NASDAQ:NTAP - NetApp Stock Price, Forecast & News

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

NetApp declared a quarterly dividend on Wednesday, November 13th. Investors of record on Friday, January 3rd will be given a dividend of $0.48 per share on Wednesday, January 22nd. This represents a $1.92 annualized dividend and a yield of 3.37%. The ex-dividend date is Thursday, January 2nd. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) released its earnings results on Wednesday, November, 13th. The data storage provider reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.94 by $0.15. The data storage provider had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.38 billion. NetApp had a return on equity of 95.04% and a net margin of 17.20%. The company's revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the business earned $1.06 EPS. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for NetApp.

NetApp updated its FY 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$5.654-5.654 billion, compared to the consensus revenue estimate of $$5.65 billion.

26 equities research analysts have issued 1-year target prices for NetApp's shares. Their forecasts range from $40.00 to $93.00. On average, they expect NetApp's stock price to reach $62.75 in the next year. This suggests a possible upside of 10.2% 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 3 sell ratings, 13 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Headlines about NTAP stock have been trending very positive on Tuesday, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NetApp earned a news sentiment score of 3.9 on InfoTrie's scale. They also gave news stories about the data storage provider a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for NetApp.

NetApp saw a drop in short interest in January. As of January 15th, there was short interest totalling 13,350,000 shares, a drop of 16.8% from the December 31st total of 16,040,000 shares. Based on an average trading volume of 2,020,000 shares, the short-interest ratio is presently 6.6 days. Approximately 5.9% of the shares of the stock 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), Micron Technology (MU), Cisco Systems (CSCO), Intel (INTC), Twitter (TWTR), Adobe (ADBE), QUALCOMM (QCOM) and Advanced Micro Devices (AMD).

NetApp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include California Public Employees Retirement System (0.26%), Hamlin Capital Management LLC (0.21%), Retirement Systems of Alabama (0.18%), New York State Teachers Retirement System (0.14%), Boston Trust Walden Corp (0.09%) and SG Americas Securities LLC (0.04%). 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 SG Americas Securities LLC, New York State Teachers Retirement System, Commerzbank Aktiengesellschaft FI, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Zeke Capital Advisors LLC, First Midwest Bank Trust Division, State of Alaska Department of Revenue and Empirical Finance LLC. 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 bought by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Alpine Global Management LLC, Boston Trust Walden Corp, Assenagon Asset Management S.A., DNB Asset Management AS, Inlet Private Wealth LLC, HBW Advisory Services LLC and Bangor Savings Bank. 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 $56.92.

NetApp has a market capitalization of $12.99 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]