NASDAQ:NTAP

NetApp Stock Forecast, Price & News

$77.72
+0.59 (+0.76 %)
(As of 07/23/2021 12:00 AM ET)
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Today's Range
$77.04
$78.02
50-Day Range
$76.71
$83.63
52-Week Range
$40.08
$84.19
Volume1.53 million shs
Average Volume1.41 million shs
Market Capitalization$17.35 billion
P/E Ratio24.14
Dividend Yield2.59%
Beta1.28
30 days | 90 days | 365 days | Advanced Chart
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NetApp logo

About NetApp

NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Global File Cache, NetApp SaaS Backup, NetApp Cloud Manager, NetApp Fabric Orchestrator, and NetApp Cloud Insights. It also provides hybrid cloud solutions, such as NetApp ONTAP Storage Operating System, NetApp AFF A-series, NetApp AFF C190, NetApp FAS Series, FlexPod, NetApp ONTAP Select, NetApp MAX Data, NetApp Data Availability Services, NetApp SnapCenter Backup Management Software, NetApp SnapMirror Data Replication Software, NetApp SnapLock Data Compliance Software, NetApp StorageGRID Object Storage Software, NetApp Element Operating System, NetApp SolidFire, NetApp HCI, NetApp SANtricity Storage Operating System, NetApp EF-Series, NetApp E-Series, NetApp Active IQ Predictive Analytics and Support, NetApp OnCommand Insight, and NetApp OnCommand Workflow Automation. Further, it provides software maintenance, hardware maintenance, and other services, including professional services, global support solutions, and customer education and training. It serves the energy, financial services, government, high technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners. NetApp has strategic partnership with Fujitsu for data management infrastructure; and a collaboration with DataStax to deliver full lifecycle management for cloud native data in DataStax Enterprise database, as well as open source Apache Cassandra clusters. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.

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MarketRank

Overall MarketRank

2.16 out of 5 stars

Computer And Technology Sector

48th out of 1,650 stocks

Computer Storage Devices Industry

3rd out of 8 stocks

Analyst Opinion: 2.2Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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NetApp (NASDAQ:NTAP) Frequently Asked Questions

Is NetApp a buy right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NetApp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTAP, but not buy additional shares or sell existing shares.
View analyst ratings for NetApp
or view top-rated stocks.

What stocks does MarketBeat like better than NetApp?

Wall Street analysts have given NetApp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but NetApp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 25th 2021.
View our earnings forecast for NetApp
.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) released its quarterly earnings data on Tuesday, June, 1st. The data storage provider reported $1.17 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.12 by $0.05. The data storage provider earned $1.56 billion during the quarter, compared to analysts' expectations of $1.50 billion. NetApp had a trailing twelve-month return on equity of 164.35% and a net margin of 12.71%. The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $1.19 EPS.
View NetApp's earnings history
.

How has NetApp's stock been impacted by COVID-19?

NetApp's stock was trading at $40.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NTAP shares have increased by 92.1% and is now trading at $77.72.
View which stocks have been most impacted by COVID-19
.

How often does NetApp pay dividends? What is the dividend yield for NetApp?

NetApp declared a quarterly dividend on Wednesday, June 2nd. Investors of record on Friday, July 9th will be paid a dividend of $0.50 per share on Wednesday, July 28th. This represents a $2.00 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, July 8th. This is a boost from NetApp's previous quarterly dividend of $0.48.
View NetApp's dividend history
.

Is NetApp a good dividend stock?

NetApp pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.59%. The dividend payout ratio of NetApp is 60.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 43.67% next year. This indicates that NetApp will be able to sustain or increase its dividend.
View NetApp's dividend history.

What guidance has NetApp issued on next quarter's earnings?

NetApp issued an update on its FY 2022 earnings guidance on Tuesday, June, 29th. The company provided earnings per share guidance of $4.450-$4.650 for the period, compared to the Thomson Reuters consensus estimate of $4.520. The company issued revenue guidance of $6.09 billion-$6.15 billion, compared to the consensus revenue estimate of $5.96 billion.

What price target have analysts set for NTAP?

21 Wall Street analysts have issued 12 month price targets for NetApp's stock. Their forecasts range from $39.00 to $100.00. On average, they anticipate NetApp's stock price to reach $71.82 in the next twelve months. This suggests that the stock has a possible downside of 7.6%.
View analysts' price targets for NetApp
or view top-rated stocks among Wall Street analysts.

Who are NetApp's key executives?

NetApp's management team includes the following people:
  • Mr. George Kurian, CEO & Director (Age 54, Pay $960k)
  • Mr. Michael J. Berry, Exec. VP, CFO & Principal Accounting Officer (Age 58, Pay $144.92k)
  • Mr. Matthew K. Fawcett, Sr. VP, Chief Compliance Officer, Gen. Counsel & Sec. (Age 53, Pay $556.88k)
  • Mr. Bradley R. Anderson, Exec. VP of Hybrid Cloud Group (Age 62, Pay $552.27k)
  • Mr. Cesar Cernuda Rego, Pres
  • Mr. Jeffrey K. Bergmann, VP of Corp. Fin.
  • Mr. William H. Miller Jr., Sr. VP & Chief Information Officer
  • Ms. Kris Newton, VP of Corp. Communications & Investor Relations
  • Mr. James D. Whitemore, Sr. VP & Chief Marketing Officer (Age 56)
  • Ms. Debra Charlotte McCowan, Sr. VP & Chief HR Officer (Age 49)

What is George Kurian's approval rating as NetApp's CEO?

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

Who are some of NetApp's key competitors?

What other stocks do shareholders of NetApp own?

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.com (CRM), Adobe (ADBE) and Tesla (TSLA).

What is NetApp's stock symbol?

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

Who are NetApp's major shareholders?

NetApp's stock is owned by many different institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.07%), Manning & Napier Group LLC (0.06%), Oregon Public Employees Retirement Fund (0.05%), IFM Investors Pty Ltd (0.01%), Access Financial Services Inc. (0.01%) and Albert D Mason Inc. (0.01%). Company insiders that own NetApp stock include Cesar Cernuda, Gerald Held, Henri P Richard, Joel D Reich, Michael J Berry, Scott R Allen and Thomas Michael Nevens.
View institutional ownership trends for NetApp
.

Which major investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Raymond James Trust N.A., Albert D Mason Inc., and Access Financial Services Inc.. Company insiders that have sold NetApp company stock in the last year include Cesar Cernuda, and Thomas Michael Nevens.
View insider buying and selling activity for NetApp
or view top insider-selling stocks.

Which major investors are buying NetApp stock?

NTAP stock was acquired by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Oregon Public Employees Retirement Fund, IFM Investors Pty Ltd, Brookstone Capital Management, Segment Wealth Management LLC, and New Mexico Educational Retirement Board.
View insider buying and selling activity for NetApp
or or view top insider-buying stocks.

How do I buy shares of NetApp?

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.
Compare Top Brokerages Here.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $77.72.

How much money does NetApp make?

NetApp has a market capitalization of $17.35 billion and generates $5.74 billion in revenue each year. The data storage provider earns $730 million in net income (profit) each year or $3.30 on an earnings per share basis.

How many employees does NetApp have?

NetApp employs 11,000 workers across the globe.

Does NetApp have any subsidiaries?

The following companies are subsidiares of NetApp: Akorri Networks, Alacritus Software, BYMS International Inc., Blue Steel Acquisition LLC, Bycast, Cache IQ, CloudJumper, Clu Acquisition LLC, Cognigo, Decru, Decru B.V., Engenio, Greenqloud, Greenqloud ehf., NA Technology C.V., NetApp (China) Limited, NetApp (Hong Kong) Limited, NetApp (Shanghai) Commercial Co. Ltd., NetApp (Thailand) Limited, NetApp Argentina S.R.L., NetApp Asia Pacific Holdings B.V., NetApp Australia Pty. Ltd., NetApp Austria GmbH, NetApp B.V., NetApp Belgium BVBA, NetApp Brasil Solucoes de Gerenciamento e Armazenamento de Dados Ltda, NetApp Canada Ltd., NetApp Capital Solutions Inc., NetApp Chile Limitada, NetApp Denmark ApS, NetApp Deutschland GmbH, NetApp Finland Oy, NetApp France SAS, NetApp G.K., NetApp Global Holdings Ltd., NetApp Global Limited, NetApp Holding & Manufacturing B.V., NetApp Holdings Limited, NetApp India Marketing and Services Private Limited, NetApp India Private Limited, NetApp Israel R&D Ltd., NetApp Israel Sales Limited, NetApp Italia S.r.l., NetApp Korea Limited, NetApp Luxembourg S.a.r.l., NetApp Malaysia Sdn. Bhd., NetApp Mexico S. de R.L. de C.V., NetApp New Zealand Limited, NetApp Nigeria Limited, NetApp Norway AS, NetApp Poland Sp. spółka z ograniczoną odpowiedzialnością, NetApp Russia LLC, NetApp Singapore Pte. Ltd., NetApp South Africa (Pty) Limited, NetApp Spain Sales SL, NetApp Sweden AB, NetApp Switzerland GmbH, NetApp Teknoloji Limited Sirketi, NetApp U.S. Public Sector Inc., NetApp UK Ltd., NetApp VTC Inc., NetApp Vietnam Company Limited, NetCache Inc., Network Appliance (Sales) Limited, Network Appliance Saudi Arabia LLC, Onaro, Onaro Inc., Onaro Israel Ltd., PT. NetApp Indonesia, Plexistor, Plexistor Ltd., Riverbed Technology - SteelStore, Scharfnet Ltd, SolidFire, SolidFire B.V., SolidFire Holdings C.V., SolidFire Holdings LLC, SolidFire International LLC, SolidFire LLC, Sonoma Holdings C.V., Sonoma Holdings LLC, Spinnaker Networks, Spot, StackPointCloud, Talon Storage, Topio, WebManage Technologies, and ionGrid.

When was NetApp founded?

NetApp was founded in 1992.

What is NetApp's official website?

The official website for NetApp is www.netapp.com.

Where are NetApp's headquarters?

NetApp is headquartered at 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089.

How can I contact NetApp?

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]


This page was last updated on 7/24/2021 by MarketBeat.com Staff
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