NASDAQ:NTAP - NetApp Stock Price, Forecast & News

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

NetApp announced a quarterly dividend on Wednesday, November 13th. Investors of record on Friday, January 3rd will be given a dividend of $0.48 per share on Thursday, January 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, January 2nd. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) announced its earnings results on Wednesday, November, 13th. The data storage provider reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.94 by $0.15. The data storage provider had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. NetApp had a return on equity of 95.04% and a net margin of 17.20%. NetApp's quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 EPS. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for NetApp.

NetApp updated its FY 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $$5.654-5.654 billion, compared to the consensus revenue estimate of $$5.65 billion.

26 brokers have issued 1-year target prices for NetApp's shares. Their forecasts range from $40.00 to $93.00. On average, they anticipate NetApp's stock price to reach $62.35 in the next twelve months. This suggests a possible upside of 2.8% from the stock's current price. View Analyst Price Targets for NetApp.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 13 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Headlines about NTAP stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. NetApp earned a news sentiment score of -1.1 on InfoTrie's scale. They also gave media stories about the data storage provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for NetApp.

Some companies that are related to NetApp include Western Digital (WDC), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC).

Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Twitter (TWTR), Adobe (ADBE), Micron Technology (MU), Cisco Systems (CSCO), Advanced Micro Devices (AMD), QUALCOMM (QCOM) and salesforce.com (CRM).

NetApp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.49%), First Trust Advisors LP (1.05%), Stifel Financial Corp (0.76%), Man Group plc (0.45%), Sumitomo Mitsui Trust Holdings Inc. (0.43%) and Parametric Portfolio Associates LLC (0.38%). Company insiders that own NetApp stock include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Ronald J Pasek and Thomas Michael Nevens. View Institutional Ownership Trends for NetApp.

NTAP stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, State Street Corp, Voya Investment Management LLC, State of New Jersey Common Pension Fund D, Parametric Portfolio Associates LLC, Robeco Institutional Asset Management B.V., Squarepoint Ops LLC and New York State Teachers Retirement System. Company insiders that have sold NetApp company stock in the last year include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett and Ronald J Pasek. View Insider Buying and Selling for NetApp.

NTAP stock was acquired by a variety of institutional investors in the last quarter, including Stifel Financial Corp, First Trust Advisors LP, Millennium Management LLC, Hamlin Capital Management LLC, Retirement Systems of Alabama, California Public Employees Retirement System, Boston Trust Walden Corp and Voloridge Investment Management LLC. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of NTAP stock can currently be purchased for approximately $60.66.

NetApp has a market capitalization of $13.84 billion and generates $6.15 billion in revenue each year. The data storage provider earns $1.17 billion in net income (profit) each year or $4.02 on an earnings per share basis. NetApp employs 10,500 workers across the globe.View Additional Information About NetApp.

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

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]