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NASDAQ:NTAP

NetApp - NTAP Stock Forecast, Price & News

$62.93
-0.15 (-0.24%)
(As of 12/7/2022 12:22 PM ET)
Add
Compare
Today's Range
$62.40
$63.29
50-Day Range
$61.85
$74.66
52-Week Range
$60.56
$96.82
Volume
15,816 shs
Average Volume
1.60 million shs
Market Capitalization
$13.57 billion
P/E Ratio
9.52
Dividend Yield
3.09%
Price Target
$79.90

NetApp MarketRank™ Forecast

Analyst Rating
Hold
2.48 Rating Score
Upside/​Downside
27.2% Upside
$79.90 Price Target
Short Interest
Healthy
2.62% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
-0.11mentions of NetApp in the last 14 days
Based on 59 Articles This Week
Insider Trading
Selling Shares
$1.26 M Sold Last Quarter
Proj. Earnings Growth
10.53%
From $4.37 to $4.83 Per Share

Overall MarketRank

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

3.06 out of 5 stars

Computer And Technology Sector

91st out of 627 stocks

Computer Storage Devices Industry

3rd out of 5 stocks

NTAP stock logo

About NetApp (NASDAQ:NTAP) Stock

NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense, and NetApp Cloud Volumes Edge Cache; and cloud operations services, such as NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco, and Spot CloudCheckr. In addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

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NTAP Stock News Headlines

Dark Clouds Are Gathering For Cloud Stocks 
Dark clouds have appeared on the horizon for cloud stocks and they could bring a storm to the market ... but some analysts say this is an opportunity.
NetApp (NASDAQ:NTAP) Will Pay A Dividend Of $0.50
NetApp (NASDAQ:NTAP) Downgraded to Hold at Loop Capital
FY2023 EPS Estimates for NetApp, Inc. Cut by Analyst (NASDAQ:NTAP)
Citigroup Cuts NetApp (NASDAQ:NTAP) Price Target to $110.00
Morgan Stanley Trims NetApp (NASDAQ:NTAP) Target Price to $66.00
Cowen Trims NetApp (NASDAQ:NTAP) Target Price to $80.00
Susquehanna Lowers NetApp (NASDAQ:NTAP) Price Target to $65.00
NetApp (NASDAQ:NTAP) PT Lowered to $70.00
Barclays Lowers NetApp (NASDAQ:NTAP) Price Target to $83.00
NetApp (NASDAQ:NTAP) Given New $80.00 Price Target at Cowen
NetApp (NASDAQ:NTAP) Price Target Cut to $70.00
NetApp (NASDAQ:NTAP) Price Target Cut to $65.00
NetApp (NASDAQ:NTAP) PT Lowered to $78.00
See More Headlines
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NTAP Company Calendar

Ex-Dividend for 10/26 Dividend
10/06/2022
Dividend Payable
10/26/2022
Last Earnings
11/29/2022
Today
12/07/2022
Ex-Dividend for 1/25 Dividend
1/05/2023
Dividend Payable
1/25/2023
Fiscal Year End
4/30/2023

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
$79.90
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+27.0%
Consensus Rating
Hold
Rating Score (0-4)
2.48
Research Coverage
21 Analysts

Profitability

Net Income
$937 million
Pretax Margin
17.61%

Debt

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$5.27 per share
Book Value
$5.58 per share

Miscellaneous

Free Float
215,013,000
Market Cap
$13.57 billion
Optionable
Optionable
Beta
1.17

Social Links


Key Executives

  • Mr. George KurianMr. George Kurian (Age 55)
    CEO & Director
    Comp: $3.14M
  • Mr. Cesar Cernuda RegoMr. Cesar Cernuda Rego (Age 50)
    Pres
    Comp: $1.99M
  • Mr. Michael J. BerryMr. Michael J. Berry (Age 59)
    Exec. VP & CFO
    Comp: $1.45M
  • Ms. Elizabeth M. O'Callahan (Age 53)
    Exec. VP, Chief Legal Officer & Corp. Sec.
    Comp: $909.95k
  • Mr. Matthew K. FawcettMr. Matthew K. Fawcett (Age 54)
    Exec. VP & Chief Strategy Officer
    Comp: $1.09M
  • Mr. Harvinder S. Bhela (Age 50)
    Exec. VP & Chief Product Officer
    Comp: $1.48M
  • Mr. Robert Parks
    VP & Chief Accounting Officer
  • Mr. William H. Miller Jr.
    Sr. VP & Chief Information Officer
  • Ms. Kris Newton
    VP of Corp. Communications & Investor Relations
  • Mr. James D. Whitemore (Age 57)
    Exec. VP & Chief Marketing Officer













NTAP Stock - Frequently Asked Questions

Should I buy or sell NetApp stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 9 hold ratings and 11 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?

21 brokers have issued 12 month target prices for NetApp's shares. Their NTAP share price forecasts range from $65.00 to $110.00. On average, they anticipate the company's stock price to reach $79.90 in the next year. This suggests a possible upside of 26.7% 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 2022?

NetApp's stock was trading at $91.99 at the beginning of the year. Since then, NTAP shares have decreased by 31.4% and is now trading at $63.08.
View the best growth stocks for 2022 here
.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) posted its quarterly earnings results on Tuesday, November, 29th. The data storage provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. The data storage provider had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.67 billion. NetApp had a net margin of 22.52% and a trailing twelve-month return on equity of 115.30%.
Read the conference call transcript
.

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

NetApp announced a quarterly dividend on Tuesday, November 29th. Investors of record on Friday, January 6th will be given a dividend of $0.50 per share on Wednesday, January 25th. This represents a $2.00 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, January 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 3.09%. The dividend payout ratio is 30.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTAP will have a dividend payout ratio of 41.41% 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 FY23 earnings guidance on Tuesday, November, 29th. The company provided earnings per share guidance of $5.30-5.50 for the period, compared to the consensus EPS estimate of $5.50. The company issued revenue guidance of $6.44-6.57 billion, compared to the consensus revenue estimate of $6.76 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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.23%), BlackRock Inc. (8.09%), Primecap Management Co. CA (7.57%), State Street Corp (4.24%), Bank of New York Mellon Corp (1.74%) and Beutel Goodman & Co Ltd. (1.17%). Insiders that own company stock include Carrie Palin, Cesar Cernuda, George Kurian, Henri P Richard, Matthew K Fawcett, Michael J Berry, Michael J Berry, Scott R Allen 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 $63.08.

How much money does NetApp make?

NetApp (NASDAQ:NTAP) has a market capitalization of $13.60 billion and generates $6.32 billion in revenue each year. The data storage provider earns $937 million in net income (profit) each year or $6.61 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 12/7/2022 by MarketBeat.com Staff