The No. 1 AI Stock of 2024 (Not Nvidia)
It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.
About NetApp, Inc
NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Global File Cache, NetApp SaaS Backup, NetApp Cloud Manager, NetApp Fabric Orchestrator, and NetApp Cloud Insights. It also provides hybrid cloud solutions, such as NetApp ONTAP Storage Operating System, NetApp AFF A-series, NetApp AFF C190, NetApp FAS Series, FlexPod, NetApp ONTAP Select, NetApp MAX Data, NetApp Data Availability Services, NetApp SnapCenter Backup Management Software, NetApp SnapMirror Data Replication Software, NetApp SnapLock Data Compliance Software, NetApp StorageGRID Object Storage Software, NetApp Element Operating System, NetApp SolidFire, NetApp HCI, NetApp SANtricity Storage Operating System, NetApp EF-Series, NetApp E-Series, NetApp Active IQ Predictive Analytics and Support, NetApp OnCommand Insight, and NetApp OnCommand Workflow Automation. Further, it provides software maintenance, hardware maintenance, and other services, including professional services, global support solutions, and customer education and training. It serves the energy, financial services, government, high technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners. NetApp has strategic partnership with Fujitsu for data management infrastructure. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.
General
| Name | NetApp, Inc |
| Ticker | NTAP |
| Exchange | NASDAQ |
| Sector | Technology |
| Industry | Computer Hardware |
| Currency | USD |
| Country | USA |
| Fiscal Year End | April |
| Full Time Employees | 10,800 |
Highlights
| Analyst Target | 75.24 |
| Market Cap | 15,646,623,744 |
| PE Ratio | 22.78 |
| PEG Ratio | 1.27 |
| EBITDA | 1,080,000,000 |
Share Stats
| Shares Outstanding | 222,600,992 |
| Shares Float | 222,031,288 |
| Shares Short | 9,251,353 |
| Insider Holdings | 30% |
| Institution Holdings | 103.46% |
Highlights
| Analyst Target | 75.24 |
| Market Cap | 15,646,623,744 |
| PE Ratio | 22.78 |
| PEG Ratio | 1.27 |
| EBITDA | 1,080,000,000 |
Valuation
| Trailing PE | 26.64 |
| Forward PE | 13.97 |
| Price/Sales (Trailing 12 Mt.) | 2.49 |
| Price/Book (Most Recent Quarter) | 36.96 |
Dividend
NetApp, Inc pays out a dividend of $1.92 per share, with a dividend yield of 1.65%.
NTAP's last dividend payment was made to shareholders on April 28, 2021.
They pay out 47.17% of their earnings out as a dividend.
Recent Dividends
| Jul 24, 2024 | $0.52 |
| Apr 24, 2024 | $0.50 |
| Jan 24, 2024 | $0.50 |
| Oct 25, 2023 | $0.50 |
| Jul 26, 2023 | $0.50 |
| Apr 26, 2023 | $0.50 |
| Jan 25, 2023 | $0.50 |
| Oct 26, 2022 | $0.50 |
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