How have NTAP shares performed this year?

NetApp's stock was trading at $88.16 at the beginning of 2024. Since then, NTAP stock has increased by 29.5% and is now trading at $114.18. View the best growth stocks for 2024 here .

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) released its quarterly earnings results on Wednesday, August, 28th. The data storage provider reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The firm's quarterly revenue was up 7.6% on a year-over-year basis. Read the conference call transcript .

Is NetApp buying back stock?

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

Who are NetApp's major shareholders?

Top institutional investors 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) .

NASDAQ:NTAP

NetApp (NTAP) Stock Price, News & Analysis

$114.18

-2.64 (-2.26%)

(As of 09/6/2024 ET)

Compare

Today's Range: $113.68
▼
$117.57
50-Day Range: $114.18
▼
$134.62
52-Week Range: $70.82
▼
$135.01

Volume: 1.73 million shs
Average Volume: 1.92 million shs
Market Capitalization: $23.50 billion

P/E Ratio: 24.61
Dividend Yield: 1.82%
Price Target: $129.06

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NetApp MarketRank™ Stock Analysis

Analyst Rating: Hold
2.24 Rating Score
Upside/Downside: 13.0% Upside
$129.06 Price Target
Short Interest: Healthy
3.08% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.63
Upright™ Environmental Score
News Sentiment: 0.82
Based on 22 Articles This Week
Insider Trading: Selling Shares
$5.40 M Sold Last Quarter
Proj. Earnings Growth: 7.46%
From $5.63 to $6.05 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.

4.73 out of 5 stars

Computer And Technology Sector

69th out of 594 stocks

Computer Storage Devices Industry

2nd out of 4 stocks

3.1

Analyst's Opinion

Consensus Rating
NetApp has received a consensus rating of Hold. The company's average rating score is 2.24, and is based on 5 buy ratings, 11 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
NetApp has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about NetApp's stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
3.08% of the float of NetApp has been sold short.
Short Interest Ratio / Days to Cover
NetApp has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NetApp has recently increased by 0.32%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
NetApp pays a meaningful dividend of 1.75%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
NetApp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of NetApp is 44.83%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, NetApp will have a dividend payout ratio of 34.38% next year. This indicates that NetApp will be able to sustain or increase its dividend.
Read more about NetApp's dividend.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
NetApp has received a 18.79% net impact score from Upright. NetApp seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Physical servers", "Hosted database services", and "Hosted data storage services" products. See details.
Environmental Sustainability
The Environmental Impact score for NetApp is -0.63.

2.7

News and Social Media Coverage

News Sentiment
NetApp has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 22 news articles for NetApp this week, compared to 10 articles on an average week.
Search Interest
Only 18 people have searched for NTAP on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
MarketBeat Follows
Only 12 people have added NetApp to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NetApp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,395,146.00 in company stock.
Percentage Held by Insiders
Only 0.37% of the stock of NetApp is held by insiders.
Percentage Held by Institutions
92.17% of the stock of NetApp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about NetApp's insider trading history.

2.5

Earnings and Valuation

Earnings Growth
Earnings for NetApp are expected to grow by 7.46% in the coming year, from $5.63 to $6.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NetApp is 24.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of NetApp is 24.61, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 281.04.
Price to Earnings Growth Ratio
NetApp has a PEG Ratio of 4.88. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
NetApp has a P/B Ratio of 25.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about NetApp's valuation and earnings.

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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

30 days | 90 days | 365 days | Advanced Chart

NTAP Stock News Headlines

September 5 at 2:09 AM | americanbankingnews.com

Analysts Set NetApp, Inc. (NASDAQ:NTAP) Price Target at $127.67

September 4 at 3:05 AM | americanbankingnews.com

NetApp (NASDAQ:NTAP) Upgraded to "Buy" at Loop Capital

September 7, 2024 | Porter & Company (Ad)

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September 3, 2024 | businesswire.com

NetApp Appoints Gus Shahin to Enable Accelerated Growth as Executive Vice President of Business Technology and Operations

September 3, 2024 | seekingalpha.com

NetApp upgraded to Buy by Loop following last week's drop

September 3, 2024 | americanbankingnews.com

Q4 2025 EPS Estimates for NetApp, Inc. Boosted by Analyst (NASDAQ:NTAP)

September 1, 2024 | seekingalpha.com

NetApp: No More Near-Term Good News Left - Downgrading To Hold

August 31, 2024 | msn.com

NetApp Analysts Boost Their Forecasts After Upbeat Earnings

September 7, 2024 | Porter & Company (Ad)

Why billionaires are wiring money to abandoned towns

A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution.

August 31, 2024 | seekingalpha.com

NetApp produces solid Q1 results, raises outlook, but shares drop