NASDAQ:NTAPNetApp Stock Price, Forecast & News

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. Since then, NTAP shares have increased by 7.7% and is now trading at $43.55. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 15 hold ratings and 6 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) released its quarterly earnings results on Wednesday, May, 27th. The data storage provider reported $1.19 earnings per share (EPS) for the quarter, beating 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%. NetApp's revenue was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 EPS. View NetApp's earnings history.

NetApp announced a quarterly dividend on Wednesday, May 27th. Investors 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 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date 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 guidance of $0.36-0.44 for the period, compared to the Thomson Reuters consensus earnings per share 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.

24 Wall Street analysts have issued 1 year price targets for NetApp's stock. Their forecasts range from $34.00 to $75.00. On average, they anticipate NetApp's share price to reach $51.11 in the next twelve months. This suggests a possible upside of 17.4% from the stock's current price. View analysts' price targets for NetApp.

News headlines about NTAP stock have been trending negative on Saturday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. NetApp earned a news impact score of -2.8 on InfoTrie's scale. They also assigned media headlines about the data storage provider a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an effect on the stock's share price in the near term. View the latest news about NetApp.

NetApp saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 11,630,000 shares, an increase of 5.8% from the May 31st total of 10,990,000 shares. Based on an average trading volume of 2,480,000 shares, the short-interest ratio is currently 4.7 days. Currently, 5.3% of the shares of the stock are short sold. View NetApp's Current Options Chain.

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."

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 $43.55.

NetApp has a market capitalization of $9.63 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 10,800 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]