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NASDAQ:NTAP

NetApp Stock Forecast, Price & News

$53.56
+1.67 (+3.22 %)
(As of 11/23/2020 12:00 AM ET)
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Today's Range
$52.02
Now: $53.56
$53.70
50-Day Range
$42.29
MA: $47.11
$51.98
52-Week Range
$34.66
Now: $53.56
$65.38
Volume1.46 million shs
Average Volume2.57 million shs
Market Capitalization$11.89 billion
P/E Ratio15.44
Dividend Yield3.70%
Beta1.28
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 Sync, NetApp Cloud Tiering, NetApp Global File Cache, NetApp SaaS Backup, NetApp Cloud Manager, NetApp Fabric Orchestrator, and NetApp Cloud Insights. It also provides hybrid cloud solutions, such as NetApp ONTAP Storage Operating System, NetApp AFF A-series, NetApp AFF C190, NetApp FAS Series, FlexPod, NetApp ONTAP Select, NetApp MAX Data, NetApp Data Availability Services, NetApp SnapCenter Backup Management Software, NetApp SnapMirror Data Replication Software, NetApp SnapLock Data Compliance Software, NetApp StorageGRID Object Storage Software, NetApp Element Operating System, NetApp SolidFire, NetApp HCI, NetApp SANtricity Storage Operating System, NetApp EF-Series, NetApp E-Series, NetApp Active IQ Predictive Analytics and Support, NetApp OnCommand Insight, and NetApp OnCommand Workflow Automation. Further, it provides software maintenance, hardware maintenance, and other services, including professional services, global support solutions, and customer education and training. It serves the energy, financial services, government, high technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners. NetApp has strategic partnership with Fujitsu for data management infrastructure. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.89 out of 5 stars


Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
Current SymbolNASDAQ:NTAP
CUSIP64110D10
Phone408-822-6000
Employees10,800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.41 billion
Cash Flow$5.45 per share
Book Value$1.09 per share

Profitability

Net Income$819 million

Miscellaneous

Market Cap$11.89 billion
Next Earnings Date12/1/2020 (Confirmed)
OptionableOptionable
$53.56
+1.67 (+3.22 %)
(As of 11/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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NetApp (NASDAQ:NTAP) Frequently Asked Questions

How has NetApp's stock price been impacted by Coronavirus?

NetApp's stock was trading at $40.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NTAP shares have increased by 32.4% and is now trading at $53.56.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of NetApp?

23 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for NetApp
.

What stocks does MarketBeat like better than NetApp?

Wall Street analysts have given NetApp a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but NetApp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Tuesday, December 1st 2020.
View our earnings forecast for NetApp
.

How can I listen to NetApp's earnings call?

NetApp will be holding an earnings conference call on Tuesday, December 1st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) posted its earnings results on Wednesday, August, 26th. The data storage provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.32. The data storage provider had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.15 billion. NetApp had a return on equity of 240.01% and a net margin of 14.47%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.65 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, August 26th. Investors of record on Friday, October 9th will be given a dividend of $0.48 per share on Wednesday, October 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Thursday, October 8th.
View NetApp's dividend history
.

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

NetApp issued an update on its second quarter earnings guidance on Wednesday, August, 26th. The company provided earnings per share guidance of $0.66-0.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.77. The company issued revenue guidance of $1.225-1.375 billion, compared to the consensus revenue estimate of $1.24 billion.

What price target have analysts set for NTAP?

23 analysts have issued 12 month price targets for NetApp's shares. Their forecasts range from $38.00 to $74.00. On average, they expect NetApp's share price to reach $51.35 in the next year. This suggests that the stock has a possible downside of 4.1%.
View analysts' price targets for NetApp
.

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), Intel (INTC), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), Netflix (NFLX), Micron Technology (MU), salesforce.com (CRM), Adobe (ADBE) and Tesla (TSLA).

Who are NetApp's key executives?

NetApp's management team includes the following people:
  • Mr. George Kurian, CEO & Director (Age 53, Pay $960k)
  • Mr. Michael J. Berry, Exec. VP, CFO & Principal Accounting Officer (Age 57, Pay $144.92k)
  • Mr. Matthew K. Fawcett, Sr. VP, Chief Compliance Officer, Gen. Counsel & Sec. (Age 52, Pay $556.88k)
  • Mr. Bradley R. Anderson, Exec. VP and GM Hybrid Cloud Services & NetApp Foundational Data Services Bus. Unit (Age 61, Pay $552.27k)
  • Mr. Cesar Cernuda Rego, Pres
  • Mr. Jeffrey K. Bergmann, VP of Corp. Fin.
  • Mr. William H. Miller Jr., Sr. VP & Chief Information Officer
  • Ms. Kris Newton, VP of Corp. Communications & Investor Relations
  • Mr. James D. Whitemore, Sr. VP & Chief Marketing Officer (Age 55)
  • Ms. Debra Charlotte McCowan, Sr. VP & Chief HR Officer (Age 48)

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.15%), State Street Corp (4.61%), American International Group Inc. (1.65%), First Trust Advisors LP (1.57%), Prudential PLC (0.86%) and Charles Schwab Investment Management Inc. (0.69%). Company insiders that own NetApp stock include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Ronald J Pasek, Scott R Allen 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 First Trust Advisors LP, Allianz Asset Management GmbH, Morgan Stanley, American International Group Inc., BlackRock Inc., Voloridge Investment Management LLC, MUFG Securities EMEA plc, and Arrowstreet Capital Limited Partnership. Company insiders that have sold NetApp company stock in the last year include Henri P Richard, Scott R Allen, and Thomas Michael Nevens.
View insider buying and selling activity for NetApp
.

Which institutional investors are buying NetApp stock?

NTAP stock was acquired by a variety of institutional investors in the last quarter, including Prudential PLC, Natixis, PGGM Investments, Charles Schwab Investment Management Inc., Lord Abbett & CO. LLC, State Street Corp, Miller Howard Investments Inc. NY, and Crossmark Global Holdings Inc..
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 $53.56.

How big of a company is NetApp?

NetApp has a market capitalization of $11.89 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.

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 11/24/2020 by MarketBeat.com Staff

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