NASDAQ:NTAP - NetApp Stock Price, News, & Analysis

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$86.19 +0.83 (+0.97 %)
(As of 09/21/2018 11:25 AM ET)
Previous Close$85.96
Today's Range$85.61 - $87.15
52-Week Range$41.64 - $88.08
Volume71,884 shs
Average Volume2.13 million shs
Market Capitalization$21.78 billion
P/E Ratio29.09
Dividend Yield1.90%
Beta1.27
NetApp logoNetApp, Inc. provides software, systems, and services to manage and share date on-premises, and private and public clouds worldwide. It offers cloud data services, such as ONTAP cloud storage data management and NetApp cloud sync data synchronization services; NetApp SaaS backup for Microsoft Office 365; NetApp cloud backup solutions; OnCommand management software and management integration tools; and NetApp private storage for cloud. The company also provides cloud Infrastructure solutions, including FlexPod, a portfolio of pre-validated designs and integration; NetApp advisor converged systems; NetApp HCI enterprise-scale hyper converged cloud infrastructure; and NetApp StorageGRID Webscale object storage software. In addition, it offers storage systems and software, such as all-flash arrays that support data management; hybrid arrays to deploy the speed of flash storage; NetApp ONTAP storage operating system; NetApp ONTAP Select, which offers robust enterprise storage services; NetApp flex array storage virtualization software; NetApp SnapCenter backup management software; NetApp SnapMirror data replication software; NetApp MetroCluster business continuity software; NetApp SnapLock data compliance software; SANtricity storage operating system; and NetApp SolidFire element operating systems. In addition, it provides software and hardware maintenance, professional, and customer education and training services, as well as support solutions. The company serves energy, financial services, government, high technology, Internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications sectors through a direct sales force and channel partners. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
SymbolNASDAQ:NTAP
CUSIP64110D10
Phone408-822-6000

Debt

Debt-to-Equity Ratio0.80
Current Ratio2.06
Quick Ratio2.03

Price-To-Earnings

Trailing P/E Ratio29.09
Forward P/E Ratio22.04
P/E Growth1.52

Sales & Book Value

Annual Sales$5.91 billion
Price / Sales3.78
Cash Flow$3.9177 per share
Price / Cash22.00
Book Value$7.41 per share
Price / Book11.63

Profitability

EPS (Most Recent Fiscal Year)$2.99
Net Income$76 million
Net Margins3.68%
Return on Equity41.75%
Return on Assets9.61%

Miscellaneous

Employees10,300
Outstanding Shares259,270,000
Market Cap$21.78 billion

NetApp (NASDAQ:NTAP) Frequently Asked Questions

What is NetApp's stock symbol?

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

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

NetApp announced a quarterly dividend on Wednesday, August 15th. Investors of record on Friday, October 5th will be paid a dividend of $0.40 per share on Wednesday, October 24th. This represents a $1.60 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, October 4th. View NetApp's Dividend History.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) released its quarterly earnings results on Wednesday, August, 15th. The data storage provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.24. The data storage provider earned $1.47 billion during the quarter, compared to the consensus estimate of $1.42 billion. NetApp had a net margin of 3.68% and a return on equity of 41.75%. NetApp's revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. View NetApp's Earnings History.

When is NetApp's next earnings date?

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, November, 21st 2018. View Earnings Estimates for NetApp.

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

NetApp issued an update on its second quarter earnings guidance on Wednesday, August, 15th. The company provided earnings per share (EPS) guidance of $0.94-1.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.97. The company issued revenue guidance of $1.45-1.55 billion, compared to the consensus revenue estimate of $1.51 billion.

What price target have analysts set for NTAP?

28 analysts have issued 12-month price targets for NetApp's shares. Their predictions range from $43.00 to $100.00. On average, they expect NetApp's share price to reach $77.64 in the next year. This suggests that the stock has a possible downside of 10.5%. View Analyst Price Targets for NetApp.

What is the consensus analysts' recommendation for NetApp?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 2 sell ratings, 8 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for NetApp.

What are Wall Street analysts saying about NetApp stock?

Here are some recent quotes from research analysts about NetApp stock:
  • 1. According to Zacks Investment Research, "NetApp reported stellar first-quarter results, driven by strong product adoption, increasing deal wins, and expanding customer base across varied geographies. Moreover, the company’s transition to data fabric strategy (a software-defined approach to data management) is expanding business opportunities. Further, the company increased momentum of its HCI and expanded new cloud partnerships, which contributed to overall revenue growth. The company also provided an encouraging forthcoming guidance. Management remains hopeful about making the most of the exponential rate of data growth with its cloud-integrated all-flash solutions that fit well with hybrid cloud infrastructure. Notably, shares of the company have outperformed the industry in the past year." (8/21/2018)
  • 2. Maxim Group analysts commented, "Checks indicate NTAP’s file-based technology advantage being ported to hyperscalers will be sustained… … Which will continue to drive share gains in the significant on-premise storage market, even if DELL/EMC sustainably turns around mid-range business. Agreements (ELAs), product revenue decelerates to a still robust 12% y/y growth rate. Our extensive technology checks give us confidence recent momentum will be sustained, raising price target to $91, from $81 (see page 4)." (8/16/2018)
  • 3. Guggenheim analysts commented, "We are initiating coverage of Buy rating and $94 price target. We believe NTAP has regained momentum and competitive edge over the past 2 years, facing the same public cloud headwind as other traditional systems OEMs but 1) jumping from laggard to leader in all-flash arrays (AFAs) and 2) leveraging its core ONTAP software into one of the market’s most compelling “hybrid” cloud platforms. NTAP’s common software stack can now be deployed on-prem or in the cloud and its new software-only SaaS business could even help make the cloud accretive. We believe enterprise storage demand is reaccelerating, driven by investments in machine learning (ML) and AI that feed on massive amounts of processing thrown at massive amounts of data storage." (7/12/2018)
  • 4. Pivotal Research analysts commented, "We are raising our investment rating on NTAP from a Hold to a BUY based on higher growth expectations, along with a major dividend hike and another multi-billion dollar share buyback. Our EPS for FY19 moves to $3.90 from $3.72 vs the street at $3.77. Rev to $6.2b, up from $6.1b. Our PT moves to $72 from $62 based on a 15x PE multiple when adjusting for the $13/share of net cash. We expect at a minimum a $2.5b multi-year buyback, but could as high as $3.5b, front end loaded, and the dividend to be raised 50%-100% from the current $0.80/annual 1.33% yield to a 2%-2.67% yield. All this can be funded from the repatriation and FCF. Attractive cash position and Free Cash Flow. NTAP is repatriating $4b of cash. Plus over the next three years they should have almost $4b of cumulative FCF, using approximately the mid-point of the prior guidance for FCF as a percent of revenue of 16%-22% (FCF was at 23% in 3Q18A)." (4/4/2018)

Who are some of NetApp's key competitors?

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

Who are NetApp's key executives?

NetApp's management team includes the folowing people:
  • Mr. George Kurian, CEO, Pres & Director (Age 51)
  • Mr. Ronald J. Pasek, Exec. VP, CFO & Principal Accounting Officer (Age 57)
  • Mr. Matthew K. Fawcett, Sr. VP, Gen. Counsel & Sec. (Age 50)
  • Mr. Joel D. Reich, Exec. VP & Gen. Mang., NetApp Storage Systems and Software Bus. Unit (Age 59)
  • Mr. Henri P. Richard, Exec. VP of Worldwide Field & Customer Operations (Age 61)

Has NetApp been receiving favorable news coverage?

News coverage about NTAP stock has trended somewhat positive recently, Accern reports. The research firm scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NetApp earned a news and rumor sentiment score of 0.18 on Accern's scale. They also assigned headlines about the data storage provider an impact score of 46.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for NetApp.

Who are NetApp's major shareholders?

NetApp's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.50%), Boston Partners (4.87%), Investec Asset Management LTD (1.77%), Northern Trust Corp (1.26%), Bank of New York Mellon Corp (1.15%) and Bank of New York Mellon Corp (1.15%). Company insiders that own NetApp stock include Alan L Earhart, George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Jeffry R Allen, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace, Robert T Wall and Thomas Michael Nevens. View Institutional Ownership Trends for NetApp.

Which institutional investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, BlackRock Inc., Boston Partners, Mackay Shields LLC, Federated Investors Inc. PA, Oakview Capital Management L.P., LSV Asset Management and Russell Investments Group Ltd.. Company insiders that have sold NetApp company stock in the last year include George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace and Thomas Michael Nevens. View Insider Buying and Selling for NetApp.

Which institutional investors are buying NetApp stock?

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, American Century Companies Inc., Bank of Montreal Can, Janus Henderson Group PLC, ANTIPODES PARTNERS Ltd, Schroder Investment Management Group, Bank of America Corp DE and Natixis. View Insider Buying and Selling for NetApp.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $86.79.

How big of a company is NetApp?

NetApp has a market capitalization of $21.78 billion and generates $5.91 billion in revenue each year. The data storage provider earns $76 million in net income (profit) each year or $2.99 on an earnings per share basis. NetApp employs 10,300 workers across the globe.

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]


MarketBeat Community Rating for NetApp (NASDAQ NTAP)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  869 (Vote Outperform)
Underperform Votes:  1,454 (Vote Underperform)
Total Votes:  2,323
MarketBeat's community ratings are surveys of what our community members think about NetApp and other stocks. Vote "Outperform" if you believe NTAP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NTAP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/21/2018 by MarketBeat.com Staff

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