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NASDAQ:NTAP

NetApp Stock Forecast, Price & News

$66.81
+1.96 (+3.02%)
(As of 06/24/2022 04:00 PM ET)
Add
Compare
Today's Range
$65.26
$67.73
50-Day Range
$63.29
$78.75
52-Week Range
$62.78
$96.82
Volume
4.51 million shs
Average Volume
2.00 million shs
Market Capitalization
$14.78 billion
P/E Ratio
16.30
Dividend Yield
3.08%
Price Target
$94.11
30 days | 90 days | 365 days | Advanced Chart

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NTAP Stock Forecast (MarketRank)

Overall MarketRank

3.15 out of 5 stars

Computer And Technology Sector

25th out of 923 stocks

Computer Storage Devices Industry

1st out of 6 stocks

Analyst Opinion: 4.3Community Rank: 3.7Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -
NetApp logo

About NetApp (NASDAQ:NTAP)

NetApp, Inc. provides software, systems, and cloud services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud storage services, including NetApp Cloud Volumes; cloud control solutions, such as NetApp Cloud Manager and NetApp Virtual Desktop Service; cloud services and analytics comprising NetApp Cloud Insights, NetApp Cloud Sync, NetApp Cloud Compliance, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Cloud Backup, and NetApp Global File Cache; and Cloud Optimization solutions, such as Spot by NetApp, Spot Cloud Analyzer by NetApp, Spot Eco by NetApp, Spot Ocean by NetApp, Spot Wave by NetApp, Spot Elastigroup by NetApp, and NetApp Virtual Desktop Managed Service. It provides data storage solutions comprising NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, NetApp SolidFire, and NetApp HCI; data protection solutions, such as NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Data Availability Services; and data management solutions, including NetApp ONTAP Storage Management System, NetApp ElementOS software, NetApp SANtricity software, NetApp Active IQ Digital Advisor, OnCommand Insight, and OnCommand Workflow Automation. In addition, the company offers application-aware data management service under the NetApp Astra name; and payment solutions and storage-as-a-service under the NetApp Keystone name. Further, it provides assessment, design, consulting, and implementation services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

NTAP Stock News Headlines

The Analysts Reel In Their Targets For NetApp
The analysts are reeling in their targets for NetApp (NASDAQ: NTAP) but the stock is still a buy. At least 5 of the 21 analysts covering the stock have come out in the wake of the FQ4 earnings report and they all include price target reductions.
NetApp (NASDAQ:NTAP) Stock Rating Lowered by StockNews.com
See More Headlines

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:NTAP
CUSIP
64110D10
Employees
12,000
Year Founded
1992

Company Calendar

Ex-Dividend for 4/27 Dividend
4/07/2022
Dividend Payable
4/27/2022
Last Earnings
6/01/2022
Today
6/24/2022
Ex-Dividend for 7/27 Dividend
7/07/2022
Dividend Payable
7/27/2022
Next Earnings (Estimated)
8/24/2022
Fiscal Year End
4/30/2023

Price Target and Rating

Average Stock Price Forecast
$94.11
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+40.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57142857142857
Research Coverage
21 Analysts

Profitability

Net Income
$937 million
Pretax Margin
17.33%

Debt

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$5.60 per share
Book Value
$3.79 per share

Miscellaneous

Free Float
220,571,000
Market Cap
$14.78 billion
Optionable
Optionable
Beta
1.24

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NetApp Frequently Asked Questions

Should I buy or sell NetApp stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NetApp stock.
View analyst ratings for NetApp
or view top-rated stocks.

What is NetApp's stock price forecast for 2022?

21 Wall Street research analysts have issued 12 month target prices for NetApp's shares. Their NTAP stock forecasts range from $80.00 to $120.00. On average, they expect NetApp's share price to reach $94.11 in the next twelve months. This suggests a possible upside of 40.9% from the stock's current price.
View analysts' price targets for NetApp
or view top-rated stocks among Wall Street analysts.

How has NetApp's stock performed in 2022?

NetApp's stock was trading at $91.99 on January 1st, 2022. Since then, NTAP shares have decreased by 27.4% and is now trading at $66.81.
View the best growth stocks for 2022 here
.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
View our earnings forecast for NetApp
.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) released its earnings results on Wednesday, June, 1st. The data storage provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.28 by $0.14. The data storage provider earned $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. NetApp had a net margin of 14.83% and a trailing twelve-month return on equity of 127.40%. The business's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS.
View NetApp's earnings history
.

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

NetApp announced a quarterly dividend on Wednesday, June 1st. Investors of record on Friday, July 8th will be given a dividend of $0.50 per share on Wednesday, July 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, July 7th.
View NetApp's dividend history
.

Is NetApp a good dividend stock?

NetApp(NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.08%. The dividend payout ratio of NetApp is 48.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 39.84% 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 updated its first quarter 2023 earnings guidance on Wednesday, June, 22nd. The company provided EPS guidance of $1.05-$1.15 for the period, compared to the consensus EPS estimate of $1.09. The company issued revenue guidance of $1.48 billion-$1.63 billion, compared to the consensus revenue estimate of $1.56 billion.

Who are NetApp's key executives?

NetApp's management team includes the following people:
  • Mr. George Kurian, CEO & Director (Age 55, Pay $3.58M)
  • Mr. Cesar Cernuda Rego, Pres (Age 49, Pay $3.09M) (LinkedIn Profile)
  • Mr. Michael J. Berry, Exec. VP & CFO (Age 59, Pay $1.68M) (LinkedIn Profile)
  • Mr. Matthew K. Fawcett, Exec. VP & Chief Strategy Officer (Age 54, Pay $1.26M) (LinkedIn Profile)
  • Mr. Robert Parks, VP & Chief Accounting Officer
  • 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
  • Ms. Elizabeth O'Callahan, Exec. VP, Chief Legal Officer & Gen. Counsel
  • Mr. James D. Whitemore, Exec. VP & Chief Marketing Officer (Age 57)

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 (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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.60%), BlackRock Inc. (8.14%), Capital International Investors (7.93%), Primecap Management Co. CA (7.57%), State Street Corp (4.32%) and Wellington Management Group LLP (3.74%). Company insiders that own NetApp stock include Carrie Palin, Cesar Cernuda, George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Michael J Berry, Michael J Berry, Scott R Allen and Thomas Michael Nevens.
View institutional ownership trends for NetApp
.

Which major investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Capital International Investors, Arrowstreet Capital Limited Partnership, Primecap Management Co. CA, Goldman Sachs Group Inc., APG Asset Management N.V., Renaissance Technologies LLC, and State Street Corp. Company insiders that have sold NetApp company stock in the last two years include Carrie Palin, Cesar Cernuda, George Kurian, Matthew K Fawcett, and Thomas Michael Nevens.
View insider buying and selling activity for NetApp
or view top insider-selling stocks.

Which major investors are buying NetApp stock?

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Ardevora Asset Management LLP, Boston Partners, Mariner LLC, Acadian Asset Management LLC, Victory Capital Management Inc., Vanguard Group Inc., and Pacer Advisors Inc..
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 $66.81.

How much money does NetApp make?

NetApp (NASDAQ:NTAP) has a market capitalization of $14.78 billion and generates $6.32 billion in revenue each year. The data storage provider earns $937 million in net income (profit) each year or $4.099990 on an earnings per share basis.

How many employees does NetApp have?

NetApp employs 12,000 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, Cloud Jumper LLC, CloudCheckr, CloudJumper, Clu Acquisition LLC, Cognigo, Cognigo Research Ltd, Data Mechanics Inc., Decru, Decru B.V., Engenio, Fylamynt, Greenqloud, 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 Iceland ehf., 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 R&D LLC, 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, Sonoma Holdings C.V., Sonoma Holdings LLC, Spinnaker Networks, Spot, Spotinst LLC, Spotinst Ltd., StackPointCloud, StackPointCloud LLC, Talon Storage, Talon Storage Solutions Inc., Topio, WebManage Technologies, and ionGrid.
Read More

When was NetApp founded?

NetApp was founded in 1992.

How can I contact NetApp?

NetApp's mailing address is 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089. The official website for NetApp is www.netapp.com. The data storage provider can be reached via phone at (408) 822-6000, via email at [email protected], or via fax at 408-822-4501.

This page (NASDAQ:NTAP) was last updated on 6/24/2022 by MarketBeat.com Staff

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