NetApp Stock Forecast, Price & News

NetApp's stock was trading at $40.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NTAP shares have increased by 32.4% and is now trading at $53.56.
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23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 2 sell ratings, 14 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for NetApp.

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NetApp is scheduled to release its next quarterly earnings announcement on Tuesday, December 1st 2020.
View our earnings forecast for NetApp.

NetApp will be holding an earnings conference call on Tuesday, December 1st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

NetApp, Inc. (NASDAQ:NTAP) posted its earnings results on Wednesday, August, 26th. The data storage provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.32. The data storage provider had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.15 billion. NetApp had a return on equity of 240.01% and a net margin of 14.47%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share.
View NetApp's earnings history.

NetApp announced a quarterly dividend on Wednesday, August 26th. Investors of record on Friday, October 9th will be given a dividend of $0.48 per share on Wednesday, October 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Thursday, October 8th.
View NetApp's dividend history.

NetApp issued an update on its second quarter earnings guidance on Wednesday, August, 26th. The company provided earnings per share guidance of $0.66-0.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.77. The company issued revenue guidance of $1.225-1.375 billion, compared to the consensus revenue estimate of $1.24 billion.

23 analysts have issued 12 month price targets for NetApp's shares. Their forecasts range from $38.00 to $74.00. On average, they expect NetApp's share price to reach $51.35 in the next year. This suggests that the stock has a possible downside of 4.1%.
View analysts' price targets for NetApp.

Some companies that are related to NetApp include Seagate Technology (STX), Western Digital (WDC), Pure Storage (PSTG), Quantum (QMCO), Quantum (QMCO) and digitiliti (DIGI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include NVIDIA (NVDA), Intel (INTC), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), Netflix (NFLX), Micron Technology (MU), salesforce.com (CRM), Adobe (ADBE) and Tesla (TSLA).

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

NetApp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.15%), State Street Corp (4.61%), American International Group Inc. (1.65%), First Trust Advisors LP (1.57%), Prudential PLC (0.86%) and Charles Schwab Investment Management Inc. (0.69%). Company insiders that own NetApp stock include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Ronald J Pasek, Scott R Allen 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 First Trust Advisors LP, Allianz Asset Management GmbH, Morgan Stanley, American International Group Inc., BlackRock Inc., Voloridge Investment Management LLC, MUFG Securities EMEA plc, and Arrowstreet Capital Limited Partnership. Company insiders that have sold NetApp company stock in the last year include Henri P Richard, Scott R Allen, and Thomas Michael Nevens.
View insider buying and selling activity for NetApp.

NTAP stock was acquired by a variety of institutional investors in the last quarter, including Prudential PLC, Natixis, PGGM Investments, Charles Schwab Investment Management Inc., Lord Abbett & CO. LLC, State Street Corp, Miller Howard Investments Inc. NY, and Crossmark Global Holdings Inc..
View insider buying and selling activity 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 $53.56.

NetApp has a market capitalization of $11.89 billion and generates $5.41 billion in revenue each year. The data storage provider earns $819 million in net income (profit) each year or $3.53 on an earnings per share basis. NetApp employs 10,800 workers across the globe.

The official website for NetApp is 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]