NASDAQ:NTAPNetApp Stock Price, Forecast & News

NetApp's stock was trading at $40.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NTAP stock has decreased by 1.8% and is now trading at $39.73. View which stocks have been mosted impacted by Coronavirus.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 14 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for NetApp.

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, May 27th 2020. View our earnings forecast for NetApp.

NetApp Inc. (NASDAQ:NTAP) announced its earnings results on Wednesday, February, 12th. The data storage provider reported $1.16 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.18 by $0.02. The data storage provider had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.47 billion. NetApp had a net margin of 18.19% and a return on equity of 123.49%. The firm's revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 EPS. View NetApp's earnings history.

NetApp announced a quarterly dividend on Wednesday, February 12th. Shareholders of record on Friday, April 3rd will be given a dividend of $0.48 per share on Wednesday, April 22nd. This represents a $1.92 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Thursday, April 2nd. View NetApp's dividend history.

NetApp issued an update on its fourth quarter earnings guidance on Wednesday, February, 12th. The company provided earnings per share (EPS) guidance of $1.28-1.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39. The company issued revenue guidance of $1.455-1.605 billion, compared to the consensus revenue estimate of $1.57 billion.

25 brokerages have issued 12-month target prices for NetApp's shares. Their forecasts range from $32.00 to $93.00. On average, they expect NetApp's share price to reach $60.63 in the next twelve months. This suggests a possible upside of 52.6% from the stock's current price. View analysts' price targets for NetApp.

News headlines about NTAP stock have been trending very negative on Tuesday, according to InfoTrie. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. NetApp earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned news articles 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 stock's share price in the next few days. View the latest news aboutNetApp.

NetApp saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 11,482,400 shares, a decrease of 11.5% from the February 27th total of 12,970,000 shares. Based on an average trading volume of 2,752,700 shares, the days-to-cover ratio is currently 4.2 days. Currently, 5.2% of the shares of the stock are sold short. 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), Intel (INTC), Cisco Systems (CSCO), Micron Technology (MU), Twitter (TWTR), Adobe (ADBE), QUALCOMM (QCOM) and salesforce.com (CRM).

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

NetApp's stock is owned by many different retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.03%), American National Bank (0.01%), Bangor Savings Bank (0.00%) and IBM Retirement Fund (0.00%). 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 acquired by a variety of institutional investors in the last quarter, including American National Bank, State of Alaska Department of Revenue, IBM Retirement Fund, and Bangor Savings Bank. View insider buying and selling activity 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 $39.73.

NetApp has a market capitalization of $8.79 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]