NASDAQ:NTAP - NetApp Stock Price, Forecast & News

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

NetApp declared a quarterly dividend on Wednesday, November 13th. Stockholders 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 3.15%. The ex-dividend date is Thursday, January 2nd. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) posted its quarterly earnings results on Wednesday, November, 13th. The data storage provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.15. The data storage provider earned $1.37 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. 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 issued an update on its FY 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS 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 brokerages have issued 1-year price targets for NetApp's shares. Their forecasts range from $40.00 to $93.00. On average, they expect NetApp's share price to reach $62.35 in the next year. This suggests a possible upside of 2.2% 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.

Media headlines about NTAP stock have trended very negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. NetApp earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned press coverage about the data storage provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. 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), Alibaba Group (BABA), Netflix (NFLX), Adobe (ADBE), Twitter (TWTR), Micron Technology (MU), Cisco Systems (CSCO), Advanced Micro Devices (AMD), QUALCOMM (QCOM) and salesforce.com (CRM).

NetApp's stock is owned by many different 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 purchased 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 $61.03.

NetApp has a market capitalization of $13.93 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]