NetApp (NTAP) Marked As A Barbarian At The Gate
- NTAP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $138.2 million.
- NTAP has traded 7.8 million shares today.
- NTAP traded in a range 237.8% of the normal price range with a price range of $1.54.
- NTAP traded above its daily resistance level (quality: 180 days, meaning that the stock is crossing a resistance level set by the last 180 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).
Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher. EXCLUSIVE OFFER: Get the inside scoop on opportunities in NTAP with the Ticky from Trade-Ideas. See the FREE profile for NTAP NOW at Trade-Ideas More details on NTAP: NetApp, Inc. is engaged in design, manufacture, and marketing of networked storage solutions. The company provides storage and data management software, systems, and services. The stock currently has a dividend yield of 1.7%. NTAP has a PE ratio of 21.5. Currently there are 6 analysts that rate NetApp a buy, 3 analysts rate it a sell, and 16 rate it a hold. The average volume for NetApp has been 3.8 million shares per day over the past 30 days. NetApp has a market cap of $12.8 billion and is part of the technology sector and computer hardware industry. The stock has a beta of 1.77 and a short float of 2.2% with 2.37 days to cover. Shares are down 4.5% year-to-date as of the close of trading on Wednesday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates NetApp as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Highlights from the ratings report include:
- NETAPP INC has improved earnings per share by 25.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, NETAPP INC increased its bottom line by earning $1.85 versus $1.37 in the prior year. This year, the market expects an improvement in earnings ($2.96 versus $1.85).
- Although NTAP's debt-to-equity ratio of 0.26 is very low, it is currently higher than that of the industry average. To add to this, NTAP has a quick ratio of 2.17, which demonstrates the ability of the company to cover short-term liquidity needs.
- The gross profit margin for NETAPP INC is rather high; currently it is at 68.17%. 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 11.94% trails the industry average.
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Computers & Peripherals industry and the overall market on the basis of return on equity, NETAPP INC has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Computers & Peripherals industry average. The net income increased by 13.3% when compared to the same quarter one year prior, going from $173.80 million to $197.00 million.
- You can view the full NetApp Ratings Report.
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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