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NASDAQ:NTAP

NetApp - NTAP Stock Forecast, Price & News

$64.19
+1.22 (+1.94%)
(As of 03/21/2023 12:00 AM ET)
Add
Compare
Today's Range
$63.31
$64.20
50-Day Range
$61.05
$69.05
52-Week Range
$58.08
$89.70
Volume
1.84 million shs
Average Volume
1.91 million shs
Market Capitalization
$13.73 billion
P/E Ratio
11.05
Dividend Yield
3.12%
Price Target
$76.25

NetApp MarketRank™ Forecast

Analyst Rating
Hold
2.32 Rating Score
Upside/​Downside
18.8% Upside
$76.25 Price Target
Short Interest
Healthy
2.35% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.38mentions of NetApp in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.95 M Sold Last Quarter
Proj. Earnings Growth
5.37%
From $4.28 to $4.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Computer And Technology Sector

79th out of 601 stocks

Computer Storage Devices Industry

3rd out of 5 stocks


NTAP stock logo

About NetApp (NASDAQ:NTAP) Stock

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, the 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 so

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NTAP Stock News Headlines

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Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
NetApp (NTAP) Q3 Earnings Top Estimates, Revenues Fall Y/Y
NetApp (NTAP) Q3 Earnings Top Estimates
NetApp reports third quarter of fiscal year 2023 results
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
NetApp (NTAP) to Report Q3 Earnings: Here's What to Expect
What Investors Need To Watch With NetApp's Q3 Earnings
Layoffs hit major Research Triangle employer NetApp
Workday, NetApp join chorus of tech layoffs
NetApp PT Raised to $73 at JPMorgan
NetApp's (NASDAQ:NTAP) Dividend Will Be $0.50
See More Headlines
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NTAP Company Calendar

Ex-Dividend for 1/25 Dividend
1/05/2023
Dividend Payable
1/25/2023
Last Earnings
2/22/2023
Today
3/21/2023
Ex-Dividend for 4/26 Dividend
4/05/2023
Dividend Payable
4/26/2023
Fiscal Year End
4/30/2023
Next Earnings (Estimated)
6/07/2023

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:NTAP
CUSIP
64110D10
Employees
12,000
Year Founded
1992

Price Target and Rating

Average Stock Price Forecast
$76.25
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$58.00
Forecasted Upside/Downside
+19.7%
Consensus Rating
Hold
Rating Score (0-4)
2.32
Research Coverage
22 Analysts

Profitability

Net Income
$937 million
Pretax Margin
15.85%

Debt

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$5.62 per share
Book Value
$3.77 per share

Miscellaneous

Free Float
213,349,000
Market Cap
$13.63 billion
Optionable
Optionable
Beta
1.19

Social Links


Key Executives

  • George KurianGeorge Kurian
    Chief Executive Officer & Director
  • César Cernuda Rego
    President
  • Bill Berg
    Senior Vice President-Operations
  • Michael J. BerryMichael J. Berry
    Chief Financial Officer & Executive Vice President
  • Biren Fondekar
    Chief Transformation Officer













NTAP Stock - Frequently Asked Questions

Should I buy or sell NetApp stock right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 2 sell ratings, 11 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NTAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTAP, but not buy additional shares or sell existing shares.
View NTAP analyst ratings
or view top-rated stocks.

What is NetApp's stock price forecast for 2023?

22 Wall Street analysts have issued 12-month target prices for NetApp's shares. Their NTAP share price forecasts range from $58.00 to $100.00. On average, they expect the company's stock price to reach $76.25 in the next year. This suggests a possible upside of 18.8% from the stock's current price.
View analysts price targets for NTAP
or view top-rated stocks among Wall Street analysts.

How have NTAP shares performed in 2023?

NetApp's stock was trading at $60.06 at the start of the year. Since then, NTAP shares have increased by 6.9% and is now trading at $64.19.
View the best growth stocks for 2023 here
.

Are investors shorting NetApp?

NetApp saw a decrease in short interest in February. As of February 28th, there was short interest totaling 5,010,000 shares, a decrease of 16.6% from the February 13th total of 6,010,000 shares. Based on an average trading volume of 1,780,000 shares, the short-interest ratio is presently 2.8 days. Approximately 2.4% of the company's shares are sold short.
View NetApp's Short Interest
.

When is NetApp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our NTAP earnings forecast
.

How can I listen to NetApp's earnings call?

NetApp will be holding an earnings conference call on Wednesday, February 21st at 5:00 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) released its quarterly earnings data on Wednesday, February, 22nd. The data storage provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.06. The data storage provider earned $1.53 billion during the quarter, compared to analysts' expectations of $1.61 billion. NetApp had a trailing twelve-month return on equity of 103.19% and a net margin of 19.93%. The company's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS.
Read the conference call transcript
.

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

NetApp declared a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Thursday, April 6th will be given a dividend of $0.50 per share on Wednesday, April 26th. This represents a $2.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, April 5th.
Read our dividend analysis for NTAP
.

Is NetApp a good dividend stock?

NetApp (NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.25%. The dividend payout ratio is 34.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTAP will have a dividend payout ratio of 44.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NTAP.

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

NetApp issued an update on its fourth quarter 2023 earnings guidance on Wednesday, February, 22nd. The company provided EPS guidance of $1.30-$1.40 for the period, compared to the consensus earnings per share estimate of $1.43. The company issued revenue guidance of $1.48 billion-$1.63 billion, compared to the consensus revenue estimate of $1.67 billion.

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

390 employees have rated NetApp Chief Executive Officer George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among the company's employees.

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 (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 Geode Capital Management LLC (2.14%), Boston Partners (1.09%), Morgan Stanley (1.07%), Norges Bank (1.07%), Legal & General Group Plc (0.99%) and Charles Schwab Investment Management Inc. (0.83%). Insiders that own company stock include Carrie Palin, Cesar Cernuda, George Kurian, Matthew K Fawcett, Michael J Berry, Michael J Berry and Thomas Michael Nevens.
View institutional ownership trends
.

How do I buy shares of NetApp?

Shares of NTAP stock 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 $64.19.

How much money does NetApp make?

NetApp (NASDAQ:NTAP) has a market capitalization of $13.73 billion and generates $6.32 billion in revenue each year. The data storage provider earns $937 million in net income (profit) each year or $5.81 on an earnings per share basis.

How many employees does NetApp have?

The company employs 12,000 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, Cloud Jumper LLC, CloudCheckr, CloudJumper, Clu Acquisition LLC, Cognigo, Cognigo Research Ltd, Data Mechanics Inc., Decru, Decru B.V., Engenio, Fylamynt, Greenqloud, 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 Iceland ehf., 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 R&D LLC, 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, Sonoma Holdings C.V., Sonoma Holdings LLC, Spinnaker Networks, Spot, Spotinst LLC, Spotinst Ltd., StackPointCloud, StackPointCloud LLC, Talon Storage, Talon Storage Solutions Inc., Topio, WebManage Technologies, and ionGrid.
Read More
How can I contact NetApp?

NetApp's mailing address is 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089. The official website for the company is www.netapp.com. The data storage provider can be reached via phone at (408) 822-6000, via email at investor_relations@netapp.com, or via fax at 408-822-4501.

This page (NASDAQ:NTAP) was last updated on 3/21/2023 by MarketBeat.com Staff