NetApp, Inc. (NTAP)

NASDAQ: NTAP · IEX Real-Time Price · USD
129.88
-0.36 (-0.28%)
At close: Jul 2, 2024, 4:00 PM
130.52
+0.64 (0.49%)
After-hours: Jul 2, 2024, 7:59 PM EDT
-0.28%
Market Cap 26.73B
Revenue (ttm) 6.27B
Net Income (ttm) 986.00M
Shares Out 205.80M
EPS (ttm) 4.63
PE Ratio 28.05
Forward PE 18.80
Dividend $2.08 (1.60%)
Ex-Dividend Date Jul 5, 2024
Volume 1,519,313
Open 128.76
Previous Close 130.24
Day's Range 128.74 - 130.65
52-Week Range 70.82 - 131.02
Beta 1.24
Analysts Buy
Price Target 117.47 (-9.56%)
Earnings Date Aug 21, 2024

About NTAP

NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Hybrid Cloud and Public Could. The company offers data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and NetApp Astra; and storage infrastructure solutions, including... [Read more]

Sector Technology
IPO Date Nov 21, 1995
Employees 12,000
Stock Exchange NASDAQ
Ticker Symbol NTAP
Full Company Profile

Financial Performance

In 2024, NetApp's revenue was $6.27 billion, a decrease of -1.48% compared to the previous year's $6.36 billion. Earnings were $986.00 million, a decrease of -22.61%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for NTAP stock is "Buy." The 12-month stock price forecast is $117.47, which is a decrease of -9.56% from the latest price.

Price Target
$117.47
(-9.56% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Jim Cramer reviews 10 stocks leading the S&P 500 in the second quarter

CNBC's Jim Cramer on Friday analyzed stocks that helped the S&P 500 see significant gains this year so far, highlighting the top ten performers during the second quarter. Many of last quarter's winnin...

4 days ago - CNBC

Super Micro and Nvidia lead the S&P 500 this year. These stocks follow.

This has been a very good year for the stock market as a whole, although the performance of broad U.S. indexes also underscores how important the weighting of an index can be.

4 days ago - Market Watch

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

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that NetApp ONTAP® Autonomous Ransomware Protection with Artificial Intelligence...

6 days ago - Business Wire

Up 45% This Year, Will Higher Flash Array Sales And Gen AI Drive NetApp Stock Higher?

NetApp a company that provides on-premises data storage systems and public cloud services, has had a solid year so far, rising by close to 45% since early January with its stock trading at about $128 ...

7 days ago - Forbes

Spot by NetApp Achieves FinOps Foundation's Certified Platform Certification

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that Spot by NetApp has achieved the FinOps Certified Platform certification fro...

12 days ago - Business Wire

Trade Tracker: Josh Brown buys NetApp

Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he's buying NetApp as it hits a 52-week high.

14 days ago - CNBC Television

This Analyst With 86% Accuracy Rate Sees Over 13% Upside In Alphabet - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks settled mixed on Friday, with the Nasdaq Composite recording a fifth straight record close.

Other symbols: GOOGAVGOBDCRH
15 days ago - Benzinga

NetApp Continues to Expand Sales Leadership Bench to Drive Aggressive Growth with U.S. Enterprises

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that it strengthened its sales team to accelerate growth objectives and facilita...

21 days ago - Business Wire

NetApp (NTAP) CEO on A.I. Innovation

NetApp (NTAP) hits its highest level since 2000. CEO George Kurian joins Oliver Renick to give an overview of the company and discuss A.I.

22 days ago - Schwab Network

NetApp Hosts Investor Day

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp, Inc. (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the Company will host an investor day on Tuesday, June 11, 2024, from 8:30 ...

4 weeks ago - Business Wire

Porsche Motorsport Appoints NetApp as Exclusive Intelligent Data Infrastructure Partner

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that it has expanded its relationship with Porsche Motorsport to become the excl...

4 weeks ago - Business Wire

NTAP, DELL, MDB, ZS, COST: Earnings Extravaganza

NetApp (NTAP), Dell (DELL), MongoDB (MDB), ZScaler (ZS), and Costco's (COST) earnings were just released. Kevin Green and Diane King Hall discuss the takeaways from these earnings.

Other symbols: DELLCOSTMDBZS
4 weeks ago - Schwab Network

NetApp beats revenue estimates on robust demand for cloud services

NetApp topped fourth-quarter revenue estimates on Thursday on strong demand for its cloud-based data management services, while the company also approved a new share buyback plan worth an additional $...

4 weeks ago - Reuters

NetApp Reports Fourth Quarter and Fiscal Year 2024 Results

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today reported financial results for the fourth quarter and fiscal year 2024, which ended on Apri...

4 weeks ago - Business Wire

NetApp and Lenovo Offer Converged Infrastructure Solution Optimized for GenAI

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced NetApp AIPod with Lenovo ThinkSystem servers for NVIDIA OVX, a converged infrast...

7 weeks ago - Business Wire

NetApp Unveils Unified Data Storage Built for the AI Era

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced new leading AFF A-Series systems that can power the most demanding IT workloads ...

7 weeks ago - Business Wire

New Market Research Finds Up to 20% of AI Initiatives Fail Without Intelligent Data Infrastructure

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today unveiled insights from its latest report on the evolving landscape of AI in the enterprise...

2 months ago - Business Wire

NetApp Appoints Market Growth and Revenue Operations Leader, Dallas Olson to Chief Commercial Officer Role

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today announced Dallas Olson as the company's new Chief Commercial Officer, reporting to NetApp's...

2 months ago - Business Wire

NetApp Hosts Fourth Quarter and Fiscal Year 2024 Financial Results Webcast

SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Thursday, May 30, 2024, NetApp (NASDAQ: NTAP) will announce financial results for the fourth quarter and fiscal year 2024 which ended April 26,...

2 months ago - Business Wire

NetApp's 2024 Cloud Complexity Report Reveals AI Disrupt or Die Era Unfolding Globally

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today released its second annual Cloud Complexity Report. The report analyzes the experiences of...

2 months ago - Business Wire

NetApp Partners with Google Cloud to Maximize Flexibility for Cloud Data Storage

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced an expansion of its partnership with Google Cloud to make it easier for organiza...

2 months ago - Business Wire

NetApp Wins Google Cloud Technology Partner of the Year Award for Infrastructure - Storage

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, announced it has received the 2024 Google Cloud Technology Partner of the Year Award in the Infr...

3 months ago - Business Wire

It's time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.

That was Federal Reserve Gov. Chris Waller pounding the table over the need for patience on interest rate cuts in a much-anticipated speech on Wednesday night.

3 months ago - Market Watch

NetApp Empowers Customers to Securely “Talk to Their Data” in Collaboration with NVIDIA

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP) today announced it is collaborating with NVIDIA to advance retrieval-augmented generation (RAG) for generative AI applications. The new collab...

3 months ago - Business Wire

NetApp Appoints Technology Industry Titan Alessandra Yockelson as Chief Human Resources Officer

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today announced Alessandra Yockelson has joined the company as Chief Human Resources Officer, rep...

3 months ago - Business Wire