About NetApp (NASDAQ:NTAP)
NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. It offers flash; flash arrays that support data management; hybrid arrays to deploy the speed of flash storage; hybrid cloud; ONTAP cloud storage data management service; NetApp cloud sync hybrid data management Software as a Service; NetApp private storage for cloud; and AltaVault cloud-integrated solutions. The company also provides ONTAP storage operating system for data protection and security; SANtricity storage operating system, which provides performance, reliability, and data protection for application-driven workloads; SolidFire element operating system; NetApp StorageGRID Webscale software that allows customers to store and manage massive amounts of data on premises and in the cloud; NetApp integrated data protection solutions; OnCommand management software and management integration tools; and FlexArray storage virtualization software. Further, 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. was founded in 1992 and is headquartered in Sunnyvale, California.
Industry, Sector and Symbol
Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
SymbolNASDAQ:NTAP
CUSIP64110D10
Phone408-822-6000
Debt
Debt-to-Equity Ratio0.75
Current Ratio1.89
Quick Ratio1.86
Price-To-Earnings
Trailing P/E Ratio25.99
Forward P/E Ratio21.95
P/E Growth1.83
Sales & Book Value
Annual Sales$5.91 billion
Price / Sales3.52
Cash Flow$3.8182 per share
Price / Cash20.35
Book Value$7.71 per share
Price / Book10.08
Profitability
EPS (Most Recent Fiscal Year)$2.99
Net Income$76 million
Net Margins1.29%
Return on Equity33.87%
Return on Assets8.38%
Miscellaneous
Employees10,100
Outstanding Shares267,920,000
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 declared a quarterly dividend on Wednesday, May 23rd. Investors of record on Friday, July 6th will be given a dividend of $0.40 per share on Wednesday, July 25th. This represents a $1.60 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, July 5th. This is a positive change from NetApp's previous quarterly dividend of $0.20. View NetApp's Dividend History.
How were NetApp's earnings last quarter?
NetApp Inc. (NASDAQ:NTAP) posted its earnings results on Wednesday, May, 23rd. The data storage provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The data storage provider earned $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. NetApp had a net margin of 1.29% and a return on equity of 33.87%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS. View NetApp's Earnings History.
When is NetApp's next earnings date?
What guidance has NetApp issued on next quarter's earnings?
NetApp updated its first quarter earnings guidance on Wednesday, May, 23rd. The company provided earnings per share guidance of $0.76-0.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.78. The company issued revenue guidance of $1.365-1.465 billion, compared to the consensus revenue estimate of $1.42 billion.
What price target have analysts set for NTAP?
30 brokerages have issued twelve-month price objectives for NetApp's stock. Their predictions range from $40.00 to $85.00. On average, they expect NetApp's stock price to reach $66.08 in the next twelve months. View Analyst Ratings for NetApp.
What are Wall Street analysts saying about NetApp stock?
Here are some recent quotes from research analysts about NetApp stock:
- 1. According to Zacks Investment Research, "NetApp is a provider of enterprise storage and data management software and hardware products and services. The company’s expertise in the flash array market is increasing its prominence in the storage area network (SAN) and converged infrastructure markets. The company’s newly launched hyper-converged infrastructure (HCI) is also expected to be a positive for the top-line growth in the long run. We believe NetApp is well positioned to enjoy steady growth driven by its diversified portfolio and strong distribution channels. These will drive demand for the company's products going forward. Estimates have been going up ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. Shares of the company have outperformed the industry in the past one year. However, intensifying competition from bellwethers such as HP Inc., Dell, IBM and Oracle is a major headwind." (4/17/2018)
- 2. Pivotal Research analysts commented, "We are raising our investment rating on NTAP from a Hold to a BUY based on higher growth expectations, along with a major dividend hike and another multi-billion dollar share buyback. Our EPS for FY19 moves to $3.90 from $3.72 vs the street at $3.77. Rev to $6.2b, up from $6.1b. Our PT moves to $72 from $62 based on a 15x PE multiple when adjusting for the $13/share of net cash. We expect at a minimum a $2.5b multi-year buyback, but could as high as $3.5b, front end loaded, and the dividend to be raised 50%-100% from the current $0.80/annual 1.33% yield to a 2%-2.67% yield. All this can be funded from the repatriation and FCF. Attractive cash position and Free Cash Flow. NTAP is repatriating $4b of cash. Plus over the next three years they should have almost $4b of cumulative FCF, using approximately the mid-point of the prior guidance for FCF as a percent of revenue of 16%-22% (FCF was at 23% in 3Q18A)." (4/4/2018)
Are investors shorting NetApp?
NetApp saw a increase in short interest during the month of May. As of May 31st, there was short interest totalling 13,702,020 shares, an increase of 37.5% from the May 15th total of 9,964,672 shares. Based on an average daily trading volume, of 4,642,136 shares, the days-to-cover ratio is currently 3.0 days. Currently, 5.1% of the company's shares are short sold.
Who are some of NetApp's key competitors?
Who are NetApp's key executives?
NetApp's management team includes the folowing people:
- Mr. George Kurian, CEO, Pres & Director (Age 51)
- Mr. Ronald J. Pasek, Exec. VP, CFO & Principal Accounting Officer (Age 57)
- Mr. Matthew K. Fawcett, Sr. VP, Gen. Counsel & Sec. (Age 50)
- Mr. Joel D. Reich, Exec. VP of Product Operations (Age 59)
- Mr. Henri P. Richard, Exec. VP of Worldwide Field & Customer Operations (Age 61)
Has NetApp been receiving favorable news coverage?
News stories about NTAP stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NetApp earned a media sentiment score of 0.22 on Accern's scale. They also gave news articles about the data storage provider an impact score of 44.51 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are NetApp's major shareholders?
NetApp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.64%), Boston Partners (4.99%), JPMorgan Chase & Co. (1.32%), Northern Trust Corp (1.19%), Summit Trail Advisors LLC (1.04%) and Dimensional Fund Advisors LP (0.56%). Company insiders that own NetApp stock include Alan L Earhart, George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Jeffry R Allen, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace, Robert T Wall 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 LSV Asset Management, Foresters Investment Management Company Inc., Systematic Financial Management LP, Millennium Management LLC, Sei Investments Co., State of Wisconsin Investment Board, Swiss National Bank and Thompson Siegel & Walmsley LLC. Company insiders that have sold NetApp company stock in the last year include George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace and Thomas Michael Nevens. View Insider Buying and Selling for NetApp.
Which major investors are buying NetApp stock?
NTAP stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Summit Trail Advisors LLC, Boston Partners, TCW Group Inc., Mackay Shields LLC, State of New Jersey Common Pension Fund D, Westfield Capital Management Co. LP and Russell Investments Group Ltd.. 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 $77.70.
How big of a company is NetApp?
NetApp has a market capitalization of $20.82 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 10,100 workers across the globe.
How can I contact NetApp?
NetApp's mailing address is 495 EAST JAVA DR, 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 (NTAP)
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.
