S&P 500   4,136.80 (-0.20%)
DOW   32,792.94 (-0.03%)
QQQ   322.51 (+0.24%)
AAPL   165.73 (+0.23%)
MSFT   282.27 (-0.23%)
META   172.59 (+3.28%)
GOOGL   118.25 (+0.66%)
AMZN   140.31 (-0.35%)
TSLA   903.20 (+4.48%)
NVDA   173.59 (-8.58%)
NIO   20.44 (+1.09%)
BABA   91.57 (-1.07%)
AMD   98.78 (-3.45%)
MU   61.36 (-1.76%)
T   18.17 (-0.98%)
CGC   3.14 (+16.30%)
GE   75.36 (+1.34%)
F   15.76 (+3.01%)
DIS   109.77 (+2.94%)
AMC   25.45 (+14.74%)
PYPL   96.53 (+1.27%)
PFE   49.55 (+0.57%)
NFLX   235.48 (+3.84%)
S&P 500   4,136.80 (-0.20%)
DOW   32,792.94 (-0.03%)
QQQ   322.51 (+0.24%)
AAPL   165.73 (+0.23%)
MSFT   282.27 (-0.23%)
META   172.59 (+3.28%)
GOOGL   118.25 (+0.66%)
AMZN   140.31 (-0.35%)
TSLA   903.20 (+4.48%)
NVDA   173.59 (-8.58%)
NIO   20.44 (+1.09%)
BABA   91.57 (-1.07%)
AMD   98.78 (-3.45%)
MU   61.36 (-1.76%)
T   18.17 (-0.98%)
CGC   3.14 (+16.30%)
GE   75.36 (+1.34%)
F   15.76 (+3.01%)
DIS   109.77 (+2.94%)
AMC   25.45 (+14.74%)
PYPL   96.53 (+1.27%)
PFE   49.55 (+0.57%)
NFLX   235.48 (+3.84%)
S&P 500   4,136.80 (-0.20%)
DOW   32,792.94 (-0.03%)
QQQ   322.51 (+0.24%)
AAPL   165.73 (+0.23%)
MSFT   282.27 (-0.23%)
META   172.59 (+3.28%)
GOOGL   118.25 (+0.66%)
AMZN   140.31 (-0.35%)
TSLA   903.20 (+4.48%)
NVDA   173.59 (-8.58%)
NIO   20.44 (+1.09%)
BABA   91.57 (-1.07%)
AMD   98.78 (-3.45%)
MU   61.36 (-1.76%)
T   18.17 (-0.98%)
CGC   3.14 (+16.30%)
GE   75.36 (+1.34%)
F   15.76 (+3.01%)
DIS   109.77 (+2.94%)
AMC   25.45 (+14.74%)
PYPL   96.53 (+1.27%)
PFE   49.55 (+0.57%)
NFLX   235.48 (+3.84%)
S&P 500   4,136.80 (-0.20%)
DOW   32,792.94 (-0.03%)
QQQ   322.51 (+0.24%)
AAPL   165.73 (+0.23%)
MSFT   282.27 (-0.23%)
META   172.59 (+3.28%)
GOOGL   118.25 (+0.66%)
AMZN   140.31 (-0.35%)
TSLA   903.20 (+4.48%)
NVDA   173.59 (-8.58%)
NIO   20.44 (+1.09%)
BABA   91.57 (-1.07%)
AMD   98.78 (-3.45%)
MU   61.36 (-1.76%)
T   18.17 (-0.98%)
CGC   3.14 (+16.30%)
GE   75.36 (+1.34%)
F   15.76 (+3.01%)
DIS   109.77 (+2.94%)
AMC   25.45 (+14.74%)
PYPL   96.53 (+1.27%)
PFE   49.55 (+0.57%)
NFLX   235.48 (+3.84%)
NASDAQ:NTAP

NetApp - NTAP Stock Forecast, Price & News

$72.23
-0.14 (-0.19%)
(As of 08/8/2022 12:04 PM ET)
Add
Compare
Today's Range
$72.11
$73.03
50-Day Range
$62.78
$73.05
52-Week Range
$61.26
$96.82
Volume
23,082 shs
Average Volume
1.86 million shs
Market Capitalization
$15.87 billion
P/E Ratio
17.62
Dividend Yield
2.76%
Price Target
$91.55

NetApp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
26.1% Upside
$91.55 Price Target
Short Interest
Healthy
2.50% 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 2 Articles This Week
Insider Trading
Selling Shares
$1.89 M Sold Last Quarter
Proj. Earnings Growth
12.13%
From $4.45 to $4.99 Per Share

Overall MarketRank

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

3.07 out of 5 stars

Computer And Technology Sector

30th out of 833 stocks

Computer Storage Devices Industry

1st 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.

NetApp Stock Performance

NASDAQ:NTAP opened at $72.37 on Monday. The stock's 50-day simple moving average is $67.61 and its 200 day simple moving average is $76.04. The firm has a market capitalization of $15.90 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The company has a quick ratio of 1.45, a current ratio of 1.50 and a debt-to-equity ratio of 2.85. NetApp has a twelve month low of $61.26 and a twelve month high of $96.82.

NetApp (NASDAQ:NTAP - Get Rating) last posted its quarterly earnings data on Wednesday, June 1st. The data storage provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.17. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. NetApp had a return on equity of 127.40% and a net margin of 14.83%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share. On average, analysts anticipate that NetApp will post 4.45 EPS for the current fiscal year.

NetApp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Friday, July 8th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, July 7th. This represents a $2.00 annualized dividend and a yield of 2.76%. NetApp's dividend payout ratio (DPR) is currently 48.78%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Raymond James dropped their price objective on shares of NetApp from $104.00 to $94.00 in a report on Thursday, June 2nd. UBS Group lowered their price objective on shares of NetApp from $91.00 to $78.00 and set a "neutral" rating on the stock in a research note on Friday, July 29th. Morgan Stanley decreased their target price on shares of NetApp from $91.00 to $88.00 and set an "equal weight" rating for the company in a report on Thursday, June 2nd. Evercore ISI decreased their price target on shares of NetApp from $85.00 to $71.00 and set an "in-line" rating for the company in a report on Tuesday, June 28th. Finally, OTR Global upgraded shares of NetApp to a "positive" rating in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.55.

Insider Buying and Selling

In other NetApp news, President Cesar Cernuda sold 18,000 shares of the business's stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $64.68, for a total value of $1,164,240.00. Following the transaction, the president now owns 61,075 shares of the company's stock, valued at $3,950,331. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other NetApp news, CEO George Kurian sold 2,125 shares of the company's stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $66.95, for a total value of $142,268.75. Following the transaction, the chief executive officer now directly owns 156,129 shares in the company, valued at approximately $10,452,836.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Cesar Cernuda sold 18,000 shares of the company's stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $64.68, for a total value of $1,164,240.00. Following the completion of the transaction, the president now owns 61,075 shares in the company, valued at $3,950,331. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,625 shares of company stock worth $1,889,651. 0.26% of the stock is owned by corporate insiders.

Receive NTAP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for NetApp and its competitors with MarketBeat's FREE daily newsletter.

NTAP Stock News Headlines

NetApp (NASDAQ:NTAP) PT Lowered to $78.00 at UBS Group
NetApp (NASDAQ:NTAP) Upgraded to "Buy" at StockNews.com
NetApp (NASDAQ:NTAP) Downgraded by StockNews.com
See More Headlines
Receive NTAP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for NetApp and its competitors with MarketBeat's FREE daily newsletter.

NTAP Company Calendar

Last Earnings
6/01/2022
Ex-Dividend for 7/27 Dividend
7/07/2022
Dividend Payable
7/27/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/24/2022
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
$91.55
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$71.00
Forecasted Upside/Downside
+26.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
22 Analysts

Profitability

Net Income
$937 million
Pretax Margin
17.33%

Debt

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$5.41 per share
Book Value
$3.77 per share

Miscellaneous

Free Float
219,164,000
Market Cap
$15.87 billion
Optionable
Optionable
Beta
1.22

Social Links















NTAP Stock - Frequently Asked Questions

Should I buy or sell NetApp stock right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 8 hold ratings and 13 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.

What is NetApp's stock price forecast for 2022?

22 brokerages have issued 1-year target prices for NetApp's shares. Their NTAP stock forecasts range from $71.00 to $120.00. On average, they expect NetApp's share price to reach $91.55 in the next year. This suggests a possible upside of 26.5% from the stock's current price.
View analysts' price targets for NetApp
or view top-rated stocks among Wall Street analysts.

How has NetApp's stock performed in 2022?

NetApp's stock was trading at $91.99 at the start of the year. Since then, NTAP stock has decreased by 21.3% and is now trading at $72.37.
View the best growth stocks for 2022 here
.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
View our earnings forecast for NetApp
.

How can I listen to NetApp's earnings call?

NetApp will be holding an earnings conference call on Wednesday, August 24th 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) posted its earnings results on Wednesday, June, 1st. The data storage provider reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.17. The data storage provider had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.68 billion. NetApp had a trailing twelve-month return on equity of 127.40% and a net margin of 14.83%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share.
Read NetApp's conference call transcript
.

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

NetApp declared a quarterly dividend on Wednesday, June 1st. Stockholders of record on Friday, July 8th will be given a dividend of $0.50 per share on Wednesday, July 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, July 7th.
View NetApp's dividend history
.

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 2.76%. The dividend payout ratio of NetApp is 48.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 40.08% 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 2023 earnings guidance on Wednesday, June, 29th. The company provided earnings per share (EPS) guidance of $5.40-$5.60 for the period, compared to the consensus estimate of $5.42. The company issued revenue guidance of $6.70 billion-$6.82 billion, compared to the consensus revenue estimate of $6.77 billion.

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.

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 many different retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.35%), Ardevora Asset Management LLP (0.34%), Miller Howard Investments Inc. NY (0.33%), Robeco Institutional Asset Management B.V. (0.32%) and AustralianSuper Pty Ltd (0.31%). Company insiders that own NetApp stock include Carrie Palin, Cesar Cernuda, George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Michael J Berry, Michael J Berry, Scott R Allen and Thomas Michael Nevens.
View institutional ownership trends for NetApp
.

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 $72.37.

How much money does NetApp make?

NetApp (NASDAQ:NTAP) has a market capitalization of $15.90 billion and generates $6.32 billion in revenue each year. The data storage provider earns $937 million in net income (profit) each year or $4.10 on an earnings per share basis.

How many employees does NetApp have?

NetApp 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

When was NetApp founded?

NetApp was founded in 1992.

How can I contact NetApp?

NetApp's mailing address is 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089. The official website for NetApp 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 8/8/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.