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NetApp, Inc. (NTAP)

NASDAQ: NTAP · IEX Real-Time Price · USD
95.00
+1.99 (2.14%)
After-hours:Oct 22, 2021 7:00 PM EDT
93.01
0.27 (0.29%)
At close: Oct 22, 4:00 PM
Market Cap20.74B
Revenue (ttm)5.90B
Net Income (ttm)855.00M
Shares Out223.00M
EPS (ttm)3.75
PE Ratio24.81
Forward PE18.80
Dividend$1.94 (2.09%)
Ex-Dividend DateOct 7, 2021
Volume1,922,334
Open92.99
Previous Close92.74
Day's Range92.72 - 94.23
52-Week Range41.09 - 94.69
Beta1.27
AnalystsBuy
Price Target95.67 (+2.9%)
Est. Earnings DateNov 30, 2021

About NTAP

NetApp, Inc. provides software, systems, and cloud services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud storage services, including NetApp Cloud Volumes; cloud control solutions, such as NetApp Cloud Manager and NetApp Virtual Desktop Service; cloud services and analytics comprising NetApp Cloud Insights, NetApp Cloud Sync, NetApp Cloud Compliance, NetApp Cloud Tiering, NetApp SaaS Backup, NetApp Cloud Backup, and NetApp Global File Cache; and Cloud Optimization solutions, such as Spot...

IndustryTechnology Hardware, Storage & Peripherals
IPO DateNov 21, 1995
CEOThomas Georgens
Employees11,000
Stock ExchangeNASDAQ
Ticker SymbolNTAP
Full Company Profile

Financial Performance

In 2021, NetApp's revenue was $5.74 billion, an increase of 6.13% compared to the previous year's $5.41 billion. Earnings were $730.00 million, a decrease of -10.87%.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for NetApp stock is "Buy." The 12-month stock price forecast is 95.67, which is an increase of 2.86% from the latest price.

Price Target
$95.67
(2.86% upside)
Analyst Consensus: Buy

News

NetApp Simplifies and Speeds Digital Transformation for Customers Through Deep, Industry-Leading Public Cloud Relatio...

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp continues momentum unlocking the best of cloud at less cost, through its collaboration with the world's three largest public clouds.

3 days ago - Business Wire

NetApp Expands Hybrid Cloud Solutions Portfolio to Unlock Best of Cloud

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp announces new additions and enhanced capabilities across its hybrid cloud portfolio to help organizations accelerate digital transformation.

3 days ago - Business Wire

NetApp (NTAP) Soars to 52-Week High, Time to Cash Out?

NetApp (NTAP) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

4 days ago - Zacks Investment Research

Goldman Sachs Downgrades NetApp On Worsening IT Spending Outlook

NetApp Inc.'s (NASDAQ:NTAP) performance is likely to be impacted by a moderating IT spending environment in 2022, according to Goldman Sachs. The NetApp Analyst: Rod Hall downgraded the rating for NetAp...

4 days ago - Benzinga

NetApp Named a Leader in 2021 Gartner® Magic Quadrant™ for Primary Storage

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp is recognized as a Leader in the 2021 Gartner Magic Quadrant for Primary Storage based on its completeness of vision and ability to execute.

1 week ago - Business Wire

Stocks This Week: Buy Costco, Apple, And NettApp

Here are a trio of short-term trades for the coming week.

Other symbols:COSTAAPL
1 week ago - Forbes

NetApp (NTAP) To Buyout CloudCheckr to Augment Spot Portfolio

NetApp's (NTAP) CloudCheckr acquisition is aimed at bolstering the Spot by NetApp portfolio.

2 weeks ago - Zacks Investment Research

NetApp To Acquire CloudCheckr For Undisclosed Terms

Cloud-led, data-centric software company NetApp Inc (NASDAQ: NTAP) inked an agreement to acquire cloud optimization platform CloudCheckr. The financial terms of the transaction remain undisclosed.

2 weeks ago - Benzinga

NetApp to Acquire CloudCheckr and Expand its Spot by NetApp CloudOps Platform to Enable Organizations to Better Optim...

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp has signed a definitive agreement to acquire CloudCheckr, a leading cloud optimization platform that provides cloud visibility and insights.

2 weeks ago - Business Wire

NetApp (NTAP) Up 7.7% Since Last Earnings Report: Can It Continue?

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

4 weeks ago - Zacks Investment Research

NetApp (NTAP) Just Overtook the 20-Day Moving Average

Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

4 weeks ago - Zacks Investment Research

3 Storage Devices Stocks to Watch Amid a Challenging Industry

Momentum in cloud computing, IoT, auto, connected devices, VR and AI is expected to favor the prospects of the Zacks Computer - Storage Devices industry players like NetApp (NTAP), Western Digital (WDC)...

Other symbols:PSTGTDCWDC
1 month ago - Zacks Investment Research

Here's How Much $100 Invested In NetApp 10 Years Ago Would Be Worth Today

NetApp has outperformed the market over the past 90 days by 9.19%, generating a 14.8% return for its investors over the time period. Now, given this information, it may seem like price appreciation alon...

1 month ago - Benzinga

NetApp to Participate in Upcoming Public Speaking Events

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced the Company will participate virtually in the following events: Public Cloud ...

1 month ago - Business Wire

Despite 10% Rise In The Past Week, NetApp Stock Still Looks Like A Buy

NetApp Inc. stock (NASDAQ: NTAP) has seen an impressive rise of 10% over the past week and currently trades at around $88 per share. The stock rally was driven by the announcement of Q1 2022 earnings la...

1 month ago - Forbes

Etsy And NetApp Lead The S&P 500

U.S. indices were trading lower Thursday as traders await signs of Fed tapering policy. Explosions outside of Kabul airport in Afghanistan has also caused macro uncertainty and pressured sentiment.

Other symbols:ETSY
1 month ago - Benzinga

Why NetApp Stock Was Trouncing the Market on Thursday

The company crushed analyst profitability estimates for its Q1, and its guidance wasn't bad, either.

1 month ago - The Motley Fool

NetApp's (NTAP) Q1 Earnings & Revenues Beat Estimates, Up Y/Y

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

1 month ago - Zacks Investment Research

NetApp (NTAP) Beats Q1 Earnings and Revenue Estimates

NetApp (NTAP) delivered earnings and revenue surprises of 21.05% and 1.58%, respectively, for the quarter ended July 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Recap: NetApp Q1 Earnings

Shares of NetApp (NASDAQ:NTAP) moved higher in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 57.53% over the past year to $1.15, which beat the es...

1 month ago - Benzinga

NetApp Reports First Quarter of Fiscal Year 2022 Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Q1FY2022 Earnings Release

1 month ago - Business Wire

Richard Snow's Top 5 Trades of the 2nd Quarter

Richard Snow (Trades, Portfolio), founder of Snow Capital, disclosed this week that his firm's top five trades during the second quarter included new buys in Lumentum Holdings Inc. ( LITE , Financial) a...

Other symbols:CHKPCNKHASLITE
1 month ago - GuruFocus

What to Expect Ahead of NetApp's (NTAP) Q1 Earnings Release?

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

2 months ago - Zacks Investment Research

NetApp (NTAP) Earnings Expected to Grow: Should You Buy?

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.

2 months ago - Zacks Investment Research

NetApp Hosts First Quarter of Fiscal Year 2022 Financial Results Webcast

SUNNYVALE, Calif.--(BUSINESS WIRE)--After market close on Wednesday, August 25, 2021, NetApp will announce financial results for the first quarter of fiscal year 2022, which ended July 30, 2021. NetApp ...

2 months ago - Business Wire