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NASDAQ:NTAP

NetApp Stock Forecast, Price & News

$42.61
-0.57 (-1.32 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$42.10
Now: $42.61
$43.52
50-Day Range
$41.00
MA: $43.85
$48.15
52-Week Range
$34.66
Now: $42.61
$65.38
Volume3.65 million shs
Average Volume2.74 million shs
Market Capitalization$9.46 billion
P/E Ratio12.28
Dividend Yield4.45%
Beta1.33
NetApp, Inc. provides software, systems, and services to manage and share data 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. has a strategic partnership with Lenovo to help customers modernize IT and enhance their digital transformation. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 1.9Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.40 out of 5 stars


Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
Current SymbolNASDAQ:NTAP
CUSIP64110D10
Phone408-822-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.41 billion
Cash Flow$4.44 per share
Book Value$1.09 per share

Profitability

Net Income$819 million

Miscellaneous

Employees10,800
Market Cap$9.46 billion
Next Earnings Date11/11/2020 (Estimated)
OptionableOptionable
$42.61
-0.57 (-1.32 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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NetApp (NASDAQ:NTAP) Frequently Asked Questions

How has NetApp's stock price been impacted by Coronavirus?

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 5.3% and is now trading at $42.61.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of NetApp?

22 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for NetApp
.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, November 11th 2020.
View our earnings forecast for NetApp
.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) issued its earnings results on Wednesday, August, 26th. The data storage provider reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.32. The data storage provider had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.15 billion. NetApp had a return on equity of 240.01% and a net margin of 14.47%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share.
View NetApp's earnings history
.

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

NetApp declared a quarterly dividend on Wednesday, August 26th. Investors of record on Friday, October 9th will be given a dividend of $0.48 per share on Wednesday, October 28th. This represents a $1.92 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Thursday, October 8th.
View NetApp's dividend history
.

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

NetApp issued an update on its second quarter earnings guidance on Wednesday, August, 26th. The company provided earnings per share guidance of $0.66-0.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.77. The company issued revenue guidance of $1.225-1.375 billion, compared to the consensus revenue estimate of $1.24 billion.

What price target have analysts set for NTAP?

22 analysts have issued 12 month price objectives for NetApp's stock. Their forecasts range from $38.00 to $75.00. On average, they expect NetApp's share price to reach $52.28 in the next year. This suggests a possible upside of 22.7% from the stock's current price.
View analysts' price targets for NetApp
.

Are investors shorting NetApp?

NetApp saw a increase in short interest in August. As of August 14th, there was short interest totaling 16,180,000 shares, an increase of 25.5% from the July 30th total of 12,890,000 shares. Based on an average daily trading volume, of 2,840,000 shares, the short-interest ratio is presently 5.7 days. Currently, 7.3% of the company's stock are sold short.
View NetApp's Short Interest
.

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), Netflix (NFLX), Cisco Systems (CSCO), Micron Technology (MU), salesforce.com (CRM), Adobe (ADBE) and Tesla (TSLA).

Who are NetApp's key executives?

NetApp's management team includes the following people:
  • Mr. George Kurian, CEO, Pres & Director (Age 52)
  • Mr. Ronald J. Pasek, Exec. VP, CFO & Principal Accounting Officer (Age 58)
  • Mr. Matthew K. Fawcett, Sr. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. Joel D. Reich, Exec. VP & Gen. Mang., NetApp Storage Systems and Software Bus. Unit (Age 60)
  • Mr. Henri P. Richard, Exec. VP of Worldwide Field & Customer Operations (Age 62)

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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.67%), Bank of New York Mellon Corp (2.51%), First Trust Advisors LP (2.07%), American International Group Inc. (1.81%), Stifel Financial Corp (0.76%) and Bank of America Corp DE (0.52%). Company insiders that own NetApp stock include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, 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 Vanguard Group Inc., Glenmede Trust Co. NA, American International Group Inc., Canada Pension Plan Investment Board, Hexavest Inc., Jackson Square Capital LLC, New York State Common Retirement Fund, and Stifel Financial Corp. Company insiders that have sold NetApp company stock in the last year include Henri P Richard, Scott R Allen, and Thomas Michael Nevens.
View insider buying and selling activity for NetApp
.

Which institutional investors are buying NetApp stock?

NTAP stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BNP PARIBAS ASSET MANAGEMENT Holding S.A., MUFG Securities EMEA plc, Miller Howard Investments Inc. NY, Marshall Wace North America L.P., Bank of America Corp DE, Victory Capital Management Inc., and PDT Partners LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $42.61.

How big of a company is NetApp?

NetApp has a market capitalization of $9.46 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.

What is NetApp's official website?

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

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 9/19/2020 by MarketBeat.com Staff

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