NetApp Stock Forecast, Price & News

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, 12 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NetApp stock. 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.
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Wall Street analysts have given NetApp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but NetApp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, June 2nd 2021.
View our earnings forecast for NetApp.

NetApp will be holding an earnings conference call on Wednesday, June 2nd 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) issued its quarterly earnings data on Wednesday, February, 24th. The data storage provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The data storage provider earned $1.47 billion during the quarter, compared to analysts' expectations of $1.43 billion. NetApp had a trailing twelve-month return on equity of 263.77% and a net margin of 12.44%. During the same period in the prior year, the firm earned $1.16 earnings per share.
View NetApp's earnings history.

NetApp's stock was trading at $40.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NTAP shares have increased by 94.1% and is now trading at $78.50.
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NetApp declared a quarterly dividend on Wednesday, February 24th. Investors of record on Friday, April 9th will be paid a dividend of $0.48 per share on Wednesday, April 28th. This represents a $1.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, April 8th.
View NetApp's dividend history.

NetApp pays an annual dividend of $1.92 per share and currently has a dividend yield of 2.51%. The dividend payout ratio of NetApp is 54.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 48.73% next year. This indicates that NetApp will be able to sustain or increase its dividend.
View NetApp's dividend history.

NetApp issued an update on its fourth quarter earnings guidance on Wednesday, February, 24th. The company provided EPS guidance of $1.06 to $1.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.10. The company issued revenue guidance of $1.44 billion to $1.54 billion, compared to the consensus revenue estimate of $1.47 billion.

24 analysts have issued 12-month price targets for NetApp's stock. Their forecasts range from $39.00 to $92.00. On average, they expect NetApp's stock price to reach $64.37 in the next twelve months. This suggests that the stock has a possible downside of 18.0%.
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390 employees have rated NetApp CEO George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among NetApp's employees.

Some companies that are related to NetApp include Seagate Technology (STX), Western Digital (WDC), Pure Storage (PSTG), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
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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), Alibaba Group (BABA), Cisco Systems (CSCO), Netflix (NFLX), Micron Technology (MU), salesforce.com (CRM), Adobe (ADBE) and Tesla (TSLA).

NetApp trades on the NASDAQ under the ticker symbol "NTAP."

NetApp's stock is owned by a number of institutional and retail investors. Top institutional investors include Capital International Investors (11.64%), Primecap Management Co. CA (11.64%), BlackRock Inc. (7.87%), Geode Capital Management LLC (1.88%), Boston Partners (1.65%) and Ninety One UK Ltd (1.57%). Company insiders that own NetApp stock include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Michael J Berry, Ronald J Pasek, Scott R Allen and Thomas Michael Nevens.
View institutional ownership trends for NetApp.

NTAP stock was sold by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Capital International Investors, Renaissance Technologies LLC, Miller Howard Investments Inc. NY, American International Group Inc., Russell Investments Group Ltd., Brandywine Global Investment Management LLC, and Todd Asset Management LLC.
View insider buying and selling activity for NetApp or view top insider-selling stocks.

NTAP stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Ninety One UK Ltd, BlackRock Inc., Los Angeles Capital Management LLC, Railway Pension Investments Ltd, Prudential Financial Inc., Geode Capital Management LLC, and Lord Abbett & CO. LLC.
View insider buying and selling activity for NetApp or or view top insider-buying stocks.

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.
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One share of NTAP stock can currently be purchased for approximately $78.50.

NetApp has a market capitalization of $17.47 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 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.

NetApp was founded in 1992.

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

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

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]