NetApp (NTAP) Stock Forecast, Price & News

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 9 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.

22 brokerages have issued 12 month price targets for NetApp's shares. Their NTAP share price forecasts range from $58.00 to $100.00. On average, they anticipate the company's stock price to reach $74.81 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price.
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NetApp's stock was trading at $60.06 at the beginning of the year. Since then, NTAP stock has increased by 16.1% and is now trading at $69.71.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 23rd 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) announced its earnings results on Wednesday, May, 31st. The data storage provider reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.20. The data storage provider had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. NetApp had a trailing twelve-month return on equity of 93.62% and a net margin of 20.02%. During the same period last year, the firm earned $1.21 earnings per share.
Read the conference call transcript.

NetApp declared a quarterly dividend on Wednesday, May 31st. Shareholders of record on Friday, July 7th will be given a dividend of $0.50 per share on Wednesday, July 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, July 6th.
Read our dividend analysis for NTAP.

ETFs with the largest weight of NetApp (NASDAQ:NTAP) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Wedbush ETFMG Global Cloud Technology ETF (IVES), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Direxion Work From Home ETF (WFH), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Fidelity Cloud Computing ETF (FCLD), First Trust NASDAQ Rising Dividend Achievers (RDVY) and FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI).

NetApp (NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.84%. The dividend payout ratio is 34.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTAP will have a dividend payout ratio of 39.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NTAP.

NetApp updated its FY24 earnings guidance on Wednesday, May, 31st. The company provided earnings per share (EPS) guidance of $5.65-$5.85 for the period, compared to the consensus earnings per share estimate of $5.59.

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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.46%), State Street Corp (4.26%), Geode Capital Management LLC (2.19%), First Trust Advisors LP (1.82%), Boston Partners (1.12%) and Wellington Management Group LLP (1.07%). Insiders that own company stock include Carrie Palin, Cesar Cernuda, George Kurian, Matthew K Fawcett, Michael J Berry, Michael J Berry 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 $69.71.

NetApp (NASDAQ:NTAP) has a market capitalization of $14.91 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 $5.80 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.