NetApp Inc. Retains Buy Recommendation
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- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Computers & Peripherals industry. The net income increased by 52.2% when compared to the same quarter one year prior, rising from $109.60 million to $166.80 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 2.6%. Since the same quarter one year prior, revenues slightly increased by 0.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Although NTAP's debt-to-equity ratio of 0.24 is very low, it is currently higher than that of the industry average. To add to this, NTAP has a quick ratio of 2.44, which demonstrates the ability of the company to cover short-term liquidity needs.
- Net operating cash flow has slightly increased to $362.50 million or 7.75% when compared to the same quarter last year. In addition, NETAPP INC has also modestly surpassed the industry average cash flow growth rate of 6.57%.
- The gross profit margin for NETAPP INC is rather high; currently it is at 67.60%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 10.76% trails the industry average.
--Written by a member of TheStreet Ratings Staff. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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