NASDAQ:NTAPNetApp Stock Price, Forecast & News

NetApp's stock was trading at $40.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NTAP shares have increased by 18.8% and is now trading at $48.06. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 16 hold ratings and 5 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, August 12th 2020. View our earnings forecast for NetApp.

NetApp Inc. (NASDAQ:NTAP) released its earnings results on Wednesday, May, 27th. The data storage provider reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.04 by $0.15. The data storage provider earned $1.40 billion during the quarter, compared to analysts' expectations of $1.37 billion. NetApp had a net margin of 15.13% and a return on equity of 168.65%. The firm's quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 earnings per share. View NetApp's earnings history.

NetApp declared a quarterly dividend on Wednesday, May 27th. Investors of record on Friday, July 10th will be given a dividend of $0.48 per share on Wednesday, July 29th. This represents a $1.92 annualized dividend and a yield of 4.00%. The ex-dividend date is Thursday, July 9th. View NetApp's dividend history.

NetApp updated its first quarter earnings guidance on Wednesday, May, 27th. The company provided EPS guidance of $0.36-0.44 for the period, compared to the Thomson Reuters consensus estimate of $0.60. The company issued revenue guidance of $1.09-1.24 billion, compared to the consensus revenue estimate of $1.14 billion.

24 analysts have issued twelve-month price objectives for NetApp's shares. Their forecasts range from $34.00 to $75.00. On average, they anticipate NetApp's share price to reach $53.00 in the next twelve months. This suggests a possible upside of 10.3% from the stock's current price. View analysts' price targets for NetApp.

News articles about NTAP stock have trended extremely negative this week, InfoTrie reports. The research group scores the sentiment of press 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 nearest to five being the most favorable. NetApp earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave headlines 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 effect on the stock's share price in the next several days. View the latest news aboutNetApp.

Some companies that are related to NetApp include Western Digital (WDC), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include NVIDIA (NVDA), Intel (INTC), Alibaba Group (BABA), Netflix (NFLX), QUALCOMM (QCOM), Cisco Systems (CSCO), salesforce.com (CRM), Micron Technology (MU), Adobe (ADBE) and Twitter (TWTR).

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

NetApp's stock is owned by many different institutional and retail investors. Top institutional investors include Primecap Management Co. CA (13.89%), Capital International Investors (11.72%), BlackRock Inc. (7.77%), State Street Corp (4.50%), Bank of New York Mellon Corp (2.51%) and American International Group Inc. (2.04%). 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 Primecap Management Co. CA, Capital International Investors, Wellington Management Group LLP, American International Group Inc., Two Sigma Advisers LP, AJO LP, Los Angeles Capital Management & Equity Research Inc., and UBS Group AG. Company insiders that have sold NetApp company stock in the last year include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, and Scott R Allen. View insider buying and selling activity for NetApp.

NTAP stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Schroder Investment Management Group, Miller Howard Investments Inc. NY, Morgan Stanley, Morgan Stanley, Hexavest Inc., Canada Pension Plan Investment Board, and KBC Group NV. 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 $48.06.

NetApp has a market capitalization of $10.63 billion and generates $5.41 billion in revenue each year. The data storage provider earns $819 million in net income (profit) each year or $3.53 on an earnings per share basis. NetApp employs 10,500 workers across the globe.

The official website for NetApp is 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]