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NASDAQ:NTAP

NetApp (NTAP) Stock Price, News & Analysis

$98.71
-1.43 (-1.43%)
(As of 12:33 PM ET)
Today's Range
$98.67
$100.74
50-Day Range
$84.60
$106.48
52-Week Range
$60.92
$112.48
Volume
286,904 shs
Average Volume
1.86 million shs
Market Capitalization
$20.37 billion
P/E Ratio
22.43
Dividend Yield
2.03%
Price Target
$97.94

NetApp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
1.6% Downside
$97.94 Price Target
Short Interest
Healthy
2.52% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.64mentions of NetApp in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$4.14 M Sold Last Quarter
Proj. Earnings Growth
5.81%
From $5.16 to $5.46 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.31 out of 5 stars

Computer And Technology Sector

133rd out of 582 stocks

Computer Storage Devices Industry

1st out of 5 stocks

NTAP stock logo

About NetApp Stock (NASDAQ:NTAP)

NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. In addition, it provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, and cloud operations services, such as NetApp Cloud Insights, Spot by NetApp, and Instaclustr. Further, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Additionally, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

NTAP Stock Price History

NTAP Stock News Headlines

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Top Stock Picks for Week of April 1, 2024
NetApp Inc CEO George Kurian Sells 8,500 Shares
NTAP Apr 2024 83.000 call
NTAP Mar 2024 120.000 call
NTAP Mar 2024 106.000 call
NTAP Mar 2024 108.000 call
NTAP Mar 2024 92.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 1/24 Dividend
1/04/2024
Dividend Payable
1/24/2024
Last Earnings
2/29/2024
Ex-Dividend for 4/24 Dividend
4/04/2024
Today
4/19/2024
Dividend Payable
4/24/2024
Fiscal Year End
4/30/2024
Next Earnings (Estimated)
5/29/2024

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:NTAP
CUSIP
64110D10
Employees
12,000
Year Founded
1992

Price Target and Rating

Average Stock Price Target
$97.94
High Stock Price Target
$130.00
Low Stock Price Target
$58.00
Potential Upside/Downside
-2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
17 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
19.37%

Debt

Sales & Book Value

Annual Sales
$6.36 billion
Cash Flow
$5.56 per share
Book Value
$5.42 per share

Miscellaneous

Free Float
205,613,000
Market Cap
$20.67 billion
Optionable
Optionable
Beta
1.28

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NTAP Stock Analysis - Frequently Asked Questions

Should I buy or sell NetApp stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NTAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTAP, but not buy additional shares or sell existing shares.
View NTAP analyst ratings
or view top-rated stocks.

What is NetApp's stock price target for 2024?

17 brokerages have issued twelve-month price targets for NetApp's shares. Their NTAP share price targets range from $58.00 to $130.00. On average, they anticipate the company's stock price to reach $97.94 in the next twelve months. This suggests that the stock has a possible downside of 1.6%.
View analysts price targets for NTAP
or view top-rated stocks among Wall Street analysts.

How have NTAP shares performed in 2024?

NetApp's stock was trading at $88.16 at the beginning of 2024. Since then, NTAP stock has increased by 12.9% and is now trading at $99.52.
View the best growth stocks for 2024 here
.

Are investors shorting NetApp?

NetApp saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 5,180,000 shares, a drop of 28.0% from the March 15th total of 7,190,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.5% of the company's stock are sold short.
View NetApp's Short Interest
.

When is NetApp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our NTAP earnings forecast
.

How can I listen to NetApp's earnings call?

NetApp will be holding an earnings conference call on Thursday, February 27th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) announced its quarterly earnings results on Thursday, February, 29th. The data storage provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.25. The data storage provider earned $1.61 billion during the quarter, compared to analyst estimates of $1.59 billion. NetApp had a net margin of 15.21% and a trailing twelve-month return on equity of 109.49%. The company's quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $1.02 earnings per share.
Read the conference call transcript
.

How often does NetApp pay dividends? What is the dividend yield for NetApp?

NetApp announced a quarterly dividend on Thursday, February 29th. Investors of record on Friday, April 5th will be given a dividend of $0.50 per share on Wednesday, April 24th. This represents a $2.00 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, April 4th.
Read our dividend analysis for NTAP
.

Is NetApp a good dividend stock?

NetApp (NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.98%. The dividend payout ratio is 45.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTAP will have a dividend payout ratio of 36.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NTAP.

What guidance has NetApp issued on next quarter's earnings?

NetApp issued an update on its FY 2024 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of 6.400-6.500 for the period, compared to the consensus earnings per share estimate of 6.150. The company issued revenue guidance of $6.2 billion-$6.3 billion, compared to the consensus revenue estimate of $6.2 billion.

What is George Kurian's approval rating as NetApp's CEO?

390 employees have rated NetApp Chief Executive Officer George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among the company's employees.

What other stocks do shareholders of NetApp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include NVIDIA (NVDA), Intel (INTC), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), Netflix (NFLX), Micron Technology (MU), Salesforce (CRM), Adobe (ADBE) and Tesla (TSLA).

Who are NetApp's major shareholders?

NetApp's stock is owned by many different institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (1.12%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), State of Michigan Retirement System (0.03%), Alaska Permanent Fund Corp (0.03%), Wealth Enhancement Advisory Services LLC (0.03%) and Central Bank & Trust Co. (0.03%). Insiders that own company stock include Carrie Palin, Cesar Cernuda, Elizabeth M O'callahan, George Kurian, Gerald Held, Matthew K Fawcett, Michael J Berry, Robert Parks and Thomas Michael Nevens.
View institutional ownership trends
.

How do I buy shares of NetApp?

Shares of NTAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does NetApp have any subsidiaries?
The following companies are subsidiares of NetApp: Akorri Networks, Alacritus Software, BYMS International Inc., Blue Steel Acquisition LLC, Bycast, Cache IQ, Cloud Jumper LLC, CloudCheckr, CloudJumper, Clu Acquisition LLC, Cognigo, Cognigo Research Ltd, Data Mechanics Inc., Decru, Decru B.V., Engenio, Fylamynt, Greenqloud, NA Technology C.V., NetApp (China) Limited, NetApp (Hong Kong) Limited, NetApp (Shanghai) Commercial Co. Ltd., NetApp (Thailand) Limited, NetApp Argentina S.R.L., NetApp Asia Pacific Holdings B.V., NetApp Australia Pty. Ltd., NetApp Austria GmbH, NetApp B.V., NetApp Belgium BVBA, NetApp Brasil Solucoes de Gerenciamento e Armazenamento de Dados Ltda, NetApp Canada Ltd., NetApp Capital Solutions Inc., NetApp Chile Limitada, NetApp Denmark ApS, NetApp Deutschland GmbH, NetApp Finland Oy, NetApp France SAS, NetApp G.K., NetApp Global Holdings Ltd., NetApp Global Limited, NetApp Holding & Manufacturing B.V., NetApp Holdings Limited, NetApp Iceland ehf., NetApp India Marketing and Services Private Limited, NetApp India Private Limited, NetApp Israel R&D Ltd., NetApp Israel Sales Limited, NetApp Italia S.r.l., NetApp Korea Limited, NetApp Luxembourg S.a.r.l., NetApp Malaysia Sdn. Bhd., NetApp Mexico S. de R.L. de C.V., NetApp New Zealand Limited, NetApp Nigeria Limited, NetApp Norway AS, NetApp Poland Sp. spółka z ograniczoną odpowiedzialnością, NetApp R&D LLC, NetApp Russia LLC, NetApp Singapore Pte. Ltd., NetApp South Africa (Pty) Limited, NetApp Spain Sales SL, NetApp Sweden AB, NetApp Switzerland GmbH, NetApp Teknoloji Limited Sirketi, NetApp U.S. Public Sector Inc., NetApp UK Ltd., NetApp VTC Inc., NetApp Vietnam Company Limited, NetCache Inc., Network Appliance (Sales) Limited, Network Appliance Saudi Arabia LLC, Onaro, Onaro Inc., Onaro Israel Ltd., PT. NetApp Indonesia, Plexistor, Plexistor Ltd., Riverbed Technology - SteelStore, Scharfnet Ltd, SolidFire, SolidFire B.V., SolidFire Holdings C.V., SolidFire Holdings LLC, SolidFire International LLC, Sonoma Holdings C.V., Sonoma Holdings LLC, Spinnaker Networks, Spot, Spotinst LLC, Spotinst Ltd., StackPointCloud, StackPointCloud LLC, Talon Storage, Talon Storage Solutions Inc., Topio, WebManage Technologies, and ionGrid.
Read More
This page (NASDAQ:NTAP) was last updated on 4/19/2024 by MarketBeat.com Staff

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