Hot Stock Analysis: NetApp Inc (NASDAQ: NTAP)

On Monday, Shares of NetApp Inc (NASDAQ: NTAP) rose 0.83% to $79.18. The stock recorded $77.56 as its minimum price and hit the max level of $79.57, during its most recent trading session. It traded total volume of 2.11M shares lower than the average volume of 3.05M shares.

NetApp (NTAP) recently stated financial results for the fourth quarter and fiscal year 2018, ended April 27, 2018.

Fourth Quarter Fiscal Year 2018 Financial Results:

  • Net Revenues: $1.64B, increased 11% year-over-year from $1.48B in the fourth quarter of fiscal 2017
  • Net Income: GAAP net income of $271.0M, contrast to GAAP net income of $190.0M in the fourth quarter of fiscal 2017; non-GAAP net income of $288.0M, contrast to non-GAAP net income of $239.0M in the fourth quarter of fiscal 2017
  • Earnings per Share: GAAP earnings per share of $0.99 contrast to GAAP earnings per share of $0.68 in the fourth quarter of fiscal 2017; non-GAAP earnings per share of $1.05, contrast to non-GAAP earnings per share of $0.86 in the fourth quarter of fiscal 2017
  • Cash, Cash Equivalents and Investments: $5.40B at the end of fiscal 2018
  • Cash from Operations: $494.0M, contrast to $365.0M in the fourth quarter of fiscal 2017
  • Share Repurchase and Dividend: Returned $397.0M to shareholders through share repurchases and a cash dividend

Fiscal Year 2018 Financial Results:

  • Net Revenues: $5.910B, increased 7% year-over-year from $5.520B in fiscal 2017
  • Net Income: GAAP net income of $76.0M, contrast to GAAP net income of $509.0M in fiscal 2017; non-GAAP net income of $957.0M, contrast to non-GAAP net income of $768.0M in fiscal 2017
  • Earnings per Share: GAAP earnings per share of $0.28, contrast to GAAP earnings per share of $1.81 in fiscal 2017; non-GAAP earnings per share of $3.47, contrast to non-GAAP earnings per share of $2.73 in fiscal 2017
  • Cash from Operations: $1.48B, contrast to $986.0M in fiscal year 2017
  • Share Repurchase and Dividend: Returned $1.01B to shareholders through share repurchases and cash dividends

NTAP has the market capitalization of $20.98B and its EPS growth ratio for the past five years was 19.80%. The return on assets ratio of the Company was 0.80% while its return on investment ratio stands at 22.40%. Price to sales ratio was 3.55 while 97.30% of the stock was owned by institutional investors.

Steve Backshall

Steve Backshall

I am Steve Backshall and I give an insight into the most recent news hitting the Technology Sector in Wall Street. I have been an independent financial adviser for over 10 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicizes valuable information for shareholder community. I am an accomplished journalist who has a passion for travel. My desire to see the world has taken me to countries around the world and given me the opportunity to report for some of the top news organizations.

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