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 (WHO). Since then, NTAP stock has increased by 7.0% and is now trading at $43.28.
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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) released its quarterly earnings results on Wednesday, May, 27th. The data storage provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.15. The data storage provider had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.37 billion. NetApp had a return on equity of 168.65% and a net margin of 15.13%. The firm's revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 EPS.
View NetApp's earnings history.

NetApp declared a quarterly dividend on Wednesday, May 27th. Stockholders of record on Friday, July 10th will be paid a dividend of $0.48 per share on Wednesday, July 29th. This represents a $1.92 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Thursday, July 9th.
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NetApp issued an update on its first quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share 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 analysts have issued 1-year 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 18.5% from the stock's current price.
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News articles about NTAP stock have trended negative recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing 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 positive five, with scores nearest to five being the most favorable. NetApp earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave media stories about the data storage provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
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NetApp saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,990,000 shares, an increase of 32.7% from the April 30th total of 8,280,000 shares. Based on an average trading volume of 2,530,000 shares, the short-interest ratio is currently 4.3 days. Approximately 5.0% of the company's shares are short sold.
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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), 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 a number of retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (2.51%), First Trust Advisors LP (2.07%), American International Group Inc. (1.81%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), Miller Howard Investments Inc. NY (0.42%) and Swiss National Bank (0.39%). 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 American International Group Inc., Hexavest Inc., New York State Common Retirement Fund, Seizert Capital Partners LLC, Bank of Montreal Can, Spark Investment Management LLC, SG Americas Securities LLC, and Arizona State 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.
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., MUFG Securities EMEA plc, Miller Howard Investments Inc. NY, Marshall Wace North America L.P., Victory Capital Management Inc., Retirement Systems of Alabama, and LSV Asset Management.
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 $43.28.

NetApp has a market capitalization of $9.61 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]