NASDAQ:NTAP - NetApp Stock Price, Forecast & News

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

NetApp announced a quarterly dividend on Wednesday, February 12th. Stockholders of record on Friday, April 3rd will be given a dividend of $0.48 per share on Wednesday, April 22nd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Thursday, April 2nd. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) issued its earnings results on Wednesday, February, 12th. The data storage provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by $0.02. The data storage provider earned $1.40 billion during the quarter, compared to analyst estimates of $1.47 billion. NetApp had a return on equity of 123.49% and a net margin of 18.19%. The firm's quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 EPS. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, May 27th 2020. View Earnings Estimates for NetApp.

NetApp updated its fourth quarter earnings guidance on Wednesday, February, 12th. The company provided EPS guidance of $1.28-1.36 for the period, compared to the Thomson Reuters consensus estimate of $1.39. The company issued revenue guidance of $1.455-1.605 billion, compared to the consensus revenue estimate of $1.57 billion.

24 analysts have issued 12-month price targets for NetApp's shares. Their forecasts range from $40.00 to $93.00. On average, they anticipate NetApp's stock price to reach $62.72 in the next twelve months. This suggests a possible upside of 20.6% from the stock's current price. View Analyst Price Targets for NetApp.

24 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Media headlines about NTAP stock have trended very negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. NetApp earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave news 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 future. View News Stories for NetApp.

NetApp saw a drop in short interest in January. As of January 15th, there was short interest totalling 13,350,000 shares, a drop of 16.8% from the December 31st total of 16,040,000 shares. Based on an average trading volume of 2,020,000 shares, the short-interest ratio is currently 6.6 days. Currently, 5.9% of the company's stock 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), Intel (INTC), Twitter (TWTR), Cisco Systems (CSCO), Micron Technology (MU), QUALCOMM (QCOM), Adobe (ADBE) and Advanced Micro Devices (AMD).

NetApp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Capital International Investors (12.05%), State Street Corp (4.32%), Renaissance Technologies LLC (2.39%), Bank of New York Mellon Corp (2.37%), American International Group Inc. (2.23%) and Geode Capital Management LLC (1.62%). 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 American International Group Inc., Renaissance Technologies LLC, Bank of Montreal Can, Janus Henderson Group PLC, UBS Asset Management Americas Inc., Geode Capital Management LLC, FMR LLC and Artisan Partners Limited Partnership. 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 acquired by a variety of institutional investors in the last quarter, including Los Angeles Capital Management & Equity Research Inc., Bank of New York Mellon Corp, Amundi Pioneer Asset Management Inc., Jacobs Levy Equity Management Inc., AJO LP, Goldman Sachs Group Inc., TD Asset Management Inc. and Maverick Capital Ltd.. 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 $52.00.

NetApp has a market capitalization of $11.50 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]