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NASDAQ:NTAP - NetApp Stock Price, Forecast & News

$52.00
-1.71 (-3.18 %)
(As of 02/24/2020 09:03 AM ET)
Today's Range
$51.86
Now: $52.00
$53.35
50-Day Range
$53.21
MA: $58.99
$65.37
52-Week Range
$44.55
Now: $52.00
$78.35
Volume3.23 million shs
Average Volume2.67 million shs
Market Capitalization$11.50 billion
P/E Ratio12.24
Dividend Yield3.69%
Beta1.58
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. Read More…

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$5.02 per share
Book Value$4.41 per share

Profitability

Net Income$1.17 billion

Miscellaneous

Employees10,500
Market Cap$11.50 billion
Next Earnings Date5/27/2020 (Estimated)
OptionableOptionable

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NetApp (NASDAQ:NTAP) Frequently Asked Questions

What is NetApp's stock symbol?

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

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

NetApp announced a quarterly dividend on Wednesday, February 12th. Shareholders 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 3.69%. The ex-dividend date is Thursday, April 2nd. View NetApp's Dividend History.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) posted its quarterly earnings data on Wednesday, February, 12th. The data storage provider reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.18 by $0.02. The data storage provider earned $1.40 billion during the quarter, compared to analysts' expectations 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 period last year, the business posted $1.20 EPS. View NetApp's Earnings History.

When is NetApp's next earnings date?

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, May 27th 2020. View Earnings Estimates for NetApp.

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

NetApp updated its fourth quarter earnings guidance on Wednesday, February, 12th. The company provided earnings per share (EPS) 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?

24 Wall Street analysts have issued twelve-month price targets for NetApp's stock. Their forecasts range from $40.00 to $93.00. On average, they anticipate NetApp's stock price to reach $62.72 in the next twelve months. This suggests a possible upside of 20.6% from the stock's current price. View Analyst Price Targets for NetApp.

What is the consensus analysts' recommendation for NetApp?

24 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Has NetApp been receiving favorable news coverage?

Media headlines about NTAP stock have trended negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. NetApp earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the data storage provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the immediate future. View News Stories for NetApp.

Are investors shorting NetApp?

NetApp saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 13,350,000 shares, a drop of 16.8% from the December 31st total of 16,040,000 shares. Based on an average daily volume of 2,020,000 shares, the days-to-cover ratio is presently 6.6 days. Currently, 5.9% of the shares of the company 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), Netflix (NFLX), Alibaba Group (BABA), Intel (INTC), Twitter (TWTR), Cisco Systems (CSCO), Micron Technology (MU), QUALCOMM (QCOM), Adobe (ADBE) and Advanced Micro Devices (AMD).

Who are NetApp's key executives?

NetApp's management team includes the folowing 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)

Who are NetApp's major shareholders?

NetApp's stock is owned by many different of institutional and retail 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 for NetApp.

Which institutional investors are buying NetApp stock?

NTAP stock was acquired by a variety of institutional investors in the last quarter, including 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., TD Asset Management Inc. and Maverick Capital Ltd.. View Insider Buying and Selling 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 $52.00.

How big of a company is NetApp?

NetApp has a market capitalization of $11.50 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:  1,013 (Vote Outperform)
Underperform Votes:  1,605 (Vote Underperform)
Total Votes:  2,618
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 2/24/2020 by MarketBeat.com Staff

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