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NetApp Stock Price, Forecast & Analysis (NASDAQ:NTAP)

$60.07
-0.07 (-0.12 %)
(As of 11/14/2019 06:54 AM ET)
Today's Range
$59.90
Now: $60.07
$60.94
50-Day Range
$49.89
MA: $54.69
$60.17
52-Week Range
$44.55
Now: $60.07
$80.88
Volume4.49 million shs
Average Volume1.90 million shs
Market Capitalization$14.29 billion
P/E Ratio14.94
Dividend Yield3.21%
Beta1.56
NetApp, Inc provides software, systems, and services to manage and share data 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. Read More…

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$6.15 billion
Cash Flow$5.04 per share
Book Value$4.41 per share

Profitability

Net Income$1.17 billion

Miscellaneous

Employees10,500
Market Cap$14.29 billion
Next Earnings DateN/A
OptionableOptionable

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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, August 14th. Stockholders of record on Friday, October 4th will be given a dividend of $0.48 per share on Wednesday, October 23rd. This represents a $1.92 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, October 3rd. View NetApp's Dividend History.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) announced its quarterly earnings results on Wednesday, November, 13th. The data storage provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.15. The data storage provider had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. NetApp had a net margin of 16.74% and a return on equity of 77.11%. The firm's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. View NetApp's Earnings History.

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

NetApp issued an update on its third quarter earnings guidance on Wednesday, November, 13th. The company provided earnings per share guidance of $1.14-1.22 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.18. The company issued revenue guidance of $1.39-1.54 billion, compared to the consensus revenue estimate of $1.47 billion.

What price target have analysts set for NTAP?

25 brokerages have issued 12-month price targets for NetApp's shares. Their forecasts range from $40.00 to $93.00. On average, they expect NetApp's stock price to reach $60.73 in the next year. This suggests a possible upside of 1.1% from the stock's current price. View Analyst Price Targets for NetApp.

What is the consensus analysts' recommendation for NetApp?

25 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 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Has NetApp been receiving favorable news coverage?

Headlines about NTAP stock have been trending somewhat negative this week, according to InfoTrie. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. NetApp earned a news impact score of -1.4 on InfoTrie's scale. They also assigned media stories about the data storage provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for NetApp.

Are investors shorting NetApp?

NetApp saw a increase in short interest in October. As of October 15th, there was short interest totalling 15,270,000 shares, an increase of 6.1% from the September 15th total of 14,390,000 shares. Based on an average trading volume of 2,800,000 shares, the days-to-cover ratio is currently 5.5 days. Approximately 6.4% of the company's stock are sold short. View NetApp's Current Options Chain.

Who are some of NetApp's key competitors?

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), Alibaba Group (BABA), Netflix (NFLX), Twitter (TWTR), Micron Technology (MU), Adobe (ADBE), Cisco Systems (CSCO), Intel (INTC), salesforce.com (CRM) and Advanced Micro Devices (AMD).

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 retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (1.05%), Sumitomo Mitsui Trust Holdings Inc. (0.43%), Robeco Institutional Asset Management B.V. (0.26%), California Public Employees Retirement System (0.25%), Rhumbline Advisers (0.20%) and Hamlin Capital Management LLC (0.18%). Company insiders that own NetApp stock include George Kurian, George T Shaheen, 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.

Which major investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Robeco Institutional Asset Management B.V., New York State Teachers Retirement System, Sumitomo Mitsui Trust Holdings Inc., Teacher Retirement System of Texas, Dupont Capital Management Corp, Zurcher Kantonalbank Zurich Cantonalbank and Gateway Investment Advisers LLC. Company insiders that have sold NetApp company stock in the last year include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett and Ronald J Pasek. View Insider Buying and Selling for NetApp.

Which major investors are buying NetApp stock?

NTAP stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Hamlin Capital Management LLC, Retirement Systems of Alabama, California Public Employees Retirement System, Boston Trust Walden Corp, Beech Hill Advisors Inc., Envestnet Asset Management Inc. and Commerzbank Aktiengesellschaft FI. 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, Robinhood, Fidelity and Charles Schwab.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $60.07.

How big of a company is NetApp?

NetApp has a market capitalization of $14.29 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.

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:  994 (Vote Outperform)
Underperform Votes:  1,573 (Vote Underperform)
Total Votes:  2,567
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 11/14/2019 by MarketBeat.com Staff

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