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NASDAQ:NTAPNetApp Stock Price, Forecast & News

$42.94
+0.66 (+1.56 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$41.96
Now: $42.94
$43.14
50-Day Range
$40.97
MA: $44.25
$49.01
52-Week Range
$34.66
Now: $42.94
$65.38
Volume1.83 million shs
Average Volume2.71 million shs
Market Capitalization$9.50 billion
P/E Ratio12.13
Dividend Yield4.54%
Beta1.3
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 1.9Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.40 out of 5 stars


Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
Current SymbolNASDAQ:NTAP
CUSIP64110D10
Phone408-822-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.41 billion
Cash Flow$4.66 per share
Book Value$1.09 per share

Profitability

Net Income$819 million

Miscellaneous

Employees10,800
Market Cap$9.50 billion
Next Earnings Date8/12/2020 (Estimated)
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 (WHO). Since then, NTAP shares have increased by 6.2% and is now trading at $42.94. 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, 15 hold ratings and 6 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, August 12th 2020. View our earnings forecast for NetApp.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) issued its quarterly earnings data on Wednesday, May, 27th. The data storage provider reported $1.19 earnings per share (EPS) 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 analyst estimates of $1.37 billion. NetApp had a return on equity of 168.65% and a net margin of 15.13%. The company's revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 EPS. View NetApp's earnings history.

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

NetApp declared a quarterly dividend on Wednesday, May 27th. Stockholders of record on Friday, July 10th will be paid a dividend of $0.48 per share on Wednesday, July 29th. This represents a $1.92 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Thursday, July 9th. View NetApp's dividend history.

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

NetApp updated its first quarter earnings guidance on Wednesday, May, 27th. The company provided EPS guidance of $0.36-0.44 for the period, compared to the Thomson Reuters consensus 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.

What price target have analysts set for NTAP?

24 analysts have issued 12 month price objectives for NetApp's shares. Their forecasts range from $34.00 to $75.00. On average, they anticipate NetApp's share price to reach $51.11 in the next year. This suggests a possible upside of 19.0% from the stock's current price. View analysts' price targets for NetApp.

Has NetApp been receiving favorable news coverage?

News articles about NTAP stock have trended neutral recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NetApp earned a news impact score of 0.2 on InfoTrie's scale. They also gave media stories about the data storage provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about NetApp.

Are investors shorting NetApp?

NetApp saw a increase in short interest in June. As of June 30th, there was short interest totaling 13,280,000 shares, an increase of 14.2% from the June 15th total of 11,630,000 shares. Based on an average daily trading volume, of 2,380,000 shares, the days-to-cover ratio is presently 5.6 days. Currently, 6.0% of the shares of the stock are short sold. 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 retail and institutional investors. Top institutional shareholders include Hexavest Inc. (0.14%), Envestnet Asset Management Inc. (0.08%), State of Alaska Department of Revenue (0.06%), DNB Asset Management AS (0.01%), Cypress Capital Group (0.01%) and American National Bank (0.01%). 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.

Which institutional investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., OmniStar Financial Group Inc., DNB Asset Management AS, HBW Advisory Services LLC, and IBM Retirement Fund. 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.

Which institutional investors are buying NetApp stock?

NTAP stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Envestnet Asset Management Inc., Cypress Capital Group, Bangor Savings Bank, Hoey Investments Inc., and American National Bank. 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 $42.94.

How big of a company is NetApp?

NetApp has a market capitalization of $9.50 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.

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 7/11/2020 by MarketBeat.com Staff

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