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Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
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Prospect Capital Corporation: A Gold Nugget or Value Trap?
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Laser breakthrough could send stock soaring 2,467% (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk (Ad)
52-week Low Names To Tip The Upside Scale In Your Favor
Is New IPO Instacart Already Hitting Speed Bumps?
30 Days of MarketBeat All Access Free (Ad)
Prospect Capital Corporation: A Gold Nugget or Value Trap?
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Laser breakthrough could send stock soaring 2,467% (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk (Ad)
52-week Low Names To Tip The Upside Scale In Your Favor
Is New IPO Instacart Already Hitting Speed Bumps?
30 Days of MarketBeat All Access Free (Ad)
Prospect Capital Corporation: A Gold Nugget or Value Trap?
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Laser breakthrough could send stock soaring 2,467% (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk (Ad)
52-week Low Names To Tip The Upside Scale In Your Favor
Is New IPO Instacart Already Hitting Speed Bumps?
30 Days of MarketBeat All Access Free (Ad)
Prospect Capital Corporation: A Gold Nugget or Value Trap?
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
NASDAQ:NTAP

NetApp (NTAP) Stock Forecast, Price & News

$76.02
+0.12 (+0.16%)
(As of 09/22/2023 ET)
Compare
Today's Range
$75.87
$76.67
50-Day Range
$74.72
$80.07
52-Week Range
$58.08
$80.53
Volume
1.15 million shs
Average Volume
1.80 million shs
Market Capitalization
$15.87 billion
P/E Ratio
13.75
Dividend Yield
2.63%
Price Target
$78.35

NetApp MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
3.1% Upside
$78.35 Price Target
Short Interest
Healthy
3.31% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.60mentions of NetApp in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$3.79 M Sold Last Quarter
Proj. Earnings Growth
10.49%
From $4.48 to $4.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.48 out of 5 stars

Computer And Technology Sector

214th out of 589 stocks

Computer Storage Devices Industry

2nd out of 5 stocks


NTAP stock logo

About NetApp (NASDAQ:NTAP) Stock

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 Price History

NTAP Stock News Headlines

Why Is NetApp (NTAP) Up 0.5% Since Last Earnings Report?
NetApp (NASDAQ:NTAP) Lowered to "Market Perform" at William Blair
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
NetApp Inc President Cesar Cernuda Sells 22,000 Shares
Susquehanna Upgrades Netapp (NTAP)
Loop Capital Markets Keeps Their Hold Rating on NetApp (NTAP)
NetApp Stock Flashing Renewed Technical Strength
NetApp Earnings Transcript (NASDAQ:NTAP)
See More Headlines
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NTAP Company Calendar

Ex-Dividend for 7/26 Dividend
7/06/2023
Dividend Payable
7/26/2023
Last Earnings
8/23/2023
Today
9/23/2023
Ex-Dividend for 10/25 Dividend
10/05/2023
Dividend Payable
10/25/2023
Next Earnings (Estimated)
12/05/2023
Fiscal Year End
4/30/2024

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 Forecast
$78.35
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$58.00
Forecasted Upside/Downside
+3.1%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
21 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
15.83%

Debt

Sales & Book Value

Annual Sales
$6.36 billion
Cash Flow
$5.61 per share
Book Value
$4.18 per share

Miscellaneous

Free Float
208,027,000
Market Cap
$15.87 billion
Optionable
Optionable
Beta
1.22

Social Links

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Key Executives

  • Mr. George KurianMr. George Kurian (Age 56)
    CEO & Director
    Comp: $1.46M
  • Mr. Cesar Cernuda Rego (Age 51)
    Pres
    Comp: $1.15M
  • Mr. Michael J. BerryMr. Michael J. Berry (Age 60)
    Exec. VP & CFO
    Comp: $785.81k
  • Ms. Elizabeth M. O'Callahan (Age 54)
    Exec. VP, Chief Legal Officer & Corp. Sec.
    Comp: $616.1k
  • Mr. Harvinder S. Bhela (Age 51)
    Exec. VP & Chief Product Officer
    Comp: $911.81k
  • Mr. Robert ParksMr. Robert Parks
    VP & Chief Accounting Officer
  • Mr. William H. Miller Jr.
    Sr. VP & Chief Information Officer
  • Ms. Kris Newton
    VP of Corp. Communications & Investor Relations
  • Ms. Gabrielle Boko
    Chief Marketing Officer
  • Ms. Debra Charlotte McCowan (Age 51)
    Exec. VP & Chief HR Officer













NTAP Stock - Frequently Asked Questions

Should I buy or sell NetApp stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last twelve months. There are currently 1 sell rating, 11 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

21 Wall Street analysts have issued 1 year price objectives for NetApp's stock. Their NTAP share price forecasts range from $58.00 to $100.00. On average, they anticipate the company's stock price to reach $78.35 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
View analysts price targets for NTAP
or view top-rated stocks among Wall Street analysts.

How have NTAP shares performed in 2023?

NetApp's stock was trading at $60.06 at the start of the year. Since then, NTAP stock has increased by 26.6% and is now trading at $76.02.
View the best growth stocks for 2023 here
.

When is NetApp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our NTAP earnings forecast
.

How can I listen to NetApp's earnings call?

NetApp will be holding an earnings conference call on Wednesday, February 21st 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) released its earnings results on Wednesday, August, 23rd. The data storage provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.08. The data storage provider had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.41 billion. NetApp had a trailing twelve-month return on equity of 85.69% and a net margin of 19.49%. The firm's quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.
Read the conference call transcript
.

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

NetApp announced a quarterly dividend on Wednesday, August 23rd. Shareholders of record on Friday, October 6th will be paid a dividend of $0.50 per share on Wednesday, October 25th. This represents a $2.00 annualized dividend and a yield of 2.63%. The ex-dividend date is Thursday, October 5th.
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 2.63%. The dividend payout ratio is 36.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTAP will have a dividend payout ratio of 40.40% 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 updated its second quarter 2024 earnings guidance on Thursday, August, 24th. The company provided EPS guidance of $1.35-$1.45 for the period, compared to the consensus estimate of $1.37. The company issued revenue guidance of $1.46 billion-$1.60 billion, compared to the consensus revenue estimate of $1.51 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).

What is NetApp's stock symbol?

NetApp trades on the NASDAQ under the ticker symbol "NTAP."

Who are NetApp's major shareholders?

NetApp's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.59%), Capital International Investors (6.45%), State Street Corp (4.39%), Geode Capital Management LLC (2.26%), Beutel Goodman & Co Ltd. (2.06%) and Bank of New York Mellon Corp (1.08%). Insiders that own company stock include Carrie Palin, Cesar Cernuda, Elizabeth M O'callahan, George Kurian, Gerald Held, Matthew K Fawcett, Michael J Berry, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $76.02.

How much money does NetApp make?

NetApp (NASDAQ:NTAP) has a market capitalization of $15.87 billion and generates $6.36 billion in revenue each year. The data storage provider earns $1.27 billion in net income (profit) each year or $5.53 on an earnings per share basis.

How many employees does NetApp have?

The company employs 12,000 workers across the globe.

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
How can I contact NetApp?

NetApp's mailing address is 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089. The official website for the company is www.netapp.com. The data storage provider can be reached via phone at (408) 822-6000, via email at investor_relations@netapp.com, or via fax at 408-822-4501.

This page (NASDAQ:NTAP) was last updated on 9/23/2023 by MarketBeat.com Staff

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