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NASDAQ:NTAPNetApp Stock Price, Forecast & News

$42.21
-0.89 (-2.06 %)
(As of 08/6/2020 04:00 PM ET)
Add
Compare
Today's Range
$41.88
Now: $42.21
$42.87
50-Day Range
$40.97
MA: $43.63
$45.56
52-Week Range
$34.66
Now: $42.21
$65.38
Volume3.68 million shs
Average Volume2.56 million shs
Market Capitalization$9.37 billion
P/E Ratio11.92
Dividend Yield4.45%
Beta1.27
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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NetApp logo

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$4.49 per share
Book Value$1.09 per share

Profitability

Net Income$819 million

Miscellaneous

Employees10,800
Market Cap$9.37 billion
Next Earnings Date8/19/2020 (Confirmed)
OptionableOptionable
$42.21
-0.89 (-2.06 %)
(As of 08/6/2020 04:00 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 been impacted by COVID-19 (Coronavirus)?

NetApp's stock was trading at $40.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NTAP stock has increased by 4.4% and is now trading at $42.21.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of NetApp?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 12 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 19th 2020.
View our earnings forecast for NetApp
.

How can I listen to NetApp's earnings call?

NetApp will be holding an earnings conference call on Wednesday, August 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) issued its quarterly earnings results on Wednesday, May, 27th. The data storage provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.15. The data storage provider had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.37 billion. NetApp had a return on equity of 168.65% and a net margin of 15.13%. The company's quarterly revenue was down 12.0% compared to the same quarter last year. During the same period last year, the firm posted $1.22 earnings per share.
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 given a dividend of $0.48 per share on Wednesday, July 29th. This represents a $1.92 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, July 9th.
View NetApp's dividend history
.

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

NetApp issued an update on its first quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share guidance of $0.36-0.44 for the period, compared to the Thomson Reuters consensus earnings per share 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?

21 analysts have issued twelve-month target prices for NetApp's stock. Their forecasts range from $34.00 to $75.00. On average, they expect NetApp's stock price to reach $51.29 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price.
View analysts' price targets for NetApp
.

Has NetApp been receiving favorable news coverage?

News headlines about NTAP stock have trended very positive on Thursday, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. NetApp earned a daily sentiment score of 3.2 on InfoTrie's scale. They also gave media headlines about the data storage provider a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely 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 the month of 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 trading volume of 2,380,000 shares, the short-interest ratio is presently 5.6 days. Approximately 6.0% of the shares of the company are sold short.
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 number of retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (2.07%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), Miller Howard Investments Inc. NY (0.42%), Swiss National Bank (0.39%), Seizert Capital Partners LLC (0.37%) and LSV Asset Management (0.29%). 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., Seizert Capital Partners LLC, SG Americas Securities LLC, Arizona State Retirement System, Optimal Asset Management Inc., OmniStar Financial Group Inc., New York State Teachers Retirement System, and Cresset Asset Management LLC. 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 First Trust Advisors LP, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Miller Howard Investments Inc. NY, Retirement Systems of Alabama, LSV Asset Management, PGGM Investments, Railway Pension Investments Ltd, and CHURCHILL MANAGEMENT Corp.
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 $42.21.

How big of a company is NetApp?

NetApp has a market capitalization of $9.37 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 8/6/2020 by MarketBeat.com Staff

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