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NASDAQ:NTAP - NetApp Stock Price, Forecast & News

$40.23
-2.22 (-5.23 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$39.35
Now: $40.23
$42.10
50-Day Range
$35.35
MA: $47.09
$60.82
52-Week Range
$34.66
Now: $40.23
$78.35
Volume2.15 million shs
Average Volume3.52 million shs
Market Capitalization$8.90 billion
P/E Ratio9.47
Dividend Yield4.52%
Beta1.61
NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. It offers cloud data services, such as ONTAP cloud storage data management and NetApp cloud sync data synchronization services; NetApp SaaS backup for Microsoft Office 365; NetApp cloud backup solutions; OnCommand management software and management integration tools; and NetApp private storage for cloud. The company also provides cloud Infrastructure solutions, including FlexPod, a portfolio of pre-validated designs and integration; NetApp advisor converged systems; NetApp HCI enterprise-scale hyper converged cloud infrastructure; and NetApp StorageGRID Webscale object storage software. In addition, it offers storage systems and software, such as all-flash arrays that support data management; hybrid arrays to deploy the speed of flash storage; NetApp ONTAP storage operating system; NetApp ONTAP Select, which offers robust enterprise storage services; NetApp flex array storage virtualization software; NetApp SnapCenter backup management software; NetApp SnapMirror data replication software; NetApp MetroCluster business continuity software; NetApp SnapLock data compliance software; SANtricity storage operating system; and NetApp SolidFire element operating systems. In addition, it provides software and hardware maintenance, professional, and customer education and training services, as well as support solutions. The company serves energy, financial services, government, high technology, Internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications sectors through a direct sales force and channel partners. NetApp, Inc. has a strategic partnership with Lenovo to help customers modernize IT and enhance their digital transformation. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.
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Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
Current SymbolNASDAQ:NTAP
CUSIP64110D10
Phone408-822-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.15 billion
Cash Flow$4.76 per share
Book Value$1.27 per share

Profitability

Net Income$1.17 billion

Miscellaneous

Employees10,500
Market Cap$8.90 billion
Next Earnings Date5/27/2020 (Estimated)
OptionableOptionable

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NetApp (NASDAQ:NTAP) Frequently Asked Questions

How has NetApp's stock been impacted by COVID-19 (Coronavirus)?

NetApp's stock was trading at $40.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NTAP stock has decreased by 0.5% and is now trading at $40.23. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of NetApp?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 14 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for NetApp.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, May 27th 2020. View our earnings forecast for NetApp.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) issued its quarterly earnings results on Wednesday, February, 12th. The data storage provider reported $1.16 EPS for the quarter, missing the Zacks' consensus estimate of $1.18 by $0.02. The data storage provider had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.47 billion. NetApp had a return on equity of 123.49% and a net margin of 18.19%. The business's revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. View NetApp's earnings history.

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

NetApp declared a quarterly dividend on Wednesday, February 12th. Investors of record on Friday, April 3rd will be paid a dividend of $0.48 per share on Wednesday, April 22nd. This represents a $1.92 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Thursday, April 2nd. View NetApp's dividend history.

What guidance has NetApp issued on next quarter's earnings?

NetApp issued an update on its fourth quarter earnings guidance on Wednesday, February, 12th. The company provided earnings per share guidance of $1.28-1.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.39. The company issued revenue guidance of $1.455-1.605 billion, compared to the consensus revenue estimate of $1.57 billion.

What price target have analysts set for NTAP?

25 analysts have issued 1 year price targets for NetApp's shares. Their forecasts range from $32.00 to $93.00. On average, they expect NetApp's stock price to reach $61.11 in the next twelve months. This suggests a possible upside of 51.9% from the stock's current price. View analysts' price targets for NetApp.

Has NetApp been receiving favorable news coverage?

Media coverage about NTAP stock has trended positive recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. NetApp earned a media sentiment score of 2.4 on InfoTrie's scale. They also gave media coverage about the data storage provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutNetApp.

Are investors shorting NetApp?

NetApp saw a decline in short interest in March. As of March 13th, there was short interest totaling 11,482,400 shares, a decline of 11.5% from the February 27th total of 12,970,000 shares. Based on an average trading volume of 2,752,700 shares, the short-interest ratio is presently 4.2 days. Currently, 5.2% of the shares of the company are short sold. View NetApp's Current Options Chain.

Who are some of NetApp's key competitors?

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), Netflix (NFLX), Alibaba Group (BABA), Intel (INTC), Micron Technology (MU), Twitter (TWTR), Cisco Systems (CSCO), Adobe (ADBE), QUALCOMM (QCOM) and salesforce.com (CRM).

Who are NetApp's key executives?

NetApp's management team includes the following people:
  • Mr. George Kurian, CEO, Pres & Director (Age 52)
  • Mr. Ronald J. Pasek, Exec. VP, CFO & Principal Accounting Officer (Age 58)
  • Mr. Matthew K. Fawcett, Sr. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. Joel D. Reich, Exec. VP & Gen. Mang., NetApp Storage Systems and Software Bus. Unit (Age 60)
  • Mr. Henri P. Richard, Exec. VP of Worldwide Field & Customer Operations (Age 62)

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 retail and institutional investors. Top institutional investors include Capital International Investors (12.05%), State Street Corp (4.32%), Renaissance Technologies LLC (2.39%), Bank of New York Mellon Corp (2.37%), American International Group Inc. (2.23%) and Geode Capital Management LLC (1.62%). Company insiders that own NetApp stock include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Ronald J Pasek and Scott R Allen. View institutional ownership trends for NetApp.

Which institutional investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including American International Group Inc., Renaissance Technologies LLC, Bank of Montreal Can, Janus Henderson Group PLC, UBS Asset Management Americas Inc., Geode Capital Management LLC, FMR LLC, and Artisan Partners Limited Partnership. Company insiders that have sold NetApp company stock in the last year include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Ronald J Pasek, and Scott R Allen. View insider buying and selling activity for NetApp.

Which institutional investors are buying NetApp stock?

NTAP stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Los Angeles Capital Management & Equity Research Inc., Bank of New York Mellon Corp, Amundi Pioneer Asset Management Inc., Jacobs Levy Equity Management Inc., AJO LP, Goldman Sachs Group Inc., and Green Square Asset Management LLC. View insider buying and selling activity for NetApp.

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $40.23.

How big of a company is NetApp?

NetApp has a market capitalization of $8.90 billion and generates $6.15 billion in revenue each year. The data storage provider earns $1.17 billion in net income (profit) each year or $4.02 on an earnings per share basis. NetApp employs 10,500 workers across the globe. View additional information about NetApp.

What is NetApp's official website?

The official website for NetApp is http://www.netapp.com/.

How can I contact NetApp?

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]


MarketBeat Community Rating for NetApp (NASDAQ NTAP)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  1,026 (Vote Outperform)
Underperform Votes:  1,621 (Vote Underperform)
Total Votes:  2,647
MarketBeat's community ratings are surveys of what our community members think about NetApp and other stocks. Vote "Outperform" if you believe NTAP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NTAP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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