NetApp Stock Price, News & Analysis (NASDAQ:NTAP)

NetApp trades on the NASDAQ under the ticker symbol "NTAP."

NetApp announced a quarterly dividend on Wednesday, August 14th. Shareholders of record on Friday, October 4th will be given a dividend of $0.48 per share on Wednesday, October 23rd. This represents a $1.92 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, October 3rd. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) released its earnings results on Wednesday, August, 14th. The data storage provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.19. The data storage provider earned $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. NetApp had a net margin of 16.74% and a return on equity of 77.11%. NetApp's revenue was down 16.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 EPS. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, November 13th 2019. View Earnings Estimates for NetApp.

NetApp issued an update on its second quarter earnings guidance on Wednesday, August, 14th. The company provided EPS guidance of $0.91-0.99 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.87. The company issued revenue guidance of $1.325-1.475 billion, compared to the consensus revenue estimate of $1.35 billion.

26 brokerages have issued 1-year price targets for NetApp's stock. Their predictions range from $40.00 to $93.00. On average, they anticipate NetApp's share price to reach $59.47 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price. View Analyst Price Targets for NetApp.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 14 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

News coverage about NTAP stock has trended negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded 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 -2.6 on InfoTrie's scale. They also gave news articles about the data storage provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for NetApp.

NetApp saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 14,390,000 shares, an increase of 16.4% from the August 30th total of 12,360,000 shares. Based on an average trading volume of 2,790,000 shares, the days-to-cover ratio is currently 5.2 days. Approximately 6.1% of the company's stock are sold short. View NetApp's Current Options Chain.

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

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

NetApp's stock is owned by many different of institutional and retail investors. Top institutional investors include Pacer Advisors Inc. (0.04%), State of Alaska Department of Revenue (0.03%), Manning & Napier Group LLC (0.03%), Crossmark Global Holdings Inc. (0.01%), Gyroscope Capital Management Group LLC (0.01%) and Bangor Savings Bank (0.00%). Company insiders that own NetApp stock include George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Ronald J Pasek and Thomas Michael Nevens. View Institutional Ownership Trends for NetApp.

NTAP stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC and Crossmark Global Holdings Inc.. Company insiders that have sold NetApp company stock in the last year include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett and Ronald J Pasek. View Insider Buying and Selling for NetApp.

NTAP stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Gyroscope Capital Management Group LLC, Pacer Advisors Inc., Bangor Savings Bank, North Star Investment Management Corp. and Advantage Investment Management LLC. View Insider Buying and Selling 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 $51.49.

NetApp has a market capitalization of $12.25 billion and generates $6.15 billion in revenue each year. The data storage provider earns $1.17 billion in net income (profit) each year or $4.02 on an earnings per share basis. NetApp employs 10,500 workers across the globe.View Additional Information About NetApp.

The official website for NetApp is http://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]