NetApp, Inc. (NTAP)
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]
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 StatementsAnalyst 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.
News
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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...
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 ...
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...
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.
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U.S. stocks settled mixed on Friday, with the Nasdaq Composite recording a fifth straight record close.
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...
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.
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 ...
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...
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.
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 $...
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...
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...
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 ...
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...
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...
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,...
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...
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...
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...
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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...
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...