NetApp Company Profile (NASDAQ:NTAP)

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

NetApp declared a quarterly dividend on Wednesday, August 16th. Stockholders of record on Friday, October 6th will be given a dividend of $0.20 per share on Wednesday, October 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, October 5th. View NetApp's Dividend History.

NetApp, Inc. (NASDAQ:NTAP) posted its quarterly earnings results on Wednesday, August, 16th. The company reported $0.62 EPS for the quarter, beating the Zacks' consensus estimate of $0.55 by $0.07. The company earned $1.33 billion during the quarter, compared to analysts' expectations of $1.32 billion. NetApp had a return on equity of 24.13% and a net margin of 10.47%. The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, November, 15th 2017. View Earnings Estimates for NetApp.

NetApp issued an update on its second quarter earnings guidance on Wednesday, August, 16th. The company provided EPS guidance of $0.64-0.72 for the period, compared to the Thomson Reuters consensus estimate of $0.69. The company issued revenue guidance of $1.31-1.46 billion, compared to the consensus revenue estimate of $1.37 billion.

31 analysts have issued twelve-month target prices for NetApp's shares. Their predictions range from $29.00 to $62.00. On average, they anticipate NetApp's stock price to reach $44.96 in the next twelve months. View Analyst Ratings for NetApp.

Here are some recent quotes from research analysts about NetApp stock:

• 1. According to Zacks Investment Research, "NetApp's better-than-expected first-quarter 2018 results benefited from continuous product refreshes and growing portfolio based on SolidFire acquisition. Extended partnership with Microsoft also looks beneficial for the company. The company is also winning customers previously served by competitors like HP and Dell-EMC. Meanwhile, cost reduction initiatives will facilitate margin expansion over the long run. Notably, the company has outperformed the industry on a year-to-date basis. However, intensifying competition in the flash segment is a major headwind." (10/5/2017)
• 2. Maxim Group analysts commented, "Very impressive April quarter results, including evidence that product GM is now on the upswing. July quarter guidance weak as we had previewed due to tough year ago y/y growth compare." (5/25/2017)
• 3. Credit Suisse Group analysts commented, "solid" and highlighted by a quarter-over-quarter and year-over-year growth in revenues to $1.48 billion and an earnings per share of $0.86, which was four cents better than expected. Also, the company reported an operating margin of 20.7 percent, which was better than the 19.2 percent he had expected.Limited DownsideGarcha continued that while NetApp's revenue and EPS guidance fell short of expectations, there is reason to believe revenue can grow. The analyst noted that in the recent quarter, product revenue grew 12 percent year-over-year, and while this growth rate will decelerate moving forward, the relative balance of strategic offering at two-thirds of total product revenues versus mature offering at one-third implies revenue growth could be "more achievable."Garcha further argued that although concerns over NetApp's growth profile remains, the analyst has confidence in the company's performance throughout the year, especially in improving operating margin performance.As such, the analyst's $37 price target reflects a P/E of 10x on his fiscal 2019 earnings per share estimate and factors in the approximate $5 of fully taxed net cash for per share. As such, downside in the stock is "limited" (5/25/2017)
• 4. UBS AG analysts commented, "Product revenue of $784mn was up for the first time in 13 quarters and above consensus of $754mn. The product gross margin of 45.7% was down 540bps YoY, likely due to discounting, which is worrisome. The $0.08 EPS beat was more driven by a $0.05 benefit from lower R&D, than from revenue, which was at the mid-point of guidance. That said, management has cut significant costs, accelerated the transition to ClusterMode, and created a competitive all-flash line. Our last three VAR Surveys reflected demand improvement. Still, we question whether the good times last with discounting hurting gross margin and R&D under pressure." (2/16/2017)
• 5. BMO Capital Markets analysts commented, "The turn-around at NTAP continued in the January quarter, with revenues and operating expenses better, offset by lower product gross margins. We are impressed with the execution the last few quarters, but stay on the sidelines." (2/16/2017)

NetApp saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 10,395,624 shares, an increase of 15.5% from the September 15th total of 8,999,351 shares. Based on an average daily trading volume, of 2,807,479 shares, the short-interest ratio is presently 3.7 days. Currently, 3.9% of the shares of the company are sold short.

Some companies that are related to NetApp include Hewlett Packard Enterprise Company (HPE), Hoya Corp. (HOCPY), Agilent Technologies (A), Microchip Technology Incorporated (MCHP), ServiceNow (NOW), Ericsson (ERIC), Relx N.V. (RENX), Weibo Corporation (WB), TeliaSonera AB (TLSNY), Symantec Corporation (SYMC), Level 3 Communications (LVLT), Check Point Software Technologies (CHKP), Skyworks Solutions (SWKS), Sse Plc (SSEZY), Snap (SNAP), STMicroelectronics N.V. (STM), Xilinx (XLNX) and SBA Communications Corporation (SBAC).

NetApp's management team includes the folowing people:

• Thomas Michael Nevens, Independent Chairman of the Board
• George Kurian, President, Chief Executive Officer, Director
• Ronald James Pasek, Chief Financial Officer, Executive Vice President
• Joel D. Reich, Executive Vice President - Product Operations
• Henri Pascal Richard, Executive Vice President - Worldwide Field and Customer Operations
• Matthew K. Fawcett, Senior Vice President, General Counsel, Corporate Secretary
• Alan L. Earhart, Independent Director
• Gerald D. Held Ph.D., Independent Director
• Kathryn M. Hill, Independent Director
• George T. Shaheen, Independent Director

NetApp's stock is owned by a number of of institutional and retail investors. Top institutional investors include APG Asset Management N.V. (1.13%), Robeco Institutional Asset Management B.V. (0.25%), PGGM Investments (0.05%), State Treasurer State of Michigan (0.03%), Shell Asset Management Co. (0.02%) and Eqis Capital Management Inc. (0.01%). Company insiders that own NetApp stock include Alan L Earhart, George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Jeffry R Allen, Joel D Reich, Matthew K Fawcett, Richard P Wallace and Robert T Wall. View Institutional Ownership Trends for NetApp.

NetApp's stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Meeder Asset Management Inc., Oakbrook Investments LLC, Winslow Evans & Crocker Inc., State Treasurer State of Michigan and Eqis Capital Management Inc.. Company insiders that have sold NetApp stock in the last year include Alan L Earhart, George Kurian, Gerald Held, Henri P Richard, Jeffry R Allen, Joel D Reich, Matthew K Fawcett and Richard P Wallace. View Insider Buying and Selling for NetApp.

NetApp's stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Shell Asset Management Co., Quantitative Systematic Strategies LLC, Robeco Institutional Asset Management B.V. and Exane Derivatives. View Insider Buying and Selling for NetApp.

Shares of NetApp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of NetApp stock can currently be purchased for approximately $44.56.