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NASDAQ:NTAP

NetApp (NTAP) Stock Price, News & Analysis

$117.88
+0.56 (+0.48%)
(As of 03:08 PM ET)
Today's Range
$116.18
$117.91
50-Day Range
$114.18
$134.62
52-Week Range
$70.82
$135.01
Volume
756,493 shs
Average Volume
1.91 million shs
Market Capitalization
$24.14 billion
P/E Ratio
25.41
Dividend Yield
1.76%
Price Target
$129.06

NetApp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.24 Rating Score
Upside/​Downside
10.0% Upside
$129.06 Price Target
Short Interest
Healthy
2.60% 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 14 Articles This Week
Insider Trading
Selling Shares
$5.40 M Sold Last Quarter
Proj. Earnings Growth
6.62%
From $5.74 to $6.12 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.

4.52 out of 5 stars

Computer And Technology Sector

44th out of 602 stocks

Computer Storage Devices Industry

2nd out of 5 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

Fear of an impending recession
A lot of traders are worried about the threat of a recession… and with good reason. How can you guard against the worst case scenario? Use a tool that could see this collapse coming… Like my 10 AM Income Project. Back in July, the trading tool behind this 10 AM Income Project fired a serious warning signal… Even though NVDA was firing on all cylinders and every stock trader in the world seemed to want a piece, I saw the “red flag” because of these two lines…
NetApp upgraded to Buy by Loop following last week's drop
Fear of an impending recession
A lot of traders are worried about the threat of a recession… and with good reason. How can you guard against the worst case scenario? Use a tool that could see this collapse coming… Like my 10 AM Income Project. Back in July, the trading tool behind this 10 AM Income Project fired a serious warning signal… Even though NVDA was firing on all cylinders and every stock trader in the world seemed to want a piece, I saw the “red flag” because of these two lines…
NetApp (NTAP) Receives a Hold from Barclays
See More Headlines
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Company Calendar

Ex-Dividend for 7/24 Dividend
7/05/2024
Dividend Payable
7/24/2024
Last Earnings
8/28/2024
Today
9/16/2024
Ex-Dividend for 10/23 Dividend
10/04/2024
Dividend Payable
10/23/2024
Next Earnings (Estimated)
11/26/2024
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
$129.06
High Stock Price Target
$155.00
Low Stock Price Target
$83.00
Potential Upside/Downside
+10.0%
Consensus Rating
Hold
Rating Score (0-4)
2.24
Research Coverage
17 Analysts

Profitability

Net Income
$986 million
Pretax Margin
21.58%

Debt

Sales & Book Value

Annual Sales
$6.27 billion
Cash Flow
$6.55 per share
Book Value
$4.54 per share

Miscellaneous

Free Float
205,041,000
Market Cap
$24.02 billion
Optionable
Optionable
Beta
1.23

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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 2024. Since then, NTAP stock has increased by 33.1% and is now trading at $117.35.
View the best growth stocks for 2024 here
.

How were NetApp's earnings last quarter?

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

Is NetApp buying back stock?

NetApp's Board of Directors approved a share repurchase program 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 purchase up to 4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Does NetApp have any subsidiaries?

The following companies are subsidiaries of NetApp: Fylamynt, CloudCheckr, Data Mechanics Inc., Spot, CloudJumper, Talon Storage, Cognigo, and more.

Who are NetApp's major shareholders?

NetApp's top institutional investors 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 9/16/2024 by MarketBeat.com Staff

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