S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NASDAQ:NTAP

NetApp Stock Forecast, Price & News

$88.32
-1.46 (-1.63%)
(As of 11/26/2021 12:00 AM ET)
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Today's Range
$87.16
$89.18
50-Day Range
$86.00
$94.42
52-Week Range
$52.33
$94.69
Volume
1.08 million shs
Average Volume
1.65 million shs
Market Capitalization
$19.75 billion
P/E Ratio
23.55
Dividend Yield
2.23%
Beta
1.23
30 days | 90 days | 365 days | Advanced Chart
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NetApp logo

About NetApp

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; 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 softwa

Headlines

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Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:NTAP
CUSIP
64110D10
Employees
10,800
Year Founded
1992

Sales & Book Value

Annual Sales
$5.74 billion
Cash Flow
$4.11 per share
Book Value
$3.08 per share

Profitability

Net Income
$730 million
Pretax Margin
18.56%

Debt

Price-To-Earnings

Miscellaneous

Free Float
223,003,000
Market Cap
$19.75 billion
Optionable
Optionable

Company Calendar

Last Earnings
8/24/2021
Ex-Dividend
10/07/2021
Dividend Payable
10/27/2021
Today
11/27/2021
Next Earnings (Confirmed)
11/30/2021
Fiscal Year End
4/30/2022

Social Links


MarketRank

Overall MarketRank

2.38 out of 5 stars

Computer And Technology Sector

206th out of 891 stocks

Computer Storage Devices Industry

3rd out of 6 stocks

Analyst Opinion: 1.3Community Rank: 3.7Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












NetApp (NASDAQ:NTAP) Frequently Asked Questions

Is NetApp a buy right now?

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 9 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NetApp stock.
View analyst ratings for NetApp
or view top-rated stocks.

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

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 (WHO). Since then, NTAP stock has increased by 118.3% and is now trading at $88.32.
View which stocks have been most impacted by COVID-19
.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Tuesday, November 30th 2021.
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, November 30th at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) issued its earnings results on Tuesday, August, 24th. The data storage provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.95 by $0.20. The data storage provider had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.43 billion. NetApp had a net margin of 14.49% and a trailing twelve-month return on equity of 151.60%. The firm's quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share.
View NetApp's earnings history
.

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

NetApp declared a quarterly dividend on Wednesday, August 25th. Investors of record on Friday, October 8th will be paid a dividend of $0.50 per share on Wednesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, October 7th.
View NetApp's dividend history
.

Is NetApp a good dividend stock?

NetApp pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.23%. The dividend payout ratio of NetApp is 53.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 42.64% next year. This indicates that NetApp will be able to sustain or increase its dividend.
View NetApp's dividend history.

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

NetApp updated its FY 2022 earnings guidance on Wednesday, September, 22nd. The company provided earnings per share (EPS) guidance of $4.850-$5.050 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.590. The company issued revenue guidance of $6.20 billion-$6.26 billion, compared to the consensus revenue estimate of $6.13 billion.

What price target have analysts set for NTAP?

24 brokerages have issued 12 month price targets for NetApp's shares. Their forecasts range from $56.00 to $120.00. On average, they anticipate NetApp's share price to reach $90.40 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price.
View analysts' price targets for NetApp
or view top-rated stocks among Wall Street analysts.

Who are NetApp's key executives?

NetApp's management team includes the following people:
  • George Kurian, Chief Executive Officer & Director
  • César Cernuda Rego, President
  • Bill Berg, Senior Vice President-Operations
  • Michael J. Berry, Chief Financial Officer & Executive Vice President
  • Biren Fondekar, Chief Transformation Officer

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

390 employees have rated NetApp CEO George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among NetApp's employees.

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).

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 Primecap Management Co. CA (9.31%), BlackRock Inc. (8.37%), Wellington Management Group LLP (2.14%), Geode Capital Management LLC (2.05%), Bank of New York Mellon Corp (1.76%) and Boston Partners (1.67%). Company insiders that own NetApp stock include Carrie Palin, Cesar Cernuda, George Kurian, Henri P Richard, Michael J Berry, 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 American International Group Inc., Primecap Management Co. CA, Los Angeles Capital Management LLC, Millennium Management LLC, Crossmark Global Holdings Inc., Janus Henderson Group PLC, Voloridge Investment Management LLC, and Deutsche Bank AG. Company insiders that have sold NetApp company stock in the last year include Carrie Palin, Cesar Cernuda, George Kurian, and Thomas Michael Nevens.
View insider buying and selling activity for NetApp
or view top insider-selling stocks.

Which institutional investors are buying NetApp stock?

NTAP stock was bought by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, BlackRock Inc., Wedge Capital Management L L P NC, Two Sigma Advisers LP, Goldman Sachs Group Inc., Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, and Wellington Management Group LLP.
View insider buying and selling activity for NetApp
or or view top insider-buying stocks.

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 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 $88.32.

How much money does NetApp make?

NetApp has a market capitalization of $19.75 billion and generates $5.74 billion in revenue each year. The data storage provider earns $730 million in net income (profit) each year or $3.75 on an earnings per share basis.

How many employees does NetApp have?

NetApp employs 10,800 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, CloudJumper, Clu Acquisition LLC, Cognigo, Decru, Decru B.V., Engenio, Greenqloud, Greenqloud ehf., 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 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 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, SolidFire LLC, Sonoma Holdings C.V., Sonoma Holdings LLC, Spinnaker Networks, Spot, StackPointCloud, Talon Storage, Topio, WebManage Technologies, and ionGrid.

When was NetApp founded?

NetApp was founded in 1992.

What is NetApp's official website?

The official website for NetApp is www.netapp.com.

Where are NetApp's headquarters?

NetApp is headquartered at 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089.

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, via email at [email protected], or via fax at 408-822-4501.


This page was last updated on 11/27/2021 by MarketBeat.com Staff

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