Intrinsic value of NetApp - NTAP

Previous Close

$39.87

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$39.87

 
Intrinsic value premium content
 
Up/down potential premium content
 
Rating premium content
 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of NTAP stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 11.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -0.49
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  5,519
  5,657
  5,787
  5,936
  6,103
  6,288
  6,491
  6,712
  6,951
  7,209
  7,486
  7,782
  8,097
  8,434
  8,791
  9,170
  9,572
  9,997
  10,447
  10,923
  11,424
  11,954
  12,512
  13,101
  13,721
  14,375
  15,062
  15,786
  16,548
  17,349
  18,192
Variable operating expenses, $m
 
  2,033
  2,076
  2,125
  2,180
  2,241
  2,308
  2,381
  2,460
  2,545
  2,636
  2,566
  2,670
  2,781
  2,899
  3,024
  3,157
  3,297
  3,445
  3,602
  3,768
  3,942
  4,126
  4,320
  4,525
  4,740
  4,967
  5,206
  5,457
  5,722
  6,000
Fixed operating expenses, $m
 
  3,361
  3,445
  3,531
  3,619
  3,710
  3,803
  3,898
  3,995
  4,095
  4,197
  4,302
  4,410
  4,520
  4,633
  4,749
  4,868
  4,989
  5,114
  5,242
  5,373
  5,507
  5,645
  5,786
  5,931
  6,079
  6,231
  6,387
  6,547
  6,710
  6,878
Total operating expenses, $m
  4,854
  5,394
  5,521
  5,656
  5,799
  5,951
  6,111
  6,279
  6,455
  6,640
  6,833
  6,868
  7,080
  7,301
  7,532
  7,773
  8,025
  8,286
  8,559
  8,844
  9,141
  9,449
  9,771
  10,106
  10,456
  10,819
  11,198
  11,593
  12,004
  12,432
  12,878
Operating income, $m
  665
  263
  266
  280
  303
  337
  380
  433
  496
  569
  652
  913
  1,017
  1,132
  1,259
  1,397
  1,548
  1,711
  1,888
  2,079
  2,284
  2,504
  2,741
  2,994
  3,266
  3,555
  3,864
  4,193
  4,544
  4,918
  5,315
EBITDA, $m
  891
  432
  435
  448
  472
  506
  549
  602
  665
  738
  821
  915
  1,019
  1,134
  1,260
  1,399
  1,550
  1,713
  1,890
  2,081
  2,286
  2,507
  2,744
  2,997
  3,268
  3,558
  3,867
  4,197
  4,548
  4,921
  5,319
Interest expense (income), $m
  0
  52
  -17
  -13
  -9
  -5
  0
  6
  12
  18
  25
  33
  41
  49
  58
  68
  78
  89
  100
  112
  125
  138
  153
  168
  184
  200
  218
  236
  256
  276
  298
Earnings before tax, $m
  665
  211
  283
  293
  312
  341
  380
  427
  484
  551
  627
  880
  977
  1,083
  1,201
  1,329
  1,470
  1,622
  1,788
  1,966
  2,159
  2,366
  2,588
  2,827
  3,082
  3,355
  3,646
  3,957
  4,289
  4,642
  5,017
Tax expense, $m
  156
  57
  76
  79
  84
  92
  102
  115
  131
  149
  169
  238
  264
  292
  324
  359
  397
  438
  483
  531
  583
  639
  699
  763
  832
  906
  984
  1,068
  1,158
  1,253
  1,355
Net income, $m
  509
  154
  206
  214
  228
  249
  277
  312
  353
  402
  458
  643
  713
  791
  876
  970
  1,073
  1,184
  1,305
  1,435
  1,576
  1,727
  1,890
  2,064
  2,250
  2,449
  2,662
  2,889
  3,131
  3,388
  3,663

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  4,921
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  9,493
  4,827
  4,938
  5,065
  5,207
  5,365
  5,538
  5,727
  5,931
  6,151
  6,387
  6,640
  6,909
  7,196
  7,501
  7,824
  8,167
  8,530
  8,914
  9,320
  9,748
  10,200
  10,676
  11,178
  11,708
  12,265
  12,852
  13,470
  14,120
  14,803
  15,523
Adjusted assets (=assets-cash), $m
  4,572
  4,827
  4,938
  5,065
  5,207
  5,365
  5,538
  5,727
  5,931
  6,151
  6,387
  6,640
  6,909
  7,196
  7,501
  7,824
  8,167
  8,530
  8,914
  9,320
  9,748
  10,200
  10,676
  11,178
  11,708
  12,265
  12,852
  13,470
  14,120
  14,803
  15,523
Revenue / Adjusted assets
  1.207
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
  1.172
Average production assets, $m
  7
  6
  6
  6
  6
  6
  6
  7
  7
  7
  7
  8
  8
  8
  9
  9
  10
  10
  10
  11
  11
  12
  13
  13
  14
  14
  15
  16
  17
  17
  18
Working capital, $m
  2,159
  -1,703
  -1,742
  -1,787
  -1,837
  -1,893
  -1,954
  -2,020
  -2,092
  -2,170
  -2,253
  -2,342
  -2,437
  -2,539
  -2,646
  -2,760
  -2,881
  -3,009
  -3,145
  -3,288
  -3,439
  -3,598
  -3,766
  -3,943
  -4,130
  -4,327
  -4,534
  -4,752
  -4,981
  -5,222
  -5,476
Total debt, $m
  1,993
  -473
  -373
  -259
  -131
  11
  167
  337
  521
  719
  931
  1,159
  1,401
  1,659
  1,934
  2,225
  2,534
  2,860
  3,206
  3,571
  3,956
  4,363
  4,792
  5,244
  5,720
  6,222
  6,750
  7,306
  7,891
  8,506
  9,153
Total liabilities, $m
  6,713
  4,344
  4,444
  4,558
  4,686
  4,828
  4,984
  5,154
  5,338
  5,536
  5,748
  5,976
  6,218
  6,476
  6,751
  7,042
  7,351
  7,677
  8,023
  8,388
  8,773
  9,180
  9,609
  10,061
  10,537
  11,039
  11,567
  12,123
  12,708
  13,323
  13,970
Total equity, $m
  2,780
  483
  494
  506
  521
  536
  554
  573
  593
  615
  639
  664
  691
  720
  750
  782
  817
  853
  891
  932
  975
  1,020
  1,068
  1,118
  1,171
  1,227
  1,285
  1,347
  1,412
  1,480
  1,552
Total liabilities and equity, $m
  9,493
  4,827
  4,938
  5,064
  5,207
  5,364
  5,538
  5,727
  5,931
  6,151
  6,387
  6,640
  6,909
  7,196
  7,501
  7,824
  8,168
  8,530
  8,914
  9,320
  9,748
  10,200
  10,677
  11,179
  11,708
  12,266
  12,852
  13,470
  14,120
  14,803
  15,522
Debt-to-equity ratio
  0.717
  -0.980
  -0.760
  -0.510
  -0.250
  0.020
  0.300
  0.590
  0.880
  1.170
  1.460
  1.740
  2.030
  2.310
  2.580
  2.840
  3.100
  3.350
  3.600
  3.830
  4.060
  4.280
  4.490
  4.690
  4.890
  5.070
  5.250
  5.420
  5.590
  5.750
  5.900
Adjusted equity ratio
  -0.359
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  509
  154
  206
  214
  228
  249
  277
  312
  353
  402
  458
  643
  713
  791
  876
  970
  1,073
  1,184
  1,305
  1,435
  1,576
  1,727
  1,890
  2,064
  2,250
  2,449
  2,662
  2,889
  3,131
  3,388
  3,663
Depreciation, amort., depletion, $m
  226
  169
  169
  169
  169
  169
  169
  169
  169
  169
  169
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  3
  3
  4
Funds from operations, $m
  968
  323
  375
  382
  397
  418
  446
  481
  522
  571
  627
  644
  714
  792
  878
  972
  1,075
  1,186
  1,307
  1,438
  1,578
  1,730
  1,892
  2,066
  2,253
  2,452
  2,665
  2,892
  3,134
  3,392
  3,666
Change in working capital, $m
  -18
  -33
  -39
  -45
  -50
  -56
  -61
  -67
  -72
  -78
  -83
  -89
  -95
  -101
  -108
  -114
  -121
  -128
  -135
  -143
  -151
  -159
  -168
  -177
  -187
  -197
  -207
  -218
  -229
  -241
  -254
Cash from operations, $m
  986
  366
  414
  427
  447
  474
  507
  547
  594
  649
  710
  733
  810
  894
  986
  1,086
  1,196
  1,314
  1,443
  1,581
  1,729
  1,889
  2,060
  2,243
  2,439
  2,649
  2,872
  3,110
  3,363
  3,633
  3,920
Maintenance CAPEX, $m
  0
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -3
New CAPEX, $m
  -175
  -2
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
Cash from investing activities, $m
  -220
  -3
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -4
  -4
  -4
Free cash flow, $m
  766
  363
  413
  426
  446
  472
  506
  546
  593
  647
  708
  732
  808
  892
  984
  1,084
  1,194
  1,312
  1,440
  1,578
  1,727
  1,886
  2,057
  2,240
  2,436
  2,645
  2,868
  3,106
  3,359
  3,629
  3,916
Issuance/(repayment) of debt, $m
  -351
  -1,963
  100
  114
  128
  142
  156
  170
  184
  198
  212
  227
  243
  258
  274
  291
  309
  327
  345
  365
  385
  407
  429
  452
  476
  502
  528
  556
  585
  615
  647
Issuance/(repurchase) of shares, $m
  -613
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -971
  -1,963
  100
  114
  128
  142
  156
  170
  184
  198
  212
  227
  243
  258
  274
  291
  309
  327
  345
  365
  385
  407
  429
  452
  476
  502
  528
  556
  585
  615
  647
Total cash flow (excl. dividends), $m
  -216
  -1,600
  513
  540
  574
  614
  662
  716
  777
  845
  921
  959
  1,050
  1,150
  1,258
  1,375
  1,502
  1,639
  1,786
  1,943
  2,112
  2,293
  2,486
  2,692
  2,912
  3,147
  3,396
  3,662
  3,944
  4,244
  4,563
Retained Cash Flow (-), $m
  101
  -2,056
  -11
  -13
  -14
  -16
  -17
  -19
  -20
  -22
  -24
  -25
  -27
  -29
  -30
  -32
  -34
  -36
  -38
  -41
  -43
  -45
  -48
  -50
  -53
  -56
  -59
  -62
  -65
  -68
  -72
Prev. year cash balance distribution, $m
 
  4,454
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  799
  502
  527
  560
  599
  644
  697
  756
  823
  897
  934
  1,023
  1,121
  1,228
  1,343
  1,468
  1,602
  1,747
  1,903
  2,069
  2,248
  2,438
  2,642
  2,859
  3,091
  3,338
  3,600
  3,879
  4,176
  4,491
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  766
  459
  459
  461
  464
  468
  471
  473
  473
  470
  443
  437
  426
  412
  394
  373
  349
  322
  293
  263
  232
  202
  173
  146
  120
  97
  77
  60
  46
  34
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. It offers all-flash arrays that support data management across flash, disk, and cloud resources; hybrid arrays to deploy the speed of flash storage; 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; and SANtricity operating system, which provides performance, reliability, and data protection for application-driven workloads. The company also provides SolidFire element operating system optimized for the storage requirements of a data center; NetApp StorageGRID software that allows organizations to store and manage massive amounts of data on premises and in the cloud; and AltaVault cloud-integrated storage solutions and services, which provide the ability to backup data to any cloud. In addition, it offers integrated data protection solutions; OnCommand management software and management integration tools; FlexArray storage virtualization software; and NetApp private storage for cloud, a family of enterprise storage solutions. Further, the company offers software and hardware maintenance, professional, and customer education and training services, as well as support solutions. It serves 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. The company has a partnership with DarkMatter to jointly develop and deliver secure data storage and big data analytics solutions. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.

FINANCIAL RATIOS  of  NetApp (NTAP)

Valuation Ratios
P/E Ratio 21.2
Price to Sales 2
Price to Book 3.9
Price to Tangible Book
Price to Cash Flow 11
Price to Free Cash Flow 13.3
Growth Rates
Sales Growth Rate -0.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 9.4%
Cap. Spend. - 3 Yr. Gr. Rate -4.6%
Financial Strength
Quick Ratio 4
Current Ratio 0.1
LT Debt to Equity 26.8%
Total Debt to Equity 71.7%
Interest Coverage 0
Management Effectiveness
Return On Assets 5.2%
Ret/ On Assets - 3 Yr. Avg. 4.7%
Return On Total Capital 10.2%
Ret/ On T. Cap. - 3 Yr. Avg. 8.8%
Return On Equity 18%
Return On Equity - 3 Yr. Avg. 13.6%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 61.4%
Gross Margin - 3 Yr. Avg. 61.6%
EBITDA Margin 16.1%
EBITDA Margin - 3 Yr. Avg. 15.1%
Operating Margin 12%
Oper. Margin - 3 Yr. Avg. 10%
Pre-Tax Margin 12%
Pre-Tax Margin - 3 Yr. Avg. 10%
Net Profit Margin 9.2%
Net Profit Margin - 3 Yr. Avg. 7.5%
Effective Tax Rate 23.5%
Eff/ Tax Rate - 3 Yr. Avg. 26.2%
Payout Ratio 40.9%

NTAP stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the NTAP stock intrinsic value calculation we used $5546 million for the last fiscal year's total revenue generated by NetApp. The default revenue input number comes from 2017 income statement of NetApp. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our NTAP stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for NTAP is calculated based on our internal credit rating of NetApp, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of NetApp.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of NTAP stock the variable cost ratio is equal to 36%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $3279 million in the base year in the intrinsic value calculation for NTAP stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for NetApp.

Corporate tax rate of 27% is the nominal tax rate for NetApp. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the NTAP stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for NTAP are equal to 0.1%.

Life of production assets of 4.9 years is the average useful life of capital assets used in NetApp operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for NTAP is equal to -30.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2881 million for NetApp - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 279.172 million for NetApp is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of NetApp at the current share price and the inputted number of shares is $11.1 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
DVMT Dell Technolog 63.62 prem.  prem.
NMBL Nimble Storage 8.60 prem.  prem.
QTM Quantum 6.82 prem.  prem.
PSTG Pure Storage C 13.49 prem.  prem.

COMPANY NEWS

▶ NetApp on the Street: The Analysts View in June   [Jun-12-17 07:35AM  Market Realist]
▶ Inside NetApps Shareholder Returns   [10:36AM  Market Realist]
▶ Inside NetApps Performance Since the Fiscal 4Q17 Results   [Jun-08-17 10:36AM  Market Realist]
▶ Why NetApp Is Optimistic about Core Business Opportunities   [Jun-07-17 04:50PM  Market Realist]
▶ These 3 Stocks Just Raised Their Dividends   [Jun-02-17 05:20PM  Motley Fool]
▶ The 3 Best Dividend Stocks in Data Storage   [Jun-01-17 05:58PM  Motley Fool]
▶ Kokomo School Corporation Accelerates Learning with NetApp   [May-30-17 08:00AM  GlobeNewswire]
▶ Can NetApp Follow Western Digital And Manage A New Breakout?   [May-26-17 11:30AM  Investor's Business Daily]
▶ S&P 500, Nasdaq Jump to New Records as Crude Oil Slides   [May-25-17 04:31PM  TheStreet.com]
▶ The Market In 5 Minutes   [09:00AM  Benzinga]
▶ NetApp Quarterly Sales, Earnings Beat, But Stock Falls On Weak Outlook   [May-24-17 05:05PM  Investor's Business Daily]
▶ NetApp beats Street 4Q forecasts   [04:19PM  Associated Press]
▶ 3 Top Data Storage Stocks to Buy in 2017   [May-23-17 12:13PM  Motley Fool]
▶ These Business Segments Could Drive NetApps Revenue   [May-18-17 11:35AM  Market Realist]
▶ Will NetApp Return to Revenue Growth in 2017?   [10:06AM  Market Realist]
▶ Top three tech bets: Analyst   [May-12-17 08:23AM  CNBC Videos]
▶ Chico State Speeds Student Access to Resources with NetApp   [May-04-17 08:00AM  GlobeNewswire]
▶ DARZ Drives DevOps Success with NetApp   [Apr-18-17 08:00AM  GlobeNewswire]
▶ AMD A Sell, T-Mobile Downgraded, DXC Technology Upgraded To Buy   [Apr-06-17 04:12PM  Investor's Business Daily]
▶ Is hyperconvergence the next big thing in tech?   [Apr-03-17 08:28PM  at MarketWatch]
▶ Understanding NetApps Key Drivers in 2017   [04:31PM  Market Realist]
▶ NetApp Stock Trades Ex-Dividend Wednesday   [Apr-02-17 10:52AM  Investopedia]
▶ NetApp Hosts Financial Analyst Day on April 5, 2017   [Mar-29-17 04:01PM  GlobeNewswire]
▶ Whats NetApps Outlook for Fiscal 4Q17?   [Mar-28-17 10:37AM  Market Realist]
▶ Inside Seagates Improving Profit Margins   [Mar-27-17 05:05PM  at Market Realist]
▶ Seagate in the Cloud: Gauging the Benefits   [03:29PM  at Market Realist]
▶ NetApp Has Been Hot Is It Time to Take Gains?   [Mar-20-17 09:57PM  at Investopedia]
Stock chart of NTAP Financial statements of NTAP Annual reports of NTAP
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.