S&P 500   4,594.63 (+0.59%)
DOW   36,245.50 (+0.82%)
QQQ   389.94 (+0.29%)
AAPL   191.24 (+0.68%)
MSFT   374.51 (-1.16%)
META   324.82 (-0.71%)
GOOGL   131.86 (-0.51%)
AMZN   147.03 (+0.64%)
TSLA   238.83 (-0.52%)
NVDA   467.65 (-0.01%)
NIO   7.16 (-1.51%)
BABA   73.98 (-1.20%)
AMD   121.39 (+0.19%)
T   16.77 (+1.21%)
F   10.58 (+3.02%)
MU   75.93 (-0.25%)
CGC   0.62 (+10.75%)
GE   122.50 (+0.57%)
DIS   92.55 (-0.15%)
AMC   6.87 (+3.16%)
PFE   28.91 (-5.12%)
PYPL   59.65 (+3.54%)
XOM   102.99 (+0.24%)
S&P 500   4,594.63 (+0.59%)
DOW   36,245.50 (+0.82%)
QQQ   389.94 (+0.29%)
AAPL   191.24 (+0.68%)
MSFT   374.51 (-1.16%)
META   324.82 (-0.71%)
GOOGL   131.86 (-0.51%)
AMZN   147.03 (+0.64%)
TSLA   238.83 (-0.52%)
NVDA   467.65 (-0.01%)
NIO   7.16 (-1.51%)
BABA   73.98 (-1.20%)
AMD   121.39 (+0.19%)
T   16.77 (+1.21%)
F   10.58 (+3.02%)
MU   75.93 (-0.25%)
CGC   0.62 (+10.75%)
GE   122.50 (+0.57%)
DIS   92.55 (-0.15%)
AMC   6.87 (+3.16%)
PFE   28.91 (-5.12%)
PYPL   59.65 (+3.54%)
XOM   102.99 (+0.24%)
S&P 500   4,594.63 (+0.59%)
DOW   36,245.50 (+0.82%)
QQQ   389.94 (+0.29%)
AAPL   191.24 (+0.68%)
MSFT   374.51 (-1.16%)
META   324.82 (-0.71%)
GOOGL   131.86 (-0.51%)
AMZN   147.03 (+0.64%)
TSLA   238.83 (-0.52%)
NVDA   467.65 (-0.01%)
NIO   7.16 (-1.51%)
BABA   73.98 (-1.20%)
AMD   121.39 (+0.19%)
T   16.77 (+1.21%)
F   10.58 (+3.02%)
MU   75.93 (-0.25%)
CGC   0.62 (+10.75%)
GE   122.50 (+0.57%)
DIS   92.55 (-0.15%)
AMC   6.87 (+3.16%)
PFE   28.91 (-5.12%)
PYPL   59.65 (+3.54%)
XOM   102.99 (+0.24%)
S&P 500   4,594.63 (+0.59%)
DOW   36,245.50 (+0.82%)
QQQ   389.94 (+0.29%)
AAPL   191.24 (+0.68%)
MSFT   374.51 (-1.16%)
META   324.82 (-0.71%)
GOOGL   131.86 (-0.51%)
AMZN   147.03 (+0.64%)
TSLA   238.83 (-0.52%)
NVDA   467.65 (-0.01%)
NIO   7.16 (-1.51%)
BABA   73.98 (-1.20%)
AMD   121.39 (+0.19%)
T   16.77 (+1.21%)
F   10.58 (+3.02%)
MU   75.93 (-0.25%)
CGC   0.62 (+10.75%)
GE   122.50 (+0.57%)
DIS   92.55 (-0.15%)
AMC   6.87 (+3.16%)
PFE   28.91 (-5.12%)
PYPL   59.65 (+3.54%)
XOM   102.99 (+0.24%)

NetApp Stock Price, News & Analysis (NASDAQ:NTAP)

$91.28
-0.11 (-0.12%)
(As of 12/1/2023 ET)
Compare
Today's Range
$89.32
$91.77
50-Day Range
$71.18
$91.39
52-Week Range
$58.08
$91.78
Volume
2.73 million shs
Average Volume
2.01 million shs
Market Capitalization
$19.06 billion
P/E Ratio
28.35
Dividend Yield
2.19%
Price Target
$84.63

NetApp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.24 Rating Score
Upside/​Downside
7.3% Downside
$84.63 Price Target
Short Interest
Healthy
3.61% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.50mentions of NetApp in the last 14 days
Based on 59 Articles This Week
Insider Trading
Selling Shares
$5.22 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.

2.61 out of 5 stars

Computer And Technology Sector

99th out of 607 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

NetApp stock is about to hit 20-year highs (NTAP)
The San Jose based company released their Q2 earnings earlier this week, which caught analysts napping in the best possible way.
General Motors, NetApp rise; Petco, Hormel Foods fall, Wednesday, 11/29/2023
Stocks that are trading heavily or have substantial price changes Wednesday: General Motors, NetApp rise; Petco, Hormel Foods fall
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
What 10 Analyst Ratings Have To Say About NetApp
Barclays Increases NetApp (NASDAQ:NTAP) Price Target to $80.00
NetApp (NASDAQ:NTAP) Price Target Raised to $90.00
TD Cowen Raises NetApp (NASDAQ:NTAP) Price Target to $100.00
NetApp (NASDAQ:NTAP) Upgraded by StockNews.com to "Strong-Buy"
NetApp (NASDAQ:NTAP) Soars on Q2 Beat
Why NetApp Inc Stock Is Climbing Higher
NetApp declares $0.50 dividend
See More Headlines
Receive NTAP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for NetApp and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 10/25 Dividend
10/05/2023
Dividend Payable
10/25/2023
Last Earnings
11/28/2023
Today
12/01/2023
Ex-Dividend for 1/24 Dividend
1/04/2024
Dividend Payable
1/24/2024
Next Earnings (Estimated)
2/28/2024
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 Target
$84.63
High Stock Price Target
$100.00
Low Stock Price Target
$58.00
Potential Upside/Downside
-7.3%
Consensus Rating
Hold
Rating Score (0-4)
2.24
Research Coverage
17 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
16.26%

Debt

Sales & Book Value

Annual Sales
$6.36 billion
Cash Flow
$5.71 per share
Book Value
$3.69 per share

Miscellaneous

Free Float
208,027,000
Market Cap
$19.06 billion
Optionable
Optionable
Beta
1.20

Social Links

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report














NTAP Stock Analysis - Frequently Asked Questions

Should I buy or sell NetApp stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 11 hold ratings and 5 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 target for 2024?

17 Wall Street analysts have issued 12-month price targets for NetApp's shares. Their NTAP share price targets range from $58.00 to $100.00. On average, they expect the company's stock price to reach $84.63 in the next twelve months. This suggests that the stock has a possible downside of 7.3%.
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 shares have increased by 52.0% and is now trading at $91.28.
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 Wednesday, February 28th 2024.
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) posted its earnings results on Tuesday, November, 28th. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.19. The data storage provider had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.53 billion. NetApp had a trailing twelve-month return on equity of 94.77% and a net margin of 11.34%. The firm's quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 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 Tuesday, November 28th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.50 per share on Wednesday, January 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, January 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 2.23%. The dividend payout ratio is 62.11%. 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 issued an update on its FY24 earnings guidance on Tuesday, November, 28th. The company provided earnings per share guidance of $6.05-6.25 for the period, compared to the consensus EPS estimate of $5.73. The company issued revenue guidance of $6.23 billion, compared to the consensus revenue estimate of $6.14 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 a number of institutional and retail investors. Top institutional investors include Primecap Management Co. CA (7.30%), Ameriprise Financial Inc. (2.99%), Invesco Ltd. (1.25%), Northern Trust Corp (1.10%), Morgan Stanley (1.06%) and Bank of New York Mellon Corp (1.05%). 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.

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 12/1/2023 by MarketBeat.com Staff

My Account -