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 ETFs hold NetApp's stock?

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) , First Trust S&P 500 Diversified Dividend Aristocrats ETF (RNDV) , First Trust Long/Short Equity ETF (FTLS) , Fidelity Cloud Computing ETF (FCLD) and First Trust Cloud Computing ETF (SKYY) .

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

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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: 0.50
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

2.1

Analyst's Opinion

Consensus Rating
NetApp has received a consensus rating of Hold. The company's average rating score is 2.24, and is based on 5 buy ratings, 11 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $84.63, NetApp has a forecasted downside of 7.3% from its current price of $91.28.
Amount of Analyst Coverage
NetApp has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
3.61% of the float of NetApp has been sold short.
Short Interest Ratio / Days to Cover
NetApp has a short interest ratio ("days to cover") of 4.8.
Change versus previous month
Short interest in NetApp has recently decreased by 5.53%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
NetApp pays a meaningful dividend of 2.23%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
NetApp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of NetApp is 62.11%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, NetApp will have a dividend payout ratio of 40.40% next year. This indicates that NetApp will be able to sustain or increase its dividend.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
NetApp has received a 18.79% net impact score from Upright. NetApp seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Physical servers", "Hosted database services", and "Hosted data storage services" products. See details.
Environmental Sustainability
The Environmental Impact score for NetApp is -0.63.

3.1

News and Social Media Coverage

News Sentiment
NetApp has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 59 news articles for NetApp this week, compared to 7 articles on an average week.
Search Interest
18 people have searched for NTAP on MarketBeat in the last 30 days. This is an increase of 260% compared to the previous 30 days.
MarketBeat Follows
4 people have added NetApp to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NetApp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,217,468.00 in company stock.
Percentage Held by Insiders
Only 0.37% of the stock of NetApp is held by insiders.
Percentage Held by Institutions
90.25% of the stock of NetApp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for NetApp are expected to grow by 10.49% in the coming year, from $4.48 to $4.95 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NetApp is 28.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of NetApp is 28.35, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 252.28.
Price to Earnings Growth Ratio
NetApp has a PEG Ratio of 2.50. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
NetApp has a P/B Ratio of 24.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

NTAP Stock News Headlines

December 1, 2023 | marketbeat.com

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.

November 29, 2023 | marketbeat.com

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

December 1, 2023 | DTI Trader (Ad)

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December 1, 2023 | finance.yahoo.com

NetApp, Inc. (NASDAQ:NTAP) Q2 2024 Earnings Call Transcript

December 1, 2023 | americanbankingnews.com

Northland Securities Downgrades NetApp (NASDAQ:NTAP) to Market Perform

December 1, 2023 | americanbankingnews.com

NetApp (NASDAQ:NTAP) Reaches New 12-Month High Following Strong Earnings

November 30, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Salesforce (CRM), Synopsys (SNPS) and NetApp (NTAP)

November 30, 2023 | msn.com

NetApp (NASDAQ:NTAP): Here’s How Analysts Reacted to Q2 Results

December 1, 2023 | DTI Trader (Ad)

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November 30, 2023 | msn.com

Northland Capital Markets Downgrades Netapp (NTAP)

November 30, 2023 | markets.businessinsider.com

What 10 Analyst Ratings Have To Say About NetApp