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Network Appliance Inc.
495 East Java Drive
Sunnyvale, CA 94089
United States - Map
Phone: 408-822-6000
Fax: 408-367-3151
Web Site: http://www.netapp.com

DETAILS  
Index Membership: S&P 500
S&P 1500 Super Comp
Nasdaq 100
Sector: Technology
Industry: Data Storage Devices
Full Time Employees: 6,635


BUSINESS SUMMARY  
Network Appliance, Inc. provides data management solutions that simplify the complexities of storing, managing, protecting, and archiving enterprise data. It offers Data ONTAP operating system software to build storage infrastructure and an enterprise-wide data fabric for business applications; and Data ONTAP GX, an operating system to support integrated and multinode systems. The company also provides data management software, such as FlexVol technology that enables storage architectures with flexible volumes; FlexClone technology enables data cloning or the replication of data volumes and data sets; FlexShare, which enables consolidation of disparate applications, prioritization of specific data sets, and adjustment of priorities if business needs change; FlexCache technology that enables the creation of read-writeable replicas of volumes; and MultiStore software, which enables to create separate logical partitions in storage systems and network storage resources. Further, Network Appliance offers fabric-attached storage family of networked storage systems that provide access to enterprise data for users on various platforms; V-Series family, a network-based solution that consolidates storage arrays from suppliers behind the NetApp data management interface, enabling unified SAN and NAS file access to data stored in Fibre Channel SAN storage arrays; data protection software products; data protection platform products; data retention and archive software products; NearStore family of products for data protection and retention applications; virtual tape library; storage management and application software that includes storage, data, server, and application suite of products; and StoreVault, an ONTAP technology developed for small to medium-sized businesses. The company was founded in 1992 and is based in Sunnyvale, California.

AP
Network Appliance Shares Rise on Outlook
Thursday August 16, 10:08 am ET 
Network Appliance Posts Lower 1st-Quarter Profit but Lifts Outlook, Sending Shares Higher


SUNNYVALE, Calif. (AP) -- Shares of Network Appliance Inc. jumped Thursday after the network storage system provider posted a revenue outlook above Wall Street's expectations, raising investor confidence in a coming rebound.

 
On Wednesday after the closing bell, NetApp posted a profit of $34.3 million, or 9 cents per share, for the quarter ended July 27, down 37 percent from $54.7 million, or 14 cents per share, in the year-ago period.

Adjusted earnings totaled $76 million, or 20 cents per share, in the latest period.

Revenue rose 11 percent to $689.2 million from $621.3 million.

Analysts, on average, were expecting a profit of 19 cents per share on an adjusted basis, according to a poll by Thomson Financial.

The company was disappointed with the quarter's revenue growth, but "confident about our underlying business strength and continued health," said Dan Warmenhoven, chief executive, in a statement.

For the second quarter, NetApp forecast a profit of 16 cents to 18 cents per share, or adjusted earnings between 24 cents and 26 cents per share, on sales of $752 million to $768 million.

Analysts are expecting earnings of 24 cents per share on sales of $743.2 million.

"Our bookings growth and cash flow are both very encouraging, and we are optimistic about getting back on track for higher growth in revenue and profits going forward," he added.

JPMorgan analyst Bill Shope said the path to recovery is clearer for NetApp.

"While it may take time for the clouds to lift from the story, the company has navigated through the seasonally toughest quarter of its fiscal year, and we believe the shares are poised for a sharp recovery as we progress through the calendar year," he wrote in a note to clients.

The company also approved a $1 billion stock buyback program, which Shope said should build investor confidence.

The report and buyback prompted analysts from Caris & Co. and A.G. Edwards to upgrade their ratings on the stock to "Buy."

Shares rose $1.83, or 7.6 percent, to $25.99 in morning trading even as the broader market declined on mortgage and credit worries. In the past 52 weeks, the stock has lost more than 25 percent of its value.

Formed nice base
Digital content is driving demand for more storage. Target $40.00...JMHO of course, do your own DD !


52wk Range: 22.51 - 41.56
Volume: 6,562,345
Avg Vol (3m): 10,384,000
Market Cap: 9.45B
P/E (ttm): 33.96
EPS (ttm): 0.77

Technicals
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
2.47%above 13-day MA
-10.76%below 50-day MA
RS Rating: 7 

Fundamentals
Key Data:
Market Cap (M): $8,521.85 
P/E Ratio: 30.58 
PEG Ratio: 1.58706 
Next Earnings: 11/14/2007
Last Analyst Rating: Underperform

Caris & Company reiterates Above Average. Target $28 to $37. Caris raises their target on NTAP to $37 from $28 to reflect positive recent checks in the US federal sector and in Europe. Although US indirect checks remain weak, firm suspect that there is an indirect-to-direct mix shift which is taking place here. Recent developments (strong storage sales at EMC Corp. (EMC), Emulex (ELX) and QLogic (QLGC) guiding well for CQ4, ELX's ESP segment rebounding) increase their conviction level, while the recent share buyback activity is an added kicker.



52wk Range: 22.51 - 41.56
Volume: 9,007,702
Avg Vol (3m): 9,686,230
Market Cap: 11.20B
P/E (ttm): 43.74
EPS (ttm): 0.72

Technicals
Most Actives

Last Price Quote is:
3.63%above 13-day MA
9.21%above 50-day MA
RS Rating: 72 

Fundamentals
Earnings Expected on Nov 14

Key Data:
Market Cap (M): $11,204.77 
P/E Ratio: 43.83 
PEG Ratio: 2.07732 
Next Earnings: 11/14/2007
Last Analyst Rating: Outperform

Reuters
Network Appliance profit tops Wall St, shares leap
Wednesday November 14, 4:55 pm ET


LOS ANGELES (Reuters) - Network Appliance Inc (NasdaqGS:NTAP - News) posted a better-than-expected quarterly profit and outlook on Wednesday despite worries about slow U.S. enterprise spending, sending its shares up 11 percent.


The data storage equipment maker said revenue growth was driven by strength in the U.S. federal sector and Europe and Asia, offsetting sluggish North American corporate spending.

"We ... felt the slowdown early, in fiscal Q1, but we actually saw a pretty good rebound around the world except for large accounts in North America, which are dominated by large financial services companies," Chief Executive Dan Warmenhoven told Reuters. "The global economy is very strong ... the weakness is concentrated in the financial services sector."

Net income was $83.8 million, or 23 cents per share, compared with $86.9 million, or 22 cents per share, in last year's third quarter. Last year's earnings per share was based on a higher number of shares outstanding.

Excluding amortization of intangibles, stock-based compensation, acquisition-related costs and other items, NetApp's quarterly profit rose to $116.4 million, or 32 cents per share, from $108.9 million, or 28 cents per share, in the year-ago period.

Revenue rose 21 percent to $792.2 million in the quarter.

Analysts, on average, expected adjusted earnings of 26 cents per share and revenue of $760.3 million, according to Reuters Estimates.

Shares of NetApp rose 10.8 percent to $29.49 in after-hours trade, after closing on Wednesday at $26.61 on Nasdaq.

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NETWORK APPLIANCE (NasdaqGS:NTAP)   

After Hours: $29.20  +$2.59 or  (+9.73%) as of 4:57PM ET on 11/14/07

AP
Network Appliance Shares Rise on Outlook
Wednesday November 14, 4:56 pm ET 
Network Appliance Issues Fiscal 3rd-Quarter Profit Prediction Ahead of Wall Street Estimates


SUNNYVALE, Calif. (AP) -- Network Appliance Inc., which makes network-attached storage systems, on Wednesday issued a fiscal third-quarter profit ahead of Wall Street predictions.
The guidance for the three months ending in January 2008, along with strong fiscal second-quarter results, sent Network Appliance shares up $2.56, or 9.6 percent, to $29.17 in aftermarket trading, after falling 34 cents to $26.61 in the regular session.

Network Appliance said it expects to post a third-quarter profit of 23 cents or 24 cents per share, or 33 cents or 34 cents per share excluding one-time charges.

The company also projected revenue of $872 million to $883 million.

Analysts polled by Thomson Financial expect a third-quarter profit of 32 cents per share, excluding one-time charges, on $852.6 million in revenue.

Sector is coming back......
Above the 50-day MA

52wk Range: 19.00 - 39.08
Volume: 11,252,451
Avg Vol (3m): 8,024,970
Market Cap: 7.93B
P/E (ttm): 27.60
EPS (ttm): 0.84

Technicals
Most Actives

Last Price Quote is:
4.83%above 13-day MA
4.97%above 50-day MA
RS Rating: 71 

Fundamentals
Coverage Initiated: Equal-Weight

Key Data:
Market Cap (M): $7,863.26 
P/E Ratio: 27.20 
PEG Ratio: 1.33871 
Next Earnings: 05/21/2008
Last Analyst Rating: Equal-Weight

updated chart look...

Price and moving averages
Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.

Bollinger Bands
NTAP has closed below upper band by 16.5%. Bollinger Bands are 20.7% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

rating system posted a BUY today, same as yesterday. The market seems to continue bullish move. If you bought, continue to hold stock until SELL signal. You are relatively safe to buy now, upward move is expected.
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Target
Six months: 24.47     One year: 28.58

Support
Support1: 17.15    Support2: 14.80

Resistance
Resistance1: 20.95    Resistance2: 24.47 

Pivot
19.34 

Moving Averages
MA(5): 19.54     MA(20): 18.93

MA(100): 16.40     MA(250): 17.56

MACD
MACD(12,26): 0.53     Signal(12,26,9): 0.49

Stochastic Oscillator
%K(14,3): 69.80     %D(3): 65.14

RSI
RSI(14): 60.52

52-Week
High: 26.78  Low: 10.39  Change(%): -15.4

Average Volume(K)
3-Month: 11383  10-Days 11026

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Financials
EPS
0.260

EPS Est. Current Year
1.010

EPS Est. Next Year
1.130

EPS Est. Next Quarter
0.210

Forward EPS


Book Value (p.s.)
5.023

PEG Ratio
1.33

Profit Margin
2.45

Operating Margin
6.78

Return on Assets (ttm)
3.2

Return on Equity (ttm)
5.2

Qtrly Rev. Growth
-6.1

Gross Profit (p.s.)
6.074

Sales Per Share
10.697

EBITDA (p.s.)
1.240

Qtrly Earnings Growth
-16.40

Operating Cash Flow (M)
873.42

Levered Free Cash Flow (M)
347.61
-------------------------------------------------------------------------------------------
Valuation
P/E
77.46

P/E Growth Ratio
0.01

P/BV
4.01

P/S
1.88

P/CF
7.63

Dividend Yield
--------------------------------------------------------------------------------------
MACD indication
It's an uptrend itself.

Technicals
Last Price Quote is:
4.54%above 13-day MA
11.87%above 50-day MA
RS Rating: 50 

Fundamentals
Key Data:
Market Cap (M): $6,661.31 
P/E Ratio: 79.22 
PEG Ratio: 2.03731 
Next Earnings: 08/12/2009
Last Analyst Rating: Hold

52wk Range: 10.39 - 26.78
Volume: 8,988,414
Avg Vol (3m): 11,357,800
Market Cap: 6.66B
P/E (ttm): 77.76
EPS (ttm): 0.26
Div & Yield: N/A (N/A)

15% Growth Year-over-year And Large R And D
Spending Make NetApp (NTAP) A Dream Stock
In The Data Sector For Director Of Brigantine Advisors


On Wednesday March 31, 2010, 10:34 am EDT
67 WALL STREET, New York - March 31, 2010 - The Wall Street Transcript has just published its Data Hosting & Data Storage Report offering a timely review of the sector to serious investors and industry executives. This 32 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Cloud Computing - Managed Hosting - Colocation Data Storage - Trend To Outsource Data To Reduce Costs - Equinix Acquisition of Switch & Data - M&A Activity Forecast - Increased Demand For Data Storage - Next-Generation Technologies - Improved Virtual Security

Companies include: Amazon.com (AMZN); Neutral Tandem (TNDM); 3PAR (PAR); Akamai (AKAM); Cbeyond (CBEY); Compellent (CML); DuPont Fabros Technology, Inc. (DFT); EMC (EMC); Equinix (EQIX); Hewlett-Packard (HPQ); Imation (IMN); Internap (INAP); Iowa Telecom (IWA); Knology (KNOL); Limelight (LLNW); NetApp (NTAP); NetScout (NTCT); and many more.

In the following brief excerpt from the 32 page report, Mark Kelleher discusses the outlook for the Data Storage sector and for investors.

Mark Kelleher is a Managing Director and Senior Analyst at Brigantine Advisors. He spent 15 years on Wall Street as a sell-side analyst before joining Brigantine Advisors, where he focuses on enterprise infrastructure. His past experience includes Senior Analyst roles at such firms as Tucker Anthony, First Albany and Canaccord Adams. In 1999 Mr. Kelleher was one of the first analysts to alert investors to the coming revolution in storage that included SANs and NAS architectures. Mr. Kelleher spent seven years as a Hardware Engineer, designing ASICs for Digital Equipment Corporation. He has an MBA from Boston University, and a B.S. in computer and systems engineering from Rensselaer Polytechnic Institute.

TWST: So with customers outsourcing more, in some ways the economic slowdown has been good for these companies. What does economic improvement bring for them?

Mr. Kelleher: I think the model has now been tested. You had this downturn and people kind of reached out for this model and explored it, and I think people are getting comfortable with it. I know the government is. The government now has these very secure buildings, and there's a big push with the administration to put everything out in the cloud. You now have these examples out there of things that work. I think that has happened in the commercial side as well. You have companies like Rackspace. Rackspace doesn't do colocation, but they do do cloud computing, and people who are using that are happy with that.

At the low end of the market, Amazon.com (AMZN) has their cloud computing facility. As you get more examples out there, as the recession kind of pushed people over the chasm - you talk about jumping the chasm, but I think the recession pushed people over that chasm - now they are over it and now you're in the widespread adoption phase. If you look at Terremark, for example, they have a March fiscal year ending March 2010. And for the full year, they should be up about 17% year-over-year. That's not bad, considering the past year that we've had.

TWST: As you mentioned, cloud computing is a hot topic for the industry. What's the broader impact of this for the industry? Do you consider any particular companies to be better positioned to capitalize on the opportunities cloud computing represents?

Mr. Kelleher: There are a number of different places that are interesting to look at. One is just the simple facilities of who is providing it. I keep coming back to Terremark because I'm very impressed with their facilities and a company like Terremark is well positioned to pick up that business. Equinix doesn't do managed services, it doesn't really do the higher-level cloud computing capabilities, but Equinix has made itself the on-ramp for the Internet, with all of the connectivity that they have within their facilities. So they are all well positioned. On the product side, it's companies that are designing platforms that are specifically aimed at a virtual environment.

VMware is well positioned on the server side, and companies like NetApp (NTAP) are extremely well positioned on the storage side. And you're starting to see them increasingly show up within data centers as the platform of choice for cloud computing. You can go in other directions, too. NetScout (NTCT), for example, is a company that does network diagnostic software and hardware to figure out what's going on across the wires. If you have a virtual environment, you have a lot more bandwidth going across between different points, and it becomes more important to know which virtual machine is affecting which virtual machine and really figuring out what's causing delays on the network. That's where something like NetScout can come in. There are different elements at play within the whole architecture.

TWST: Are there any other new technologies coming down the pipe that would impact these companies in terms of significant capital investments or competitive standing?

Mr. Kelleher: On the colocation and service providers side, it's primarily the investment in the facilities that requires the top capacity. On the other side, the R And D that has to be spent to get to a cloud computing level has been invested and now you're either there or you're not. I think companies like 3PAR and Compellent (CML) are there, but companies like Hewlett-Packard (HPQ) are behind. Hewlett-Packard, with their EVA product line in storage, is falling behind, in my opinion, in the virtual storage world, and they are beginning to lose market share. They put out their numbers last week and one of the only weak spots in their entire report was their storage group. Well, their loss is NetApp's gain. NetApp is growing 15% year-over-year.

That is faster than the storage market is growing, so they're taking market share and benefiting from the fact that they've already spent a good amount on R And D to get their products to the next level. So if the economy picks up - as a lot of people, including myself, believe that we are out of the woods - the IT world is anticipating, or I think has put off, upgrades to their technology for some time, and now you're in the mode where you're going to hit a refresh cycle. And when that refresh cycle hits, those dollars are going to go towards the most advanced virtual infrastructures that are out there. I think that's where some of these companies like NetApp are positioned strongly.

The Wall Street Transcript is a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs and research analysts. This Special Issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online .

The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.

NetApp to Drive Storage Efficiency Discussion in the Oil and Gas Industry in April

Press Release Source: NetApp, Inc. On Thursday April 1, 2010, 2:45 pm EDT

SUNNYVALE, CA--(Marketwire - 04/01/10) - NetApp (NASDAQ:NTAP - News) will join other business and technology leaders to discuss storage efficiency and data management in the oil and gas industry in April 2010.

OilandGasInvestor.com Webinar
Claude Steinmayer, senior manager of Solutions Marketing at NetApp, will join a panel of speakers for an OilandGasInvestor.com Webinar titled "Improve Efficiency and Decision-Making with a Unified 64-Bit E&P Environment." The panel, comprised of experts from Apache Corp., Hart Energy Publishing LP, Microsoft Corp., NetApp, and Schlumberger, will discuss how modern seismic applications running on 64-bit operating systems can help oil and gas companies speed decision-making and better manage the growing amount of data required to effectively run operations. The Webinar will take place on Tuesday, April 13, at 10 a.m. CT. For more information, visit https://secure.oilandgasinvestor.com/webinars/?eventid=46.

For more information about NetApp industry-standards efforts to help rapid application deployment, smooth integration into customers' existing infrastructures, and improve interoperability with other vendors' solutions by using and supporting open standards, visit www.netapp.com/us/company/leadership/industry-standards.

Discuss this news in NetApp Communities, where you can exchange thoughts and ideas on a variety of topics with our community members. Collaborate with our company, engage in conversation with NetApp leaders and employees, and participate in our passion to go further, faster. Join now at www.netapp.com/us/communities.

About NetApp
NetApp creates innovative storage and data management solutions that accelerate business breakthroughs and deliver outstanding cost efficiency. Discover NetApp's passion for helping companies around the world go further, faster at http://www.netapp.com/.

NetApp, the NetApp logo, and Go further, faster are trademarks or registered trademarks of NetApp, Inc. in the United States and/or other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.

Contact:
Press Contact:NetApp PR HotlinePh: (408) [email protected]

Strong company in the storage area, expecting slow and steady growth...

52wk Range: 14.80 - 34.99
Volume: 12,611,618
Avg Vol (3m): 6,626,450
Market Cap: 11.81B
P/E (ttm): 34.61
EPS (ttm): 0.99

Technicals
Close Above the 13-day MA
Most Actives
Gap Up

Last Price Quote is:
4.22%above 13-day MA
6.59%above 50-day MA
RS Rating: 4  

Fundamentals
Earnings Expected on May 19

Key Data:
Market Cap (M): $11,610.92  
P/E Ratio: 36.03  
PEG Ratio: 2.02469  
Next Earnings: 05/19/2010
Last Analyst Rating: Market Perform

135% run on the 1 year chart...

updated chart look...

power chart ! 

the 1 year chart below.......

a performer...

52wk Range: 17.86 - 38.65
Volume: 3,117,434
Avg Vol (3m): 6,292,930
Market Cap: 13.27B
P/E (ttm): 38.86
EPS (ttm): 0.99
Div & Yield: N/A (N/A)

Technicals
Most Actives

Last Price Quote is:
11.74%above 13-day MA
13.57%above 50-day MA
RS Rating: 6 

Fundamentals
Key Data:
Market Cap (M): $12,986.11 
P/E Ratio: 33.54 
PEG Ratio: 1.48555 
Next Earnings: 08/18/2010
Last Analyst Rating: Mkt Perform