NASDAQ:NTAP - NetApp Stock Price, News, & Analysis

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$61.12 -0.35 (-0.57 %)
(As of 01/23/2019 04:00 PM ET)
Previous Close$61.47
Today's Range$60.95 - $62.9150
52-Week Range$52.00 - $88.08
Volume2.22 million shs
Average Volume2.34 million shs
Market Capitalization$15.40 billion
P/E Ratio20.44
Dividend Yield2.54%
Beta1.33
NetApp, Inc. provides software, systems, and services to manage and share date on-premises, and private and public clouds worldwide. It offers cloud data services, such as ONTAP cloud storage data management and NetApp cloud sync data synchronization services; NetApp SaaS backup for Microsoft Office 365; NetApp cloud backup solutions; OnCommand management software and management integration tools; and NetApp private storage for cloud. The company also provides cloud Infrastructure solutions, including FlexPod, a portfolio of pre-validated designs and integration; NetApp advisor converged systems; NetApp HCI enterprise-scale hyper converged cloud infrastructure; and NetApp StorageGRID Webscale object storage software. In addition, it offers storage systems and software, such as all-flash arrays that support data management; hybrid arrays to deploy the speed of flash storage; NetApp ONTAP storage operating system; NetApp ONTAP Select, which offers robust enterprise storage services; NetApp flex array storage virtualization software; NetApp SnapCenter backup management software; NetApp SnapMirror data replication software; NetApp MetroCluster business continuity software; NetApp SnapLock data compliance software; SANtricity storage operating system; and NetApp SolidFire element operating systems. In addition, it provides software and hardware maintenance, professional, and customer education and training services, as well as support solutions. The company serves energy, financial services, government, high technology, Internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications sectors through a direct sales force and channel partners. NetApp, Inc. has a strategic partnership with Lenovo to help customers modernize IT and enhance their digital transformation. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.

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Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
Current SymbolNASDAQ:NTAP
CUSIP64110D10
Phone408-822-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.91 billion
Cash Flow$3.7042 per share
Book Value$7.71 per share

Profitability

Net Income$76 million

Miscellaneous

Employees10,300
Market Cap$15.40 billion
OptionableOptionable

NetApp (NASDAQ:NTAP) Frequently Asked Questions

What is NetApp's stock symbol?

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

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

NetApp declared a quarterly dividend on Wednesday, November 14th. Shareholders of record on Friday, January 4th will be paid a dividend of $0.40 per share on Wednesday, January 23rd. This represents a $1.60 annualized dividend and a yield of 2.62%. The ex-dividend date is Thursday, January 3rd. View NetApp's Dividend History.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) posted its quarterly earnings results on Wednesday, November, 14th. The data storage provider reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.07. The data storage provider earned $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. NetApp had a net margin of 4.70% and a return on equity of 51.50%. NetApp's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $0.81 earnings per share. View NetApp's Earnings History.

When is NetApp's next earnings date?

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, February 13th 2019. View Earnings Estimates for NetApp.

What guidance has NetApp issued on next quarter's earnings?

NetApp updated its third quarter earnings guidance on Wednesday, November, 14th. The company provided earnings per share guidance of $1.12-1.18 for the period, compared to the Thomson Reuters consensus estimate of $1.12. The company issued revenue guidance of $1.55-1.65 billion, compared to the consensus revenue estimate of $1.60 billion.NetApp also updated its Q3 2019 guidance to $1.12-1.18 EPS.

What price target have analysts set for NTAP?

27 equities research analysts have issued 1 year price targets for NetApp's shares. Their predictions range from $43.00 to $100.00. On average, they expect NetApp's stock price to reach $80.1739 in the next year. This suggests a possible upside of 31.2% from the stock's current price. View Analyst Price Targets for NetApp.

What is the consensus analysts' recommendation for NetApp?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 4 sell ratings, 7 hold ratings, 15 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Has NetApp been receiving favorable news coverage?

Media stories about NTAP stock have been trending somewhat positive on Wednesday, InfoTrie reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. NetApp earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned news coverage about the data storage provider a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the next several days.

Are investors shorting NetApp?

NetApp saw a increase in short interest in the month of December. As of December 14th, there was short interest totalling 16,672,374 shares, an increase of 19.3% from the November 30th total of 13,973,920 shares. Based on an average daily trading volume, of 3,793,601 shares, the short-interest ratio is currently 4.4 days. Currently, 6.6% of the shares of the company are short sold. View NetApp's Current Options Chain.

Who are some of NetApp's key competitors?

Some companies that are related to NetApp include Seagate Technology (STX), Western Digital (WDC), Pure Storage (PSTG), Quantum (QMCO) and Quantum (QTM).

Who are NetApp's key executives?

NetApp's management team includes the folowing people:
  • Mr. George Kurian, CEO, Pres & Director (Age 52)
  • Mr. Ronald J. Pasek, Exec. VP, CFO & Principal Accounting Officer (Age 58)
  • Mr. Matthew K. Fawcett, Sr. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. Joel D. Reich, Exec. VP & Gen. Mang., NetApp Storage Systems and Software Bus. Unit (Age 60)
  • Mr. Henri P. Richard, Exec. VP of Worldwide Field & Customer Operations (Age 62)

Who are NetApp's major shareholders?

NetApp's stock is owned by many different of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.76%), Retirement Systems of Alabama (0.05%), Boston Advisors LLC (0.04%), Nisa Investment Advisors LLC (0.03%), Gulf International Bank UK Ltd (0.03%) and State of Alaska Department of Revenue (0.02%). Company insiders that own NetApp stock include Alan L Earhart, George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Jeffry R Allen, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace and Thomas Michael Nevens. View Institutional Ownership Trends for NetApp.

Which institutional investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Bank of Montreal Can, Nisa Investment Advisors LLC, Gulf International Bank UK Ltd, Boston Advisors LLC, NuWave Investment Management LLC, BTIM Corp. and Strs Ohio. Company insiders that have sold NetApp company stock in the last year include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill and Matthew K Fawcett. View Insider Buying and Selling for NetApp.

Which institutional investors are buying NetApp stock?

NTAP stock was acquired by a variety of institutional investors in the last quarter, including Tealwood Asset Management Inc., Pensionfund DSM Netherlands, Assenagon Asset Management S.A., Pensionfund Sabic, Meeder Asset Management Inc., BB&T Corp, DNB Asset Management AS and QUANTRES ASSET MANAGEMENT Ltd. View Insider Buying and Selling for NetApp.

How do I buy shares of NetApp?

Shares of NTAP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $61.12.

How big of a company is NetApp?

NetApp has a market capitalization of $15.40 billion and generates $5.91 billion in revenue each year. The data storage provider earns $76 million in net income (profit) each year or $2.99 on an earnings per share basis. NetApp employs 10,300 workers across the globe.

What is NetApp's official website?

The official website for NetApp is http://www.netapp.com.

How can I contact NetApp?

NetApp's mailing address is 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089. The data storage provider can be reached via phone at 408-822-6000 or via email at [email protected]


MarketBeat Community Rating for NetApp (NASDAQ NTAP)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  927 (Vote Outperform)
Underperform Votes:  1,491 (Vote Underperform)
Total Votes:  2,418
MarketBeat's community ratings are surveys of what our community members think about NetApp and other stocks. Vote "Outperform" if you believe NTAP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NTAP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/23/2019 by MarketBeat.com Staff

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