Last $36.63 USD
Change Today -0.56 / -1.51%
Volume 23.4M
NTAP On Other Exchanges
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As of 8:10 PM 05/21/13 All times are local (Market data is delayed by at least 15 minutes).

netapp inc (NTAP) Snapshot

Open
$37.15
Previous Close
$37.19
Day High
$37.17
Day Low
$36.22
52 Week High
05/16/13 - $39.15
52 Week Low
11/13/12 - $26.26
Market Cap
13.2B
Average Volume 10 Days
12.7M
EPS TTM
$1.32
Shares Outstanding
360.4M
EX-Date
07/9/13
P/E TM
27.8x
Dividend
$0.60
Dividend Yield
--
Current Stock Chart for NETAPP INC (NTAP)

netapp inc (NTAP) Related Businessweek News

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netapp inc (NTAP) Details

NetApp, Inc. engages in design, manufacture, marketing, and technical support of networked storage solutions. The company supply enterprise storage and data management software, and hardware products and services. It offers Data ONTAP, an operating system that supports storage area network (SAN) and network-attached storage (NAS) environments; storage efficiency technologies, such as FlexVol, FlexClone, and Deduplication technologies; storage management and application integration software comprising OnCommand management software that controls, automates, and analyzes shared storage infrastructures. The company also provides fabric-attached storage unified storage systems for the storage of data on various platforms and network infrastructures; virtual storage tier; and V-Series network-based virtualization solutions that provide SAN and NAS access to the data stored in heterogeneous storage arrays; and E-Series systems for data storage. In addition, it offers data protection software products, including Snapshot, SnapRestore, SnapVault, and MetroCluster, as well as SnapMirror data replication solution; data retention and archive products; Flash Cache modules; storage security products for data security and key management in IP SAN, NAS, and tape backup environments; and StorageGRID, a storage software solution that enables intelligent data management and secure content retention, as well as professional services, global support solutions, and customer education and training for data management. It sells its products to energy, financial services, government, high technology, Internet, life sciences and healthcare services, manufacturing, media, entertainment, animation and video postproduction, and telecommunications sectors in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.

12,149 Employees
Last Reported Date: 06/19/12
Founded in 1992

netapp inc (NTAP) Top Compensated Officers

Chief Executive Officer, President, Principal...
Total Annual Compensation: $893.8K
Executive Chairman and Member of Strategy Com...
Total Annual Compensation: $450.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $387.1K
Executive Vice President of Worldwide Field O...
Total Annual Compensation: $575.0K
Executive Vice President of Product Operation...
Total Annual Compensation: $512.5K
Compensation as of Fiscal Year 2012.

netapp inc (NTAP) Key Developments

NetApp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended April 26, 2013; Provides Earnings Guidance for the First Quarter of Fiscal 2014

NetApp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended April 26, 2013. For the quarter, the company reported net revenues were $1,716.5 million compared to $1,702.5 million for the same period a year ago. Income from operations was $204.4 million compared to $221.4 million for the same period a year ago. Income before income taxes was $188.9 million compared to $214.5 million for the same period a year ago. Net income was $173.8 million or $0.47 per diluted share compared to $180.7 million or $0.47 per diluted share for the same period a year ago. Net cash provided by operating activities was $455.6 million compared to $582.6 million for the same period a year ago. Purchases of property and equipment were $63.6 million compared to $124.2 million for the same period a year ago. Non-GAAP net income was $252.5 million or $0.686 per share compared to $252.4 million or $0.661 per share for the same period a year ago. For the full year, the company reported net revenues were $6,332.4 million compared to $6,233.2 million for the same period a year ago. Income from operations was $607.8 million compared to $746.5 million for the same period a year ago. Income before income taxes was $566.6 million compared to $712.4 million for the same period a year ago. Net income was $505.3 million or $1.37 per diluted share compared to $605.4 million or $1.58 per diluted share for the same period a year ago. Net cash provided by operating activities was $1,386.3 million compared to $1,462.6 million for the same period a year ago. Purchases of property and equipment were $303.3 million compared to $407.1 million for the same period a year ago. Non-GAAP net income was $840.6 million or $2.284 per share compared to $926.2 million or $2.410 per share for the same period a year ago. The company also provided financial guidance for the first quarter of fiscal year 2014. For the period, the company expected revenues to be in the range of $1.475 billion to $1.575 billion. GAAP earnings per share expected to be approximately $0.13 to $0.18 and non-GAAP earnings per share expected to be approximately $0.45 to $0.50. Amortization of intangible assets expected to be $0.04 per share. The company expects consolidated non-GAAP gross margins of approximately 61%, almost a point of improvement from a year ago and non-GAAP operating margins of approximately 13.5% to 14%, 1 to 1.5 points better than a year ago, reflecting partial benefits to be realized from realignment activities. The company expects blended consolidated non-GAAP effective tax rate to increase to approximately 18% for first in fiscal year 2014.

NetApp Lays Off 900 Workers in Business Realignment

NetApp announced that it is laying off about 900 of its more than 13,000 employees to realign its business. It declined to say how many Bay Area workers were losing their jobs. But it disclosed in a letter to Sunnyvale officials that there were 235 layoffs at its headquarters in that city.

NetApp, Inc. Announces Initiation of Quarterly Cash Dividend

NetApp, Inc. announced the initiation of a quarterly cash dividend of $0.15 per share of the company's common stock, which it expects to increase over time.

 

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NTAP

Industry Average

Valuation NTAP Industry Range
Price/Earnings 27.0x
Price/Sales 2.1x
Price/Book 2.9x
Price/Cash Flow 26.2x
TEV/Sales 0.7x
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