NASDAQ:NTAPNetApp Stock Price, Forecast & News

NetApp's stock was trading at $40.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NTAP stock has increased by 5.8% and is now trading at $42.80.
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21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 12 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020.
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NetApp will be holding an earnings conference call on Wednesday, August 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

NetApp Inc. (NASDAQ:NTAP) posted its quarterly earnings data on Wednesday, May, 27th. The data storage provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.15. The data storage provider had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.37 billion. NetApp had a return on equity of 168.65% and a net margin of 15.13%. The company's quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 earnings per share.
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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 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Thursday, July 9th.
View NetApp's dividend history.

NetApp updated its first quarter earnings guidance on Wednesday, May, 27th. The company provided EPS guidance of $0.36-0.44 for the period, compared to the Thomson Reuters consensus 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.

21 equities research analysts have issued 12-month 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 $51.29 in the next twelve months. This suggests a possible upside of 19.8% from the stock's current price.
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News articles about NTAP stock have been trending very positive recently, InfoTrie reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. NetApp earned a news sentiment score of 4.0 on InfoTrie's scale. They also gave press coverage about the data storage provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.
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Some companies that are related to NetApp include Western Digital (WDC), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC).
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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."

NetApp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (2.07%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), Miller Howard Investments Inc. NY (0.42%), Swiss National Bank (0.39%), Seizert Capital Partners LLC (0.37%) and Edmond DE Rothschild Holding S.A. (0.30%). Company insiders that own NetApp stock include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Ronald J Pasek and Scott R Allen.
View institutional ownership trends for NetApp.

NTAP stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., New York State Common Retirement Fund, Seizert Capital Partners LLC, SG Americas Securities LLC, Arizona State Retirement System, Optimal Asset Management Inc., OmniStar Financial Group Inc., and New York State Teachers Retirement System. Company insiders that have sold NetApp company stock in the last year include Gerald Held, Henri P Richard, Joel D Reich, and Scott R Allen.
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NTAP stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Miller Howard Investments Inc. NY, Victory Capital Management Inc., Retirement Systems of Alabama, LSV Asset Management, PGGM Investments, and Railway Pension Investments Ltd.
View insider buying and selling activity for 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.

One share of NTAP stock can currently be purchased for approximately $42.80.

NetApp has a market capitalization of $9.50 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]