NASDAQ:NTAP - NetApp Stock Price, News, & Analysis

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

NetApp announced a quarterly dividend on Wednesday, February 13th. Shareholders of record on Friday, April 5th will be given a dividend of $0.40 per share on Wednesday, April 24th. This represents a $1.60 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, April 4th. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) issued its quarterly earnings data on Wednesday, February, 13th. The data storage provider reported $1.20 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.15 by $0.05. The data storage provider had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.60 billion. NetApp had a net margin of 16.85% and a return on equity of 55.33%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business earned $0.99 earnings per share. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, May 22nd 2019. View Earnings Estimates for NetApp.

NetApp updated its fourth quarter earnings guidance on Wednesday, February, 13th. The company provided earnings per share guidance of $1.22-1.28 for the period, compared to the Thomson Reuters consensus estimate of $1.25. The company issued revenue guidance of $1.59-1.69 billion, compared to the consensus revenue estimate of $1.70 billion.NetApp also updated its Q4 2019 guidance to $1.22-1.28 EPS.

28 Wall Street analysts have issued 1-year target prices for NetApp's shares. Their forecasts range from $43.00 to $100.00. On average, they expect NetApp's stock price to reach $77.6646 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price. View Analyst Price Targets for NetApp.

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 4 sell ratings, 8 hold ratings, 15 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

News headlines about NTAP stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing 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 coverage optimism score of -1.4 on InfoTrie's scale. They also gave news coverage about the data storage provider a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days.

NetApp saw a decrease in short interest in January. As of January 15th, there was short interest totalling 13,649,877 shares, a decrease of 17.3% from the December 31st total of 16,501,885 shares. Based on an average daily trading volume, of 2,342,068 shares, the days-to-cover ratio is currently 5.8 days. Approximately 5.4% of the company's shares are sold short. View NetApp's Current Options Chain.

Some companies that are related to NetApp include Western Digital (WDC), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QMCO) and Quantum (QTM).

NetApp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.55%), Boston Partners (2.66%), Oregon Public Employees Retirement Fund (2.40%), Geode Capital Management LLC (1.62%), Bank of New York Mellon Corp (1.42%) and Northern Trust Corp (1.30%). Company insiders that own NetApp stock include Alan L Earhart, George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Jeffry R Allen, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace 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 MERIAN GLOBAL INVESTORS UK Ltd, Investec Asset Management LTD, Lord Abbett & CO. LLC, Millennium Management LLC, Two Sigma Advisers LP, Bank of America Corp DE, Los Angeles Capital Management & Equity Research Inc. and Dana Investment Advisors Inc.. Company insiders that have sold NetApp company stock in the last year include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill and Matthew K Fawcett. View Insider Buying and Selling for NetApp.

NTAP stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Bank of New York Mellon Corp, First Trust Advisors LP, State of Tennessee Treasury Department, Korea Investment CORP, Duality Advisers LP, Nordea Investment Management AB and Boston Partners. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of NTAP stock can currently be purchased for approximately $64.25.

NetApp has a market capitalization of $16.18 billion and generates $5.91 billion in revenue each year. The data storage provider earns $76 million in net income (profit) each year or $2.99 on an earnings per share basis. NetApp employs 10,300 workers across the globe.

The official website for NetApp is http://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]