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How to buy NetApp stock in Canada | $90.01
Own NetApp shares in just a few minutes.
NetApp is a computer hardware business based in the US. NetApp stocks (NTAP.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $83.52 – a decrease of 2.5% over the previous week. NetApp employs 11,000 staff and has a trailing 12-month revenue of around $5.9 billion.
How to buy NetApp stock in Canada
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: NTAP in this case.
- Research NetApp stocks. The platform should provide the latest information available.
- Buy your NetApp stocks. It's that simple.
Is it a good time to buy NetApp stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
- Can I buy shares in NetApp?
- Has coronavirus impacted NetApp shares?
- NetApp shares summary
- Compare share dealing platforms
- Is NetApp stock a buy or sell?
- NetApp performance over time
- Can I short NetApp shares?
- Is NetApp suitable for ethical investing?
- Are NetApp shares over-valued?
- NetApp's financials
- How volatile are NetApp shares?
- Does NetApp pay a dividend?
- Have NetApp shares ever split?
- Other common questions
How has Coronavirus impacted NetApp's stock price?
Since the stock market crash in March caused by coronavirus, NetApp's stock price has had significant positive movement.
Its last market close was $90.01, which is 42.23% up on its pre-crash value of $52 and 159.69% up on the lowest point reached during the March crash when the stocks fell as low as $34.66.
If you had bought $1,000 worth of NetApp stocks at the start of February 2020, those stocks would have been worth $653.98 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,665.19.
NetApp stock priceUse our graph to track the performance of NTAP stocks over time.
NetApp stocks at a glance
|Latest market close||$90.01|
|52-week range||$39.2319 - $93.68|
|50-day moving average||$85.1169|
|200-day moving average||$78.4297|
|Wall St. target price||$92.27|
|Dividend yield||$1.94 (2.09%)|
|Earnings per share (TTM)||$3.749|
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Note: The dollar amounts in the table below are in Canadian dollars.
NetApp price performance over time
|1 week (2021-09-09)||-2.26%|
|1 month (2021-08-19)||13.56%|
|3 months (2021-06-18)||15.16%|
|6 months (2021-03-19)||28.29%|
|1 year (2020-09-18)||111.24%|
|2 years (2019-09-19)||65.37%|
|3 years (2018-09-19)||7.17%|
|5 years (2016-09-19)||152.55%|
Is NetApp under- or over-valued?
Valuing NetApp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of NetApp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
NetApp's P/E ratio
NetApp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 24x. In other words, NetApp stocks trade at around 24x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the stocks or simply that they're under-valued.
NetApp's PEG ratio
NetApp's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.4803. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into NetApp's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
NetApp's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1.2 billion.
The EBITDA is a measure of a NetApp's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$5.9 billion|
|Operating margin TTM||17.99%|
|Gross profit TTM||USD$3.8 billion|
|Return on assets TTM||7.55%|
|Return on equity TTM||170.32%|
|Market capitalisation||USD$20.1 billion|
TTM: trailing 12 months
How to short and sell NetApp stocks
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "NTAP.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 8.7 million NetApp stocks held short by investors – that's known as NetApp's "short interest". This figure is 15.4% up from 7.5 million last month.
There are a few different ways that this level of interest in shorting NetApp stocks can be evaluated.
NetApp's "short interest ratio" (SIR)
NetApp's "short interest ratio" (SIR) is the quantity of NetApp stocks currently shorted divided by the average quantity of NetApp stocks traded daily (recently around 1.4 million). NetApp's SIR currently stands at 6.03. In other words for every 100,000 NetApp stocks traded daily on the market, roughly 6030 stocks are currently held short.
However NetApp's short interest can also be evaluated against the total number of NetApp stocks, or, against the total number of tradable NetApp stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case NetApp's short interest could be expressed as 0.04% of the outstanding stocks (for every 100,000 NetApp stocks in existence, roughly 40 stocks are currently held short) or 0.0389% of the tradable stocks (for every 100,000 tradable NetApp stocks, roughly 39 stocks are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the stock price, with fewer people currently willing to bet against NetApp.
Find out more about how you can short NetApp stock.
NetApp's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like NetApp.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
NetApp's total ESG risk score
Total ESG risk: 24.49
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and NetApp's overall score of 24.49 (as at 01/01/2019) is pretty good – landing it in it in the 28th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like NetApp is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
NetApp's environmental score
Environmental score: 8.18/100
NetApp's environmental score of 8.18 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that NetApp is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
NetApp's social score
Social score: 17.4/100
NetApp's social score of 17.4 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that NetApp is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
NetApp's governance score
Governance score: 14.42/100
NetApp's governance score puts it squarely in the 9th percentile of companies rated in the same sector. That could suggest that NetApp is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Environmental, social, and governance (ESG) summary
|Total ESG score||24.49|
|Total ESG percentile||28.1|
|Environmental score percentile||9|
|Social score percentile||9|
|Governance score percentile||9|
NetApp stock dividends
Dividend payout ratio: 43.85% of net profits
Recently NetApp has paid out, on average, around 43.85% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.15% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), NetApp shareholders could enjoy a 2.15% return on their shares, in the form of dividend payments. In NetApp's case, that would currently equate to about $1.94 per share.
While NetApp's payout ratio might seem fairly standard, it's worth remembering that NetApp may be investing much of the rest of its net profits in future growth.
NetApp's most recent dividend payout was on 27 October 2021. The latest dividend was paid out to all shareholders who bought their stocks by 7 October 2021 (the "ex-dividend date").
Have NetApp stocks ever split?
NetApp stocks were split on a 2:1 basis on 23 March 2000. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your NetApp stocks – just the quantity. However, indirectly, the new 50% lower stock price could have impacted the market appetite for NetApp stocks which in turn could have impacted NetApp's stock price.
NetApp stock price volatility
Over the last 12 months, NetApp's stocks have ranged in value from as little as $39.2319 up to $93.68. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (NASDAQ average) beta is 1, while NetApp's is 1.3029. This would suggest that NetApp's stocks are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
NetApp, Inc. provides software, systems, and cloud services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud storage services, including NetApp Cloud Volumes; cloud control solutions, such as NetApp Cloud Manager and NetApp Virtual Desktop Service; cloud services and analytics comprising NetApp Cloud Insights, NetApp Cloud Sync, NetApp Cloud Compliance, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Cloud Backup, and NetApp Global File Cache; and Cloud Optimization solutions, such as Spot by NetApp, Spot Cloud Analyzer by NetApp, Spot Eco by NetApp, Spot Ocean by NetApp, Spot Wave by NetApp, Spot Elastigroup by NetApp, and NetApp Virtual Desktop Managed Service. It provides data storage solutions comprising NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, NetApp SolidFire, and NetApp HCI; data protection solutions, such as NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Data Availability Services; and data management solutions, including NetApp ONTAP Storage Management System, NetApp ElementOS software, NetApp SANtricity software, NetApp Active IQ Digital Advisor, OnCommand Insight, and OnCommand Workflow Automation. In addition, the company offers application-aware data management service under the NetApp Astra name; and payment solutions and storage-as-a-service under the NetApp Keystone name. Further, it provides assessment, design, consulting, and implementation services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
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