NASDAQ:NTAP - NetApp Stock Price, Forecast & News

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

NetApp declared a quarterly dividend on Wednesday, November 13th. Investors of record on Friday, January 3rd will be paid a dividend of $0.48 per share on Wednesday, January 22nd. This represents a $1.92 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, January 2nd. View NetApp's Dividend History.

NetApp Inc. (NASDAQ:NTAP) announced its quarterly earnings results on Wednesday, November, 13th. The data storage provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15. The data storage provider had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. NetApp had a net margin of 17.20% and a return on equity of 95.04%. The business's revenue was down 9.6% on a year-over-year basis. During the same period last year, the firm earned $1.06 earnings per share. View NetApp's Earnings History.

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for NetApp.

NetApp updated its FY 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$5.654-5.654 billion, compared to the consensus revenue estimate of $$5.65 billion.

26 Wall Street analysts have issued twelve-month price objectives for NetApp's shares. Their forecasts range from $40.00 to $93.00. On average, they anticipate NetApp's stock price to reach $62.75 in the next year. This suggests a possible upside of 10.2% 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, 13 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

News coverage about NTAP stock has trended extremely negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. NetApp earned a media sentiment score of -4.3 on InfoTrie's scale. They also assigned media stories about the data storage provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for NetApp.

NetApp saw a decrease in short interest during the month of January. As of January 15th, there was short interest totalling 13,350,000 shares, a decrease of 16.8% from the December 31st total of 16,040,000 shares. Based on an average trading volume of 2,020,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 5.9% of the company's stock are short sold. View NetApp's Current Options Chain.

Some companies that are related to NetApp include Western Digital (WDC), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC).

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

NetApp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include California Public Employees Retirement System (0.26%), Hamlin Capital Management LLC (0.21%), Retirement Systems of Alabama (0.18%), New York State Teachers Retirement System (0.14%), Boston Trust Walden Corp (0.09%) and SG Americas Securities LLC (0.04%). 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.

NTAP stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, New York State Teachers Retirement System, Commerzbank Aktiengesellschaft FI, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Zeke Capital Advisors LLC, First Midwest Bank Trust Division, State of Alaska Department of Revenue and Empirical Finance LLC. 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.

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Alpine Global Management LLC, Boston Trust Walden Corp, Assenagon Asset Management S.A., DNB Asset Management AS, Inlet Private Wealth LLC, HBW Advisory Services LLC and Bangor Savings Bank. 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 $56.92.

NetApp has a market capitalization of $12.99 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]