NASDAQ:NTAPNetApp Stock Price, Forecast & News

$46.30

+1.16 (+2.57 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$44.92

Now: $46.30▼

$46.45

50-Day Range

$38.94

MA: $42.70▼

$45.98

52-Week Range

$34.66

Now: $46.30▼

$65.38

Volume3.09 million shs

Average Volume2.49 million shs

Market Capitalization$10.24 billion

P/E Ratio10.89

Dividend Yield4.25%

Beta1.32

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. 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. has a strategic partnership with Lenovo to help customers modernize IT and enhance their digital transformation. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
NetApp has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 5 buy ratings, 16 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $56.44, NetApp has a potential upside of 21.9% from its current price of $46.30.
Amount of Analyst Coverage
NetApp has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.9 Community Rank

Outperform Votes
NetApp has received 1,028 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
NetApp has received 1,628 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
NetApp has received 61.30% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
NetApp is a leading dividend payer. It pays a dividend yield of 4.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
NetApp has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of NetApp is 47.76 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, NetApp will have a dividend payout ratio of 60.76 % next year. This indicates that NetApp will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NetApp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.33% of the stock of NetApp is held by insiders.
Percentage Held by Institutions
90.17% of the stock of NetApp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for NetApp are expected to decrease by -5.95% in the coming year, from $3.36 to $3.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NetApp is 10.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of NetApp is 10.89, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.94.
Price to Earnings Growth Ratio
NetApp has a PEG Ratio of 1.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
NetApp has a P/B Ratio of 10.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.27 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Computer storage devices

Sub-IndustryComputer Storage & Peripherals

SectorComputer and Technology

Current SymbolNASDAQ:NTAP

Previous Symbol

CUSIP64110D10

CIK1002047

Webwww.netapp.com

Phone408-822-6000

Debt

Debt-to-Equity Ratio4.06

Current Ratio1.20

Quick Ratio1.16

Price-To-Earnings

Trailing P/E Ratio10.89

Forward P/E Ratio13.78

P/E Growth1.19

Sales & Book Value

Annual Sales$6.15 billion

Price / Sales1.67

Cash Flow$5.20 per share

Price / Cash Flow8.91

Book Value$4.41 per share

Price / Book10.50

Profitability

EPS (Most Recent Fiscal Year)$4.02

Net Income$1.17 billion

Net Margins18.19%

Return on Equity123.49%

Return on Assets10.86%

Miscellaneous

Employees10,500

Outstanding Shares221,177,000

Market Cap$10.24 billion

Next Earnings Date5/27/2020 (Confirmed)

OptionableOptionable

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NetApp (NASDAQ:NTAP) Frequently Asked Questions

How has NetApp's stock been impacted by COVID-19 (Coronavirus)?

NetApp's stock was trading at $40.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NTAP stock has increased by 14.5% and is now trading at $46.30. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of NetApp?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 16 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for NetApp.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, May 27th 2020. View our earnings forecast for NetApp.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) announced its earnings results on Wednesday, February, 12th. The data storage provider reported $1.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.18 by $0.02. The data storage provider had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.47 billion. NetApp had a net margin of 18.19% and a return on equity of 123.49%. NetApp's revenue was down 10.2% on a year-over-year basis. During the same period last year, the firm earned $1.20 earnings per share. View NetApp's earnings history.

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

NetApp announced a quarterly dividend on Wednesday, February 12th. Investors of record on Friday, April 3rd will be paid a dividend of $0.48 per share on Wednesday, April 22nd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, April 2nd. View NetApp's dividend history.

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

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 earnings per share 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.

What price target have analysts set for NTAP?

24 analysts have issued 1-year price objectives for NetApp's shares. Their forecasts range from $32.00 to $85.00. On average, they expect NetApp's stock price to reach $56.44 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price. View analysts' price targets for NetApp.

Has NetApp been receiving favorable news coverage?

Headlines about NTAP stock have trended positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. NetApp earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned news articles about the data storage provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutNetApp.

Are investors shorting NetApp?

NetApp saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 8,390,000 shares, an increase of 8.4% from the March 31st total of 7,740,000 shares. Based on an average trading volume of 2,770,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 3.8% of the shares of the company are short sold. View NetApp's Current Options Chain.

Who are some of NetApp's key competitors?

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.

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

Who are NetApp's key executives?

NetApp's management team includes the following 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)

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 a number of institutional and retail investors. Top institutional investors include Primecap Management Co. CA (13.89%), Capital International Investors (11.72%), BlackRock Inc. (7.77%), State Street Corp (4.50%), Bank of New York Mellon Corp (2.51%) and American International Group Inc. (2.04%). Company insiders that own NetApp stock include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Ronald J Pasek and Scott R Allen. View institutional ownership trends for NetApp.

Which major investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Capital International Investors, Wellington Management Group LLP, American International Group Inc., Two Sigma Advisers LP, AJO LP, Los Angeles Capital Management & Equity Research Inc., and UBS Group AG. Company insiders that have sold NetApp company stock in the last year include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Ronald J Pasek, and Scott R Allen. View insider buying and selling activity for NetApp.

Which major investors are buying NetApp stock?

NTAP stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Schroder Investment Management Group, Miller Howard Investments Inc. NY, Morgan Stanley, Morgan Stanley, Hexavest Inc., Canada Pension Plan Investment Board, and KBC Group NV. View insider buying and selling activity 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 $46.30.

How big of a company is NetApp?

NetApp has a market capitalization of $10.24 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.

What is NetApp's official website?

The official website for NetApp is 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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff