NetApp Stock Price, News & Analysis (NASDAQ:NTAP)

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

NetApp announced a quarterly dividend on Wednesday, August 14th. Shareholders of record on Friday, October 4th will be given a dividend of $0.48 per share on Wednesday, October 23rd. This represents a $1.92 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, October 3rd. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) released its earnings results on Wednesday, August, 14th. The data storage provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.46 by $0.19. The data storage provider had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. NetApp had a net margin of 16.74% and a return on equity of 77.11%. The company's quarterly revenue was down 16.1% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, November 13th 2019. View Earnings Estimates for NetApp.

NetApp issued an update on its second quarter earnings guidance on Wednesday, August, 14th. The company provided EPS guidance of $0.91-0.99 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.87. The company issued revenue guidance of $1.325-1.475 billion, compared to the consensus revenue estimate of $1.35 billion.

26 equities research analysts have issued 12 month price objectives for NetApp's stock. Their forecasts range from $40.00 to $93.00. On average, they expect NetApp's share price to reach $59.47 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price. View Analyst Price Targets for NetApp.

26 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 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Media coverage about NTAP stock has been trending somewhat negative on Saturday, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. NetApp earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned media coverage 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 stock's share price in the near future. View News Stories for NetApp.

NetApp saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 14,390,000 shares, an increase of 16.4% from the August 30th total of 12,360,000 shares. Based on an average daily volume of 2,790,000 shares, the short-interest ratio is presently 5.2 days. Approximately 6.1% of the company's shares are short sold. 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).

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

NetApp's stock is owned by a number of of retail and institutional investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.26%), Hamlin Capital Management LLC (0.18%), Envestnet Asset Management Inc. (0.07%), Pacer Advisors Inc. (0.04%), State of Alaska Department of Revenue (0.03%) and Nisa Investment Advisors LLC (0.03%). Company insiders that own NetApp stock include George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Ronald J Pasek 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 Robeco Institutional Asset Management B.V., Zurcher Kantonalbank Zurich Cantonalbank , Gateway Investment Advisers LLC, DNB Asset Management AS, Manning & Napier Group LLC, Wealthfront Advisers LLC, Meeder Asset Management Inc. and Crossmark Global Holdings Inc.. Company insiders that have sold NetApp company stock in the last year include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett and Ronald J Pasek. View Insider Buying and Selling for NetApp.

NTAP stock was bought by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Beech Hill Advisors Inc., Envestnet Asset Management Inc., Commerzbank Aktiengesellschaft FI, State of Alaska Department of Revenue, CIBC Private Wealth Group LLC, Gyroscope Capital Management Group LLC and Occidental Asset Management LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of NTAP stock can currently be purchased for approximately $53.49.

NetApp has a market capitalization of $12.73 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.

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]