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NASDAQ:NTAPNetApp Stock Price, Forecast & News

$45.26
+0.12 (+0.27 %)
(As of 05/27/2020 12:30 PM ET)
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Compare
Today's Range
$44.92
Now: $45.26
$45.98
50-Day Range
$37.34
MA: $42.54
$45.98
52-Week Range
$34.66
Now: $45.26
$65.38
Volume1.07 million shs
Average Volume1.79 million shs
Market Capitalization$10.01 billion
P/E Ratio10.65
Dividend Yield4.30%
Beta1.32
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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NetApp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 1.9Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.27 out of 5 stars


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$5.08 per share
Book Value$4.41 per share

Profitability

Net Income$1.17 billion

Miscellaneous

Employees10,500
Market Cap$10.01 billion
Next Earnings Date5/27/2020 (Confirmed)
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 COVID-19 reached pandemic status according to the World Health Organization. Since then, NTAP stock has increased by 11.8% and is now trading at $45.22. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of NetApp?

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.

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 earnings results on Wednesday, February, 12th. The data storage provider reported $1.16 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.18 by $0.02. The data storage provider had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.47 billion. NetApp had a net margin of 18.19% and a return on equity of 123.49%. The firm's revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 EPS. View NetApp's earnings history.

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

NetApp announced a quarterly dividend on Wednesday, February 12th. Investors of record on Friday, April 3rd will be given a dividend of $0.48 per share on Wednesday, April 22nd. This represents a $1.92 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Thursday, April 2nd. View NetApp's dividend history.

What price target have analysts set for NTAP?

24 equities research analysts have issued twelve-month price targets for NetApp's shares. Their forecasts range from $32.00 to $85.00. On average, they anticipate NetApp's share price to reach $56.44 in the next year. This suggests a possible upside of 24.8% from the stock's current price. View analysts' price targets for NetApp.

Has NetApp been receiving favorable news coverage?

News headlines about NTAP stock have trended very negative on Wednesday, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. NetApp earned a news impact score of -3.1 on InfoTrie's scale. They also gave news 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 effect on the company's share price in the near future. View the latest news aboutNetApp.

Are investors shorting NetApp?

NetApp saw a increase in short interest in 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 daily volume of 2,770,000 shares, the short-interest ratio is presently 3.0 days. Approximately 3.8% of the company's stock are sold short. 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), Intel (INTC), Alibaba Group (BABA), Netflix (NFLX), QUALCOMM (QCOM), Cisco Systems (CSCO), salesforce.com (CRM), Micron Technology (MU), Adobe (ADBE) and Twitter (TWTR).

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 variety of institutional and retail investors. Top institutional shareholders 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.

Which major investors are selling NetApp stock?

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.

Which major investors are buying NetApp stock?

NTAP stock was bought 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.

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 $45.22.

How big of a company is NetApp?

NetApp has a market capitalization of $10.00 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.

What is NetApp's official website?

The official website for NetApp is 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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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