NetApp Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NetApp stock.
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21 Wall Street research analysts have issued 12 month target prices for NetApp's shares. Their NTAP stock forecasts range from $80.00 to $120.00. On average, they expect NetApp's share price to reach $94.11 in the next twelve months. This suggests a possible upside of 40.9% from the stock's current price.
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NetApp's stock was trading at $91.99 on January 1st, 2022. Since then, NTAP shares have decreased by 27.4% and is now trading at $66.81.
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NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
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NetApp, Inc. (NASDAQ:NTAP) released its earnings results on Wednesday, June, 1st. The data storage provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.28 by $0.14. The data storage provider earned $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. NetApp had a net margin of 14.83% and a trailing twelve-month return on equity of 127.40%. The business's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS.
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NetApp announced a quarterly dividend on Wednesday, June 1st. Investors 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 yield of 2.99%. The ex-dividend date is Thursday, July 7th.
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NetApp(NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.08%. 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 39.84% next year. This indicates that NetApp will be able to sustain or increase its dividend.
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NetApp updated its first quarter 2023 earnings guidance on Wednesday, June, 22nd. The company provided EPS guidance of $1.05-$1.15 for the period, compared to the consensus EPS estimate of $1.09. The company issued revenue guidance of $1.48 billion-$1.63 billion, compared to the consensus revenue estimate of $1.56 billion.

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 (CRM), Adobe (ADBE) and Tesla (TSLA).

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

NetApp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.60%), BlackRock Inc. (8.14%), Capital International Investors (7.93%), Primecap Management Co. CA (7.57%), State Street Corp (4.32%) and Wellington Management Group LLP (3.74%). 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.
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NTAP stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Capital International Investors, Arrowstreet Capital Limited Partnership, Primecap Management Co. CA, Goldman Sachs Group Inc., APG Asset Management N.V., Renaissance Technologies LLC, and State Street Corp. Company insiders that have sold NetApp company stock in the last two years include Carrie Palin, Cesar Cernuda, George Kurian, Matthew K Fawcett, and Thomas Michael Nevens.
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NTAP stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Ardevora Asset Management LLP, Boston Partners, Mariner LLC, Acadian Asset Management LLC, Victory Capital Management Inc., Vanguard Group Inc., and Pacer Advisors Inc..
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 $66.81.

NetApp (NASDAQ:NTAP) has a market capitalization of $14.78 billion and generates $6.32 billion in revenue each year. The data storage provider earns $937 million in net income (profit) each year or $4.099990 on an earnings per share basis.

NetApp employs 12,000 workers across the globe.

NetApp was founded in 1992.

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 [email protected], or via fax at 408-822-4501.