NetApp Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 7 out of 34 in the Computers, Phones & Household Electronics industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 122.76.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of NetApp Inc is 7.26, ranking 11 out of 34 in the Computers, Phones & Household Electronics industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 1.71B, representing a year-over-year increase of 2.83%, while its net profit experienced a year-over-year increase of 2.01%.
Key Metrics
The current valuation score of NetApp Inc is 6.45, ranking 27 out of 34 in the Computers, Phones & Household Electronics industry. Its current P/E ratio is 17.71, which is 60.36% below the recent high of 28.40 and 50.92% above the recent low of 8.69.
The current earnings forecast score of NetApp Inc is 6.82, ranking 22 out of 34 in the Computers, Phones & Household Electronics industry. The average price target is 122.50, with a high of 137.00 and a low of 110.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of NetApp Inc is 8.93, ranking 12 out of 34 in the Computers, Phones & Household Electronics industry. Currently, the stock price is trading between the resistance level at 111.28 and the support level at 94.55, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The current institutional shareholding score of NetApp Inc is 10.00, ranking 1 out of 34 in the Computers, Phones & Household Electronics industry. The latest institutional shareholding proportion is 99.86%, representing a quarter-over-quarter increase of 1.37%. The largest institutional shareholder is The Vanguard, holding a total of 27.07M shares, representing 13.67% of shares outstanding, with 3.13% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Computers, Phones & Household Electronics domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of NetApp Inc is 8.01, ranking 4 out of 34 in the Computers, Phones & Household Electronics industry. The company's beta value is 1.38. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. NetApp Inc’s latest ESG disclosure leads the Computers, Phones & Household Electronics industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
