NASDAQ:NTAPNetApp Stock Price, Forecast & News

NetApp's stock was trading at $40.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NTAP shares have increased by 14.5% and is now trading at $46.30. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 16 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for NetApp.

NetApp Inc. (NASDAQ:NTAP) posted its earnings results on Wednesday, May, 27th. The data storage provider reported $1.19 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.04 by $0.15. The data storage provider had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.37 billion. NetApp had a net margin of 18.19% and a return on equity of 123.49%. The business's quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.22 earnings per share. View NetApp's earnings history.

NetApp announced 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 dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, April 2nd. View NetApp's dividend history.

NetApp updated its first quarter earnings guidance on Wednesday, May, 27th. The company provided EPS guidance of $0.36-0.44 for the period, compared to the Thomson Reuters consensus estimate of $0.60. The company issued revenue guidance of $1.09-1.24 billion, compared to the consensus revenue estimate of $1.14 billion.

24 Wall Street analysts have issued 12-month price targets for NetApp's shares. Their forecasts range from $32.00 to $85.00. On average, they expect NetApp's share price to reach $56.44 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price. View analysts' price targets for NetApp.

Media headlines about NTAP stock have trended somewhat positive on Thursday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. NetApp earned a coverage optimism score of 1.6 on InfoTrie's scale. They also assigned media stories about the data storage provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutNetApp.

NetApp saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 8,390,000 shares, an increase of 8.4% from the March 31st total of 7,740,000 shares. Based on an average trading volume of 2,770,000 shares, the short-interest ratio is currently 3.0 days. Approximately 3.8% of the company's stock are sold short. View NetApp's Current Options Chain.

Some companies that are related to NetApp include Western Digital (WDC), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include NVIDIA (NVDA), Intel (INTC), Alibaba Group (BABA), Netflix (NFLX), QUALCOMM (QCOM), Cisco Systems (CSCO), salesforce.com (CRM), Micron Technology (MU), Adobe (ADBE) and Twitter (TWTR).

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

NetApp's stock is owned by a number of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (13.89%), Capital International Investors (11.72%), BlackRock Inc. (7.77%), State Street Corp (4.50%), Bank of New York Mellon Corp (2.51%) and American International Group Inc. (2.04%). 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.

NTAP stock was sold by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Capital International Investors, Wellington Management Group LLP, American International Group Inc., Two Sigma Advisers LP, AJO LP, Los Angeles Capital Management & Equity Research Inc., and UBS Group AG. 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.

NTAP stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Schroder Investment Management Group, Miller Howard Investments Inc. NY, Morgan Stanley, Morgan Stanley, Hexavest Inc., Canada Pension Plan Investment Board, and KBC Group NV. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of NTAP stock can currently be purchased for approximately $46.30.

NetApp has a market capitalization of $10.24 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.

The official website for NetApp is 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]