NetApp Stock Forecast, Price & News

NetApp (NASDAQ:NTAP) Frequently Asked Questions

Is NetApp a buy right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NetApp stock.
View analyst ratings for NetApp or view top-rated stocks.

How has NetApp's stock been impacted by Coronavirus (COVID-19)?

NetApp's stock was trading at $40.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NTAP shares have increased by 108.4% and is now trading at $84.28.
View which stocks have been most impacted by COVID-19.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, February 23rd 2022.
View our earnings forecast for NetApp.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) announced its earnings results on Tuesday, November, 30th. The data storage provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.07. The data storage provider had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. NetApp had a net margin of 15.57% and a trailing twelve-month return on equity of 136.54%. The firm's revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 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 Tuesday, November 30th. Investors of record on Friday, January 7th will be paid a dividend of $0.50 per share on Wednesday, January 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Thursday, January 6th.
View NetApp's dividend history.

Is NetApp a good dividend stock?

NetApp pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.28%. The dividend payout ratio of NetApp is 48.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 42.28% 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 FY 2022 earnings guidance on Tuesday, December, 7th. The company provided EPS guidance of $4.900-$5.100 for the period. The company issued revenue guidance of $6.26 billion-$6.32 billion.

What price target have analysts set for NTAP?

22 brokerages have issued twelve-month target prices for NetApp's shares. Their forecasts range from $70.00 to $120.00. On average, they anticipate NetApp's stock price to reach $98.17 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
View analysts' price targets for NetApp or view top-rated stocks among Wall Street analysts.

Who are NetApp's key executives?

NetApp's management team includes the following people:

• George Kurian, Chief Executive Officer & Director
• César Cernuda Rego, President
• Bill Berg, Senior Vice President-Operations
• Michael J. Berry, Chief Financial Officer & Executive Vice President
• Biren Fondekar, Chief Transformation Officer

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?

Some companies that are related to NetApp include Seagate Technology (STX), Western Digital (WDC), Pure Storage (PSTG), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
View all of NTAP's 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.com (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 Russell Investments Group Ltd. (0.17%), Boston Trust Walden Corp (0.16%), Crossmark Global Holdings Inc. (0.10%), State of Alaska Department of Revenue (0.06%), Nordea Investment Management AB (0.05%) and Retirement Systems of Alabama (0.03%). Company insiders that own NetApp stock include Carrie Palin, Cesar Cernuda, George Kurian, Matthew K Fawcett, Michael J Berry 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 Retirement Systems of Alabama, State of Alaska Department of Revenue, Nordea Investment Management AB, Exchange Traded Concepts LLC, IBM Retirement Fund, Access Financial Services Inc., Lingohr & Partner Asset Management GmbH, and Parallel Advisors LLC. Company insiders that have sold NetApp company stock in the last year 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 bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Contravisory Investment Management Inc., G&S Capital LLC, TKG Advisors LLC, Pensionfund Sabic, Patton Fund Management Inc., Swarthmore Group Inc., and Sciencast Management LP.
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 $84.28.

How much money does NetApp make?

NetApp has a market capitalization of $18.73 billion and generates $5.74 billion in revenue each year. The data storage provider earns $730 million in net income (profit) each year or $4.12 on an earnings per share basis.

How many employees does NetApp have?

NetApp employs 11,000 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, CloudCheckr, CloudJumper, Clu Acquisition LLC, Cognigo, Data Mechanics Inc., Decru, Decru B.V., Engenio, Greenqloud, Greenqloud ehf., 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 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 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, SolidFire LLC, Sonoma Holdings C.V., Sonoma Holdings LLC, Spinnaker Networks, Spot, StackPointCloud, Talon Storage, Topio, WebManage Technologies, and ionGrid.

When was NetApp founded?

NetApp was founded in 1992.

What is NetApp's official website?

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

Where are NetApp's headquarters?

NetApp is headquartered at 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089.

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, via email at [email protected], or via fax at 408-822-4501.