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4-Traders Homepage  >  Equities  >  Nasdaq  >  NetApp Inc.    NTAP

Delayed Quote. Delayed  - 09/30 10:14:59 pm
35.82 USD   +3.14%
09/29 NETAPP INC. : Stock Rating Reaffirmed by Jefferies Group
09/27 NETAPP : Honors Reseller Partners of the Year
09/27 NETAPP : Mercy Technology Services Named Winner of 2016 NetApp Innov..
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Analysis summary4-Traders Strategies 

Good time to sell off

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02/23/2012 | 02:17pm
Opinion : Bearish under USD 44
Target price : USD 39
Stop loss: USD 44.5
NASDAQ
Computer Hardware

NetApp is a leading provider of unified storage solutions, which span both block and file based solutions in a single system.

In the last earnings release the company reported 3Q 2012 results in line with analysts’ estimates. For the quarter ended in January NetApp’s revenue rose 21% to $1.57 billion a year earlier. These numbers allowed company to deliver ninth consecutive quarter over 20% year over year revenue growth. Therefore, the third-quarter earnings fell 36% due principally to higher charges and weaker margins.
According to Thomson-Reuters’ consensus, the stock is worth expensive. In fact price earnings ratio for this year is estimated at 28.06; also the “enterprise value / revenue” is high with estimated coefficient for this year at 2.06. These value’s levels are making the security more expensive than industry average.

Technically, the share is close to short and mid-term resistance. This area between 43 and 44 USD could stop the bullish trend seen since early January. Also in weekly data the share is in contact with a long-term resistance at 43.42 USD. The bearish trend could allow share to fill in the gap, which is formed last November. A bullish gap is formed on the occasion of earnings releases. The proximity of resistance levels could push the share in a downward trend in order to fill in the new gap.

Both technical pattern and high value’s fundamental levels, allow us to imagine a bearish trend. We could fix the target price around 40 USD short-term support and moving average 20 periods’ area. We suggest a stop loss above 44 USD, the cross of this zone can allow to continue a bullish trend.

NetApp Inc. : Good time to sell off

© Zonebourse.com 2012
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Company
Provides data management and storage solutionsNetApp, Inc. engages in the provision of software, systems, and services for the management and storage of customer data.The company's products include hybrid, enterprise all-flash, and cloud storages.Its patented unified scale-out fabric-attached... 
Sector
Computer Hardware
Calendar
10/05Ex-dividend day
More about the company
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Financials ($)
Sales 2017 5 391 M
EBIT 2017 798 M
Net income 2017 409 M
Finance 2017 2 481 M
Yield 2017 2,13%
P/E ratio 2017 23,71
P/E ratio 2018 18,85
EV / Sales 2017 1,39x
EV / Sales 2018 1,40x
Capitalization 9 982 M
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Chart NETAPP INC.
Duration : Period : Day
NetApp Inc. Technical Analysis Chart | NTAP | US64110D1046 | 4-Traders
Duration : Period : Week
NetApp Inc. Technical Analysis Chart | NTAP | US64110D1046 | 4-Traders
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