NASDAQ:NTAP - NetApp Stock Price, News & Analysis

$46.76
+0.29 (+0.62 %)
(As of 08/18/2019 04:49 AM ET)
Today's Range
$46.10
Now: $46.76
$47.02
50-Day Range
$45.1150
MA: $56.10
$62.58
52-Week Range
$44.55
Now: $46.76
$88.08
Volume2.89 million shs
Average Volume3.24 million shs
Market Capitalization$11.17 billion
P/E Ratio11.63
Dividend Yield4.29%
Beta1.48
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. Read More…

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$6.15 billion
Cash Flow$5.2480 per share
Book Value$4.41 per share

Profitability

Net Income$1.17 billion

Miscellaneous

Employees10,500
Market Cap$11.17 billion
Next Earnings Date11/13/2019 (Estimated)
OptionableOptionable

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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, August 14th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.48 per share on Wednesday, October 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, October 3rd. View NetApp's Dividend History.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) released its earnings results on Wednesday, August, 14th. The data storage provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.46 by $0.19. The data storage provider earned $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. NetApp had a return on equity of 70.80% and a net margin of 16.74%. The company's quarterly revenue was down 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. View NetApp's Earnings History.

When is NetApp's next earnings date?

NetApp is scheduled to release their next quarterly earnings announcement on Wednesday, November 13th 2019. View Earnings Estimates for NetApp.

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

NetApp updated its second quarter earnings guidance on Wednesday, August, 14th. The company provided earnings per share (EPS) guidance of $0.91-0.99 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.87. The company issued revenue guidance of $1.325-1.475 billion, compared to the consensus revenue estimate of $1.35 billion.

What price target have analysts set for NTAP?

26 equities research analysts have issued 1-year price objectives for NetApp's shares. Their predictions range from $40.00 to $93.00. On average, they anticipate NetApp's share price to reach $59.2194 in the next year. This suggests a possible upside of 26.6% from the stock's current price. View Analyst Price Targets for NetApp.

What is the consensus analysts' recommendation for NetApp?

26 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 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NetApp.

Has NetApp been receiving favorable news coverage?

Media coverage about NTAP stock has been trending negative recently, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. NetApp earned a news impact score of -2.3 on InfoTrie's scale. They also gave news stories about the data storage provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for NetApp.

Are investors shorting NetApp?

NetApp saw a increase in short interest in July. As of July 31st, there was short interest totalling 16,955,400 shares, an increase of 7.3% from the June 30th total of 15,808,800 shares. Based on an average daily volume of 2,800,000 shares, the short-interest ratio is presently 6.1 days. Currently, 6.9% of the company's stock 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), Twitter (TWTR), Netflix (NFLX), Alibaba Group (BABA), Micron Technology (MU), Adobe (ADBE), Cisco Systems (CSCO), Intel (INTC), Advanced Micro Devices (AMD) and salesforce.com (CRM).

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 Primecap Management Co. CA (13.91%), Vanguard Group Inc. (12.15%), BlackRock Inc. (7.47%), Renaissance Technologies LLC (2.80%), Invesco Ltd. (2.53%) and Allianz Asset Management GmbH (1.70%). Company insiders that own NetApp stock include George Kurian, George T Shaheen, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Richard P Wallace, Ronald J Pasek 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 Investec Asset Management LTD, APG Asset Management N.V., AQR Capital Management LLC, Allianz Asset Management GmbH, First Trust Advisors LP, Primecap Management Co. CA, Janus Henderson Group PLC and Janus Henderson Group PLC. Company insiders that have sold NetApp company stock in the last year include George Kurian, Henri P Richard, Joel D Reich, Matthew K Fawcett and Ronald J Pasek. View Insider Buying and Selling for NetApp.

Which institutional investors are buying NetApp stock?

NTAP stock was bought by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., Invesco Ltd., Nuveen Asset Management LLC, Marshall Wace LLP, Worldquant Millennium Advisors LLC, Capital Bank & Trust Co, UBS Asset Management Americas Inc. and Jacobs Levy Equity Management Inc.. 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 $46.76.

How big of a company is NetApp?

NetApp has a market capitalization of $11.17 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.

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:  978 (Vote Outperform)
Underperform Votes:  1,543 (Vote Underperform)
Total Votes:  2,521
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 8/18/2019 by MarketBeat.com Staff

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