NASDAQ:NTAP - NetApp Stock Price, News, & Analysis

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

NetApp announced a quarterly dividend on Thursday, May 23rd. Shareholders of record on Friday, July 5th will be given a dividend of $0.48 per share on Wednesday, July 24th. This represents a $1.92 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Wednesday, July 3rd. This is an increase from NetApp's previous quarterly dividend of $0.40. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) announced its quarterly earnings data on Wednesday, May, 22nd. The data storage provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.13 by $0.03. The data storage provider earned $1.59 billion during the quarter, compared to the consensus estimate of $1.64 billion. NetApp had a net margin of 16.85% and a return on equity of 60.32%. The company's revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, August 21st 2019. View Earnings Estimates for NetApp.

NetApp issued an update on its first quarter earnings guidance on Wednesday, May, 22nd. The company provided EPS guidance of $0.78-0.86 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.05. The company issued revenue guidance of $1.315-1.465 billion, compared to the consensus revenue estimate of $1.48 billion.NetApp also updated its Q1 2020 guidance to $0.78-0.86 EPS.

28 analysts have issued twelve-month price objectives for NetApp's shares. Their predictions range from $43.00 to $100.00. On average, they anticipate NetApp's share price to reach $76.1717 in the next year. This suggests a possible upside of 22.9% from the stock's current price. View Analyst Price Targets for NetApp.

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 4 sell ratings, 9 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

News articles about NTAP stock have been trending positive on Friday, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. NetApp earned a daily sentiment score of 2.3 on InfoTrie's scale. They also assigned news coverage about the data storage provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include Twitter (TWTR), Alibaba Group (BABA), General Electric (GE), NVIDIA (NVDA), Mattel (MAT), Cisco Systems (CSCO), General Motors (GM), Ultra Clean (UCTT), Walt Disney (DIS) and Netflix (NFLX).

NetApp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Primecap Management Co. CA (13.73%), BlackRock Inc. (7.28%), Renaissance Technologies LLC (2.77%), Wellington Management Group LLP (1.99%), Geode Capital Management LLC (1.76%) and Janus Henderson Group PLC (1.33%). Company insiders that own NetApp stock include George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Jeffry R Allen, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace 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 Boston Partners, Primecap Management Co. CA, BlackRock Inc., Morgan Stanley, Voya Investment Management LLC, JPMorgan Chase & Co., TCW Group Inc. and Natixis. Company insiders that have sold NetApp company stock in the last year include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill and Matthew K Fawcett. View Insider Buying and Selling for NetApp.

NTAP stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Amundi Pioneer Asset Management Inc., Artisan Partners Limited Partnership, Bank of Montreal Can, Renaissance Technologies LLC, AQR Capital Management LLC, AJO LP and FMR LLC. 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, Scottrade, Fidelity and Charles Schwab.

One share of NTAP stock can currently be purchased for approximately $61.99.

NetApp has a market capitalization of $15.31 billion and generates $5.91 billion in revenue each year. The data storage provider earns $76 million in net income (profit) each year or $2.99 on an earnings per share basis. NetApp employs 10,300 workers across the globe.

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]