Shareholder returns and stock trends
NetApp (NTAP) generated investor returns of -9.3% in the trailing-one-month period. In comparison, it has generated -13.5% YTD (year-to-date). The company’s share price fell 9.3% in the trailing-five-day period and fell 29% in the trailing-12-month period.
In comparison, Cisco (CSCO), Microsoft (MSFT), and EMC (EMC), peer companies in the enterprise storage subsector, generated returns of -3.4%, 7%, and 2.2%, respectively, in the trailing-12-month period.
On June 27, 2016, NetApp closed the trading day at $22.96. Based on this figure, here’s how the stock fared in terms of its moving averages:
- 7.6% below its 100-day moving average of $24.85
- 5.5% below its 50-day moving average of $24.30
- 7.6% below its 20-day moving average of $24.84
Moving average convergence divergence
The MACD (moving average convergence divergence) is the difference between a company’s short-term and long-term moving averages. NetApp’s 14-day MACD is -0.17. This negative figure indicates a downward trading trend.
The company’s 14-day RSI (relative strength index) is 35, which shows that the stock is somewhat oversold. An RSI below 30 suggests that a stock has been oversold, while an RSI above 70 indicates that the stock is overbought.
Of the 38 analysts covering NetApp, three have “buy” recommendations, 12 have “sell” recommendations, and 23 have “hold” recommendations. Analysts’ stock price target for the company is $23.50, with a median target estimate of $23. NetApp is trading at a discount of 0.17% to its median target. Cisco accounts for 3.2% of the Technology Select Sector SPDR ETF (XLK).