operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1992 and is headquartered in Sunnyvale, California.

12,490 Employees
Last Reported Date: 06/17/14
Founded in 1992

netapp inc (NTAP) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $942.5K
President and Head of Go-To-Market Operations
Total Annual Compensation: $613.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $504.3K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $430.0K
Executive Vice President of Product Operation...
Total Annual Compensation: $428.0K
Compensation as of Fiscal Year 2014.

netapp inc (NTAP) Key Developments

Netapp, Inc. Announces Dividend for the Second Quarter Ended October 24, 2014, Payable on January 22, 2015

Netapp, Inc. announced dividend for the second quarter ended October 24, 2014 of $0.165 per share will be paid on January 22, 2015, to shareholders of record as of the close of business on January 9, 2015.

NetApp, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended October 24, 2014; Provides Earnings Guidance for the Third Quarter of 2015

NetApp, Inc. announced unaudited consolidated financial results for the second quarter and six months ended October 24, 2014. For the quarter, the company reported net revenues of $1,542.5 million against $1,549.9 million a year ago. Income from operations was $192.5 million against $186.9 million a year ago. Income before income taxes was $188.9 million against $192.2 million a year ago. Net income was $159.8 million or $0.49 per diluted share against $166.8 million or $0.48 per diluted share a year ago. Net cash provided by operating activities was $381.4 million against $362.5 million a year ago. Purchases of property and equipment was $51.1 million against $42.2 million a year ago. Non-GAAP net income was $226.4 million or $0.70 per diluted share against $231.5 million or $0.66 per diluted share a year ago. Non-GAAP income before income taxes was $271.2 million against $275.8 million a year ago. Non-GAAP income from operations was $274.8 million against $270.5 million a year ago. For the six months, the company reported net revenues of $3,031.7 million against $3,066.1 million a year ago. Income from operations was $352.4 million against $283.8 million a year ago. Income before income taxes was $348.6 million against $284.5 million a year ago. Net income was $248.2 million or $0.76 per diluted share against $248.4 million or $0.70 per diluted share a year ago. Net cash provided by operating activities was $596.9 million against $648.3 million a year ago. Purchases of property and equipment was $109.5 million against $107.5 million a year ago. For the third quarter of 2015, the company expects non-GAAP guidance - net income per share in range of $0.74 - $0.79 and GAAP guidance - net income per share in range of $0.52 - $0.57. Net revenues are expected to be in the range of $1.56 billion to $1.66 billion. Non-GAAP gross margins to range from approximately 64% to 64.5% and non-GAAP operating margins to range from approximately 18% to 18.5%. The company continue to expect its non-GAAP effective tax rate for the year to be about 16.5%.

NetApp, Inc. Announces General Availability of NetApp® SteelStore® Appliance and the NetApp Cloud ONTAP® System

NetApp, Inc. announced the general availability of two new products, the NetApp® SteelStore® appliance and the NetApp Cloud ONTAP® system, on Amazon Web Services® (AWS). NetApp helps customers integrate cloud storage resources in the way that works best for them. Now enterprises have additional options to extend their existing on-premises data management and data protection operations to AWS. AWS offers enterprises compute and storage resources to use as they see fit. The NetApp Cloud ONTAP system on AWS enables customers to control their data in the cloud with the same management features of the NetApp Data ONTAP® operating system and a familiar set of interfaces and tools they use on the premises. Customers can also replace their traditional backup, archive, and recovery solutions with NetApp SteelStore cloud-integrated storage to securely and efficiently back up and recover their business data on AWS. The cloud is providing enterprise customers with a different consumption model for the critical IT resources that scale to meet the specific needs of their business.

 

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NTAP

Industry Average

Valuation NTAP Industry Range
Price/Earnings 22.2x
Price/Sales 2.1x
Price/Book 3.9x
Price/Cash Flow 21.2x
TEV/Sales 1.1x
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