NetApp Inc (NTAP) Files 10-K for the Fiscal Year Ended on April 30, 2017

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NetApp Inc (NTAP) files its latest 10-K with SEC for the fiscal year ended on April 30, 2017. NetApp Inc is a provider of storage systems and data management solutions that form the foundation for efficient and flexible IT infrastructures. NetApp Inc has a market cap of $10.4 billion; its shares were traded at around $38.37 with a P/E ratio of 21.21 and P/S ratio of 1.97. The dividend yield of NetApp Inc stocks is 1.97%. NetApp Inc had annual average EBITDA growth of 11.50% over the past ten years.


For the last quarter NetApp Inc reported a revenue of $1.5 billion, compared with the revenue of $1.4 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $5.5 billion, a decrease of 0.5% from the previous year. For the last five years NetApp Inc had an average revenue decline of 2.9% a year.

The reported diluted earnings per share was $1.81 for the year, an increase of 135.1% from previous year. Over the last five years NetApp Inc had an average EPS decline of 3.1% a year. The NetApp Inc had a decent operating margin of 12.05%, compared with the operating margin of 6.27% a year before. The 10-year historical median operating margin of NetApp Inc is 11.65%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, NetApp Inc has the cash and cash equivalents of $4.9 billion, compared with $2.9 billion in the previous year. The long term debt was $744.0 million, compared with $1.5 billion in the previous year. NetApp Inc has a financial strength rank of 6 (out of 10).

At the current stock price of $38.37, NetApp Inc is traded at 14.3% discount to its historical median P/S valuation band of $44.76. The P/S ratio of the stock is 1.97, while the historical median P/S ratio is 2.28. The stock gained 57.60% during the past 12 months.

CEO Recent Trades:

  • CEO George Kurian sold 4,000 shares of NTAP stock on 05/30/2017 at the average price of $40.12. The price of the stock has decreased by 4.64% since.

Directors and Officers Recent Trades:

  • SVP, GC & Secretary Matthew K Fawcett sold 8,070 shares of NTAP stock on 06/05/2017 at the average price of $39.38. The price of the stock has decreased by 2.84% since.

  • SVP, GC & Secretary Matthew K Fawcett sold 6,792 shares of NTAP stock on 06/02/2017 at the average price of $39.58. The price of the stock has decreased by 3.34% since.

  • Director Jeffry R Allen sold 20,000 shares of NTAP stock on 05/30/2017 at the average price of $40.46. The price of the stock has decreased by 5.44% since.

  • SVP, GC & Secretary Matthew K Fawcett sold 12,745 shares of NTAP stock on 05/26/2017 at the average price of $40.67. The price of the stock has decreased by 5.93% since.

  • Exec VP, Product Operations Joel D Reich sold 13,118 shares of NTAP stock on 05/26/2017 at the average price of $40.18. The price of the stock has decreased by 4.78% since.

For the complete 20-year historical financial data of NTAP, click here.

This article first appeared on GuruFocus.


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