NASDAQ:NTAP - NetApp Stock Price, Forecast & News

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

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 yield of 3.69%. The ex-dividend date is Thursday, April 2nd. View NetApp's Dividend History.

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 analysts' consensus estimates of $1.18 by $0.02. The data storage provider earned $1.40 billion during the quarter, compared to the consensus estimate of $1.47 billion. NetApp had a net margin of 18.19% and a return on equity of 123.49%. The company's revenue was down 10.2% on a year-over-year basis. During the same period last 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 issued an update on 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 EPS 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 brokers have issued twelve-month price objectives for NetApp's shares. Their forecasts range from $40.00 to $93.00. On average, they expect NetApp's share price to reach $62.72 in the next year. 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.

Headlines about NTAP stock have trended very negative recently, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news 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 coverage optimism score of -3.4 on InfoTrie's scale. They also gave press coverage about the data storage provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for NetApp.

NetApp saw a decline in short interest during the month of January. As of January 15th, there was short interest totalling 13,350,000 shares, a decline of 16.8% from the December 31st total of 16,040,000 shares. Based on an average daily volume of 2,020,000 shares, the days-to-cover ratio is presently 6.6 days. Approximately 5.9% of the company's shares 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 number 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 purchased 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]