NASDAQ:NTAPNetApp Stock Price, Forecast & News

NetApp's stock was trading at $40.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NTAP stock has decreased by 1.8% and is now trading at $39.73. View which stocks have been mosted impacted by Coronavirus.

25 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 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for NetApp.

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, May 27th 2020. View our earnings forecast for NetApp.

NetApp Inc. (NASDAQ:NTAP) announced its earnings results on Wednesday, February, 12th. The data storage provider reported $1.16 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.18 by $0.02. The data storage provider had revenue of $1.40 billion for 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 company's quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the company posted $1.20 earnings per share. View NetApp's earnings history.

NetApp declared a quarterly dividend on Wednesday, February 12th. Shareholders of record on Friday, April 3rd will be paid a dividend of $0.48 per share on Wednesday, April 22nd. This represents a $1.92 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Thursday, April 2nd. View NetApp's dividend history.

NetApp issued an update on its fourth quarter earnings guidance on Wednesday, February, 12th. The company provided earnings per share 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.

25 equities research analysts have issued 1-year price objectives for NetApp's shares. Their forecasts range from $32.00 to $93.00. On average, they expect NetApp's share price to reach $60.63 in the next year. This suggests a possible upside of 52.6% from the stock's current price. View analysts' price targets for NetApp.

News stories about NTAP stock have been trending very negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. NetApp earned a news impact score of -3.3 on InfoTrie's scale. They also assigned headlines about the data storage provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutNetApp.

NetApp saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 11,482,400 shares, a decrease of 11.5% from the February 27th total of 12,970,000 shares. Based on an average daily volume of 2,752,700 shares, the days-to-cover ratio is currently 4.2 days. Approximately 5.2% of the company's shares are short sold. 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), Cisco Systems (CSCO), Micron Technology (MU), Twitter (TWTR), Adobe (ADBE), QUALCOMM (QCOM) and salesforce.com (CRM).

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

NetApp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.03%), American National Bank (0.01%), Bangor Savings Bank (0.00%) and IBM Retirement Fund (0.00%). 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 bought by a variety of institutional investors in the last quarter, including American National Bank, State of Alaska Department of Revenue, IBM Retirement Fund, and Bangor Savings Bank. View insider buying and selling activity 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 $39.73.

NetApp has a market capitalization of $8.79 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]