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

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

NetApp declared a quarterly dividend on Wednesday, November 13th. Shareholders 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 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, January 2nd. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) posted its quarterly earnings data 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 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 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 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 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 EPS 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.

26 analysts have issued twelve-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 $62.20 in the next twelve months. This suggests that the stock has a possible downside of 2.1%. 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.

News stories about NTAP stock have been trending very negative on Monday, according to InfoTrie. InfoTrie ranks 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 media 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 press coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for 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 daily trading volume, of 2,800,000 shares, the days-to-cover ratio is currently 5.5 days. Currently, 6.4% of the shares of the company are sold short. View NetApp's Current Options Chain.

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

NetApp's stock is owned by many different of institutional and retail investors. Top institutional investors 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, 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 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.

NTAP stock was acquired 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.

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 $63.50.

NetApp has a market capitalization of $15.11 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]