NetApp, Inc. (NTAP)

NASDAQ: NTAP · IEX Real-Time Price · USD
100.91
-1.63 (-1.59%)
At close: Apr 17, 2024, 4:00 PM
101.00
+0.09 (0.09%)
Pre-market: Apr 18, 2024, 7:00 AM EDT
-1.59%
Market Cap 20.83B
Revenue (ttm) 6.18B
Net Income (ttm) 940.00M
Shares Out 206.38M
EPS (ttm) 4.40
PE Ratio 22.93
Forward PE 15.12
Dividend $2.00 (1.98%)
Ex-Dividend Date Apr 4, 2024
Volume 1,110,794
Open 103.33
Previous Close 102.54
Day's Range 100.54 - 103.33
52-Week Range 60.92 - 112.48
Beta 1.27
Analysts Hold
Price Target 95.27 (-5.59%)
Earnings Date May 29, 2024

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, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID... [Read more]

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

Financial Performance

In 2023, NetApp's revenue was $6.36 billion, an increase of 0.70% compared to the previous year's $6.32 billion. Earnings were $1.27 billion, an increase of 35.97%.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for NTAP stock is "Hold." The 12-month stock price forecast is $95.27, which is a decrease of -5.59% from the latest price.

Price Target
$95.27
(-5.59% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

7 days 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...

9 days 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.

21 days 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...

4 weeks 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...

4 weeks ago - Business Wire

NetApp Fights Ransomware in Real-Time with Built-In Artificial Intelligence on Enterprise Storage and Enhanced Cyber-Resiliency Solutions

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced cyber-resiliency capabilities that will equip customers to better protect and re...

6 weeks ago - Business Wire

NetApp Turbocharges AI Innovation with Intelligent Data Infrastructure

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced new capabilities that maximize the potential of generative artificial intelligen...

6 weeks ago - Business Wire

NetApp Stock Jumps After Solid Quarterly Earnings and Raised FY Outlook—Key Level to Watch

NetApp (NTAP) shares gained more than 17% in premarket trading Friday after the cloud storage provider breezed past Wall Street's quarterly expectations and raised its full-year outlook amid growing d...

6 weeks ago - Investopedia

NTAP, ZS, DELL: Earnings Extravaganza

NetApp (NTAP), ZScaler (ZS), and Dell Technologies' (DELL) earnings were just released. Kevin Green and Diane King Hall discuss these earnings as NetApp's 3Q public cloud revenue came in at $151M, ZSc...

Other symbols: DELLZS
6 weeks ago - Schwab Network

NetApp lifts annual profit forecast on resilient demand for cloud services

NetApp raised its annual profit forecast on Thursday, as businesses spend more on cloud-based data management services for digital transformation, sending its shares up 13.6% in extended trading.

6 weeks ago - Reuters

NetApp Reports Third Quarter of Fiscal Year 2024 Results

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

6 weeks ago - Business Wire

NetApp to Participate in Upcoming Technology Conferences

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp™ (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the Company will participate in a fireside chat at the following conference: Mor...

7 weeks ago - Business Wire

Up 27% Over The Past Year, Will Higher Margins And Cloud Sales Drive NetApp Stock Higher Post Q3 Earnings?

NetApp NTAP a company that provides on-premises data storage systems and public cloud services, is poised to report its Q3 FY'24 results toward the end of February. We expect the company's revenues fo...

2 months ago - Forbes

Aston Martin Aramco Formula One® Team and NetApp Renew Partnership

SAN JOSE, Calif.--(BUSINESS WIRE)--The Aston Martin Aramco Formula One® Team and NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the renewal of their partnership, ...

2 months ago - Business Wire

NetApp Hosts Third Quarter of Fiscal Year 2024 Financial Results Webcast

SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Thursday, February 29, 2024, NetApp (NASDAQ: NTAP) will announce financial results for the third quarter of fiscal year 2024 which ended Januar...

2 months ago - Business Wire

NetApp Appoints Riccardo Di Blasio As Senior Vice President of North America Sales

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today announced Riccardo Di Blasio as the company's new Senior Vice President of North America Sa...

3 months ago - Business Wire

S&P 500 Gains and Losses Today: NetApp and GM Rise; Hormel and Las Vegas Sands Fall

U.S. equities gave up early gains in the last hour and ended mixed and little changed, with the S&P 500 falling 0.1%,

Other symbols: GMHRLLVS
5 months ago - Investopedia

NetApp stock rallies on upbeat full-year outlook

Shares of NetApp Inc. NTAP jumped 9.7% after hours on Tuesday after the data and storage software company forecast more upbeat profit and sales trends for its full fiscal year. Management said it expe...

5 months ago - Market Watch

NetApp Reports Second Quarter of Fiscal Year 2024 Results

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

5 months ago - Business Wire

NetApp Appoints Anders Gustafsson to the Board of Directors

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced that Anders Gustafsson, executive chair of Zebra Technologies, has joined ...

5 months ago - Business Wire

Up 28% Since The Beginning Of 2023, What's Next For NetApp Stock?

NetApp a company that provides on-premises data storage systems and public cloud services, is poised to report its Q2 FY'24 results toward the end of November.

5 months ago - Forbes

NetApp Extends Partnership with Microsoft Empowering Customers to Achieve More Through Cloud Adoption

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced the renewal of its collaboration with Microsoft. NetApp delivers innovatio...

5 months ago - Business Wire

NetApp Delivers Simple, Affordable, and Application-First Hybrid Cloud Solution for the Midmarket together with Fujitsu and VMware

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced they are targeting small and medium businesses with a new bundled virtuali...

5 months ago - Business Wire

NetApp Announces VMware Sovereign Cloud Integration and Simplified Data Management for Modern Virtualized Applications

SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced NetApp StorageGRID for VMware Sovereign Cloud. The NetApp plugin for VMwar...

5 months ago - Business Wire