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38.98 (1y: +26%)
Market Cap 14.22 B P/E(ttm) 28.50
Enterprise Value 9.52 B P/B 3.20
NTAP- NAS (USA)
NetApp, Inc.
  • Currently 4/5
Business Predictability Rank: 4-Star (On Watch)
Back Testing Results:
Average gain of all 4-Star stocks: 9.8% per year.
% of Stocks that are in still loss if held for 10yrs: 8%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$38.98
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt 4.268
NTAP's Cash to Debt is ranked higher than
60% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 3.01 vs. NTAP: 4.268 )
NTAP' s 10-Year Cash to Debt Range
Min: 2.06   Max: No Debt
Current: 4.27
Equity to Asset 0.45
NTAP's Equity to Asset is ranked lower than
59% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 0.57 vs. NTAP: 0.45 )
NTAP' s 10-Year Equity to Asset Range
Min: 0.3   Max: 0.81
Current: 0.45
0.3
0.81
Interest Coverage 12.3
NTAP's Interest Coverage is ranked higher than
59% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 10.50 vs. NTAP: 12.3 )
NTAP' s 10-Year Interest Coverage Range
Min: 11   Max: No Debt
Current: 12.3
F-Score: 5
Z-Score: 2.47
M-Score: -3.02
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry		 vs
history
Operating margin (%) 9.60
NTAP's Operating margin (%) is ranked higher than
83% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 2.90 vs. NTAP: 9.60 )
NTAP' s 10-Year Operating margin (%) Range
Min: -0.1   Max: 18.2
Current: 9.6
-0.1
18.2
Net-margin (%) 8
NTAP's Net-margin (%) is ranked higher than
83% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 2.00 vs. NTAP: 8 )
NTAP' s 10-Year Net-margin (%) Range
Min: 0.4   Max: 14.1
Current: 8
0.4
14.1
ROE (%) 10.7
NTAP's ROE (%) is ranked higher than
81% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 3.70 vs. NTAP: 10.7 )
NTAP' s 10-Year ROE (%) Range
Min: 0.4   Max: 18.2
Current: 10.7
0.4
18.2
ROA (%) 4.5
NTAP's ROA (%) is ranked higher than
73% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 2.10 vs. NTAP: 4.5 )
NTAP' s 10-Year ROA (%) Range
Min: 0.3   Max: 12.5
Current: 4.5
0.3
12.5
ROC (Joel Greenblatt) (%) 954.20
NTAP's ROC (Joel Greenblatt) (%) is ranked higher than
100% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 7.30 vs. NTAP: 954.20 )
NTAP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -0.3   Max: 954.2
Current: 954.2
-0.3
954.2
Revenue Growth (%) 11.5
NTAP's Revenue Growth (%) is ranked higher than
91% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 0.00 vs. NTAP: 11.5 )
NTAP' s 10-Year Revenue Growth (%) Range
Min: 3.4   Max: 22.6
Current: 11.5
3.4
22.6
EBITDA Growth (%) 8.8
NTAP's EBITDA Growth (%) is ranked higher than
89% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 0.00 vs. NTAP: 8.8 )
NTAP' s 10-Year EBITDA Growth (%) Range
Min: -10.2   Max: 47
Current: 8.8
-10.2
47
EPS Growth (%) 4.9
NTAP's EPS Growth (%) is ranked higher than
89% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 0.00 vs. NTAP: 4.9 )
NTAP' s 10-Year EPS Growth (%) Range
Min: -21.7   Max: 177.1
Current: 4.9
-21.7
177.1
» NTAP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

NTAP Guru Trades in Q2 2012

George Soros 4,476,033 sh (New)
David Tepper 775,399 sh (+675.4%)
Lee Ainslie 9,150,627 sh (+245.29%)
PRIMECAP Management 3,776,961 sh (+216.99%)
Jim Simons 1,495,900 sh (+85.92%)
Dodge & Cox 21,020,085 sh (+78.36%)
Steven Cohen 47,023 sh (+23.96%)
John Hussman 500,000 sh (unchged)
RS Investment Management Sold Out
Ray Dalio Sold Out
Chuck Royce Sold Out
Pioneer Investments 1,278,119 sh (-24.86%)
Louis Moore Bacon 12,000 sh (-92.94%)
Ken Fisher 14,943 sh (-99.63%)
» More
Q3 2012

NTAP Guru Trades in Q3 2012

Ray Dalio 205,588 sh (New)
Paul Singer 500,000 sh (New)
Jim Simons 2,622,632 sh (+75.32%)
George Soros 6,025,033 sh (+34.61%)
David Tepper 900,399 sh (+16.12%)
PRIMECAP Management 4,202,961 sh (+11.28%)
Dodge & Cox 21,150,035 sh (+0.62%)
Louis Moore Bacon Sold Out
John Hussman Sold Out
Lee Ainslie 8,972,694 sh (-1.94%)
Pioneer Investments 1,252,874 sh (-1.98%)
Steven Cohen 33,453 sh (-28.86%)
Ken Fisher 8,514 sh (-43.02%)
» More
Q4 2012

NTAP Guru Trades in Q4 2012

Joel Greenblatt 6,245 sh (New)
Paul Tudor Jones 7,800 sh (New)
Jean-Marie Eveillard 1,574,425 sh (New)
Paul Singer 1,960,000 sh (+292%)
Steven Cohen 111,765 sh (+234.1%)
Dodge & Cox 25,316,785 sh (+19.7%)
PRIMECAP Management 4,368,261 sh (+3.93%)
Paul Singer 2,000,000 sh (unchged)
Ken Fisher Sold Out
Lee Ainslie 7,864,559 sh (-12.35%)
David Tepper 714,799 sh (-20.61%)
Ray Dalio 140,587 sh (-31.62%)
George Soros 4,050,033 sh (-32.78%)
Jim Simons 1,528,532 sh (-41.72%)
Pioneer Investments 448,600 sh (-64.19%)
» More
Q1 2013

NTAP Guru Trades in Q1 2013

Larry Robbins 565,204 sh (New)
Joel Greenblatt 48,906 sh (+683.12%)
Paul Tudor Jones 17,800 sh (+128.21%)
Ray Dalio 287,413 sh (+104.44%)
PRIMECAP Management 5,365,661 sh (+22.83%)
Lee Ainslie 8,523,549 sh (+8.38%)
Dodge & Cox 25,768,303 sh (+1.78%)
Jean-Marie Eveillard 1,590,925 sh (+1.05%)
David Tepper 714,799 sh (unchged)
Paul Singer 1,746,000 sh (unchged)
Paul Singer 1,250,000 sh (unchged)
George Soros 3,550,033 sh (-12.35%)
Steven Cohen 89,988 sh (-19.48%)
Pioneer Investments 306,700 sh (-31.63%)
Jim Simons 992,500 sh (-35.07%)
Paul Singer 1,151,154 sh (-41.27%)
» More
» Details

Insider Trades

Latest Guru Trades with NTAP

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Lee Ainslie 2013-03-31 Add 8.38%0.29%$32.21 - $36.55 $ 38.9813%8523549
George Soros 2013-03-31 Reduce -12.35%0.2%$32.21 - $36.55 $ 38.9813%3550033
Joel Greenblatt 2013-03-31 Add 683.12%0.07%$32.21 - $36.55 $ 38.9813%48906
Ray Dalio 2013-03-31 Add 104.44%0.05%$32.21 - $36.55 $ 38.9813%287413
PRIMECAP Management 2013-03-31 Add 22.83%0.05%$32.21 - $36.55 $ 38.9813%5365661
George Soros 2012-12-31 Reduce -32.78%1.05%$26.33 - $34.31 $ 38.9827%4050033
Jean-Marie Eveillard 2012-12-31 New Buy0.19%$26.33 - $34.31 $ 38.9827%1574425
Dodge & Cox 2012-12-31 Add 19.7%0.18%$26.33 - $34.31 $ 38.9827%25316785
Ray Dalio 2012-12-31 Reduce -31.62%0.03%$26.33 - $34.31 $ 38.9827%140587
Joel Greenblatt 2012-12-31 New Buy0.01%$26.33 - $34.31 $ 38.9827%6245
George Soros 2012-09-30 Add 34.61%0.82%$28.36 - $36.25 $ 38.9820%6025033
John Hussman 2012-09-30 Sold Out 0.3%$28.36 - $36.25 $ 38.9820%0
Ray Dalio 2012-09-30 New Buy0.09%$28.36 - $36.25 $ 38.9820%205588
Lee Ainslie 2012-06-30 Add 245.29%3.05%$28.61 - $46.3 $ 38.9810%9150627
George Soros 2012-06-30 New Buy2.1%$28.61 - $46.3 $ 38.9810%4476033
Dodge & Cox 2012-06-30 Add 78.36%0.4%$28.61 - $46.3 $ 38.9810%21020085
Ray Dalio 2012-06-30 Sold Out 0.2%$28.61 - $46.3 $ 38.9810%0
PRIMECAP Management 2012-06-30 Add 216.99%0.14%$28.61 - $46.3 $ 38.9810%3776961
Premium More recent guru trades are included for Premium Members only!!
» Financial Charts

Peter Lynch Chart

Top Ranked Articles about NetApp, Inc.

David Tepper’s 4 Stocks Trading at Discounts to His Purchase Prices
October 10, 2012
David Tepper - David Tepper’s 4 Stocks Trading At Discounts To His Purchase Prices
Appaloosa Management, a hedge fund David Tepper founded in 1993, has roughly $12 billion in assets under management. After years as primarily a distressed debt investor, Tepper became prominent in the investing world when he made triple-digit returns during the housing crisis. He is again surpassing peers in 2012, as his Palomina Fund was up 13.3% net of fees in the first half. Read more...
Top Picks from George Soros: WMT, NTAP, EQT, GE, GLD, SFLY, DIS, CLX
August 15, 2012
George Soros - Top Picks From George Soros: WMT, NTAP, EQT, GE, GLD, SFLY, DIS, CLX
Billionaire investor George Soros is not only good at macro picture, his understanding of business also makes him a great stock picker. His latest portfolio reveals some of his largest purchases in quality large caps and gold. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 28.50
NTAP's P/E(ttm) is ranked lower than
58% of the 1680 Companies
in the Global Data Storage industry.

( Industry Median: 17.60 vs. NTAP: 28.50 )
NTAP' s 10-Year P/E(ttm) Range
Min: 15.06   Max: 1835
Current: 28.5
15.06
1835
P/B 3.20
NTAP's P/B is ranked lower than
74% of the 2254 Companies
in the Global Data Storage industry.

( Industry Median: 1.18 vs. NTAP: 3.20 )
NTAP' s 10-Year P/B Range
Min: 2.29   Max: 99.53
Current: 3.2
2.29
99.53
P/S 2.30
NTAP's P/S is ranked lower than
67% of the 2325 Companies
in the Global Data Storage industry.

( Industry Median: 0.80 vs. NTAP: 2.30 )
NTAP' s 10-Year P/S Range
Min: 1.16   Max: 85.21
Current: 2.3
1.16
85.21
PFCF 13.20
NTAP's PFCF is ranked higher than
62% of the 1456 Companies
in the Global Data Storage industry.

( Industry Median: 15.00 vs. NTAP: 13.20 )
NTAP' s 10-Year PFCF Range
Min: 5.15   Max: 845.99
Current: 13.2
5.15
845.99
EV-to-EBIT 15.4
NTAP's EV-to-EBIT is ranked higher than
54% of the 1623 Companies
in the Global Data Storage industry.

( Industry Median: 13.68 vs. NTAP: 15.4 )
NTAP' s 10-Year EV-to-EBIT Range
Min: 9.1   Max: 504.9
Current: 15.4
9.1
504.9
PEG 0.8
NTAP's PEG is ranked higher than
78% of the 480 Companies
in the Global Data Storage industry.

( Industry Median: 1.43 vs. NTAP: 0.8 )
NTAP' s 10-Year PEG Range
Min: 0.63   Max: 73.7
Current: 0.8
0.63
73.7
Shiller P/E 32.3
NTAP's Shiller P/E is ranked lower than
100% of the Companies
in the Global Data Storage industry.

( Industry Median: vs. NTAP: 32.3 )
NTAP' s 10-Year Shiller P/E Range
Min: 17.94   Max: 126.19
Current: 32.3
17.94
126.19

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 86.6
NTAP's Price/Net Cash is ranked lower than
73% of the 505 Companies
in the Global Data Storage industry.

( Industry Median: 6.40 vs. NTAP: 86.6 )
NTAP' s 10-Year Price/Net Cash Range
Min: 16.2   Max: 105.6
Current: 86.6
16.2
105.6
Price/Net Current Asset Value 20
NTAP's Price/Net Current Asset Value is ranked lower than
67% of the 2001 Companies
in the Global Data Storage industry.

( Industry Median: 6.30 vs. NTAP: 20 )
NTAP' s 10-Year Price/Net Current Asset Value Range
Min: 16.9   Max: 273.8
Current: 20
16.9
273.8
Price/Tangible Book 4.5
NTAP's Price/Tangible Book is ranked lower than
73% of the 2097 Companies
in the Global Data Storage industry.

( Industry Median: 1.30 vs. NTAP: 4.5 )
NTAP' s 10-Year Price/Tangible Book Range
Min: 3.6   Max: 53.2
Current: 4.5
3.6
53.2
Price/DCF (Projected) 0.9
NTAP's Price/DCF (Projected) is ranked higher than
76% of the 638 Companies
in the Global Data Storage industry.

( Industry Median: 1.20 vs. NTAP: 0.9 )
NTAP' s 10-Year Price/DCF (Projected) Range
Min: 0.7   Max: 3.3
Current: 0.9
0.7
3.3
Price/Median PS Value 0.5
NTAP's Price/Median PS Value is ranked higher than
96% of the 2138 Companies
in the Global Data Storage industry.

( Industry Median: 1.00 vs. NTAP: 0.5 )
NTAP' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 9.6
Current: 0.5
0.4
9.6
Price/Peter Lynch Fair Value 1.1
NTAP's Price/Peter Lynch Fair Value is ranked higher than
66% of the 256 Companies
in the Global Data Storage industry.

( Industry Median: 1.10 vs. NTAP: 1.1 )
NTAP' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1   Max: 9.2
Current: 1.1
1
9.2
Price/Graham Number 2.3
NTAP's Price/Graham Number is ranked lower than
66% of the 1505 Companies
in the Global Data Storage industry.

( Industry Median: 1.10 vs. NTAP: 2.3 )
NTAP' s 10-Year Price/Graham Number Range
Min: 2   Max: 28.7
Current: 2.3
2
28.7
Earnings Yield (Greenblatt) 6.50
NTAP's Earnings Yield (Greenblatt) is ranked higher than
69% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 4.30 vs. NTAP: 6.50 )
NTAP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 11
Current: 6.5
0.2
11
Forward Rate of Return (Yacktman) 35.3
NTAP's Forward Rate of Return (Yacktman) is ranked higher than
98% of the 2479 Companies
in the Global Data Storage industry.

( Industry Median: 0.00 vs. NTAP: 35.3 )
NTAP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 5.8   Max: 48.8
Current: 35.3
5.8
48.8

Business Description

NetApp, Inc. was incorporated in California in April 1992 and reincorporated in Delaware in November 2001; in March 2008, the Company changed its name from Network Appliance, Inc. to NetApp, Inc. The Company is a supplier of enterprise storage and data management software and hardware products and services. It offers solutions for storing, managing, protecting and archiving business data. It offers highly available, scalable and cost-effective storage solutions that incorporate its unified storage platform and the feature-rich functionality of its data and storage resource management software. The Company's Fabric-Attached Storage (FAS) and V-Series storage solutions are based on Data ONTAP, a highly scalable and flexible operating system that uniquely supports any mix of storage area network (SAN), network-attached storage (NAS) and Internet Small Computer System Interface (iSCSI) environments concurrently. This unified storage software platform is compatible with UNIX, Linux, Windows and Web environments. NetApp's portfolio of efficiency technologies helps its customers reduce their storage spending and get more from storage assets they already own. Some of the efficiency technologies it offers include: FlexVol technology, FlexClone technology and Deduplication technology. Its management software family of products provides a range of storage and data management tools to simplify IT administration and enhance flexibility and productivity. The Company's family of modular, scalable, highly available, unified networked systems provides enterprise data storage services and simplifies data management. These systems are specifically designed with a high level of resiliency for network-centric enterprise IT infrastructures and support network-attached storage, storage area network, and iSCSI environments. NetApp NearStore products are designed to improve data backup and recovery architectures, store reference and regulated data, and archive infrequently accessed files on more economical ATA drives. NearStore systems back up and restore data with speed, consistency, ease of use, and scalability, particularly compared to tape-based backup/restore solutions. The NetCache product line is a scalable suite of Web delivery and security appliances designed to solve complex problems faced by enterprises and service providers. NetApp created an integrated storage appliance that uses highly specialized software for simplifying storage administration and increasing data availability, coupled with industry-standard hardware. The Company's main competiters are EMC, Hitachi Data Systems, HP, IBM, and Oracle Corporation, through its acquisition of Sun Microsystems. The Company has registered its NetApp name and logo, Network Appliancetm name and logo, Data ONTAP, DataFabric, FAServer, FlexVol, FilerView, NearStore, SecureShare, SnapDrive, SnapLock, SnapManager, SnapMirror, SnapRestore, SnapVault, WAFL, and others as trademarks in the United States. T
Company Website
SEC Reports
Industry: Data Storage
Compare:WDC, STX, EMC, SNDK, STEC
Traded in other countries:NTA.Germany
» More Articles for NTAP

Headlines

Articles On GuruFocus.com
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3 of George Soros' Quantum Fund's Most Loved Stocks Dec 21 2012 
Dodge & Cox Comments on the Technology Sector Dec 14 2012 
David Tepper’s 4 Stocks Trading at Discounts to His Purchase Prices Oct 10 2012 
The Best-Yielding Stock Holdings of George Soros’ Quantum Fund Oct 04 2012 
The 30 Top Positions of George Soros's Quantum Fund Investment Portfolio as of Q2 2012 Sep 07 2012 
George Soros Buys 7.85% Stake in Historic British Football Team Manchester United Aug 21 2012 
Top Picks from George Soros: WMT, NTAP, EQT, GE, GLD, SFLY, DIS, CLX Aug 15 2012 
High growth stock. Jun 24 2012 

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