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

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$61.99 +0.33 (+0.54 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$61.66
Today's Range$61.57 - $62.73
52-Week Range$54.50 - $88.08
Volume2.49 million shs
Average Volume2.78 million shs
Market Capitalization$15.31 billion
P/E Ratio20.73
Dividend Yield2.59%
Beta1.4
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.91 billion
Cash Flow$3.3819 per share
Book Value$7.71 per share

Profitability

Net Income$76 million

Miscellaneous

Employees10,300
Market Cap$15.31 billion
Next Earnings Date8/21/2019 (Estimated)
OptionableOptionable

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 Thursday, May 23rd. Shareholders of record on Friday, July 5th will be given a dividend of $0.48 per share on Wednesday, July 24th. This represents a $1.92 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Wednesday, July 3rd. This is an increase from NetApp's previous quarterly dividend of $0.40. View NetApp's Dividend History.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) announced its quarterly earnings data on Wednesday, May, 22nd. The data storage provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.13 by $0.03. The data storage provider earned $1.59 billion during the quarter, compared to the consensus estimate of $1.64 billion. NetApp had a net margin of 16.85% and a return on equity of 60.32%. The company's revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.05 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, August 21st 2019. View Earnings Estimates for NetApp.

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

NetApp issued an update on its first quarter earnings guidance on Wednesday, May, 22nd. The company provided EPS guidance of $0.78-0.86 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.05. The company issued revenue guidance of $1.315-1.465 billion, compared to the consensus revenue estimate of $1.48 billion.NetApp also updated its Q1 2020 guidance to $0.78-0.86 EPS.

What price target have analysts set for NTAP?

28 analysts have issued twelve-month price objectives for NetApp's shares. Their predictions range from $43.00 to $100.00. On average, they anticipate NetApp's share price to reach $76.1717 in the next year. This suggests a possible upside of 22.9% from the stock's current price. 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 4 sell ratings, 9 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Has NetApp been receiving favorable news coverage?

News articles about NTAP stock have been trending positive on Friday, InfoTrie Sentiment reports. The research firm ranks the sentiment of press 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 five, with scores nearest to five being the most favorable. NetApp earned a daily sentiment score of 2.3 on InfoTrie's scale. They also assigned news coverage about the data storage provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days.

Who are some of NetApp's key competitors?

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

What other stocks do shareholders of NetApp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include Twitter (TWTR), Alibaba Group (BABA), General Electric (GE), NVIDIA (NVDA), Mattel (MAT), Cisco Systems (CSCO), General Motors (GM), Ultra Clean (UCTT), Walt Disney (DIS) and Netflix (NFLX).

Who are NetApp's key executives?

NetApp's management team includes the folowing 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)

Who are NetApp's major shareholders?

NetApp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Primecap Management Co. CA (13.73%), BlackRock Inc. (7.28%), Renaissance Technologies LLC (2.77%), Wellington Management Group LLP (1.99%), Geode Capital Management LLC (1.76%) and Janus Henderson Group PLC (1.33%). Company insiders that own NetApp stock include George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Jeffry R Allen, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace 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 Boston Partners, Primecap Management Co. CA, BlackRock Inc., Morgan Stanley, Voya Investment Management LLC, JPMorgan Chase & Co., TCW Group Inc. and Natixis. Company insiders that have sold NetApp company stock in the last year include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill and Matthew K Fawcett. View Insider Buying and Selling for NetApp.

Which institutional investors are buying NetApp stock?

NTAP stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Amundi Pioneer Asset Management Inc., Artisan Partners Limited Partnership, Bank of Montreal Can, Renaissance Technologies LLC, AQR Capital Management LLC, AJO LP and FMR LLC. 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 $61.99.

How big of a company is NetApp?

NetApp has a market capitalization of $15.31 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.

What is NetApp's official website?

The official website for NetApp is http://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]


MarketBeat Community Rating for NetApp (NASDAQ NTAP)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  960 (Vote Outperform)
Underperform Votes:  1,517 (Vote Underperform)
Total Votes:  2,477
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 5/24/2019 by MarketBeat.com Staff

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