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NASDAQ:NTAP - NetApp Stock Price, Forecast & News

$62.42
-2.96 (-4.53 %)
(As of 01/19/2020 10:48 AM ET)
Today's Range
$61.93
Now: $62.42
$63.81
50-Day Range
$58.58
MA: $62.08
$65.37
52-Week Range
$44.55
Now: $62.42
$78.35
Volume4.20 million shs
Average Volume1.57 million shs
Market Capitalization$14.25 billion
P/E Ratio15.53
Dividend Yield2.94%
Beta1.58
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$4.79 per share
Book Value$4.41 per share

Profitability

Net Income$1.17 billion

Miscellaneous

Employees10,500
Market Cap$14.25 billion
Next Earnings Date2/12/2020 (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, November 13th. Investors of record on Friday, January 3rd will be given a dividend of $0.48 per share on Wednesday, January 22nd. This represents a $1.92 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, January 2nd. View NetApp's Dividend History.

How were NetApp's earnings last quarter?

NetApp Inc. (NASDAQ:NTAP) released its quarterly earnings results on Wednesday, November, 13th. The data storage provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.15. The data storage provider earned $1.37 billion during the quarter, compared to analyst estimates of $1.38 billion. NetApp had a net margin of 17.20% and a return on equity of 95.04%. NetApp's quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 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, February 12th 2020. View Earnings Estimates for NetApp.

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

NetApp issued an update on its FY 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $$5.654-5.654 billion, compared to the consensus revenue estimate of $$5.65 billion.

What price target have analysts set for NTAP?

26 analysts have issued twelve-month price objectives for NetApp's stock. Their forecasts range from $40.00 to $93.00. On average, they anticipate NetApp's stock price to reach $62.75 in the next year. This suggests a possible upside of 0.5% 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, 13 hold ratings and 10 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 stories about NTAP stock have been trending positive on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing 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 closest to five being the most favorable. NetApp earned a coverage optimism score of 2.2 on InfoTrie's scale. They also assigned news headlines 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 impact on the company's share price in the near future. View News Stories for NetApp.

Are investors shorting NetApp?

NetApp saw a decrease in short interest in December. As of December 31st, there was short interest totalling 13,350,000 shares, a decrease of 16.8% from the December 15th total of 16,040,000 shares. Based on an average daily trading volume, of 2,090,000 shares, the short-interest ratio is presently 6.4 days. Approximately 5.9% 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), Netflix (NFLX), Alibaba Group (BABA), Micron Technology (MU), Twitter (TWTR), Cisco Systems (CSCO), Adobe (ADBE), Intel (INTC), QUALCOMM (QCOM) and Advanced Micro Devices (AMD).

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 a number of of institutional and retail investors. Top institutional shareholders include Hamlin Capital Management LLC (0.21%), Boston Trust Walden Corp (0.09%), Beech Hill Advisors Inc. (0.03%), State of Alaska Department of Revenue (0.03%), Nisa Investment Advisors LLC (0.03%) and Manning & Napier Group LLC (0.03%). Company insiders that own NetApp stock include George Kurian, Gerald Held, Henri P Richard, Joel D Reich, Kathryn Hill, Matthew K Fawcett, Ronald J Pasek and Scott R Allen. 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 Commerzbank Aktiengesellschaft FI, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Zeke Capital Advisors LLC, State of Alaska Department of Revenue, Nisa Investment Advisors LLC, Steward Partners Investment Advisory LLC, IFM Investors Pty Ltd and IFP Advisors Inc. Company insiders that have sold NetApp company stock in the last year include Gerald Held, Henri P Richard, Joel D Reich, Matthew K Fawcett, Ronald J Pasek and Scott R Allen. View Insider Buying and Selling for NetApp.

Which institutional investors are buying NetApp stock?

NTAP stock was acquired by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Alpine Global Management LLC, Boston Trust Walden Corp, Assenagon Asset Management S.A., DNB Asset Management AS, Inlet Private Wealth LLC, HBW Advisory Services LLC and Bangor Savings Bank. 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, Robinhood, Fidelity and Charles Schwab.

What is NetApp's stock price today?

One share of NTAP stock can currently be purchased for approximately $62.42.

How big of a company is NetApp?

NetApp has a market capitalization of $14.25 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:  1,006 (Vote Outperform)
Underperform Votes:  1,592 (Vote Underperform)
Total Votes:  2,598
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 1/19/2020 by MarketBeat.com Staff

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