NASDAQ:NTAP - NetApp Stock Price, Forecast & News

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

NetApp announced a quarterly dividend on Wednesday, November 13th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.48 per share on Wednesday, January 22nd. This represents a $1.92 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, January 2nd. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) released its quarterly earnings results on Wednesday, November, 13th. The data storage provider reported $1.09 EPS for the quarter, topping the Zacks' consensus estimate 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 net margin of 17.20% and a return on equity of 95.04%. NetApp's quarterly revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $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 FY 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$5.654-5.654 billion, compared to the consensus revenue estimate of $$5.65 billion.

26 brokers have issued 1 year price objectives for NetApp's stock. Their forecasts range from $40.00 to $93.00. On average, they anticipate NetApp's share price to reach $62.75 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price. 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.

Headlines about NTAP stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing 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 five, with scores closest to five being the most favorable. NetApp earned a daily sentiment score of -1.8 on InfoTrie's scale. They also assigned headlines about the data storage provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for NetApp.

NetApp saw a drop in short interest in December. As of December 31st, there was short interest totalling 13,350,000 shares, a drop of 16.8% from the December 15th total of 16,040,000 shares. Based on an average daily trading volume, of 2,090,000 shares, the days-to-cover ratio is currently 6.4 days. Approximately 5.9% of the company's shares 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), Netflix (NFLX), Alibaba Group (BABA), Micron Technology (MU), Twitter (TWTR), Cisco Systems (CSCO), Adobe (ADBE), Intel (INTC), QUALCOMM (QCOM) and Advanced Micro Devices (AMD).

NetApp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Hamlin Capital Management LLC (0.21%), Boston Trust Walden Corp (0.09%), Beech Hill Advisors Inc. (0.03%), State of Alaska Department of Revenue (0.03%), Nisa Investment Advisors LLC (0.03%) and Manning & Napier Group LLC (0.03%). 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 Scott R Allen. View Institutional Ownership Trends for NetApp.

NTAP stock was sold by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Zeke Capital Advisors LLC, State of Alaska Department of Revenue, Nisa Investment Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank , Steward Partners Investment Advisory LLC and IFM Investors Pty Ltd. Company insiders that have sold NetApp company stock in the last year include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Ronald J Pasek and Scott R Allen. View Insider Buying and Selling for NetApp.

NTAP stock was bought by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Alpine Global Management LLC, Boston Trust Walden Corp, Assenagon Asset Management S.A., DNB Asset Management AS, Inlet Private Wealth LLC, HBW Advisory Services LLC and Bangor Savings Bank. 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 $60.45.

NetApp has a market capitalization of $13.80 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]