NASDAQ:NTAP

NetApp Stock Forecast, Price & News

$79.59
+0.58 (+0.73 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$78.50
$79.98
50-Day Range
$76.71
$83.63
52-Week Range
$40.08
$84.19
Volume1.15 million shs
Average Volume1.77 million shs
Market Capitalization$17.77 billion
P/E Ratio24.72
Dividend Yield2.53%
Beta1.28
30 days | 90 days | 365 days | Advanced Chart
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NetApp logo

About NetApp

NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud data services, including NetApp Cloud Volumes Service for AWS, NetApp Cloud Volumes ONTAP, NetApp Cloud Sync, NetApp Cloud Secure, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Kubernetes Service, and NetApp Cloud Insights. It also provides cloud infrastructure solutions, such as FlexPod, a portfolio of pre-validated designs and integration; NetApp HCI for public cloud consumption experience; and NetApp StorageGRID, a software-defined object-based storage solution. The company also offers storage systems and software, including 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 MAX Data; NetApp FlexArray storage virtualization software; NetApp OnCommand API Services; NetApp Active IQ software; NetApp data availability services; NetApp SnapCenter backup management software; NetApp SnapMirror data replication software; NetApp MetroCluster business continuity softwa

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MarketRank

Overall MarketRank

2.34 out of 5 stars

Computer And Technology Sector

79th out of 1,650 stocks

Computer Storage Devices Industry

1st out of 8 stocks

Analyst Opinion: 2.2Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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NetApp (NASDAQ:NTAP) Frequently Asked Questions

Is NetApp a buy right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 9 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NetApp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTAP, but not buy additional shares or sell existing shares.
View analyst ratings for NetApp
or view top-rated stocks.

What stocks does MarketBeat like better than NetApp?

Wall Street analysts have given NetApp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but NetApp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is NetApp's next earnings date?

NetApp is scheduled to release its next quarterly earnings announcement on Wednesday, August 25th 2021.
View our earnings forecast for NetApp
.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) issued its quarterly earnings results on Tuesday, June, 1st. The data storage provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.05. The data storage provider had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. NetApp had a net margin of 12.71% and a trailing twelve-month return on equity of 164.35%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 EPS.
View NetApp's earnings history
.

How has NetApp's stock price been impacted by COVID-19 (Coronavirus)?

NetApp's stock was trading at $40.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NTAP shares have increased by 96.8% and is now trading at $79.59.
View which stocks have been most impacted by COVID-19
.

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

NetApp announced a quarterly dividend on Wednesday, June 2nd. Shareholders of record on Friday, July 9th will be given a dividend of $0.50 per share on Wednesday, July 28th. This represents a $2.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, July 8th. This is a boost from NetApp's previous quarterly dividend of $0.48.
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 2.53%. The dividend payout ratio of NetApp is 60.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 43.67% 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 updated its FY 2022 earnings guidance on Tuesday, June, 29th. The company provided earnings per share (EPS) guidance of $4.450-$4.650 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.520. The company issued revenue guidance of $6.09 billion-$6.15 billion, compared to the consensus revenue estimate of $5.96 billion.

What price target have analysts set for NTAP?

21 equities research analysts have issued twelve-month target prices for NetApp's shares. Their forecasts range from $39.00 to $100.00. On average, they anticipate NetApp's share price to reach $71.82 in the next twelve months. This suggests that the stock has a possible downside of 9.8%.
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:
  • George Kurian, Chief Executive Officer & Director
  • César Cernuda Rego, President
  • Bill Berg, Senior Vice President-Operations
  • Michael J. Berry, Chief Financial Officer & Executive Vice President
  • Biren Fondekar, Chief Transformation Officer

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.com (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 a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%), Manning & Napier Group LLC (0.06%), Oregon Public Employees Retirement Fund (0.05%), IFM Investors Pty Ltd (0.01%), Access Financial Services Inc. (0.01%) and Albert D Mason Inc. (0.01%). Company insiders that own NetApp stock include Cesar Cernuda, Gerald Held, Henri P Richard, Joel D Reich, Michael J Berry, Scott R Allen and Thomas Michael Nevens.
View institutional ownership trends for NetApp
.

Which major investors are selling NetApp stock?

NTAP stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Harel Insurance Investments & Financial Services Ltd., Capital Investment Advisory Services LLC, Raymond James Trust N.A., Albert D Mason Inc., and Access Financial Services Inc.. Company insiders that have sold NetApp company stock in the last year include Cesar Cernuda, and Thomas Michael Nevens.
View insider buying and selling activity for NetApp
or view top insider-selling stocks.

Which major investors are buying NetApp stock?

NTAP stock was purchased by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Oregon Public Employees Retirement Fund, IFM Investors Pty Ltd, Brookstone Capital Management, Q3 Asset Management, Segment Wealth Management LLC, New Mexico Educational Retirement Board, and Red Door Wealth Management LLC.
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 $79.59.

How much money does NetApp make?

NetApp has a market capitalization of $17.77 billion and generates $5.74 billion in revenue each year. The data storage provider earns $730 million in net income (profit) each year or $3.30 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, CloudJumper, Clu Acquisition LLC, Cognigo, 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.

Where are NetApp's headquarters?

NetApp is headquartered at 1395 CROSSMAN AVENUE, SUNNYVALE CA, 94089.

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]


This page was last updated on 7/30/2021 by MarketBeat.com Staff
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