NASDAQ:NTAPNetApp Stock Price, Forecast & News

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 9.3% and is now trading at $44.2225. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 3 sell ratings, 15 hold ratings and 6 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, August 12th 2020. View our earnings forecast for NetApp.

NetApp Inc. (NASDAQ:NTAP) posted its earnings results on Wednesday, May, 27th. The data storage provider reported $1.19 EPS for the quarter, topping the Thomson Reuters' consensus estimate 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 net margin of 15.13% and a return on equity of 168.65%. NetApp's quarterly revenue was down 12.0% on a year-over-year basis. During the same period last year, the company earned $1.22 earnings per share. View NetApp's earnings history.

NetApp announced a quarterly dividend on Wednesday, May 27th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, July 9th. View NetApp's dividend history.

NetApp issued an update on its first quarter earnings guidance on Wednesday, May, 27th. The company provided EPS 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.

24 Wall Street analysts have issued 12-month price objectives for NetApp's shares. Their forecasts range from $34.00 to $75.00. On average, they anticipate NetApp's stock price to reach $51.11 in the next year. This suggests a possible upside of 15.6% from the stock's current price. View analysts' price targets for NetApp.

News coverage about NTAP stock has been trending negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. NetApp earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave news coverage about the data storage provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news about 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 daily volume of 2,380,000 shares, the days-to-cover ratio is presently 5.6 days. Currently, 6.0% of the company's shares 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). View all competitors.

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).

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

NetApp's stock is owned by a number of institutional and retail investors. Top institutional investors include Hexavest Inc. (0.14%), Envestnet Asset Management Inc. (0.08%), State of Alaska Department of Revenue (0.06%), DNB Asset Management AS (0.01%), Gateway Investment Advisers LLC (0.01%) and IFM Investors Pty Ltd (0.01%). 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.

NTAP stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., OmniStar Financial Group Inc., Gateway Investment Advisers LLC, IFM Investors Pty Ltd, DNB Asset Management AS, HBW Advisory Services LLC, and IBM Retirement Fund. 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.

NTAP stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Envestnet Asset Management Inc., Cypress Capital Group, Cantor Fitzgerald Investment Adviser L.P., NuWave Investment Management LLC, Fruth Investment Management, Bangor Savings Bank, and Hoey Investments Inc.. 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 $44.22.

NetApp has a market capitalization of $9.78 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.

The official website for NetApp is 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]