NASDAQ:NTAPNetApp Stock Price, Forecast & News

NetApp's stock was trading at $40.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NTAP stock has increased by 9.2% and is now trading at $44.17.
View which stocks have been most impacted by COVID-19.

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."
View analyst ratings for NetApp.

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020.
View our earnings forecast for NetApp.

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) issued its earnings results on Wednesday, May, 27th. The data storage provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.04 by $0.15. The data storage provider earned $1.40 billion during 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 business's revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.22 earnings per share.
View NetApp's earnings history.

NetApp announced a quarterly dividend on Wednesday, May 27th. Shareholders 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 dividend yield of 4.35%. 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 EPS guidance of $0.36-0.44 for the period, compared to the Thomson Reuters consensus EPS 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 analysts have issued 12-month target prices for NetApp's shares. Their forecasts range from $34.00 to $75.00. On average, they expect NetApp's share price to reach $51.29 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
View analysts' price targets for NetApp.

News coverage about NTAP stock has trended neutral recently, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NetApp earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned news headlines 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 few days.
View the latest news about NetApp.

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), QUALCOMM (QCOM), Cisco Systems (CSCO), Netflix (NFLX), Micron Technology (MU), Alibaba Group (BABA), salesforce.com (CRM), Twitter (TWTR) and Adobe (ADBE).

NetApp trades on the NASDAQ under the ticker symbol "NTAP."

NetApp's stock is owned by many different institutional and retail 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, Thompson Siegel & Walmsley LLC, Optimal Asset Management Inc., and Amalgamated Bank. 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.
View insider buying and selling activity for NetApp.

NTAP stock was purchased 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 $44.17.

NetApp has a market capitalization of $9.80 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]