#3 - NetApp, Inc. (NASDAQ:NTAP)
NetApp, Inc. (NASDAQ: NTAP) - The question for NetApp would be in a sector dominated by competitors like Amazon and Microsoft, is there enough growth to go around? Comparing the stock price to its projected cash value suggests that the intrinsic value of the stock may be less than its current share price. But that is not atypical of tech companies. Like many companies in this sector, NetApp’s stock price bakes in future performance. This is not a bad stock, but technology is traditionally a sector that can be negatively affected by higher interest rates. NetApp experienced negative growth last year and that has been a trend for the company for the last five years. And although their Return on Equity (ROE) has improved over the last few years, they are still below the industry average. Value investors looking for dividends can find better options than NetApp, which has a dividend yield well below the upper 25% of dividend-paying companies.
About NetApp
NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.
Read More - Current Price
- $118.45
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $139.20 (17.5% Upside)
