NASDAQ:NTAP - NetApp Stock Price, News, & Analysis

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$66.02 +0.58 (+0.89 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$66.02
Today's Range$65.57 - $66.54
52-Week Range$54.50 - $88.08
Volume2.75 million shs
Average Volume3.23 million shs
Market Capitalization$16.31 billion
P/E Ratio22.08
Dividend Yield2.44%
Beta1.34
NetApp, Inc. provides software, systems, and services to manage and share date 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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.91 billion
Cash Flow$3.8518 per share
Book Value$4.98 per share

Profitability

Net Income$76 million

Miscellaneous

Employees10,300
Market Cap$16.31 billion
Next Earnings Date5/22/2019 (Estimated)
OptionableOptionable

NetApp (NASDAQ:NTAP) Frequently Asked Questions

What is NetApp's stock symbol?

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

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

NetApp announced a quarterly dividend on Wednesday, February 13th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.40 per share on Wednesday, April 24th. This represents a $1.60 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, April 4th. View NetApp's Dividend History.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) released its earnings results on Wednesday, February, 13th. The data storage provider reported $1.20 EPS for the quarter, topping the Zacks' consensus estimate of $1.15 by $0.05. The data storage provider earned $1.56 billion during the quarter, compared to analysts' expectations of $1.60 billion. NetApp had a return on equity of 60.32% and a net margin of 16.85%. The firm's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. View NetApp's Earnings History.

When is NetApp's next earnings date?

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, May 22nd 2019. View Earnings Estimates for NetApp.

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

NetApp updated its fourth quarter earnings guidance on Wednesday, February, 13th. The company provided earnings per share (EPS) guidance of $1.22-1.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.25. The company issued revenue guidance of $1.59-1.69 billion, compared to the consensus revenue estimate of $1.70 billion.NetApp also updated its Q4 2019 guidance to $1.22-1.28 EPS.

What price target have analysts set for NTAP?

28 equities research analysts have issued 1-year target prices for NetApp's shares. Their predictions range from $43.00 to $100.00. On average, they anticipate NetApp's share price to reach $77.6646 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price. View Analyst Price Targets for NetApp.

What is the consensus analysts' recommendation for NetApp?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 4 sell ratings, 8 hold ratings, 15 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Has NetApp been receiving favorable news coverage?

News stories about NTAP stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NetApp earned a daily sentiment score of 1.7 on InfoTrie's scale. They also gave news articles about the data storage provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.

Are investors shorting NetApp?

NetApp saw a decline in short interest in the month of January. As of January 15th, there was short interest totalling 13,649,877 shares, a decline of 17.3% from the December 31st total of 16,501,885 shares. Based on an average daily trading volume, of 2,342,068 shares, the days-to-cover ratio is currently 5.8 days. Approximately 5.4% of the company's shares are short sold. View NetApp's Current Options Chain.

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) and Quantum (QTM).

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), Alibaba Group (BABA), Twitter (TWTR), Netflix (NFLX), Cisco Systems (CSCO), Micron Technology (MU), Intel (INTC), General Electric (GE), salesforce.com (CRM) and Adobe (ADBE).

Who are NetApp's key executives?

NetApp's management team includes the folowing 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)

Who are NetApp's major shareholders?

NetApp's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.55%), Boston Partners (2.66%), Oregon Public Employees Retirement Fund (2.40%), Geode Capital Management LLC (1.62%), Bank of New York Mellon Corp (1.42%) and Northern Trust Corp (1.30%). Company insiders that own NetApp stock include Alan L Earhart, George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Jeffry R Allen, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace 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 MERIAN GLOBAL INVESTORS UK Ltd, Investec Asset Management LTD, Lord Abbett & CO. LLC, Millennium Management LLC, Two Sigma Advisers LP, Bank of America Corp DE, Los Angeles Capital Management & Equity Research Inc. and Dana Investment Advisors Inc.. Company insiders that have sold NetApp company stock in the last year include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill and Matthew K Fawcett. View Insider Buying and Selling for NetApp.

Which institutional investors are buying NetApp stock?

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Bank of New York Mellon Corp, First Trust Advisors LP, State of Tennessee Treasury Department, Korea Investment CORP, Duality Advisers LP, Nordea Investment Management AB and Boston Partners. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $66.02.

How big of a company is NetApp?

NetApp has a market capitalization of $16.31 billion and generates $5.91 billion in revenue each year. The data storage provider earns $76 million in net income (profit) each year or $2.99 on an earnings per share basis. NetApp employs 10,300 workers across the globe.

What is NetApp's official website?

The official website for NetApp is http://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]


MarketBeat Community Rating for NetApp (NASDAQ NTAP)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  941 (Vote Outperform)
Underperform Votes:  1,504 (Vote Underperform)
Total Votes:  2,445
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.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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