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NASDAQ:NTAP

NetApp (NTAP) Stock Forecast, Price & News

$73.68
+2.18 (+3.05%)
(As of 05/17/2022 12:21 PM ET)
Add
Compare
Today's Range
$72.71
$73.96
50-Day Range
$69.68
$89.69
52-Week Range
$68.23
$96.82
Volume
21,265 shs
Average Volume
1.98 million shs
Market Capitalization
$16.40 billion
P/E Ratio
16.67
Dividend Yield
2.81%
Beta
1.24
30 days | 90 days | 365 days | Advanced Chart
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NetApp logo

About NetApp

NetApp, Inc. provides software, systems, and cloud services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud storage services, including NetApp Cloud Volumes; cloud control solutions, such as NetApp Cloud Manager and NetApp Virtual Desktop Service; cloud services and analytics comprising NetApp Cloud Insights, NetApp Cloud Sync, NetApp Cloud Compliance, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Cloud Backup, and NetApp Global File Cache; and Cloud Optimization solutions, such as Spot by NetApp, Spot Cloud Analyzer by NetApp, Spot Eco by NetApp, Spot Ocean by NetApp, Spot Wave by NetApp, Spot Elastigroup by NetApp, and NetApp Virtual Desktop Managed Service. It provides data storage solutions comprising NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, NetApp SolidFire, and NetApp HCI; data protection solutions, such as NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Data Availability Services; and data management solutions, including NetApp ONTAP Storage Management System, NetApp ElementOS software, NetApp SANtricity software, NetApp Active IQ Digital Advisor, OnCommand Insight, and OnCommand Workflow Automation. In addition, the company offers application-aware data management service under the NetApp Astra name; and payment solutions and storage-as-a-service under the NetApp Keystone name. Further, it provides assessment, design, consulting, and implementation services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

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Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:NTAP
CUSIP
64110D10
Employees
11,000
Year Founded
1992

Sales & Book Value

Annual Sales
$5.74 billion
Cash Flow
$4.42 per share
Book Value
$3.08 per share

Profitability

Net Income
$730 million
Pretax Margin
20.33%

Debt

Price-To-Earnings

Miscellaneous

Free Float
221,913,000
Market Cap
$16.40 billion
Optionable
Optionable

Company Calendar

Last Earnings
2/23/2022
Ex-Dividend for 4/27 Dividend
4/07/2022
Dividend Payable
4/27/2022
Today
5/17/2022
Next Earnings (Confirmed)
6/01/2022
Fiscal Year End
4/30/2023

Social Links


MarketRank

Overall MarketRank

2.85 out of 5 stars

Computer And Technology Sector

66th out of 930 stocks

Computer Storage Devices Industry

2nd out of 6 stocks

Analyst Opinion: 4.3Community Rank: 3.7Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













NetApp (NASDAQ:NTAP) Frequently Asked Questions

Is NetApp a buy right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NetApp stock.
View analyst ratings for NetApp
or view top-rated stocks.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, June 1st 2022.
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, June 1st at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) issued its earnings results on Wednesday, February, 23rd. The data storage provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The data storage provider earned $1.61 billion during the quarter, compared to analysts' expectations of $1.61 billion. NetApp had a trailing twelve-month return on equity of 126.47% and a net margin of 16.34%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share.
View NetApp's earnings history
.

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

NetApp announced a quarterly dividend on Wednesday, February 23rd. Shareholders of record on Friday, April 8th will be paid a dividend of $0.50 per share on Wednesday, April 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, April 7th.
View NetApp's dividend history
.

Is NetApp a good dividend stock?

NetApp pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.81%. The dividend payout ratio of NetApp is 45.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 44.54% next year. This indicates that NetApp will be able to sustain or increase its dividend.
View NetApp's dividend history.

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

NetApp issued an update on its FY 2022 earnings guidance on Wednesday, March, 23rd. The company provided earnings per share guidance of $5.070-$5.170 for the period, compared to the consensus estimate of $5.060. The company issued revenue guidance of $6.32 billion-$6.32 billion, compared to the consensus revenue estimate of $6.31 billion.

What price target have analysts set for NTAP?

20 analysts have issued 12-month target prices for NetApp's shares. Their forecasts range from $81.00 to $124.00. On average, they expect NetApp's stock price to reach $100.22 in the next year. This suggests a possible upside of 35.8% from the stock's current price.
View analysts' price targets for NetApp
or view top-rated stocks among Wall Street analysts.

Who are NetApp's key executives?
NetApp's management team includes the following people:
  • Mr. George Kurian, CEO & Director (Age 55, Pay $3.58M)
  • Mr. Cesar Cernuda Rego, Pres (Age 49, Pay $3.09M) (LinkedIn Profile)
  • Mr. Michael J. Berry, Exec. VP & CFO (Age 59, Pay $1.68M) (LinkedIn Profile)
  • Mr. Matthew K. Fawcett, Exec. VP & Chief Strategy Officer (Age 54, Pay $1.26M) (LinkedIn Profile)
  • Mr. Robert Parks, VP & Chief Accounting Officer
  • Mr. Jeffrey K. Bergmann, VP of Corp. Fin.
  • Mr. William H. Miller Jr., Sr. VP & Chief Information Officer
  • Ms. Kris Newton, VP of Corp. Communications & Investor Relations
  • Ms. Elizabeth O'Callahan, Exec. VP, Chief Legal Officer & Gen. Counsel
  • Mr. James D. Whitemore, Exec. VP & Chief Marketing Officer (Age 57)
What is George Kurian's approval rating as NetApp's CEO?

390 employees have rated NetApp CEO George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among NetApp's employees.

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), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), Netflix (NFLX), Micron Technology (MU), Salesforce (CRM), Adobe (ADBE) and Tesla (TSLA).

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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.60%), BlackRock Inc. (8.14%), Primecap Management Co. CA (7.57%), State Street Corp (4.32%), Wellington Management Group LLP (3.74%) and Boston Partners (1.81%). Company insiders that own NetApp stock include Carrie Palin, Cesar Cernuda, George Kurian, Matthew K Fawcett, Michael J Berry 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 First Trust Advisors LP, Arrowstreet Capital Limited Partnership, Primecap Management Co. CA, Goldman Sachs Group Inc., APG Asset Management N.V., Renaissance Technologies LLC, State Street Corp, and BlackRock Inc.. Company insiders that have sold NetApp company stock in the last year include Carrie Palin, Cesar Cernuda, George Kurian, Matthew K Fawcett, and Thomas Michael Nevens.
View insider buying and selling activity for NetApp
or view top insider-selling stocks.

Which institutional investors are buying NetApp stock?

NTAP stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Ardevora Asset Management LLP, Boston Partners, Mariner LLC, Acadian Asset Management LLC, Victory Capital Management Inc., Vanguard Group Inc., and Pacer Advisors Inc..
View insider buying and selling activity for NetApp
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $73.82.

How much money does NetApp make?

NetApp has a market capitalization of $16.43 billion and generates $5.74 billion in revenue each year. The data storage provider earns $730 million in net income (profit) each year or $4.42 on an earnings per share basis.

How many employees does NetApp have?

NetApp employs 11,000 workers across the globe.

Does NetApp have any subsidiaries?

The following companies are subsidiares of NetApp: Akorri Networks, Alacritus Software, BYMS International Inc., Blue Steel Acquisition LLC, Bycast, Cache IQ, CloudCheckr, CloudJumper, Clu Acquisition LLC, Cognigo, Data Mechanics Inc., Decru, Decru B.V., Engenio, Greenqloud, Greenqloud ehf., NA Technology C.V., NetApp (China) Limited, NetApp (Hong Kong) Limited, NetApp (Shanghai) Commercial Co. Ltd., NetApp (Thailand) Limited, NetApp Argentina S.R.L., NetApp Asia Pacific Holdings B.V., NetApp Australia Pty. Ltd., NetApp Austria GmbH, NetApp B.V., NetApp Belgium BVBA, NetApp Brasil Solucoes de Gerenciamento e Armazenamento de Dados Ltda, NetApp Canada Ltd., NetApp Capital Solutions Inc., NetApp Chile Limitada, NetApp Denmark ApS, NetApp Deutschland GmbH, NetApp Finland Oy, NetApp France SAS, NetApp G.K., NetApp Global Holdings Ltd., NetApp Global Limited, NetApp Holding & Manufacturing B.V., NetApp Holdings Limited, NetApp India Marketing and Services Private Limited, NetApp India Private Limited, NetApp Israel R&D Ltd., NetApp Israel Sales Limited, NetApp Italia S.r.l., NetApp Korea Limited, NetApp Luxembourg S.a.r.l., NetApp Malaysia Sdn. Bhd., NetApp Mexico S. de R.L. de C.V., NetApp New Zealand Limited, NetApp Nigeria Limited, NetApp Norway AS, NetApp Poland Sp. spółka z ograniczoną odpowiedzialnością, NetApp Russia LLC, NetApp Singapore Pte. Ltd., NetApp South Africa (Pty) Limited, NetApp Spain Sales SL, NetApp Sweden AB, NetApp Switzerland GmbH, NetApp Teknoloji Limited Sirketi, NetApp U.S. Public Sector Inc., NetApp UK Ltd., NetApp VTC Inc., NetApp Vietnam Company Limited, NetCache Inc., Network Appliance (Sales) Limited, Network Appliance Saudi Arabia LLC, Onaro, Onaro Inc., Onaro Israel Ltd., PT. NetApp Indonesia, Plexistor, Plexistor Ltd., Riverbed Technology - SteelStore, Scharfnet Ltd, SolidFire, SolidFire B.V., SolidFire Holdings C.V., SolidFire Holdings LLC, SolidFire International LLC, SolidFire LLC, Sonoma Holdings C.V., Sonoma Holdings LLC, Spinnaker Networks, Spot, StackPointCloud, Talon Storage, Topio, WebManage Technologies, and ionGrid.

When was NetApp founded?

NetApp was founded in 1992.

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, via email at [email protected], or via fax at 408-822-4501.

This page was last updated on 5/17/2022 by MarketBeat.com Staff

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