NetApp Stock Price, News & Analysis (NASDAQ:NTAP)

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

NetApp declared a quarterly dividend on Wednesday, August 14th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.48 per share on Wednesday, October 23rd. This represents a $1.92 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, October 3rd. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) issued its earnings results on Wednesday, August, 14th. The data storage provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.19. The data storage provider had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. NetApp had a net margin of 16.74% and a return on equity of 77.11%. The company's quarterly revenue was down 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, November 13th 2019. View Earnings Estimates for NetApp.

NetApp issued an update on its second quarter earnings guidance on Wednesday, August, 14th. The company provided earnings per share guidance of $0.91-0.99 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.87. The company issued revenue guidance of $1.325-1.475 billion, compared to the consensus revenue estimate of $1.35 billion.

26 brokerages have issued 1 year price objectives for NetApp's shares. Their predictions range from $40.00 to $93.00. On average, they expect NetApp's share price to reach $60.3132 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price. View Analyst Price Targets for NetApp.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 2 sell ratings, 14 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Media coverage about NTAP stock has been trending somewhat negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. NetApp earned a daily sentiment score of -1.3 on InfoTrie's scale. They also gave media headlines about the data storage provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for NetApp.

NetApp saw a decrease in short interest in August. As of August 31st, there was short interest totalling 12,603,900 shares, a decrease of 25.7% from the July 31st total of 16,955,400 shares. Based on an average daily volume of 2,640,000 shares, the short-interest ratio is presently 4.8 days. Approximately 5.3% of the shares of the company are short sold. View NetApp's Current Options Chain.

Some companies that are related to NetApp include Western Digital (WDC), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QMCO), Quantum (QTM) and US Gold (USAU).

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

NetApp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (13.91%), Vanguard Group Inc. (12.15%), BlackRock Inc. (7.47%), BlackRock Inc. (7.50%), Renaissance Technologies LLC (2.80%) and Invesco Ltd. (2.53%). Company insiders that own NetApp stock include George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace, Ronald J Pasek and Thomas Michael Nevens. View Institutional Ownership Trends for NetApp.

NTAP stock was sold by a variety of institutional investors in the last quarter, including Investec Asset Management LTD, APG Asset Management N.V., AQR Capital Management LLC, Allianz Asset Management GmbH, Boston Partners, First Trust Advisors LP, Primecap Management Co. CA and Janus Henderson Group PLC. Company insiders that have sold NetApp company stock in the last year include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett and Ronald J Pasek. View Insider Buying and Selling for NetApp.

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., Invesco Ltd., Nuveen Asset Management LLC, Marshall Wace LLP, Worldquant Millennium Advisors LLC, Capital Bank & Trust Co, UBS Asset Management Americas Inc. and Jacobs Levy Equity Management Inc.. 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 $54.53.

NetApp has a market capitalization of $12.97 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]