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NetApp (NTAP) Stock Price, News & Analysis

$126.15
+0.59 (+0.47%)
(As of 07/26/2024 ET)
Today's Range
$125.21
$126.90
50-Day Range
$112.28
$134.62
52-Week Range
$70.82
$135.01
Volume
1.19 million shs
Average Volume
1.64 million shs
Market Capitalization
$25.96 billion
P/E Ratio
27.19
Dividend Yield
1.65%
Price Target
$117.81

NetApp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.24 Rating Score
Upside/​Downside
6.6% Downside
$117.81 Price Target
Short Interest
Healthy
2.79% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
1.47mentions of NetApp in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$5.40 M Sold Last Quarter
Proj. Earnings Growth
8.96%
From $5.47 to $5.96 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.

4.47 out of 5 stars

Computer And Technology Sector

116th out of 612 stocks

Computer Storage Devices Industry

2nd 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

Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
Super Micro stock market logo on smartphone screen
Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
Super Micro Computer stock is now looking to beat Nvidia at its own game, Wall Street analysts agree that there is double-digit upside in the stock's future
Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
Brokerages Set NetApp, Inc. (NASDAQ:NTAP) PT at $117.81
NetApp Hosts Investor Day
NetApp increases dividend by ~4% to $0.52
See More Headlines
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Company Calendar

Last Earnings
5/30/2024
Ex-Dividend for 7/24 Dividend
7/05/2024
Dividend Payable
7/24/2024
Today
7/26/2024
Next Earnings (Estimated)
8/28/2024
Fiscal Year End
4/30/2025

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:NTAP
CUSIP
64110D10
Employees
11,800
Year Founded
1992

Price Target and Rating

Average Stock Price Target
$117.81
High Stock Price Target
$155.00
Low Stock Price Target
$80.00
Potential Upside/Downside
-6.6%
Consensus Rating
Hold
Rating Score (0-4)
2.24
Research Coverage
17 Analysts

Profitability

Net Income
$986 million
Pretax Margin
20.15%

Debt

Sales & Book Value

Annual Sales
$6.27 billion
Cash Flow
$6.49 per share
Book Value
$5.57 per share

Miscellaneous

Free Float
205,041,000
Market Cap
$25.96 billion
Optionable
Optionable
Beta
1.27

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NTAP Stock Analysis - Frequently Asked Questions

How have NTAP shares performed this year?

NetApp's stock was trading at $88.16 at the beginning of the year. Since then, NTAP stock has increased by 43.1% and is now trading at $126.15.
View the best growth stocks for 2024 here
.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) released its quarterly earnings results on Thursday, May, 30th. The data storage provider reported $1.80 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.32. NetApp's revenue was up 5.5% compared to the same quarter last year.
Read the conference call transcript
.

Is NetApp buying back stock?

NetApp's board initiated a stock buyback program on Thursday, May 30th 2024, which allows the company to repurchase $1,000,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

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.

Does NetApp have any subsidiaries?

NetApp subsidiaries include these companies: Fylamynt, CloudCheckr, Data Mechanics Inc., Spot, CloudJumper, Talon Storage, Cognigo, and more.

Who are NetApp's major shareholders?

Top institutional shareholders of NetApp include Bank of New York Mellon Corp (0.79%), AustralianSuper Pty Ltd (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.25%) and Wedge Capital Management L L P NC (0.25%). Insiders that own company stock include George Kurian, Cesar Cernuda, Gerald Held, Elizabeth M O'callahan, Thomas Michael Nevens, Robert Parks, Matthew K Fawcett and Carrie Palin.
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.

What other stocks do shareholders of NetApp own?

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

This page (NASDAQ:NTAP) was last updated on 7/27/2024 by MarketBeat.com Staff

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