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NetApp (NTAP) Stock Price, News & Analysis

$133.41
+2.02 (+1.54%)
(As of 08/21/2024 ET)
Today's Range
$131.61
$133.86
50-Day Range
$115.61
$134.62
52-Week Range
$70.82
$135.01
Volume
1.07 million shs
Average Volume
1.91 million shs
Market Capitalization
$27.46 billion
P/E Ratio
28.75
Dividend Yield
1.56%
Price Target
$122.67

NetApp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.19 Rating Score
Upside/​Downside
8.1% Downside
$122.67 Price Target
Short Interest
Healthy
3.06% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.93mentions of NetApp in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$5.40 M Sold Last Quarter
Proj. Earnings Growth
8.96%
From $5.47 to $5.96 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.32 out of 5 stars

Computer And Technology Sector

134th out of 594 stocks

Computer Storage Devices Industry

3rd out of 4 stocks

NTAP stock logo

About NetApp Stock (NASDAQ:NTAP)

NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. In addition, it provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, and cloud operations services, such as NetApp Cloud Insights, Spot by NetApp, and Instaclustr. Further, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Additionally, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

NTAP Stock Price History

NTAP Stock News Headlines

Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
Citigroup Raises NetApp (NASDAQ:NTAP) Price Target to $130.00
2024 NetApp North America Partner Award Winners Named
NTAP Aug 2024 139.000 call (NTAP240816C00139000)
Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
NTAP Aug 2024 118.000 put
NTAP Aug 2024 115.000 call
Ariel Investments Global Q2 2024 Commentary
See More Headlines
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Company Calendar

Last Earnings
5/30/2024
Ex-Dividend for 7/24 Dividend
7/05/2024
Dividend Payable
7/24/2024
Today
8/22/2024
Next Earnings (Confirmed)
8/28/2024
Fiscal Year End
4/30/2025

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Storage & Peripherals
Current Symbol
NASDAQ:NTAP
CUSIP
64110D10
Employees
11,800
Year Founded
1992

Price Target and Rating

Average Stock Price Target
$122.67
High Stock Price Target
$155.00
Low Stock Price Target
$83.00
Potential Upside/Downside
-8.1%
Consensus Rating
Hold
Rating Score (0-4)
2.19
Research Coverage
16 Analysts

Profitability

Net Income
$986 million
Pretax Margin
20.15%

Debt

Sales & Book Value

Annual Sales
$6.27 billion
Cash Flow
$7.04 per share
Book Value
$5.57 per share

Miscellaneous

Free Float
205,041,000
Market Cap
$27.46 billion
Optionable
Optionable
Beta
1.27

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NTAP Stock Analysis - Frequently Asked Questions

How have NTAP shares performed this year?

NetApp's stock was trading at $88.16 at the beginning of the year. Since then, NTAP shares have increased by 51.3% and is now trading at $133.41.
View the best growth stocks for 2024 here
.

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) announced its earnings results on Thursday, May, 30th. The data storage provider reported $1.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.32. The firm's revenue was up 5.5% on a year-over-year basis.
Read the conference call transcript
.

Is NetApp buying back stock?

NetApp's Board of Directors authorized a stock repurchase plan on Thursday, May 30th 2024, which permits the company to repurchase $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its stock is undervalued.

What is George Kurian's approval rating as NetApp's CEO?

390 employees have rated NetApp Chief Executive Officer George Kurian on Glassdoor.com. George Kurian has an approval rating of 82% among the company's employees.

Does NetApp have any subsidiaries?

NetApp subsidiaries include these companies: Fylamynt, CloudCheckr, Data Mechanics Inc., Spot, CloudJumper, Talon Storage, Cognigo, and others.

Who are NetApp's major shareholders?

Top institutional shareholders of NetApp include Primecap Management Co. CA (6.70%), Ameriprise Financial Inc. (2.46%), Acadian Asset Management LLC (1.36%) and Legal & General Group Plc (1.17%). Insiders that own company stock include George Kurian, Cesar Cernuda, Gerald Held, Elizabeth M O'callahan, Thomas Michael Nevens, Robert Parks, Matthew K Fawcett and Carrie Palin.
View institutional ownership trends
.

How do I buy shares of NetApp?

Shares of NTAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NetApp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NetApp investors own include NVIDIA (NVDA), Intel (INTC), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), Netflix (NFLX) and Micron Technology (MU).

This page (NASDAQ:NTAP) was last updated on 8/22/2024 by MarketBeat.com Staff

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