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 (WHO). Since then, NTAP stock has increased by 3.1% and is now trading at $41.71.
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21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 12 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020.
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NetApp will be holding an earnings conference call on Wednesday, August 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

NetApp Inc. (NASDAQ:NTAP) announced its quarterly earnings results on Wednesday, May, 27th. The data storage provider reported $1.19 earnings per share for the quarter, topping the Thomson Reuters' 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 net margin of 15.13% and a return on equity of 168.65%. The firm's revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 EPS.
View NetApp's earnings history.

NetApp declared a quarterly dividend on Wednesday, May 27th. Stockholders of record on Friday, July 10th will be given a dividend of $0.48 per share on Wednesday, July 29th. This represents a $1.92 annualized dividend and a yield of 4.60%. The ex-dividend date is Thursday, July 9th.
View NetApp's dividend history.

NetApp issued an update on its first quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share (EPS) guidance of $0.36-0.44 for the period, compared to the Thomson Reuters consensus earnings per share 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.

21 Wall Street analysts have issued twelve-month target prices for NetApp's stock. Their forecasts range from $34.00 to $75.00. On average, they anticipate NetApp's share price to reach $51.29 in the next twelve months. This suggests a possible upside of 23.0% from the stock's current price.
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News stories about NTAP stock have been trending extremely negative recently, according to InfoTrie. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. 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 media sentiment score of -4.1 on InfoTrie's scale. They also gave media stories about the data storage provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.
View the latest news about NetApp.

NetApp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 10,990,000 shares, an increase of 32.7% from the April 30th total of 8,280,000 shares. Based on an average daily volume of 2,530,000 shares, the short-interest ratio is currently 4.3 days. Approximately 5.0% of the shares of the stock are sold short.
View NetApp's Short Interest.

Some companies that are related to NetApp include Western Digital (WDC), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include NVIDIA (NVDA), Intel (INTC), QUALCOMM (QCOM), Cisco Systems (CSCO), Netflix (NFLX), Micron Technology (MU), Alibaba Group (BABA), salesforce.com (CRM), Twitter (TWTR) and Adobe (ADBE).

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

NetApp's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank of New York Mellon Corp (2.51%), First Trust Advisors LP (2.07%), American International Group Inc. (1.81%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), Miller Howard Investments Inc. NY (0.42%) and Swiss National Bank (0.39%). 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 American International Group Inc., Hexavest Inc., New York State Common Retirement Fund, Seizert Capital Partners LLC, Bank of Montreal Can, Spark Investment Management LLC, SG Americas Securities LLC, and Arizona State Retirement System. 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 acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BNP PARIBAS ASSET MANAGEMENT Holding S.A., MUFG Securities EMEA plc, Miller Howard Investments Inc. NY, Victory Capital Management Inc., Retirement Systems of Alabama, LSV Asset Management, and PGGM Investments.
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 $41.71.

NetApp has a market capitalization of $9.26 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]