NetApp (NTAP) Stock Forecast, Price & News

21 Wall Street equities research 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 equities 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.

21 analysts have issued 12-month target prices for NetApp's shares. Their NTAP share price forecasts range from $58.00 to $100.00. On average, they predict the company's stock price to reach $78.35 in the next twelve months. 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.

NetApp's stock was trading at $60.06 at the beginning of the year. Since then, NTAP shares have increased by 26.6% and is now trading at $76.02.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our NTAP earnings forecast.

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.

NetApp, Inc. (NASDAQ:NTAP) posted its earnings results on Wednesday, August, 23rd. The data storage provider reported $1.15 EPS 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 analyst estimates of $1.41 billion. NetApp had a trailing twelve-month return on equity of 85.69% and a net margin of 19.49%. NetApp's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share.
Read the conference call transcript.

NetApp declared a quarterly dividend on Wednesday, August 23rd. Shareholders of record on Friday, October 6th will be given a dividend of $0.50 per share on Wednesday, October 25th. This represents a $2.00 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, October 5th.
Read our dividend analysis for NTAP.

ETFs with the largest weight of NetApp (NASDAQ:NTAP) stock in their portfolio include Wedbush ETFMG Global Cloud Technology ETF (IVES), ProShares S&P Technology Dividend Aristocrats ETF (TDV), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Direxion Work From Home ETF (WFH), US Equity Dividend Select ETF (RNDV), First Trust Long/Short Equity ETF (FTLS), Fidelity Cloud Computing ETF (FCLD) and First Trust Cloud Computing ETF (SKYY).

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.

NetApp issued an update on its second quarter 2024 earnings guidance on Thursday, August, 24th. The company provided earnings per share 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.

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.

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).

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

NetApp's stock is owned by many different institutional and retail investors. Top institutional shareholders 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.
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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.
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One share of NTAP stock can currently be purchased for approximately $76.02.

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.

The company employs 12,000 workers across the globe.

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.