Image from Pixabay NetApp (NTAP) has spent years quietly retiring its own stock while the attention went to its flash arrays and AI deals. The stock is not quiet now: it has gained about 92% over the trailing six months and sits roughly 5% below its 52-week high. Fewer shares mean each one carries more of the profit. The question is what that is worth at this price. Why Does NetApp's Per-Share Profit Outrun Its Total Profit? The mechanics are dull, and it works while you do nothing. NetApp cut its total share count by 2.5% over the past year. Hold the same shares and you own more of the company than you did twelve months ago, without spending a cent. That shows up in the earnings line. Over the last three years, NetApp's net income has grown 3.
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