NASDAQ:NTAPNetApp Stock Price, Forecast & News

NetApp's stock was trading at $40.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NTAP shares have increased by 9.1% and is now trading at $44.14. View which stocks have been most impacted by Coronavirus.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 17 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for NetApp.

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020. View our earnings forecast for NetApp.

NetApp Inc. (NASDAQ:NTAP) announced its quarterly earnings results on Wednesday, May, 27th. The data storage provider reported $1.19 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.04 by $0.15. The data storage provider had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.37 billion. NetApp had a net margin of 15.13% and a return on equity of 168.65%. The company's quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 earnings per share. View NetApp's earnings history.

NetApp announced a quarterly dividend on Wednesday, May 27th. Stockholders of record on Friday, July 10th will be given a dividend of $0.48 per share on Wednesday, July 29th. This represents a $1.92 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Thursday, July 9th. View NetApp's dividend history.

NetApp issued an update on its first quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share (EPS) guidance of $0.36-0.44 for the period, compared to the Thomson Reuters consensus estimate of $0.60. The company issued revenue guidance of $1.09-1.24 billion, compared to the consensus revenue estimate of $1.14 billion.

25 brokers have issued twelve-month target prices for NetApp's shares. Their forecasts range from $34.00 to $75.00. On average, they anticipate NetApp's stock price to reach $53.63 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price. View analysts' price targets for NetApp.

Headlines about NTAP stock have been trending very negative recently, InfoTrie reports. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. NetApp earned a news impact score of -3.8 on InfoTrie's scale. They also gave news stories about the data storage provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutNetApp.

Some companies that are related to NetApp include Western Digital (WDC), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include NVIDIA (NVDA), Intel (INTC), Alibaba Group (BABA), Netflix (NFLX), QUALCOMM (QCOM), Cisco Systems (CSCO), salesforce.com (CRM), Micron Technology (MU), Adobe (ADBE) and Twitter (TWTR).

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 Primecap Management Co. CA (13.89%), Capital International Investors (11.72%), BlackRock Inc. (7.77%), State Street Corp (4.50%), Bank of New York Mellon Corp (2.51%) and American International Group Inc. (2.04%). Company insiders that own NetApp stock include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Ronald J Pasek and Scott R Allen. View institutional ownership trends for NetApp.

NTAP stock was sold by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Capital International Investors, Wellington Management Group LLP, American International Group Inc., Two Sigma Advisers LP, AJO LP, Los Angeles Capital Management & Equity Research Inc., and UBS Group AG. Company insiders that have sold NetApp company stock in the last year include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Ronald J Pasek, and Scott R Allen. View insider buying and selling activity for NetApp.

NTAP stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Schroder Investment Management Group, Miller Howard Investments Inc. NY, Morgan Stanley, Morgan Stanley, Hexavest Inc., Canada Pension Plan Investment Board, and KBC Group NV. View insider buying and selling activity for 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.

One share of NTAP stock can currently be purchased for approximately $44.14.

NetApp has a market capitalization of $9.76 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 10,500 workers across the globe.

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

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]