NASDAQ:NTAPNetApp Stock Price, Forecast & News

NetApp's stock was trading at $40.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NTAP shares have increased by 6.6% and is now trading at $43.10.
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21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 12 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020.
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NetApp will be holding an earnings conference call on Wednesday, August 19th 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) issued its earnings results on Wednesday, May, 27th. The data storage provider reported $1.19 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.04 by $0.15. The data storage provider had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.37 billion. NetApp had a net margin of 15.13% and a return on equity of 168.65%. NetApp's quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 earnings per share.
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NetApp announced a quarterly dividend on Wednesday, May 27th. Shareholders of record on Friday, July 10th will be paid a dividend of $0.48 per share on Wednesday, July 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Thursday, July 9th.
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NetApp updated its first quarter earnings guidance on Wednesday, May, 27th. The company provided EPS guidance of $0.36-0.44 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.60. The company issued revenue guidance of $1.09-1.24 billion, compared to the consensus revenue estimate of $1.14 billion.

21 brokerages have issued 1-year price targets for NetApp's shares. Their forecasts range from $34.00 to $75.00. On average, they anticipate NetApp's share price to reach $51.29 in the next year. This suggests a possible upside of 19.0% from the stock's current price.
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Media coverage about NTAP stock has trended somewhat negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of 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 coverage about the data storage provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about NetApp.

NetApp saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 13,280,000 shares, an increase of 14.2% from the June 15th total of 11,630,000 shares. Based on an average daily trading volume, of 2,380,000 shares, the short-interest ratio is currently 5.6 days. Approximately 6.0% of the company's stock are short sold.
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Some companies that are related to NetApp include Western Digital (WDC), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include NVIDIA (NVDA), Intel (INTC), Alibaba Group (BABA), Netflix (NFLX), QUALCOMM (QCOM), Cisco Systems (CSCO), salesforce.com (CRM), Micron Technology (MU), Adobe (ADBE) and Twitter (TWTR).

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

NetApp's stock is owned by a number of institutional and retail investors. Top institutional investors include First Trust Advisors LP (2.07%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), Miller Howard Investments Inc. NY (0.42%), Swiss National Bank (0.39%), LSV Asset Management (0.29%) and Retirement Systems of Alabama (0.28%). Company insiders that own NetApp stock include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Ronald J Pasek and Scott R Allen.
View institutional ownership trends for NetApp.

NTAP stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., SG Americas Securities LLC, Arizona State Retirement System, Optimal Asset Management Inc., OmniStar Financial Group Inc., New York State Teachers Retirement System, Cresset Asset Management LLC, and Swiss National Bank. Company insiders that have sold NetApp company stock in the last year include Gerald Held, Henri P Richard, Joel D Reich, and Scott R Allen.
View insider buying and selling activity for NetApp.

NTAP stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Miller Howard Investments Inc. NY, Retirement Systems of Alabama, LSV Asset Management, PGGM Investments, Railway Pension Investments Ltd, and CHURCHILL MANAGEMENT Corp.
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 $43.10.

NetApp has a market capitalization of $9.57 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]