NetApp, Inc. (NTAP)
| Market Cap | 25.28B |
| Revenue (ttm) | 6.38B |
| Net Income (ttm) | 1.09B |
| Shares Out | 204.78M |
| EPS (ttm) | 5.12 |
| PE Ratio | 24.12 |
| Forward PE | 17.10 |
| Dividend | $2.08 (1.69%) |
| Ex-Dividend Date | Oct 4, 2024 |
| Volume | 2,160,321 |
| Open | 122.40 |
| Previous Close | 122.20 |
| Day's Range | 121.27 - 123.52 |
| 52-Week Range | 77.46 - 135.01 |
| Beta | 1.22 |
| Analysts | Buy |
| Price Target | 131.38 (+6.42%) |
| Earnings Date | Nov 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 18 analysts, the average rating for NTAP stock is "Buy." The 12-month stock price forecast is $131.38, which is an increase of 6.42% from the latest price.
News
NetApp's Q2 Earnings Preview: Profits, Partnerships, And The Path Forward
NetApp's Q1 2025 earnings were underwhelming, but the company is evolving from traditional storage to "intelligent data infrastructure," integrating with major cloud providers. The AFF A-series and AI...
New NetApp Storage Offerings Modernize Workloads for Businesses of All Sizes
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced updates to its portfolio of enterprise storage offerings including new NetApp AF...
NetApp Collaborates with Red Hat to Deliver Increased Flexibility for Virtualized Environments
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced an expanded collaboration with Red Hat, Inc., the world's leading provider of op...
NetApp Hosts Second Quarter of Fiscal Year 2025 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Thursday, November 21, 2024, NetApp (NASDAQ: NTAP) will announce financial results for the second quarter of fiscal year 2025 which ended Octob...
NetApp Elevates Pamela Hennard to Chief Diversity and Inclusion Officer, Accelerating its Vision for a More Inclusive Future
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the appointment of Pamela Hennard as the new Chief Diversity and Inclusion Offic...
NetApp: Why Investors Should Remain Bullish For Fiscal 2025
I believe NetApp's valuation at 17x forward non-GAAP EPS is attractive for a tech company with its growth potential. I'm impressed by the company's focus on AI workloads, cloud integration, and flash ...
2 Stocks Riding the Recovery in Cloud Computing Driven by AI
The artificial intelligence (AI) boom has been underway throughout 2024 despite many legacy technologies still undergoing normalization after a fantastic post-pandemic reopening surge in 2021. The acc...
Ex-Dividend Reminder: American Express, NetApp And Helios Technologies
On 10/4/24, American Express, NetApp, and Helios Technologies will all trade ex-dividend for their respective upcoming dividends. American Express will pay its quarterly dividend of $0.70 on 11/8/24, ...
NetApp Expands Collaboration with Google Cloud to Provide Data Storage for Distributed Cloud Infrastructure
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the expansion of its strategic partnership with Google Cloud with the integratio...
NetApp: Trading At Great Value Despite AI Tailwinds
NetApp has benefited from a surge in AI infrastructure spending, helping push its billings growth rates to the double digits. The stock has risen ~40% year to date in response to renewed growth trends...
Dremio and NetApp Deliver Scalable, Secure, High-Performance Hybrid Iceberg Lakehouse Capabilities with New integrated Data Management and Analytics Solution
Partnership enhances performance, security, and cost efficiency for customers Partnership enhances performance, security, and cost efficiency for customers
F5 and NetApp Accelerate and Streamline Large Language Model AI Deployments
SEATTLE & SAN JOSE, Calif.--(BUSINESS WIRE)--F5 (NASDAQ: FFIV) and NetApp (NASDAQ: NTAP) today announced an expanded collaboration to accelerate and streamline enterprise AI capabilities using secure ...
NetApp Powers the Future of AI with Intelligent Data Infrastructure
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced new developments in its collaboration with industry leaders to accelerate AI inn...
NetApp Accelerates Critical Block Storage Workloads with New High-Performance Systems
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the release of its new all-flash NetApp ASA A-Series storage systems, optimized ...
NetApp Makes Data More Resilient with Secure Storage
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced enhancements to its portfolio of cyber resiliency offerings to strengthen securi...
NetApp Teams with NVIDIA to Redefine Enterprise RAG and Power Agentic AI
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today unveiled an advanced generative AI data vision and end-to-end integrated solutions that co...
Our Top 10 Dividend Growth Stocks - September 2024
This article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitatively and...
NetApp Signs Strategic Collaboration Agreement with AWS to Enhance Cloud-Based Data Services
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the expansion of its decade-long relationship with Amazon Web Services (AWS) to ...
Aruba and NetApp Partner to Elevate IT Offerings
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that it has become the preferred data infrastructure provider of Aruba, a domina...
NetApp Hosts Technology Sessions at 2024 Insight Conference in Las Vegas, Nevada
SUNNYVALE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP) will hold their 2024 INSIGHT™ customer conference in Las Vegas, Nevada on September 23 – 25, 2024. On Monday, September 23, 2024, NetApp will ...
Nvidia, NetApp And 2 Other Stocks Executives Are Selling
The Nasdaq 100 closed higher by around 1% during Thursday's session. Investors, meanwhile, focused on some notable insider trades.
Guardian Expands Its Focus on Senior Housing, Hires Abbey Kent as VP of Senior Living
PORTLAND, Ore.--(BUSINESS WIRE)--Guardian, a leader in the Pacific Northwest for real estate development, management, and investment, is pleased to announce the hiring of Abbey Kent as Vice President ...
Anaplan Selects NetApp to Unify Data Storage to Accelerate AI
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced that Anaplan, provider of a market-leading platform for business planning and de...
Trade Tracker: Josh Brown Sells NetApp
Josh Brown, CEO at Ritholtz Wealth Management, joins CNBC's 'Halftime Report' to explain why he sold out of NetApp.
NetApp Appoints Gus Shahin to Enable Accelerated Growth as Executive Vice President of Business Technology and Operations
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the original intelligent data infrastructure company, today announced Gus Shahin as the company's Executive Vice President of Business Techno...