Large-cap Technology company NetApp has moved -2.8% so far today on a volume of 703,648, compared to its average of 2,594,898. In contrast, the S&P 500 index moved 0.0%.
NetApp trades 9.42% away from its average analyst target price of $201.06 per share. The 16 analysts following the stock have set target prices ranging from $170.0 to $260.0, and on average have given NetApp a rating of buy.
If you are considering an investment in NTAP, you'll want to know the following:
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NetApp's current price is 781.8% above its Graham number of $24.95, which implies that at its current valuation it does not offer a margin of safety
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NetApp has moved 87.9% over the last year, and the S&P 500 logged a change of 14.6%
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Based on its trailing earnings per share of 7.09, NetApp has a trailing 12 month Price to Earnings (P/E) ratio of 31.0 while the S&P 500 average is None
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NTAP has a forward P/E ratio of 19.8 based on its forward 12 month price to earnings (EPS) of $11.12 per share
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The company has a price to earnings growth (PEG) ratio of 2.51 — a number near or below 1 signifying that NetApp is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 28.84 compared to its sector average of None
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NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
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Based in San Jose, the company has 11,700 full time employees and a market cap of $43.21 Billion. NetApp currently returns an annual dividend yield of 0.9%.
