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

$54.10
-0.33 (-0.61 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$53.8050
Now: $54.10
$54.80
50-Day Range
$45.1150
MA: $49.29
$58.32
52-Week Range
$44.55
Now: $54.10
$87.65
Volume2.21 million shs
Average Volume2.76 million shs
Market Capitalization$12.87 billion
P/E Ratio13.46
Dividend Yield3.53%
Beta1.52
NetApp, Inc provides software, systems, and services to manage and share data 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. Read More…

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
Current SymbolNASDAQ:NTAP
CUSIP64110D10
Phone408-822-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.15 billion
Cash Flow$4.8004 per share
Book Value$3.63 per share

Profitability

Net Income$1.17 billion

Miscellaneous

Employees10,500
Market Cap$12.87 billion
Next Earnings Date11/13/2019 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Wednesday, August 14th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.48 per share on Wednesday, October 23rd. This represents a $1.92 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, October 3rd. View NetApp's Dividend History.

How were NetApp's earnings last quarter?

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%. The business's revenue for the quarter was down 16.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 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, November 13th 2019. View Earnings Estimates for NetApp.

What guidance has NetApp issued on next quarter's earnings?

NetApp issued an update on its second quarter earnings guidance on Wednesday, August, 14th. The company provided earnings per share 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.

What price target have analysts set for NTAP?

26 equities research analysts have issued twelve-month price targets for NetApp's stock. Their forecasts range from $40.00 to $93.00. On average, they expect NetApp's share price to reach $60.3132 in the next year. This suggests a possible upside of 11.5% from the stock's current price. View Analyst Price Targets for NetApp.

What is the consensus analysts' recommendation for NetApp?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 2 sell ratings, 14 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Has NetApp been receiving favorable news coverage?

Headlines about NTAP stock have trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. NetApp earned a coverage optimism score of -2.9 on InfoTrie's scale. They also assigned media coverage about the data storage provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for NetApp.

Are investors shorting NetApp?

NetApp saw a decline in short interest in August. As of August 31st, there was short interest totalling 12,603,900 shares, a decline of 25.7% from the July 31st total of 16,955,400 shares. Based on an average daily trading volume, of 2,640,000 shares, the short-interest ratio is presently 4.8 days. Currently, 5.3% of the shares of the company are sold short. View NetApp's Current Options Chain.

Who are some of NetApp's key 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), Twitter (TWTR), Alibaba Group (BABA), Netflix (NFLX), Micron Technology (MU), Cisco Systems (CSCO), Adobe (ADBE), Intel (INTC), Advanced Micro Devices (AMD) and salesforce.com (CRM).

Who are NetApp's key executives?

NetApp's management team includes the folowing people:
  • Mr. George Kurian, CEO, Pres & Director (Age 52)
  • Mr. Ronald J. Pasek, Exec. VP, CFO & Principal Accounting Officer (Age 58)
  • Mr. Matthew K. Fawcett, Sr. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. Joel D. Reich, Exec. VP & Gen. Mang., NetApp Storage Systems and Software Bus. Unit (Age 60)
  • Mr. Henri P. Richard, Exec. VP of Worldwide Field & Customer Operations (Age 62)

Who are NetApp's major shareholders?

NetApp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (13.91%), Vanguard Group Inc. (12.15%), BlackRock Inc. (7.47%), BlackRock Inc. (7.50%), Renaissance Technologies LLC (2.80%) and Invesco Ltd. (2.53%). 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, Richard P Wallace, Ronald J Pasek 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 Investec Asset Management LTD, APG Asset Management N.V., AQR Capital Management LLC, Allianz Asset Management GmbH, Boston Partners, First Trust Advisors LP, Primecap Management Co. CA and Janus Henderson Group PLC. 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.

Which institutional investors are buying NetApp stock?

NTAP stock was bought by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., Invesco Ltd., Nuveen Asset Management LLC, Marshall Wace LLP, Worldquant Millennium Advisors LLC, Capital Bank & Trust Co, UBS Asset Management Americas Inc. and Jacobs Levy Equity Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $54.10.

How big of a company is NetApp?

NetApp has a market capitalization of $12.87 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.

What is NetApp's official website?

The official website for NetApp is http://www.netapp.com/.

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:  1.9 out of 5 (star)
Outperform Votes:  985 (Vote Outperform)
Underperform Votes:  1,555 (Vote Underperform)
Total Votes:  2,540
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 9/20/2019 by MarketBeat.com Staff

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