NASDAQ:NTAP

NetApp Stock Forecast, Price & News

$64.66

-1.18 (-1.79 %)

(As of 01/15/2021 08:00 PM ET)

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Today's Range

$64.44

Now: $64.66▼

$65.94

50-Day Range

$53.26

MA: $62.89▼

$66.24

52-Week Range

$34.66

Now: $64.66▼

$67.63

Volume116,315 shs

Average Volume1.76 million shs

Market Capitalization$14.44 billion

P/E Ratio21.20

Dividend Yield2.97%

Beta1.35

NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Global File Cache, NetApp SaaS Backup, NetApp Cloud Manager, NetApp Fabric Orchestrator, and NetApp Cloud Insights. It also provides hybrid cloud solutions, such as NetApp ONTAP Storage Operating System, NetApp AFF A-series, NetApp AFF C190, NetApp FAS Series, FlexPod, NetApp ONTAP Select, NetApp MAX Data, NetApp Data Availability Services, NetApp SnapCenter Backup Management Software, NetApp SnapMirror Data Replication Software, NetApp SnapLock Data Compliance Software, NetApp StorageGRID Object Storage Software, NetApp Element Operating System, NetApp SolidFire, NetApp HCI, NetApp SANtricity Storage Operating System, NetApp EF-Series, NetApp E-Series, NetApp Active IQ Predictive Analytics and Support, NetApp OnCommand Insight, and NetApp OnCommand Workflow Automation. Further, it provides software maintenance, hardware maintenance, and other services, including professional services, global support solutions, and customer education and training. It serves the energy, financial services, government, high technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners. NetApp has strategic partnership with Fujitsu for data management infrastructure. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.

MarketRank^™

Overall MarketRank^™

2.44 out of 5 stars

Computer And Technology Sector

10th out of 94 stocks

Computer Storage Devices Industry

1st out of 3 stocks

2.2 Analyst's Opinion

Consensus Rating
NetApp has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 9 buy ratings, 14 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $58.68, NetApp has a forecasted downside of 9.2% from its current price of $64.66.
Amount of Analyst Coverage
NetApp has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.9 Community Rank

Outperform Votes
NetApp has received 1,043 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
NetApp has received 1,662 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
NetApp has received 61.44% “underperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Yield
NetApp pays a meaningful dividend of 2.97%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
NetApp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of NetApp is 54.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, NetApp will have a dividend payout ratio of 48.73% next year. This indicates that NetApp will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NetApp insiders have bought 1.73% more of their company's stock than they have sold. Specifically, they have bought $958,350.00 in company stock and sold $942,080.00 in company stock.
Percentage Held by Insiders
Only 0.36% of the stock of NetApp is held by insiders.
Percentage Held by Institutions
90.95% of the stock of NetApp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for NetApp are expected to grow by 27.92% in the coming year, from $3.08 to $3.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NetApp is 21.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of NetApp is 21.20, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 88.48.
Price to Earnings Growth Ratio
NetApp has a PEG Ratio of 1.78. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
NetApp has a P/B Ratio of 59.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Computer storage devices

Sub-IndustryComputer Storage & Peripherals

SectorComputer and Technology

Current SymbolNASDAQ:NTAP

Previous Symbol

CUSIP64110D10

CIK1002047

Webwww.netapp.com

Phone408-822-6000

Employees10,800

Debt

Debt-to-Equity Ratio7.11

Current Ratio1.65

Quick Ratio1.61

Price-To-Earnings

Trailing P/E Ratio21.20

Forward P/E Ratio20.99

P/E Growth1.78

Sales & Book Value

Annual Sales$5.41 billion

Price / Sales2.67

Cash Flow$4.56 per share

Price / Cash Flow14.19

Book Value$1.09 per share

Price / Book59.32

Profitability

EPS (Most Recent Fiscal Year)$3.53

Net Income$819 million

Net Margins12.44%

Return on Equity263.77%

Return on Assets9.76%

Miscellaneous

Outstanding Shares223,385,000

Market Cap$14.44 billion

Next Earnings Date2/10/2021 (Estimated)

OptionableOptionable

$64.66

-1.18 (-1.79 %)

(As of 01/15/2021 08:00 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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NetApp (NASDAQ:NTAP) Frequently Asked Questions

How has NetApp's stock price been impacted by COVID-19?

NetApp's stock was trading at $40.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NTAP shares have increased by 59.9% and is now trading at $64.66.
View which stocks have been most impacted by COVID-19.

Is NetApp a buy right now?

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 14 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NetApp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTAP, but not buy additional shares or sell existing shares.
View analyst ratings for NetApp or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than NetApp?

Wall Street analysts have given NetApp a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but NetApp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for NetApp.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) announced its earnings results on Monday, November, 30th. The data storage provider reported $1.05 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.73 by $0.32. The data storage provider had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.31 billion. NetApp had a net margin of 12.44% and a return on equity of 263.77%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS.
View NetApp's earnings history.

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

NetApp announced a quarterly dividend on Tuesday, December 1st. Stockholders of record on Friday, January 8th will be given a dividend of $0.48 per share on Wednesday, January 27th. This represents a $1.92 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, January 7th.
View NetApp's dividend history.

Is NetApp a good dividend stock?

NetApp pays an annual dividend of $1.92 per share and currently has a dividend yield of 2.97%. The dividend payout ratio of NetApp is 54.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 48.73% next year. This indicates that NetApp will be able to sustain or increase its dividend.
View NetApp's dividend history.

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

NetApp updated its third quarter earnings guidance on Tuesday, December, 1st. The company provided earnings per share guidance of $0.94-1.02 for the period, compared to the Thomson Reuters consensus estimate of $0.91. The company issued revenue guidance of $1.34-1.49 billion, compared to the consensus revenue estimate of $1.37 billion.

What price target have analysts set for NTAP?

24 brokers have issued 1-year price targets for NetApp's shares. Their forecasts range from $39.00 to $76.00. On average, they anticipate NetApp's stock price to reach $58.68 in the next twelve months. This suggests that the stock has a possible downside of 9.2%.
View analysts' price targets for NetApp or view Wall Street analyst' top-rated stocks.

Who are some of NetApp's key competitors?

Some companies that are related to NetApp include Western Digital (WDC), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX).
View all of NTAP's 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), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), Netflix (NFLX), Micron Technology (MU), salesforce.com (CRM), Adobe (ADBE) and Tesla (TSLA).

Who are NetApp's key executives?

NetApp's management team includes the following people:

Mr. George Kurian, CEO, Pres & Director (Age 54, Pay $960k)
Mr. Michael J. Berry, Exec. VP, CFO & Principal Accounting Officer (Age 58, Pay $144.92k)
Mr. Matthew K. Fawcett, Sr. VP, Chief Compliance Officer, Gen. Counsel & Sec. (Age 53, Pay $556.88k)
Mr. Bradley R. Anderson, Exec. VP and GM Hybrid Cloud Services & NetApp Foundational Data Services Bus. Unit (Age 62, Pay $552.27k)
Mr. Cesar Cernuda Rego, Pres
Mr. Jeffrey K. Bergmann, VP of Corp. Fin.
Mr. William H. Miller Jr., Sr. VP & Chief Information Officer
Ms. Kris Newton, VP of Corp. Communications & Investor Relations
Mr. James D. Whitemore, Sr. VP & Chief Marketing Officer (Age 56)
Ms. Debra Charlotte McCowan, Sr. VP & Chief HR Officer (Age 49)

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 many different retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (0.12%), Crossmark Global Holdings Inc. (0.09%), Hexavest Inc. (0.08%), State of Alaska Department of Revenue (0.08%), Greylin Investment Mangement Inc. (0.05%) and CHURCHILL MANAGEMENT Corp (0.05%). Company insiders that own NetApp stock include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Michael J Berry, Ronald J Pasek, Scott R Allen and Thomas Michael Nevens.
View institutional ownership trends for NetApp.

Which major investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., CHURCHILL MANAGEMENT Corp, State of Alaska Department of Revenue, Crossmark Global Holdings Inc., Fruth Investment Management, Access Financial Services Inc., Cantor Fitzgerald Investment Adviser L.P., and Cypress Capital Group.
View insider buying and selling activity for NetApp or view top insider-selling stocks.

Which major investors are buying NetApp stock?

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Prairiewood Capital LLC, Greylin Investment Mangement Inc., Bennicas & Associates Inc., Brookstone Capital Management, Arden Trust Co, Sowell Financial Services LLC, IFM Investors Pty Ltd, and Louisiana State Employees Retirement System.
View insider buying and selling activity for NetApp or or view top insider-buying stocks.

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 WeBull, 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 $64.66.

How big of a company is NetApp?

NetApp has a market capitalization of $14.44 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 1/18/2021 by MarketBeat.com Staff

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