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

$54.04
+0.82 (+1.54 %)
(As of 10/17/2019 04:00 PM ET)
Today's Range
$53.26
Now: $54.04
$54.04
50-Day Range
$46.64
MA: $52.28
$56.78
52-Week Range
$44.55
Now: $54.04
$83.95
Volume136,856 shs
Average Volume2.38 million shs
Market Capitalization$12.86 billion
P/E Ratio13.35
Dividend Yield3.68%
Beta1.55
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$5.20 per share
Book Value$4.41 per share

Profitability

Net Income$1.17 billion

Miscellaneous

Employees10,500
Market Cap$12.86 billion
Next Earnings Date11/13/2019 (Estimated)
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 announced a quarterly dividend on Wednesday, August 14th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.48 per share on Wednesday, October 23rd. This represents a $1.92 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, October 3rd. View NetApp's Dividend History.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) released its quarterly earnings data on Wednesday, August, 14th. The data storage provider reported $0.65 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.46 by $0.19. The data storage provider earned $1.24 billion during 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 business's revenue for the quarter was down 16.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. 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.

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

NetApp issued an update on its second quarter earnings guidance on Wednesday, August, 14th. The company provided EPS guidance of $0.91-0.99 for the period, compared to the Thomson Reuters consensus EPS 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?

26 Wall Street analysts have issued twelve-month price targets for NetApp's stock. Their forecasts range from $40.00 to $93.00. On average, they anticipate NetApp's stock price to reach $59.47 in the next year. This suggests a possible upside of 10.1% from the stock's current price. View Analyst Price Targets for NetApp.

What is the consensus analysts' recommendation 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, 14 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 coverage about NTAP stock has trended negative this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by reviewing 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 positive five, with scores nearest to five being the most favorable. NetApp earned a coverage optimism score of -2.2 on InfoTrie's scale. They also assigned news articles 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 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 in the month of September. As of September 30th, there was short interest totalling 14,390,000 shares, an increase of 16.4% from the August 30th total of 12,360,000 shares. Based on an average daily volume of 2,790,000 shares, the days-to-cover ratio is currently 5.2 days. Currently, 6.1% of the shares of the company are short sold. View NetApp's Current Options Chain.

Who are some of NetApp's key competitors?

Some companies that are related to NetApp include Western Digital (WDC), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QMCO) and Quantum (QTM).

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), Twitter (TWTR), Alibaba Group (BABA), Netflix (NFLX), 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 number of of retail and institutional investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.26%), Hamlin Capital Management LLC (0.18%), Pacer Advisors Inc. (0.04%), 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, 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 major investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Gateway Investment Advisers LLC, DNB Asset Management AS, Manning & Napier Group LLC, Wealthfront Advisers LLC, Meeder Asset Management Inc., Crossmark Global Holdings Inc. and Advisor Partners 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 major investors are buying NetApp stock?

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Commerzbank Aktiengesellschaft FI, State of Alaska Department of Revenue, CIBC Private Wealth Group LLC, Gyroscope Capital Management Group LLC, Nisa Investment Advisors LLC, Pacer Advisors Inc. and Campbell & CO Investment Adviser LLC. 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 $54.04.

How big of a company is NetApp?

NetApp has a market capitalization of $12.86 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:  990 (Vote Outperform)
Underperform Votes:  1,563 (Vote Underperform)
Total Votes:  2,553
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 10/17/2019 by MarketBeat.com Staff

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