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NASDAQ:NTAP

NetApp Stock Forecast, Price & News

$63.61
-0.61 (-0.95%)
(As of 07/6/2022 03:06 PM ET)
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Compare
Today's Range
$62.83
$64.45
50-Day Range
$62.78
$76.70
52-Week Range
$61.26
$96.82
Volume
22,484 shs
Average Volume
1.77 million shs
Market Capitalization
$14.07 billion
P/E Ratio
15.51
Dividend Yield
3.19%
Price Target
$92.95

NetApp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
46.7% Upside
$92.95 Price Target
Short Interest
Healthy
2.37% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.23mentions of NetApp in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$1.91 M Sold Last Quarter
Proj. Earnings Growth
12.05%
From $4.48 to $5.02 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.90 out of 5 stars

Computer And Technology Sector

24th out of 932 stocks

Computer Storage Devices Industry

1st out of 6 stocks

30 days | 90 days | 365 days | Advanced Chart

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NetApp logo

About NetApp (NASDAQ:NTAP) Stock

NetApp, Inc. provides software, systems, and cloud services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud storage services, including NetApp Cloud Volumes; cloud control solutions, such as NetApp Cloud Manager and NetApp Virtual Desktop Service; cloud services and analytics comprising NetApp Cloud Insights, NetApp Cloud Sync, NetApp Cloud Compliance, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Cloud Backup, and NetApp Global File Cache; and Cloud Optimization solutions, such as Spot by NetApp, Spot Cloud Analyzer by NetApp, Spot Eco by NetApp, Spot Ocean by NetApp, Spot Wave by NetApp, Spot Elastigroup by NetApp, and NetApp Virtual Desktop Managed Service. It provides data storage solutions comprising NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, NetApp SolidFire, and NetApp HCI; data protection solutions, such as NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Data Availability Services; and data management solutions, including NetApp ONTAP Storage Management System, NetApp ElementOS software, NetApp SANtricity software, NetApp Active IQ Digital Advisor, OnCommand Insight, and OnCommand Workflow Automation. In addition, the company offers application-aware data management service under the NetApp Astra name; and payment solutions and storage-as-a-service under the NetApp Keystone name. Further, it provides assessment, design, consulting, and implementation services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

NTAP Stock News Headlines

NetApp, Inc. (NASDAQ:NTAP) Declares $0.50 Quarterly Dividend
NetApp (NASDAQ:NTAP) Downgraded by StockNews.com
NetApp (NASDAQ:NTAP) Stock Rating Lowered by StockNews.com
NetApp (NASDAQ:NTAP) Rating Increased to Buy at StockNews.com
See More Headlines

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:NTAP
CUSIP
64110D10
Employees
12,000
Year Founded
1992

Company Calendar

Ex-Dividend for 4/27 Dividend
4/07/2022
Dividend Payable
4/27/2022
Last Earnings
6/01/2022
Today
7/06/2022
Ex-Dividend for 7/27 Dividend
7/07/2022
Dividend Payable
7/27/2022
Next Earnings (Estimated)
8/24/2022
Fiscal Year End
4/30/2023

Price Target and Rating

Average Stock Price Forecast
$92.95
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$71.00
Forecasted Upside/Downside
+46.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54545454545455
Research Coverage
22 Analysts

Profitability

Net Income
$937 million
Pretax Margin
17.33%

Debt

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$5.49 per share
Book Value
$3.77 per share

Miscellaneous

Free Float
220,571,000
Market Cap
$14.07 billion
Optionable
Optionable
Beta
1.23

Social Links















NetApp Frequently Asked Questions

Should I buy or sell NetApp stock right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 8 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NetApp stock.
View analyst ratings for NetApp
or view top-rated stocks.

What is NetApp's stock price forecast for 2022?

22 equities research analysts have issued 1 year price objectives for NetApp's stock. Their NTAP stock forecasts range from $71.00 to $120.00. On average, they expect NetApp's share price to reach $92.95 in the next year. This suggests a possible upside of 45.6% from the stock's current price.
View analysts' price targets for NetApp
or view top-rated stocks among Wall Street analysts.

How has NetApp's stock price performed in 2022?

NetApp's stock was trading at $91.99 at the beginning of the year. Since then, NTAP stock has decreased by 30.6% and is now trading at $63.84.
View the best growth stocks for 2022 here
.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
View our earnings forecast for NetApp
.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) issued its earnings results on Wednesday, June, 1st. The data storage provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.14. The data storage provider earned $1.68 billion during the quarter, compared to analyst estimates of $1.68 billion. NetApp had a trailing twelve-month return on equity of 127.40% and a net margin of 14.83%. NetApp's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 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, June 1st. Stockholders of record on Friday, July 8th will be paid a dividend of $0.50 per share on Wednesday, July 27th. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, July 7th.
View NetApp's dividend history
.

Is NetApp a good dividend stock?

NetApp(NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.19%. The dividend payout ratio of NetApp is 48.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 39.84% 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 FY 2023 earnings guidance on Wednesday, June, 29th. The company provided earnings per share (EPS) guidance of $5.40-$5.60 for the period, compared to the consensus earnings per share estimate of $5.42. The company issued revenue guidance of $6.70 billion-$6.82 billion, compared to the consensus revenue estimate of $6.77 billion.

Who are NetApp's key executives?

NetApp's management team includes the following people:
  • Mr. George Kurian, CEO & Director (Age 55, Pay $3.58M)
  • Mr. Cesar Cernuda Rego, Pres (Age 49, Pay $3.09M) (LinkedIn Profile)
  • Mr. Michael J. Berry, Exec. VP & CFO (Age 59, Pay $1.68M) (LinkedIn Profile)
  • Mr. Matthew K. Fawcett, Exec. VP & Chief Strategy Officer (Age 54, Pay $1.26M) (LinkedIn Profile)
  • Mr. Robert Parks, VP & Chief Accounting Officer
  • 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
  • Ms. Elizabeth O'Callahan, Exec. VP, Chief Legal Officer & Gen. Counsel
  • Mr. James D. Whitemore, Exec. VP & Chief Marketing Officer (Age 57)

What is George Kurian's approval rating as NetApp's CEO?

390 employees have rated NetApp CEO George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among NetApp's employees.

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), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), Netflix (NFLX), Micron Technology (MU), Salesforce (CRM), Adobe (ADBE) and Tesla (TSLA).

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 shareholders include Insight Wealth Strategies LLC (0.01%). Company insiders that own NetApp stock include Carrie Palin, Cesar Cernuda, George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Michael J Berry, Michael J Berry, Scott R Allen and Thomas Michael Nevens.
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 Insight Wealth Strategies LLC. Company insiders that have sold NetApp company stock in the last two years include Carrie Palin, Cesar Cernuda, George Kurian, Matthew K Fawcett, and Thomas Michael Nevens.
View insider buying and selling activity for NetApp
or view top insider-selling 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.
Compare Top Brokerages Here.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $63.84.

How much money does NetApp make?

NetApp (NASDAQ:NTAP) has a market capitalization of $14.12 billion and generates $6.32 billion in revenue each year. The data storage provider earns $937 million in net income (profit) each year or $4.10 on an earnings per share basis.

How many employees does NetApp have?

NetApp employs 12,000 workers across the globe.

Does NetApp have any subsidiaries?

The following companies are subsidiares of NetApp: Akorri Networks, Alacritus Software, BYMS International Inc., Blue Steel Acquisition LLC, Bycast, Cache IQ, Cloud Jumper LLC, CloudCheckr, CloudJumper, Clu Acquisition LLC, Cognigo, Cognigo Research Ltd, Data Mechanics Inc., Decru, Decru B.V., Engenio, Fylamynt, Greenqloud, NA Technology C.V., NetApp (China) Limited, NetApp (Hong Kong) Limited, NetApp (Shanghai) Commercial Co. Ltd., NetApp (Thailand) Limited, NetApp Argentina S.R.L., NetApp Asia Pacific Holdings B.V., NetApp Australia Pty. Ltd., NetApp Austria GmbH, NetApp B.V., NetApp Belgium BVBA, NetApp Brasil Solucoes de Gerenciamento e Armazenamento de Dados Ltda, NetApp Canada Ltd., NetApp Capital Solutions Inc., NetApp Chile Limitada, NetApp Denmark ApS, NetApp Deutschland GmbH, NetApp Finland Oy, NetApp France SAS, NetApp G.K., NetApp Global Holdings Ltd., NetApp Global Limited, NetApp Holding & Manufacturing B.V., NetApp Holdings Limited, NetApp Iceland ehf., NetApp India Marketing and Services Private Limited, NetApp India Private Limited, NetApp Israel R&D Ltd., NetApp Israel Sales Limited, NetApp Italia S.r.l., NetApp Korea Limited, NetApp Luxembourg S.a.r.l., NetApp Malaysia Sdn. Bhd., NetApp Mexico S. de R.L. de C.V., NetApp New Zealand Limited, NetApp Nigeria Limited, NetApp Norway AS, NetApp Poland Sp. spółka z ograniczoną odpowiedzialnością, NetApp R&D LLC, NetApp Russia LLC, NetApp Singapore Pte. Ltd., NetApp South Africa (Pty) Limited, NetApp Spain Sales SL, NetApp Sweden AB, NetApp Switzerland GmbH, NetApp Teknoloji Limited Sirketi, NetApp U.S. Public Sector Inc., NetApp UK Ltd., NetApp VTC Inc., NetApp Vietnam Company Limited, NetCache Inc., Network Appliance (Sales) Limited, Network Appliance Saudi Arabia LLC, Onaro, Onaro Inc., Onaro Israel Ltd., PT. NetApp Indonesia, Plexistor, Plexistor Ltd., Riverbed Technology - SteelStore, Scharfnet Ltd, SolidFire, SolidFire B.V., SolidFire Holdings C.V., SolidFire Holdings LLC, SolidFire International LLC, Sonoma Holdings C.V., Sonoma Holdings LLC, Spinnaker Networks, Spot, Spotinst LLC, Spotinst Ltd., StackPointCloud, StackPointCloud LLC, Talon Storage, Talon Storage Solutions Inc., Topio, WebManage Technologies, and ionGrid.
Read More

When was NetApp founded?

NetApp was founded in 1992.

How can I contact NetApp?

NetApp's mailing address is 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089. The official website for NetApp is www.netapp.com. The data storage provider can be reached via phone at (408) 822-6000, via email at investor_relations@netapp.com, or via fax at 408-822-4501.

This page (NASDAQ:NTAP) was last updated on 7/6/2022 by MarketBeat.com Staff

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