Should I buy or sell NetApp stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NTAP shares. 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 NTAP analyst ratings or view top-rated stocks .

What is NetApp's stock price target for 2024?

17 Wall Street research analysts have issued 12-month target prices for NetApp's stock. Their NTAP share price targets range from $80.00 to $155.00. On average, they expect the company's stock price to reach $117.81 in the next year. This suggests that the stock has a possible downside of 8.5%. View analysts price targets for NTAP or view top-rated stocks among Wall Street analysts .

How have NTAP shares performed in 2024?

NetApp's stock was trading at $88.16 on January 1st, 2024. Since then, NTAP shares have increased by 46.1% and is now trading at $128.80. View the best growth stocks for 2024 here .

When is NetApp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 28th 2024. View our NTAP earnings forecast .

How can I listen to NetApp's earnings call?

NetApp will be holding an earnings conference call on Thursday, February 27th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were NetApp's earnings last quarter?

NetApp, Inc. (NASDAQ:NTAP) posted its earnings results on Thursday, May, 30th. The data storage provider reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.32. The data storage provider earned $1.67 billion during the quarter, compared to analysts' expectations of $1.65 billion. NetApp had a net margin of 15.73% and a trailing twelve-month return on equity of 114.54%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 earnings per share. Read the conference call transcript .

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

NetApp declared a quarterly dividend on Thursday, May 30th. Investors of record on Friday, July 5th will be paid a dividend of $0.52 per share on Wednesday, July 24th. This represents a $2.08 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, July 5th. This is an increase from the stock's previous quarterly dividend of $0.50. Read our dividend analysis for NTAP .

Is NetApp a good dividend stock?

NetApp (NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.55%. The dividend payout ratio is 43.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTAP will have a dividend payout ratio of 33.56% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NTAP .

What ETFs hold NetApp's stock?

ETFs with the largest weight of NetApp (NASDAQ:NTAP) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) , Affinity World Leaders Equity ETF (WLDR) , Fidelity Cloud Computing ETF (FCLD) , Mohr Growth ETF (MOHR) , Direxion Work From Home ETF (WFH) , AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) , Amplify Global Cloud Technology ETF (IVES) and VictoryShares Nasdaq Next 50 ETF (QQQN) .

How will NetApp's stock buyback program work?

NetApp announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 30th 2024, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its stock is undervalued.

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

NetApp updated its FY 2025 earnings guidance on Thursday, May, 30th. The company provided EPS guidance of 6.800-7.000 for the period, compared to the consensus earnings per share estimate of 6.740. The company issued revenue guidance of $6.5 billion-$6.7 billion, compared to the consensus revenue estimate of $6.5 billion.

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.

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 (CRM) , Adobe (ADBE) and Tesla (TSLA) .

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 .

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, Cloud Jumper LLC, CloudCheckr, CloudJumper, Clu Acquisition LLC, Cognigo, Cognigo Research Ltd, Data Mechanics Inc., Decru, Decru B.V., Engenio, Fylamynt, Greenqloud, 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 Iceland ehf., 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 R&D LLC, 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, Sonoma Holdings C.V., Sonoma Holdings LLC, Spinnaker Networks, Spot, Spotinst LLC, Spotinst Ltd., StackPointCloud, StackPointCloud LLC, Talon Storage, Talon Storage Solutions Inc., Topio, WebManage Technologies, and ionGrid. Read More

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NASDAQ:NTAP

NetApp (NTAP) Stock Price, News & Analysis

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Free NTAP Stock Alerts

$128.80

-0.23 (-0.18%)

(As of 06/28/2024 08:56 PM ET)

Compare

Today's Range: $128.31
▼
$130.18
50-Day Range: $97.91
▼
$129.03
52-Week Range: $70.82
▼
$130.87

Volume: 3.20 million shs
Average Volume: 2.01 million shs
Market Capitalization: $26.51 billion

P/E Ratio: 27.76
Dividend Yield: 1.55%
Price Target: $117.81

NetApp MarketRank™ Stock Analysis

Analyst Rating: Hold
2.24 Rating Score
Upside/Downside: 8.5% Downside
$117.81 Price Target
Short Interest: Healthy
2.52% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.63
Upright™ Environmental Score
News Sentiment: 0.92
Based on 13 Articles This Week
Insider Trading: Selling Shares
$2.35 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.

4.67 out of 5 stars

Computer And Technology Sector

52nd out of 588 stocks

Computer Storage Devices Industry

1st out of 5 stocks

2.1

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 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about NetApp's stock forecast and price target.

4.0

Short Interest

Percentage of Shares Shorted
2.52% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NetApp has recently decreased by 1.15%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
NetApp pays a meaningful dividend of 1.55%, 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 43.10%. 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 33.56% 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.

3.8

News and Social Media Coverage

News Sentiment
NetApp has a news sentiment score of 0.92. 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 0.76 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for NetApp this week, compared to 10 articles on an average week.
Search Interest
31 people have searched for NTAP on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.
MarketBeat Follows
10 people have added NetApp to their MarketBeat watchlist in the last 30 days. This is an increase of 233% 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 $2,345,409.00 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 8.96% in the coming year, from $5.47 to $5.96 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NetApp is 27.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of NetApp is 27.76, 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 237.63.
Price to Earnings Growth Ratio
NetApp has a PEG Ratio of 5.21. 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 23.12. 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

June 28 at 7:54 AM | insidertrades.com

Insider Selling: NetApp, Inc. (NASDAQ:NTAP) CFO Sells 7,500 Shares of Stock

June 26, 2024 | insidertrades.com

Insider Selling: NetApp, Inc. (NASDAQ:NTAP) Director Sells 3,334 Shares of Stock

July 1, 2024 | InvestorPlace (Ad)

Where AI is REALLY Going Next

Buying Nvidia was a good idea – twenty years ago when I first recommended it (for up to 37,000% gains). But chipmakers are the FIRST GENERATION of AI. And just like the dot-com era… That’s NOT where the big money will be made.

June 25, 2024 | marketbeat.com

NetApp Stock: Riding the AI Wave – Is It a Buy?

Data infrastructure solutions provider NetApp Inc. NASDAQ: NTAP stock has hit 20-year highs. The company is reaping benefits from the artificial intelligence (AI) boom as data centers ramp up infrastructure to handle surging data demands and traffic.

June 25, 2024 | marketbeat.com

NetApp Stock: Riding the AI Wave – Is It a Buy?

Data infrastructure solutions provider NetApp Inc. (NASDAQ: NTAP) stock has hit 20-year highs. The company is reaping benefits from the artificial intelligene

June 21, 2024 | marketbeat.com

Dell and Super Micro Computer: Musk's Favorite AI Hardware Stocks (NTAP)

Elon Musk just chose these two stocks to provide him with the necessary AI hardware for his next venture, analysts agree with this decision

June 3, 2024 | marketbeat.com

4 Stocks Making New Highs Despite Market Weakness (NTAP)

While the market faced challenges on Friday, Birkenstock, NetApp, Eli Lilly, and Aflac showed notable strength by achieving new 52-week highs.

June 3, 2024 | marketbeat.com

Four Stocks Making New Highs Despite Market Weakness

Despite the market's dramatic sell-off on Friday, some stocks showed impressive strength by making new 52-week highs. While big tech led the market decline, these four stocks, Birkenstock, NetApp, Eli Lilly, and Aflac, demonstrated resilience and robust performance, along with displaying overall relative strength to the market and their respective sectors.

July 1, 2024 | InvestorPlace (Ad)

Where AI is REALLY Going Next

June 28 at 8:26 AM | americanbankingnews.com

NetApp, Inc. (NASDAQ:NTAP) CFO Michael J. Berry Sells 7,500 Shares

June 27, 2024 | americanbankingnews.com

NetApp, Inc. (NASDAQ:NTAP) Director Sells $424,518.22 in Stock

June 26, 2024 | businesswire.com

NetApp Earns AAA Rating for Industry-First AI-Driven On-Box Ransomware Detection Solution

June 24, 2024 | stocknews.com

Should You Invest in NetApp for Long-Term Gains?

June 22, 2024 | americanbankingnews.com

NetApp, Inc. (NASDAQ:NTAP) Receives $117.81 Consensus Target Price from Brokerages

June 20, 2024 | businesswire.com

Spot by NetApp Achieves FinOps Foundation's Certified Platform Certification

June 4, 2024 | businesswire.com

NetApp Hosts Investor Day

June 4, 2024 | businesswire.com

Porsche Motorsport Appoints NetApp as Exclusive Intelligent Data Infrastructure Partner

June 2, 2024 | investing.com

Street calls of the week: Upgrades for Dupont, Datadog and NetApp

May 30, 2024 | investorplace.com

NTAP Stock Earnings: NetApp Beats EPS, Beats Revenue for Q4 2024

May 30, 2024 | seekingalpha.com

NetApp increases dividend by ~4% to $0.52

May 30, 2024 | reuters.com

NetApp beats revenue estimates on robust demand for cloud services

May 30, 2024 | businesswire.com

NetApp Reports Fourth Quarter and Fiscal Year 2024 Results

May 29, 2024 | ca.finance.yahoo.com

NTAP Sep 2024 145.000 call

May 28, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Box (BOX) and NetApp (NTAP)

May 27, 2024 | markets.businessinsider.com

Analyst Issues Sell Rating on NetApp Amidst Modest Revenue Uptick and Gross Margin Declines

May 24, 2024 | investing.com

Survey suggests 'largely stable demand environment' in IT hardware sector

May 24, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Technology Companies: NetApp (NTAP) and Workday (WDAY)

See More Headlines

Company Calendar

Ex-Dividend for 4/24 Dividend: 4/04/2024
Dividend Payable: 4/24/2024
Last Earnings: 5/30/2024
Today: 6/30/2024
Ex-Dividend for 7/24 Dividend: 7/05/2024
Dividend Payable: 7/24/2024
Next Earnings (Estimated): 8/28/2024
Fiscal Year End: 4/30/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Computer storage devices
Sub-Industry: Computer Storage & Peripherals
Current Symbol: NASDAQ:NTAP
CUSIP: 64110D10
CIK: 1002047
Web: www.netapp.com
Phone: (408) 822-6000
Fax: 408-822-4501
Employees: 11,800
Year Founded: 1992

Price Target and Rating

Average Stock Price Target: $117.81
High Stock Price Target: $155.00
Low Stock Price Target: $80.00
Potential Upside/Downside: -8.5%
Consensus Rating: Hold
Rating Score (0-4): 2.24
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.64
Trailing P/E Ratio: 27.76
Forward P/E Ratio: 23.55
P/E Growth: 5.21
Net Income: $986 million
Net Margins: 15.73%
Pretax Margin: 20.15%
Return on Equity: 114.54%
Return on Assets: 11.52%

Debt

Debt-to-Equity Ratio: 1.74
Current Ratio: 1.19
Quick Ratio: 1.15

Sales & Book Value

Annual Sales: $6.27 billion
Price / Sales: 4.23
Cash Flow: $6.46 per share
Price / Cash Flow: 19.93
Book Value: $5.57 per share
Price / Book: 23.12

Miscellaneous

Outstanding Shares: 205,800,000
Free Float: 205,041,000
Market Cap: $26.51 billion
Optionable: Optionable
Beta: 1.25

Social Links

Key Executives

Mr. George Kurian (Age 57)
CEO & Director
Comp: $1.46M
Mr. Cesar Cernuda Rego (Age 52)
President
Comp: $1.15M
Mr. Michael J. Berry (Age 61)
Executive VP & CFO
Comp: $785.81k
Ms. Elizabeth M. O'Callahan (Age 55)
Executive VP, Chief Legal Officer & Corporate Secretary
Comp: $616.1k
Mr. Harvinder S. Bhela (Age 52)
Executive VP & Chief Product Officer
Comp: $911.81k
Mr. Daniel De Lorenzo (Age 41)
VP, Controller & Chief Accounting Officer
Mr. William H. Miller Jr.
Senior VP & Chief Information Officer
Ms. Kris Newton
VP of Corporate Communications & Investor Relations
Ms. Gabrielle Boko
Chief Marketing Officer
Dr. Alessandra Ginante Yockelson (Age 49)
Executive VP & CHRO

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NTAP Stock Analysis - Frequently Asked Questions

Should I buy or sell NetApp stock right now?: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There are currently 1 sell rating, 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NTAP shares. 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 NTAP analyst ratings or view top-rated stocks.
What is NetApp's stock price target for 2024?: 17 Wall Street research analysts have issued 12-month target prices for NetApp's stock. Their NTAP share price targets range from $80.00 to $155.00. On average, they expect the company's stock price to reach $117.81 in the next year. This suggests that the stock has a possible downside of 8.5%.
View analysts price targets for NTAP or view top-rated stocks among Wall Street analysts.
How have NTAP shares performed in 2024?: NetApp's stock was trading at $88.16 on January 1st, 2024. Since then, NTAP shares have increased by 46.1% and is now trading at $128.80.
View the best growth stocks for 2024 here.
When is NetApp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 28th 2024.
View our NTAP earnings forecast.
How can I listen to NetApp's earnings call?: NetApp will be holding an earnings conference call on Thursday, February 27th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were NetApp's earnings last quarter?: NetApp, Inc. (NASDAQ:NTAP) posted its earnings results on Thursday, May, 30th. The data storage provider reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.32. The data storage provider earned $1.67 billion during the quarter, compared to analysts' expectations of $1.65 billion. NetApp had a net margin of 15.73% and a trailing twelve-month return on equity of 114.54%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 earnings per share.
Read the conference call transcript.
How often does NetApp pay dividends? What is the dividend yield for NetApp?: NetApp declared a quarterly dividend on Thursday, May 30th. Investors of record on Friday, July 5th will be paid a dividend of $0.52 per share on Wednesday, July 24th. This represents a $2.08 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, July 5th. This is an increase from the stock's previous quarterly dividend of $0.50.
Read our dividend analysis for NTAP.
Is NetApp a good dividend stock?: NetApp (NASDAQ:NTAP) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.55%. The dividend payout ratio is 43.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTAP will have a dividend payout ratio of 33.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NTAP.

What ETFs hold NetApp's stock?: ETFs with the largest weight of NetApp (NASDAQ:NTAP) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT), Affinity World Leaders Equity ETF (WLDR), Fidelity Cloud Computing ETF (FCLD), Mohr Growth ETF (MOHR), Direxion Work From Home ETF (WFH), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Amplify Global Cloud Technology ETF (IVES) and VictoryShares Nasdaq Next 50 ETF (QQQN).
How will NetApp's stock buyback program work?: NetApp announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 30th 2024, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its stock is undervalued.
What guidance has NetApp issued on next quarter's earnings?: NetApp updated its FY 2025 earnings guidance on Thursday, May, 30th. The company provided EPS guidance of 6.800-7.000 for the period, compared to the consensus earnings per share estimate of 6.740. The company issued revenue guidance of $6.5 billion-$6.7 billion, compared to the consensus revenue estimate of $6.5 billion.
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.
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 (CRM), Adobe (ADBE) and Tesla (TSLA).
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.
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, Cloud Jumper LLC, CloudCheckr, CloudJumper, Clu Acquisition LLC, Cognigo, Cognigo Research Ltd, Data Mechanics Inc., Decru, Decru B.V., Engenio, Fylamynt, Greenqloud, 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 Iceland ehf., 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 R&D LLC, 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, Sonoma Holdings C.V., Sonoma Holdings LLC, Spinnaker Networks, Spot, Spotinst LLC, Spotinst Ltd., StackPointCloud, StackPointCloud LLC, Talon Storage, Talon Storage Solutions Inc., Topio, WebManage Technologies, and ionGrid.
Read More

This page (NASDAQ:NTAP) was last updated on 7/1/2024 by MarketBeat.com Staff

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NetApp (NTAP) Stock Price, News & Analysis

NetApp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Consensus Rating

Amount of Analyst Coverage

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Dividend Yield

Dividend Growth

Dividend Coverage

Dividend Sustainability

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Insider Buying vs. Insider Selling

Percentage Held by Insiders

Percentage Held by Institutions

Earnings and Valuation

Earnings Growth

Price to Earnings Ratio vs. the Market

Price to Earnings Ratio vs. Sector

Price to Earnings Growth Ratio

Price to Book Value per Share Ratio