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NetApp - NTAP Stock Forecast, Price & News

$65.95
-0.28 (-0.42%)
(As of 02/1/2023 11:12 AM ET)
Add
Compare
Today's Range
$65.64
$66.75
50-Day Range
$58.18
$74.66
52-Week Range
$58.08
$92.40
Volume
408,245 shs
Average Volume
1.71 million shs
Market Capitalization
$14.22 billion
P/E Ratio
9.98
Dividend Yield
3.05%
Price Target
$77.95

NetApp MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
17.7% Upside
$77.95 Price Target
Short Interest
Healthy
2.72% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.63mentions of NetApp in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$748,890 Sold Last Quarter
Proj. Earnings Growth
9.38%
From $4.37 to $4.78 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

Computer And Technology Sector

80th out of 630 stocks

Computer Storage Devices Industry

1st out of 5 stocks


NTAP stock logo

About NetApp (NASDAQ:NTAP) Stock

NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Volumes ONTAP, NetApp Cloud Sync, NetApp Cloud Secure, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Kubernetes Service, and NetApp Cloud Insights. It also provides cloud infrastructure solutions, such as FlexPod, a portfolio of pre-validated designs and integration, NetApp HCI for public cloud consumption experience, and NetApp StorageGRID, a software-defined object-based storage solution. The company also offers storage systems and software, including all-flash arrays that support data management, hybrid arrays to deploy the speed of flash storage, the NetApp ONTAP storage operating system, NetApp ONTAP Select, which offers robust enterprise storage services, NetApp MAX Data, NetApp FlexArray storage virtualization software, NetApp OnCommand API Services, NetApp Active IQ software, NetApp data availability services, NetApp SnapCenter backup management software, NetApp SnapMirror data replication software, NetApp MetroCluster business continuity so

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NTAP Stock News Headlines

Don't Miss These 2 Mid-Cap Techs That Broke Out Last Week (NTAP)
Apple component supplier mid-cap Jabil Inc. (NYSE: JBL) is up 14.24% in the past week as the stock broke out of a base that began in early December.
Should You Store Your Capital in Pure Storage Stock? (NTAP)
Enterprise data storage solutions provider Pure Storage Inc. (NYSE: PSTG) stock closed out 2022 with a (-16.5%) loss. Much of the selling
Top AI Tech Stock To Watch
Today's stock market news features a Robotics stock with blue sky potential.
Layoffs hit major Research Triangle employer NetApp
Workday, NetApp join chorus of tech layoffs
Top AI Tech Stock To Watch
Today's stock market news features a Robotics stock with blue sky potential.
NetApp (NASDAQ:NTAP) Upgraded to Buy by StockNews.com
NetApp PT Raised to $73 at JPMorgan
NetApp's (NASDAQ:NTAP) Dividend Will Be $0.50
NetApp: Value Stock Or Value Trap?
NetApp (NASDAQ:NTAP) Will Pay A Dividend Of $0.50
NetApp (NTAP) Q2 Earnings Surpass Estimates
See More Headlines
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NTAP Company Calendar

Last Earnings
11/29/2022
Ex-Dividend for 1/25 Dividend
1/05/2023
Dividend Payable
1/25/2023
Today
2/01/2023
Next Earnings (Estimated)
2/22/2023
Fiscal Year End
4/30/2023

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:NTAP
CUSIP
64110D10
Employees
12,000
Year Founded
1992

Price Target and Rating

Average Stock Price Forecast
$77.95
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$58.00
Forecasted Upside/Downside
+18.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
21 Analysts

Profitability

Net Income
$937 million
Pretax Margin
17.61%

Debt

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$5.46 per share
Book Value
$3.77 per share

Miscellaneous

Free Float
215,013,000
Market Cap
$14.22 billion
Optionable
Optionable
Beta
1.18

Social Links


Key Executives

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













NTAP Stock - Frequently Asked Questions

Should I buy or sell NetApp stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NTAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTAP, but not buy additional shares or sell existing shares.
View NTAP analyst ratings
or view top-rated stocks.

What is NetApp's stock price forecast for 2023?

21 Wall Street analysts have issued 1 year price targets for NetApp's shares. Their NTAP share price forecasts range from $58.00 to $110.00. On average, they expect the company's stock price to reach $77.95 in the next year. This suggests a possible upside of 17.7% from the stock's current price.
View analysts price targets for NTAP
or view top-rated stocks among Wall Street analysts.

How have NTAP shares performed in 2023?

NetApp's stock was trading at $60.06 at the beginning of the year. Since then, NTAP stock has increased by 10.3% and is now trading at $66.23.
View the best growth stocks for 2023 here
.

When is NetApp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our NTAP earnings forecast
.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) issued its quarterly earnings results on Tuesday, November, 29th. The data storage provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.12. The data storage provider had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.67 billion. NetApp had a net margin of 22.52% and a trailing twelve-month return on equity of 115.30%.
Read the conference call transcript
.

How often does NetApp pay dividends? What is the dividend yield for NetApp?

NetApp declared a quarterly dividend on Tuesday, November 29th. Shareholders of record on Friday, January 6th will be given a dividend of $0.50 per share on Wednesday, January 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Thursday, January 5th.
Read our dividend analysis for NTAP
.

Is NetApp a good dividend stock?

NetApp (NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.04%. The dividend payout ratio is 30.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTAP will have a dividend payout ratio of 41.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NTAP.

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

NetApp updated its third quarter 2023 earnings guidance on Thursday, December, 29th. The company provided earnings per share guidance of $1.25-$1.35 for the period, compared to the consensus estimate of $1.44. The company issued revenue guidance of $1.52 billion-$1.68 billion, compared to the consensus revenue estimate of $1.71 billion.

What is George Kurian's approval rating as NetApp's CEO?

390 employees have rated NetApp Chief Executive Officer George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among the company's employees.

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 (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 many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.33%), Ardevora Asset Management LLP (0.32%), Seizert Capital Partners LLC (0.29%), Boston Trust Walden Corp (0.21%), New York State Teachers Retirement System (0.13%) and New York State Common Retirement Fund (0.13%). Insiders that own company stock include Carrie Palin, Cesar Cernuda, George Kurian, Matthew K Fawcett, Michael J Berry, Michael J Berry and Thomas Michael Nevens.
View institutional ownership trends
.

How do I buy shares of NetApp?

Shares of NTAP stock 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 $66.23.

How much money does NetApp make?

NetApp (NASDAQ:NTAP) has a market capitalization of $14.28 billion and generates $6.55 billion in revenue each year. The data storage provider earns $937 million in net income (profit) each year or $6.61 on an earnings per share basis.

How many employees does NetApp have?

The company employs 12,000 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, Cloud Jumper LLC, CloudCheckr, CloudJumper, Clu Acquisition LLC, Cognigo, Cognigo Research Ltd, Data Mechanics Inc., Decru, Decru B.V., Engenio, Fylamynt, Greenqloud, 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 Iceland ehf., 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 R&D LLC, 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, Sonoma Holdings C.V., Sonoma Holdings LLC, Spinnaker Networks, Spot, Spotinst LLC, Spotinst Ltd., StackPointCloud, StackPointCloud LLC, Talon Storage, Talon Storage Solutions Inc., Topio, WebManage Technologies, and ionGrid.
Read More
How can I contact NetApp?

NetApp's mailing address is 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089. The official website for the company is www.netapp.com. The data storage provider can be reached via phone at (408) 822-6000, via email at investor_relations@netapp.com, or via fax at 408-822-4501.

This page (NASDAQ:NTAP) was last updated on 2/1/2023 by MarketBeat.com Staff