NetApp Stock Forecast, Price & News

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last twelve months. There are currently 1 sell rating, 12 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities 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.

Wall Street analysts have given NetApp a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but NetApp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, May 26th 2021.
View our earnings forecast for NetApp.

NetApp, Inc. (NASDAQ:NTAP) posted its quarterly earnings results on Wednesday, February, 24th. The data storage provider reported $1.10 EPS for the quarter, topping the Zacks' consensus estimate of $1.01 by $0.09. The data storage provider earned $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. NetApp had a trailing twelve-month return on equity of 263.77% and a net margin of 12.44%. During the same period in the previous year, the company earned $1.16 earnings per share.
View NetApp's earnings history.

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 92.1% and is now trading at $77.71.
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NetApp declared a quarterly dividend on Wednesday, February 24th. Shareholders of record on Friday, April 9th will be given a dividend of $0.48 per share on Wednesday, April 28th. This represents a $1.92 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, April 8th.
View NetApp's dividend history.

NetApp pays an annual dividend of $1.92 per share and currently has a dividend yield of 2.51%. The dividend payout ratio of NetApp is 54.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 48.73% next year. This indicates that NetApp will be able to sustain or increase its dividend.
View NetApp's dividend history.

NetApp updated its fourth quarter earnings guidance on Wednesday, February, 24th. The company provided earnings per share (EPS) guidance of $1.06 to $1.14 for the period, compared to the Thomson Reuters consensus estimate of $1.10. The company issued revenue guidance of $1.44 billion to $1.54 billion, compared to the consensus revenue estimate of $1.47 billion.

23 Wall Street analysts have issued twelve-month price objectives for NetApp's shares. Their forecasts range from $39.00 to $92.00. On average, they expect NetApp's share price to reach $64.37 in the next twelve months. This suggests that the stock has a possible downside of 17.2%.
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390 employees have rated NetApp CEO George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among NetApp's employees.

Some companies that are related to NetApp include Western Digital (WDC), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
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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).

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 Retirement Systems of Alabama (0.35%), Miller Howard Investments Inc. NY (0.32%), Crossmark Global Holdings Inc. (0.09%), State of Alaska Department of Revenue (0.07%), Hexavest Inc. (0.06%) and Royal London Asset Management Ltd. (0.04%). Company insiders that own NetApp stock include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Michael J Berry, Ronald J Pasek, Scott R Allen 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 Miller Howard Investments Inc. NY, Hexavest Inc., State of Alaska Department of Revenue, Prairiewood Capital LLC, NEXT Financial Group Inc, Retirement Systems of Alabama, Crossmark Global Holdings Inc., and Carolina Wealth Advisors LLC.
View insider buying and selling activity for NetApp or view top insider-selling stocks.

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, CX Institutional, DnB Asset Management AS, Royal London Asset Management Ltd., Heron Financial Group LLC, AdvisorNet Financial Inc, Global Retirement Partners LLC, and Stephenson National Bank & Trust.
View insider buying and selling activity for NetApp or or view top insider-buying stocks.

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.
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One share of NTAP stock can currently be purchased for approximately $77.71.

NetApp has a market capitalization of $17.30 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 10,800 workers across the globe.

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.

NetApp was founded in 1992.

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

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

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]