NASDAQ:NTAP - NetApp Stock Price, Price Target & More

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$82.01 -0.31 (-0.38 %)
(As of 07/22/2018 04:00 PM ET)
Previous Close$82.01
Today's Range$81.59 - $82.49
52-Week Range$37.55 - $83.14
Volume1.92 million shs
Average Volume2.43 million shs
Market Capitalization$21.61 billion
P/E Ratio27.43
Dividend Yield1.95%
Beta1.25
NetApp logoNetApp, Inc. provides software, systems, and services to manage and share date 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. was founded in 1992 and is headquartered in Sunnyvale, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
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 Ratio27.43
Forward P/E Ratio23.23
P/E Growth1.67

Sales & Book Value

Annual Sales$5.91 billion
Price / Sales3.66
Cash Flow$3.8180 per share
Price / Cash21.48
Book Value$7.71 per share
Price / Book10.64

Profitability

EPS (Most Recent Fiscal Year)$2.99
Net Income$76 million
Net Margins1.29%
Return on Equity33.87%
Return on Assets8.38%

Miscellaneous

Employees10,300
Outstanding Shares263,480,000
Market Cap$21,608.08

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. Stockholders 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 dividend yield of 1.95%. 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 quarterly earnings data on Wednesday, May, 23rd. The data storage provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.04. The data storage provider had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.60 billion. NetApp had a return on equity of 33.87% and a net margin of 1.29%. The business's revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 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, 15th 2018. 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, 23rd. The company provided earnings per share (EPS) guidance of $0.76-0.82 for the period, compared to the Thomson Reuters consensus EPS 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?

31 brokerages have issued 1 year price objectives for NetApp's stock. Their forecasts range from $40.00 to $94.00. On average, they expect NetApp's stock price to reach $69.00 in the next twelve months. This suggests that the stock has a possible downside of 15.9%. View Analyst Ratings for NetApp.

What is the consensus analysts' recommendation for NetApp?

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 2 sell ratings, 9 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

What are Wall Street analysts saying about NetApp stock?

Here are some recent quotes from research analysts about NetApp stock:
  • 1. Guggenheim analysts commented, "We are initiating coverage of Buy rating and $94 price target. We believe NTAP has regained momentum and competitive edge over the past 2 years, facing the same public cloud headwind as other traditional systems OEMs but 1) jumping from laggard to leader in all-flash arrays (AFAs) and 2) leveraging its core ONTAP software into one of the market’s most compelling “hybrid” cloud platforms. NTAP’s common software stack can now be deployed on-prem or in the cloud and its new software-only SaaS business could even help make the cloud accretive. We believe enterprise storage demand is reaccelerating, driven by investments in machine learning (ML) and AI that feed on massive amounts of processing thrown at massive amounts of data storage." (7/12/2018)
  • 2. 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)
  • 3. 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)

Who are some of NetApp's key competitors?

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

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 & Gen. Mang., NetApp Storage Systems and Software Bus. Unit (Age 59)
  • Mr. Henri P. Richard, Exec. VP of Worldwide Field & Customer Operations (Age 61)

Has NetApp been receiving favorable news coverage?

Press coverage about NTAP stock has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NetApp earned a news sentiment score of 0.20 on Accern's scale. They also gave news articles about the data storage provider an impact score of 46.05 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Who are NetApp's major shareholders?

NetApp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.54%), Retirement Systems of Alabama (0.34%), Boston Advisors LLC (0.16%), Swarthmore Group Inc. (0.05%), Cornerstone Wealth Management LLC (0.04%) and Nisa Investment Advisors LLC (0.03%). 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 institutional investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including Capital One National Association, Hartford Investment Management Co., Oakbrook Investments LLC, Retirement Systems of Alabama, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Fjarde AP Fonden Fourth Swedish National Pension Fund and Creative Planning. 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 institutional investors are buying NetApp stock?

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Boston Advisors LLC, Swarthmore Group Inc., Cornerstone Wealth Management LLC, Nisa Investment Advisors LLC, NN Investment Partners Holdings N.V., Palo Capital Inc. and Gateway Investment Advisers 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 $82.01.

How big of a company is NetApp?

NetApp has a market capitalization of $21.61 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.

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:  1.8 out of 5 (star)
Outperform Votes:  814 (Vote Outperform)
Underperform Votes:  1,425 (Vote Underperform)
Total Votes:  2,239
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 7/22/2018 by MarketBeat.com Staff

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