NetApp - NTAP Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NTAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTAP, but not buy additional shares or sell existing shares.
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18 brokers have issued twelve-month target prices for NetApp's shares. Their NTAP share price forecasts range from $68.00 to $120.00. On average, they predict the company's share price to reach $89.22 in the next year. This suggests a possible upside of 34.0% from the stock's current price.
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NetApp's stock was trading at $91.99 at the beginning of 2022. Since then, NTAP shares have decreased by 27.6% and is now trading at $66.56.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 29th 2022.
View our NTAP earnings forecast.

NetApp, Inc. (NASDAQ:NTAP) released its earnings results on Wednesday, August, 24th. The data storage provider reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.11. The data storage provider had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. NetApp had a trailing twelve-month return on equity of 128.71% and a net margin of 14.71%. The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS.
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NetApp announced a quarterly dividend on Wednesday, August 24th. Investors of record on Friday, October 7th will be given a dividend of $0.50 per share on Wednesday, October 26th. This represents a $2.00 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, October 6th.
Read our dividend analysis for NTAP.

NetApp (NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.12%. The dividend payout ratio is 47.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTAP will have a dividend payout ratio of 39.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NTAP.

NetApp issued an update on its FY 2023 earnings guidance on Tuesday, September, 20th. The company provided EPS guidance of $5.40-$5.60 for the period, compared to the consensus estimate of $5.42. The company issued revenue guidance of $6.70 billion-$6.82 billion, compared to the consensus revenue estimate of $6.73 billion.

390 employees have rated NetApp Chief Executive Officer George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among the company's employees.

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 (CRM), Adobe (ADBE) and Tesla (TSLA).

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

NetApp's stock is owned by a number of retail and institutional investors. Top institutional investors include Wedmont Private Capital (0.00%). Insiders that own company stock include Carrie Palin, Cesar Cernuda, George Kurian, Henri P Richard, Matthew K Fawcett, Michael J Berry, Michael J Berry, Scott R Allen and Thomas Michael Nevens.
View institutional ownership trends.

Shares of NTAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NTAP stock can currently be purchased for approximately $66.56.

NetApp (NASDAQ:NTAP) has a market capitalization of $14.47 billion and generates $6.32 billion in revenue each year. The data storage provider earns $937 million in net income (profit) each year or $4.18 on an earnings per share basis.

The company employs 12,000 workers across the globe.

NetApp's mailing address is 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089. The official website for the company is www.netapp.com. The data storage provider can be reached via phone at (408) 822-6000, via email at investor_relations@netapp.com, or via fax at 408-822-4501.