Big Data Value Store
NetApp, Inc. (NetApp) is a US based global provider of storage systems and data management solutions for information technology (IT) infrastructures. Its fabric-attached storage (FAS) platform offers a storage platform for business applications, shared infrastructures and cloud environments. NetApp is an original equipment manufacturer (OEM) storage provider and enables OEMs to offer IT and storage solutions that serve specific markets and customer requirements.
[PostStockWidget stock_valuation="" pricetype="live" manual_date="Dec. 21, 2012, 2:04pm GMT" symbolcodes="'NTAP'" symbolprices="50" div_align="right"]
The data storage space has been weak for months now as can be seen with NTAP’s big competitor EMC.
Given the strong financial position of NTAP and the positive outlook for earnings growth, we believe that the current valuation is an attractive entry point.
Purple Chips 12 -18 month target: $USD 50.00
LOW VALUATION IN NTAP AT $USD 41 (NTAP, $41.23) FULL POSITION
PURPLE CHIPS TARGET: $50.00 POSITION SIZE: FULL (5.0) P/E: 15.3X DIV: $0.60 (1.5%) MKT CAP: $13.7B Cash: $4.2B RETURN ON CAPITAL: 15.1% EARNINGS YIELD: 8.0% 5 YR EPS Growth rate*:14.2% P/E/G Ratio: 1.11 EPS: $2.63 2015 EST.: $3.04 2016 EST.: $3.39
*Blended growth rate= 2/3 historical (5yrs), 1/3 forward.
