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.
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Industry, Sector and Symbol
Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
Phone408-822-6000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$6.15 billion
Profitability
Miscellaneous
Employees10,500
Next Earnings Date11/13/2019 (Estimated)
OptionableOptionable
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. Investors 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 yield of 3.49%. The ex-dividend date is Thursday, October 3rd. View NetApp's Dividend History.
How were NetApp's earnings last quarter?
NetApp Inc. (NASDAQ:NTAP) posted its earnings results on Wednesday, August, 14th. The data storage provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.46 by $0.19. The data storage provider earned $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. NetApp had a net margin of 16.74% and a return on equity of 77.11%. NetApp's revenue was down 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 earnings per share. View NetApp's Earnings History.
When is NetApp's next earnings date?
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 earnings per share (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 12-month target prices for NetApp's stock. Their forecasts range from $40.00 to $93.00. On average, they expect NetApp's share price to reach $60.3132 in the next twelve months. This suggests a possible upside of 9.6% 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 2 sell ratings, 14 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.
Has NetApp been receiving favorable news coverage?
News coverage about NTAP stock has trended negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news 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 -5 to 5, with scores closest to five being the most favorable. NetApp earned a daily sentiment score of -2.9 on InfoTrie's scale. They also assigned media headlines about the data storage provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for NetApp.
Are investors shorting NetApp?
NetApp saw a decline in short interest in August. As of August 31st, there was short interest totalling 12,603,900 shares, a decline of 25.7% from the July 31st total of 16,955,400 shares. Based on an average trading volume of 2,640,000 shares, the days-to-cover ratio is presently 4.8 days. Approximately 5.3% of the shares of the stock are sold short. View NetApp's Current Options Chain.
Who are some of NetApp's key competitors?
What other stocks do shareholders of NetApp own?
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 many different of institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (13.91%), Vanguard Group Inc. (12.15%), BlackRock Inc. (7.47%), BlackRock Inc. (7.50%), Renaissance Technologies LLC (2.80%) and Invesco Ltd. (2.53%). 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, Richard P Wallace, 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 Investec Asset Management LTD, APG Asset Management N.V., AQR Capital Management LLC, Allianz Asset Management GmbH, Boston Partners, First Trust Advisors LP, Primecap Management Co. CA and Janus Henderson Group PLC. 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 Amundi Pioneer Asset Management Inc., Invesco Ltd., Nuveen Asset Management LLC, Marshall Wace LLP, Worldquant Millennium Advisors LLC, Capital Bank & Trust Co, UBS Asset Management Americas Inc. and Jacobs Levy Equity Management Inc.. 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 $55.02.
How big of a company is NetApp?
NetApp has a market capitalization of $13.09 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?
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)
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.
