NetApp Stock Forecast, Price & News

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 8 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NetApp stock.
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22 equities research analysts have issued 1 year price objectives for NetApp's stock. Their NTAP stock forecasts range from $71.00 to $120.00. On average, they expect NetApp's share price to reach $92.95 in the next year. This suggests a possible upside of 45.6% from the stock's current price.
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NetApp's stock was trading at $91.99 at the beginning of the year. Since then, NTAP stock has decreased by 30.6% and is now trading at $63.84.
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NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
View our earnings forecast for NetApp.

NetApp, Inc. (NASDAQ:NTAP) issued its earnings results on Wednesday, June, 1st. The data storage provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.14. The data storage provider earned $1.68 billion during the quarter, compared to analyst estimates of $1.68 billion. NetApp had a trailing twelve-month return on equity of 127.40% and a net margin of 14.83%. NetApp's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS.
View NetApp's earnings history.

NetApp declared a quarterly dividend on Wednesday, June 1st. Stockholders of record on Friday, July 8th will be paid a dividend of $0.50 per share on Wednesday, July 27th. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, July 7th.
View NetApp's dividend history.

NetApp(NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.19%. The dividend payout ratio of NetApp is 48.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 39.84% next year. This indicates that NetApp will be able to sustain or increase its dividend.
View NetApp's dividend history.

NetApp updated its FY 2023 earnings guidance on Wednesday, June, 29th. The company provided earnings per share (EPS) guidance of $5.40-$5.60 for the period, compared to the consensus earnings per share estimate of $5.42. The company issued revenue guidance of $6.70 billion-$6.82 billion, compared to the consensus revenue estimate of $6.77 billion.

390 employees have rated NetApp CEO George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among NetApp's employees.

Some companies that are related to NetApp include Seagate Technology (STX), Western Digital (WDC), Pure Storage (PSTG), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
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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 many different retail and institutional investors. Top institutional shareholders include Insight Wealth Strategies LLC (0.01%). Company insiders that own NetApp stock include Carrie Palin, Cesar Cernuda, George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Michael J Berry, Michael J Berry, Scott R Allen and Thomas Michael Nevens.
View institutional ownership trends for NetApp.

NTAP stock was sold by a variety of institutional investors in the last quarter, including Insight Wealth Strategies LLC. Company insiders that have sold NetApp company stock in the last two years include Carrie Palin, Cesar Cernuda, George Kurian, Matthew K Fawcett, and Thomas Michael Nevens.
View insider buying and selling activity for NetApp or view top insider-selling stocks.

Shares of NTAP 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 $63.84.

NetApp (NASDAQ:NTAP) has a market capitalization of $14.12 billion and generates $6.32 billion in revenue each year. The data storage provider earns $937 million in net income (profit) each year or $4.10 on an earnings per share basis.

NetApp employs 12,000 workers across the globe.

NetApp was founded in 1992.

NetApp's mailing address is 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089. The official website for NetApp 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.