Free Trial
NASDAQ:NTAP

NetApp (NTAP) Stock Price, News & Analysis

NetApp logo
$122.64 +0.21 (+0.17%)
(As of 11/29/2024 05:27 PM ET)

About NetApp Stock (NASDAQ:NTAP)

Key Stats

Today's Range
$122.58
$124.20
50-Day Range
$115.31
$129.60
52-Week Range
$83.62
$135.45
Volume
935,179 shs
Average Volume
2.18 million shs
Market Capitalization
$24.93 billion
P/E Ratio
22.54
Dividend Yield
1.70%
Price Target
$137.40
Consensus Rating
Hold

Company Overview

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.

NetApp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

NTAP MarketRank™: 

NetApp scored higher than 96% of companies evaluated by MarketBeat, and ranked 44th out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.
  • Earnings Growth

    Earnings for NetApp are expected to grow by 8.06% in the coming year, from $5.83 to $6.30 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of NetApp is 22.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.08.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of NetApp is 22.54, 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 234.07.

  • Price to Earnings Growth Ratio

    NetApp has a PEG Ratio of 2.93. 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 27.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    4.89% 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 5.7.
  • Change versus previous month

    Short interest in NetApp has recently increased by 12.15%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    NetApp pays a meaningful dividend of 1.70%, 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 38.24%. 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 33.02% next year. This indicates that NetApp will be able to sustain or increase its dividend.

  • Read more about NetApp's dividend.
  • Percentage of Shares Shorted

    4.89% 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 5.7.
  • Change versus previous month

    Short interest in NetApp has recently increased by 12.15%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    NetApp has a news sentiment score of 1.11. 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 0.77 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 28 news articles for NetApp this week, compared to 12 articles on an average week.
  • Search Interest

    15 people have searched for NTAP on MarketBeat in the last 30 days. This is an increase of 36% compared to the previous 30 days.
  • MarketBeat Follows

    Only 10 people have added NetApp to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
  • 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 $2,807,851.00 in company stock.

  • Percentage Held by Insiders

    Only 0.47% 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.
Receive NTAP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for NetApp and its competitors with MarketBeat's FREE daily newsletter.

NTAP Stock News Headlines

Black Friday: 59% dividend from Bitcoin (No Crypto Needed)
Get a 59% Dividend from Bitcoin—No Crypto Required! Our Black Friday special reveals the "Bitcoin Income Vault," a strategy that lets you collect dividends from Bitcoin - without buying a single coin or trade options. Start with as little as $50 and have the chance to enjoy almost monthly payouts.
NetApp: Underappreciated Long-Term AI Beneficiary
Morgan Stanley Boosts NetApp (NASDAQ:NTAP) Price Target to $132.00
See More Headlines

NTAP Stock Analysis - Frequently Asked Questions

NetApp's stock was trading at $88.16 at the beginning of 2024. Since then, NTAP shares have increased by 39.1% and is now trading at $122.64.
View the best growth stocks for 2024 here
.

NetApp, Inc. (NASDAQ:NTAP) issued its quarterly earnings results on Thursday, November, 21st. The data storage provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.78 by $0.09. The firm's quarterly revenue was up 6.1% compared to the same quarter last year.
Read the conference call transcript
.

NetApp's board initiated 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 shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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

NetApp's top institutional investors include Primecap Management Co. CA (6.56%), State Street Corp (5.01%), Geode Capital Management LLC (2.92%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (1.35%). Insiders that own company stock include George Kurian, Cesar Cernuda, Gerald Held, Elizabeth M O'callahan, Thomas Michael Nevens, Lorenzo Daniel De, Robert Parks, Matthew K Fawcett and Carrie Palin.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that NetApp investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Verizon Communications (VZ).

Company Calendar

Ex-Dividend for 10/23 Dividend
10/04/2024
Dividend Payable
10/23/2024
Last Earnings
11/21/2024
Today
11/30/2024
Ex-Dividend for 1/22 Dividend
1/03/2025
Dividend Payable
1/22/2025
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
$137.40
High Stock Price Target
$160.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+12.0%
Consensus Rating
Hold
Rating Score (0-4)
2.24
Research Coverage
17 Analysts

Profitability

Net Income
$986 million
Pretax Margin
21.95%

Debt

Sales & Book Value

Annual Sales
$6.47 billion
Cash Flow
$6.48 per share
Book Value
$4.39 per share

Miscellaneous

Free Float
202,350,000
Market Cap
$24.93 billion
Optionable
Optionable
Beta
1.24

Social Links

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report

This page (NASDAQ:NTAP) was last updated on 12/1/2024 by MarketBeat.com Staff
From Our Partners