NetApp Stock Buy Hold or Sell Recommendation

NTAP
 Stock
  

USD 74.49  0.14  0.19%   

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding NetApp Inc is 'Strong Hold'. Macroaxis provides NetApp buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NetApp positions. The advice algorithm takes into account all of NetApp's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from NetApp's buy-and-hold perspective. Additionally, see NetApp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as NetApp and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards NetApp Inc.

Execute NetApp Buy or Sell Advice

The NetApp recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on NetApp Inc. Macroaxis does not own or have any residual interests in NetApp Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute NetApp's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell NetAppBuy NetApp
Strong Hold

Volatility

Very steadyDetails

Hype Condition

Over hypedDetails

Current Valuation

UndervaluedDetails

Odds of Distress

Below AverageDetails

Economic Sensitivity

Almost mirrors the marketDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon NetApp Inc has a Risk Adjusted Performance of 0.0889, Jensen Alpha of 0.0135, Total Risk Alpha of (0.02288), Sortino Ratio of 0.0147 and Treynor Ratio of 0.105
Macroaxis provides unbiased advice on NetApp Inc that should be used to complement current analysts and expert consensus on NetApp. Our investment recommendation engine determines the firm's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon. To make sure NetApp Inc is not overpriced, please verify all NetApp Inc fundamentals, including its gross profit, short ratio, current liabilities, as well as the relationship between the total debt and market capitalization . Given that NetApp Inc has a price to earning of 18.14 X, we recommend you to check NetApp market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your last-minute risk tolerance and investing horizon.

NetApp Trading Alerts and Improvement Suggestions

Over 94.0% of the company shares are owned by institutional investors
On 27th of July 2022 NetApp paid $ 0.5 per share dividend to its current shareholders
Latest headline from www.gurufocus.com: Top 5 2nd Quarter Trades of Beutel, Goodman Co Ltd. - GuruFocus.com

NetApp current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. NetApp analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. NetApp analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price87.21
Target Median Price85.00
Target High Price120.00
Recommendation Mean2.40
Number Of Analyst Opinions19
Target Low Price60.00
Average Consensus Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

NetApp Returns Distribution Density

The distribution of NetApp's historical returns is an attempt to chart the future uncertainty of NetApp's future price movements. The chart of the probability distribution of NetApp stock daily returns describes the distribution of returns around its average expected value. We use NetApp Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of NetApp returns is essential to provide solid investment advice for NetApp stock.
Mean Return0.13Value At Risk-3.49
Potential Upside3.12Standard Deviation1.95
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of NetApp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

NetApp Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to NetApp or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that NetApp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a NetApp stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.013532
β
Beta against DOW1.18
σ
Overall volatility
1.87
Ir
Information ratio 0.0154

NetApp Volatility Alert

NetApp Inc currently demonstrates below-average downside deviation. It has Information Ratio of 0.02 and Jensen Alpha of 0.01. However, we advise investors to further question NetApp Inc expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure NetApp's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact NetApp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

NetApp Implied Volatility

NetApp's implied volatility" href="/stock-options/NTAP/NetApp-Inc">NetApp's implied volatility exposes the market's sentiment of NetApp Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NetApp's implied volatility" href="/stock-options/NTAP/NetApp-Inc">NetApp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NetApp stock will not fluctuate a lot when NetApp's options" href="/stock-options/NTAP/NetApp-Inc">NetApp's options are near their expiration.

NetApp Fundamentals Vs Peers

Comparing NetApp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze NetApp's direct or indirect competition across all of the common fundamentals between NetApp and the related equities. This way, we can detect undervalued stocks with similar characteristics as NetApp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of NetApp's fundamental indicators could also be used in its relative valuation, which is a method of valuing NetApp by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare NetApp to competition
FundamentalsNetAppPeer Average
Return On Equity123.05 %(0.31) %
Return On Asset7.76 %(0.14) %
Profit Margin14.83 %(1.27) %
Operating Margin21.59 %(5.51) %
Current Valuation14.58 B16.62 B
Shares Outstanding222.28 M571.82 M
Shares Owned by Insiders0.30 %10.09 %
Shares Owned by Institutions93.65 %39.21 %
Number of Shares Shorted5.52 M4.71 M
Price to Earning18.14 X28.72 X
Price to Book21.92 X9.51 X
Price to Sales2.63 X11.42 X
Revenue6.32 B9.43 B
Gross Profit4.22 B27.38 B
EBITDA1.36 B3.9 B
Net Income937 M570.98 M
Cash and Equivalents4.14 B2.7 B
Cash per Share18.72 X5.01 X
Total Debt2.94 B5.32 B
Debt to Equity3.51 %48.70 %
Current Ratio1.50 X2.16 X
Book Value Per Share3.40 X1.93 K
Cash Flow from Operations1.21 B971.22 M
Short Ratio2.87 X4.00 X
Earnings Per Share4.11 X3.12 X
Price to Earnings To Growth1.46 X4.89 X
Number of Employees12 K18.84 K
Beta1.22-0.15
Market Capitalization16.59 B19.03 B
Total Asset10.04 B29.47 B
Retained Earnings1.5 B9.33 B
Working Capital2.79 B1.48 B
Current Asset6.45 B9.34 B
   Sale by George Kurian of 2125 shares of NetApp [view details]

NetApp Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as NetApp . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution5226.5
Daily Balance Of Power(0.14)
Rate Of Daily Change1.0
Day Median Price74.9
Day Typical Price74.76
Market Facilitation Index0.0
Price Action Indicator(0.48)

About NetApp Buy or Sell Advice

When is the right time to buy or sell NetApp Inc? Buying financial instruments such as NetApp Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although NetApp investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2010 2015 2020 2022 (projected)
Receivables778.9 M973 M1.23 B1.14 B
Inventories146.5 M145 M204 M167.37 M

Use Investing Ideas to Build Portfolios

In addition to having NetApp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Small Blend Thematic Idea Now

Small Blend
Small Blend Theme
Fund or Etfs that invest in stocks of small to mid-sized entities that have characteristics of both growth and value companies. The Small Blend theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Small Blend Theme or any other thematic opportunities.
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Additionally, see NetApp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running NetApp Inc price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.
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Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.22
Market Capitalization
16.5 B
Quarterly Revenue Growth YOY
0.08
Return On Assets
0.0776
Return On Equity
1.23
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine NetApp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.