NASDAQ:NTAP - NetApp Stock Price, News, & Analysis

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

NetApp announced a quarterly dividend on Thursday, May 23rd. Investors of record on Friday, July 5th will be paid a dividend of $0.48 per share on Wednesday, July 24th. This represents a $1.92 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is a boost from NetApp's previous quarterly dividend of $0.40. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) announced its quarterly earnings results on Wednesday, May, 22nd. The data storage provider reported $1.10 EPS for the quarter, missing the Zacks' consensus estimate of $1.13 by $0.03. The data storage provider earned $1.59 billion during the quarter, compared to the consensus estimate of $1.64 billion. NetApp had a net margin of 16.85% and a return on equity of 60.32%. The business's revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, August 21st 2019. View Earnings Estimates for NetApp.

NetApp issued an update on its first quarter earnings guidance on Wednesday, May, 22nd. The company provided earnings per share (EPS) guidance of $0.78-0.86 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.05. The company issued revenue guidance of $1.315-1.465 billion, compared to the consensus revenue estimate of $1.48 billion.NetApp also updated its Q1 2020 guidance to $0.78-0.86 EPS.

28 equities research analysts have issued 12 month target prices for NetApp's shares. Their predictions range from $43.00 to $100.00. On average, they anticipate NetApp's stock price to reach $76.1717 in the next year. This suggests a possible upside of 23.5% from the stock's current price. View Analyst Price Targets for NetApp.

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 4 sell ratings, 9 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Headlines about NTAP stock have trended somewhat positive on Friday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. NetApp earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave news stories about the data storage provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term.

Some companies that are related to NetApp include Seagate Technology (STX), Western Digital (WDC), Pure Storage (PSTG), Quantum (QMCO) and Quantum (QTM).

Based on aggregate information from My MarketBeat watchlists, some companies that other NetApp investors own include Twitter (TWTR), Alibaba Group (BABA), General Electric (GE), NVIDIA (NVDA), Mattel (MAT), Cisco Systems (CSCO), General Motors (GM), Ultra Clean (UCTT), Walt Disney (DIS) and Netflix (NFLX).

NetApp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Primecap Management Co. CA (13.73%), BlackRock Inc. (7.28%), Renaissance Technologies LLC (2.77%), Wellington Management Group LLP (1.99%), Geode Capital Management LLC (1.76%) and Janus Henderson Group PLC (1.33%). Company insiders that own NetApp stock include George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Jeffry R Allen, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace 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 Boston Partners, Primecap Management Co. CA, BlackRock Inc., Morgan Stanley, Voya Investment Management LLC, JPMorgan Chase & Co., TCW Group Inc. and Natixis. Company insiders that have sold NetApp company stock in the last year include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill and Matthew K Fawcett. View Insider Buying and Selling for NetApp.

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Amundi Pioneer Asset Management Inc., Artisan Partners Limited Partnership, Bank of Montreal Can, Renaissance Technologies LLC, AQR Capital Management LLC, AJO LP and FMR 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, Scottrade, Fidelity and Charles Schwab.

One share of NTAP stock can currently be purchased for approximately $61.67.

NetApp has a market capitalization of $15.23 billion and generates $5.91 billion in revenue each year. The data storage provider earns $76 million in net income (profit) each year or $2.99 on an earnings per share basis. NetApp employs 10,300 workers across the globe.

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]