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

$60.14
+0.27 (+0.45 %)
(As of 11/12/2019 04:00 PM ET)
Today's Range
$59.51
Now: $60.14
$60.24
50-Day Range
$49.89
MA: $54.46
$59.55
52-Week Range
$44.55
Now: $60.14
$80.88
Volume1.99 million shs
Average Volume2.64 million shs
Market Capitalization$14.31 billion
P/E Ratio14.96
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$5.08 per share
Book Value$4.41 per share

Profitability

Net Income$1.17 billion

Miscellaneous

Employees10,500
Market Cap$14.31 billion
Next Earnings Date11/13/2019 (Confirmed)
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. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, October 3rd. View NetApp's Dividend History.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) posted its quarterly earnings data on Wednesday, August, 14th. The data storage provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.46 by $0.19. The data storage provider had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. NetApp had a return on equity of 77.11% and a net margin of 16.74%. The company's revenue was down 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS. View NetApp's Earnings History.

When is NetApp's next earnings date?

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, November 13th 2019. View Earnings Estimates for NetApp.

How can I listen to NetApp's earnings call?

NetApp will be holding an earnings conference call on Wednesday, November 13th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

NetApp updated its second quarter earnings guidance on Wednesday, August, 14th. The company provided earnings per share (EPS) guidance of $0.91-0.99 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.87. The company issued revenue guidance of $1.325-1.475 billion, compared to the consensus revenue estimate of $1.35 billion.

What price target have analysts set for NTAP?

25 brokers have issued 1-year price targets for NetApp's stock. Their forecasts range from $40.00 to $93.00. On average, they anticipate NetApp's share price to reach $60.52 in the next twelve months. This suggests a possible upside of 0.7% 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?

Media headlines about NTAP stock have trended very negative on Tuesday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. NetApp earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned news stories 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 near term. View News Stories for NetApp.

Are investors shorting NetApp?

NetApp saw a increase in short interest during the month of 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 short-interest ratio is currently 5.5 days. Currently, 6.4% of the shares of the 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 a variety of of retail and institutional 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, 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 institutional 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 institutional investors are buying NetApp stock?

NTAP stock was purchased 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 $60.12.

How big of a company is NetApp?

NetApp has a market capitalization of $14.30 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:  993 (Vote Outperform)
Underperform Votes:  1,572 (Vote Underperform)
Total Votes:  2,565
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 11/12/2019 by MarketBeat.com Staff

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