NetApp, Inc. (NTAP)

NASDAQ: NTAP · IEX Real-Time Price · USD
75.09
+0.45 (0.61%)
Aug 16, 2022 11:43 AM EDT - Market open
0.61%
Market Cap 16.50B
Revenue (ttm) 6.32B
Net Income (ttm) 937.00M
Shares Out 219.74M
EPS (ttm) 4.09
PE Ratio 18.36
Forward PE 13.64
Dividend $2.00 (2.66%)
Ex-Dividend Date Jul 7, 2022
Volume 163,162
Open 74.52
Previous Close 74.63
Day's Range 74.38 - 75.27
52-Week Range 61.26 - 96.82
Beta 1.21
Analysts Buy
Price Target 88.26 (+17.5%)
Earnings Date Aug 24, 2022

About 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, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric A... [Read more...]

Industry Technology Hardware, Storage & Peripherals
IPO Date Nov 21, 1995
CEO George Kurian
Employees 12,000
Stock Exchange NASDAQ
Ticker Symbol NTAP
Full Company Profile

Financial Performance

In 2022, NetApp's revenue was $6.32 billion, an increase of 9.99% compared to the previous year's $5.74 billion. Earnings were $937.00 million, an increase of 28.36%.

Financial Statements

Analyst Forecast

According to 30 analysts, the average rating for NTAP stock is "Buy." The 12-month stock price forecast is 88.26, which is an increase of 17.55% from the latest price.

Price Target
$88.26
(17.55% upside)
Analyst Consensus: Buy
Stock Forecasts

News

NetApp Recognizes 2022 North America Partner Award Winners

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), a global cloud-led, data-centric software company, today announced the winners of its North America Partner Awards for its Fiscal Year 2022 (FY'...

NetApp Hosts First Quarter of Fiscal Year 2023 Financial Results Webcast

SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Wednesday, August 24, 2022, NetApp (NASDAQ: NTAP) will announce financial results for the first quarter of fiscal year 2023, which ended July 29,...

Top 5 Stocks With High ROE to Buy as Recession Fears Rise

Marriott (MAR), NetApp (NTAP), Jabil (JBL), Matson (MATX) and United States Steel Corporation are some of the stocks with high ROE to profit as recession fears escalate.

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Spot by NetApp Announces Continuous Security Solution for Cloud Infrastructure

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced the general availability of Spot Security. Built for the cloud, Spot Securi...

Here's Why NetApp (NTAP) is a Strong Growth Stock

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NetApp (NTAP) Ties Up With Porsche to Boost Team Performance

NetApp (NTAP) partners with TAG Heuer Porsche Formula E Team to help the team make data-driven decisions in real time and enhance the car's overall performance.

NetApp (NTAP) is a Top-Ranked Value Stock: Should You Buy?

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The 7 Best Tech Dividend Stocks to Buy Right Now

These investments represent the Best Tech Dividend Stocks that boast incredible dividend profiles The post The 7 Best Tech Dividend Stocks to Buy Right Now appeared first on InvestorPlace. More From Inv...

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Supply is still the bigger challenge in our business, says NetApp CEO

George Kurian, NetApp CEO, joins 'TechCheck' to discuss trends in the enterprise cloud space, which headwinds he is primarily focused on and where he sees the most volatility in space.

NetApp (NTAP) Down 10.5% Since Last Earnings Report: Can It Rebound?

NetApp (NTAP) reported earnings 30 days ago. What's next for the stock?

Reasons to Retain NetApp (NTAP) Stock in Your Portfolio

NetApp (NTAP) expects to gain from the higher demand for cloud-integrated all-flash and object storage solutions. Stiff competition and supply chain woes weigh on it.

Here's Why NetApp Stock Has Failed To Outperform The S&P

NetApp Inc. (NASDAQ: NTAP) stock price gained just 8% from $60 at 2018 end to almost $65 currently, primarily due to a slight rise in its P/S multiple.

Top Wall Street analysts say these are the best stocks to beat the volatile market

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Apple and Bank of America.

Other symbols: AAPLBACIHSORCL

10 Best Dividend Stocks to Buy Now

These top dividend stocks are attractive at these levels and lower, and they add excellent diversity to a long-term investing portfolio.

NetApp: A Big Data Opportunity

Hybrid cloud data company NetApp Inc. ( NTAP , Financial) had a wild ride over the past several years before doubling in price during the bull market of 2020.

NetApp Simplifies Hybrid Cloud Operations, Protects Against Ransomware Threats and Helps Accelerate VMware Workload T...

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp announces innovations & solutions to provide enterprises with more simplicity, security & flexibility for their hybrid multicloud environments.

NetApp to Participate in Upcoming Technology Conference

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced the Company will participate in a fireside chat at the following conference: ...

NetApp (NTAP) Q4 Earnings Top Estimates, Revenues Up Y/Y

NetApp's (NTAP) fiscal fourth-quarter results reflect continued strength in the Hybrid Cloud and Public Cloud segments.

NetApp (NTAP) Surpasses Q4 Earnings Estimates

NetApp (NTAP) delivered earnings and revenue surprises of 11.81% and 0.24%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

NetApp Reports Fourth Quarter and Fiscal Year 2022 Results

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP) today reported financial results for the fourth quarter and fiscal year 2022, which ended on April 29, 2022. “Our solid fourth quarter results ca...

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Factors to Note Ahead of NetApp's (NTAP) Q4 Earnings Release

NetApp's (NTAP) fiscal fourth-quarter performance is likely to reflect strength in the Public Cloud Services and all-flash storage business

NetApp (NTAP) Reports Next Week: Wall Street Expects Earnings Growth

NetApp (NTAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NetApp (NTAP) Acquired Instaclustr to Boost Cloud Operations

NetApp's Instaclustr is part of a series of strategic acquisitions, including CloudCheckr, Data Mechanics, Fylamynt and Spot, to provide comprehensive solutions for Cloud Operations capabilities.

NetApp Closes Acquisition of Instaclustr

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp acquires Instaclustr, a platform provider of fully managed open-source database, pipeline & workflow applications delivered as a service.