NASDAQ:NTAPNetApp Stock Price, Forecast & News

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 (WHO). Since then, NTAP shares have increased by 8.2% and is now trading at $43.76. 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, 15 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for NetApp.

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020. View our earnings forecast for NetApp.

NetApp Inc. (NASDAQ:NTAP) released its earnings results on Wednesday, May, 27th. The data storage provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.04 by $0.15. The data storage provider earned $1.40 billion during the quarter, compared to the consensus estimate of $1.37 billion. NetApp had a return on equity of 168.65% and a net margin of 15.13%. NetApp's revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.22 EPS. View NetApp's earnings history.

NetApp declared a quarterly dividend on Wednesday, May 27th. Investors of record on Friday, July 10th will be paid a dividend of $0.48 per share on Wednesday, July 29th. This represents a $1.92 annualized dividend and a yield of 4.39%. The ex-dividend date is Thursday, July 9th. View NetApp's dividend history.

NetApp updated its first quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share 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 analysts have issued 1 year price objectives for NetApp's stock. Their forecasts range from $34.00 to $75.00. On average, they anticipate NetApp's stock price to reach $51.11 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price. View analysts' price targets for NetApp.

News articles about NTAP stock have been trending negative recently, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by analyzing 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 -2.1 on InfoTrie's scale. They also assigned media headlines about the data storage provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about NetApp.

NetApp saw a increase in short interest in June. As of June 30th, there was short interest totaling 13,280,000 shares, an increase of 14.2% from the June 15th total of 11,630,000 shares. Based on an average daily trading volume, of 2,380,000 shares, the days-to-cover ratio is presently 5.6 days. Currently, 6.0% 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), 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 many different retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.08%), State of Alaska Department of Revenue (0.06%), DNB Asset Management AS (0.01%), American National Bank (0.01%), Bangor Savings Bank (0.00%) and OmniStar Financial Group Inc. (0.00%). Company insiders that own NetApp stock include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, 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 OmniStar Financial Group Inc., DNB Asset Management AS, HBW Advisory Services LLC, and IBM Retirement Fund. Company insiders that have sold NetApp company stock in the last year include Gerald Held, Henri P Richard, Joel D Reich, 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 State of Alaska Department of Revenue, Envestnet Asset Management Inc., Bangor Savings Bank, and American National Bank. 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 $43.76.

NetApp has a market capitalization of $9.68 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 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]