NASDAQ:NTAP

NetApp Stock Forecast, Price & News

$74.15
-0.05 (-0.07 %)
(As of 04/13/2021 03:03 PM ET)
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Today's Range
$73.25
Now: $74.15
$74.34
50-Day Range
$61.08
MA: $69.11
$74.75
52-Week Range
$38.89
Now: $74.15
$75.58
Volume29,243 shs
Average Volume2.00 million shs
Market Capitalization$16.51 billion
P/E Ratio24.31
Dividend Yield2.60%
Beta1.35
NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Global File Cache, NetApp SaaS Backup, NetApp Cloud Manager, NetApp Fabric Orchestrator, and NetApp Cloud Insights. It also provides hybrid cloud solutions, such as NetApp ONTAP Storage Operating System, NetApp AFF A-series, NetApp AFF C190, NetApp FAS Series, FlexPod, NetApp ONTAP Select, NetApp MAX Data, NetApp Data Availability Services, NetApp SnapCenter Backup Management Software, NetApp SnapMirror Data Replication Software, NetApp SnapLock Data Compliance Software, NetApp StorageGRID Object Storage Software, NetApp Element Operating System, NetApp SolidFire, NetApp HCI, NetApp SANtricity Storage Operating System, NetApp EF-Series, NetApp E-Series, NetApp Active IQ Predictive Analytics and Support, NetApp OnCommand Insight, and NetApp OnCommand Workflow Automation. Further, it provides software maintenance, hardware maintenance, and other services, including professional services, global support solutions, and customer education and training. It serves the energy, financial services, government, high technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners. NetApp has strategic partnership with Fujitsu for data management infrastructure. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.
NetApp logo

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
Current SymbolNASDAQ:NTAP
CUSIP64110D10
Phone408-822-6000
Employees10,800
Year Founded1992

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.41 billion
Cash Flow$5.23 per share
Book Value$1.09 per share

Profitability

Net Income$819 million

Miscellaneous

Market Cap$16.51 billion
Next Earnings Date5/26/2021 (Estimated)
OptionableOptionable

Headlines

9 Beaten-Up Tech Dividends Up to 5.9%
March 25, 2021 |  marketbeat.com
Is NTAP Stock A Buy or Sell?
April 8, 2021 |  finance.yahoo.com
NetApp (NASDAQ:NTAP) Reaches New 12-Month High at $72.67
March 26, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

2.15 out of 5 stars

Computer And Technology Sector

35th out of 1,549 stocks

Computer Storage Devices Industry

2nd out of 7 stocks

Analyst Opinion: 2.2Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
$74.15
-0.05 (-0.07 %)
(As of 04/13/2021 03:03 PM ET)
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NetApp (NASDAQ:NTAP) Frequently Asked Questions

Is NetApp a buy right now?

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

What stocks does MarketBeat like better than NetApp?

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.
View MarketBeat's top stock picks here.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, May 26th 2021.
View our earnings forecast for NetApp
.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) announced its earnings results on Wednesday, February, 24th. The data storage provider reported $1.10 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.01 by $0.09. The data storage provider had revenue of $1.47 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $1.16 EPS.
View NetApp's earnings history
.

How has NetApp's stock price been impacted by Coronavirus (COVID-19)?

NetApp's stock was trading at $40.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NTAP shares have increased by 82.6% and is now trading at $73.87.
View which stocks have been most impacted by COVID-19
.

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

NetApp announced a quarterly dividend on Wednesday, February 24th. Shareholders of record on Friday, April 9th will be paid a dividend of $0.48 per share on Wednesday, April 28th. This represents a $1.92 annualized dividend and a yield of 2.60%. The ex-dividend date is Thursday, April 8th.
View NetApp's dividend history
.

Is NetApp a good dividend stock?

NetApp pays an annual dividend of $1.92 per share and currently has a dividend yield of 2.60%. 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.

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

NetApp issued an update on its fourth quarter earnings guidance on Wednesday, February, 24th. The company provided earnings per share 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.

What price target have analysts set for NTAP?

23 equities research analysts have issued twelve-month price targets for NetApp's shares. Their forecasts range from $39.00 to $92.00. On average, they expect NetApp's stock price to reach $64.37 in the next year. This suggests that the stock has a possible downside of 12.9%.
View analysts' price targets for NetApp
or view top-rated stocks among Wall Street analysts.

Who are NetApp's key executives?

NetApp's management team includes the following people:
  • Mr. George Kurian, CEO, Pres & Director (Age 54, Pay $960k)
  • Mr. Michael J. Berry, Exec. VP, CFO & Principal Accounting Officer (Age 58, Pay $144.92k) (LinkedIn Profile)
  • Mr. Matthew K. Fawcett, Sr. VP, Chief Compliance Officer, Gen. Counsel & Sec. (Age 53, Pay $556.88k) (LinkedIn Profile)
  • Mr. Bradley R. Anderson, Exec. VP of Hybrid Cloud Group (Age 62, Pay $552.27k) (LinkedIn Profile)
  • Mr. Cesar Cernuda Rego, Pres
  • Mr. Jeffrey K. Bergmann, VP of Corp. Fin.
  • Mr. William H. Miller Jr., Sr. VP & Chief Information Officer
  • Ms. Kris Newton, VP of Corp. Communications & Investor Relations
  • Mr. James D. Whitemore, Sr. VP & Chief Marketing Officer (Age 56) (LinkedIn Profile)
  • Ms. Debra Charlotte McCowan, Sr. VP & Chief HR Officer (Age 49) (LinkedIn Profile)

What is George Kurian's approval rating as NetApp's CEO?

390 employees have rated NetApp CEO George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among NetApp's employees.

Who are some of NetApp's key competitors?

What other stocks do shareholders of NetApp own?

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).

What is NetApp's stock symbol?

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

Who are NetApp's major shareholders?

NetApp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%), Hexavest Inc. (0.06%), Royal London Asset Management Ltd. (0.04%), Calamos Advisors LLC (0.03%), Carolina Wealth Advisors LLC (0.03%) and Carroll Financial Associates Inc. (0.00%). 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
.

Which institutional investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., State of Alaska Department of Revenue, Carolina Wealth Advisors LLC, and Carroll Financial Associates Inc..
View insider buying and selling activity for NetApp
or view top insider-selling stocks.

Which institutional investors are buying NetApp stock?

NTAP stock was bought by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, and Royal London Asset Management Ltd..
View insider buying and selling activity for NetApp
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $73.87.

How much money does NetApp make?

NetApp has a market capitalization of $16.44 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.

How many employees does NetApp have?

NetApp employs 10,800 workers across the globe.

Does NetApp have any subsidiaries?

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.

When was NetApp founded?

NetApp was founded in 1992.

What is NetApp's official website?

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

Where are NetApp's headquarters?

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

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]


This page was last updated on 4/13/2021 by MarketBeat.com Staff
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