NetApp/NTAP

$115.67

1.36%
-
1D1W1MYTD1YMAX

About NetApp

NetApp, Inc. (NetApp) is a cloud-led, data-centric software company. The Company delivers a portfolio of cloud services, and storage infrastructure, powered by intelligent data management software. The Company operates through two segments: Hybrid Cloud and Public Cloud. Its Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. It offers a portfolio of cloud-connected all-flash, hybrid-flash, and object storage systems. Its Public Cloud segment offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage and data services, and cloud operations services. The Company’s solutions and services are generally available on the public clouds, including Amazon AWS, Microsoft Azure and Google Cloud Platform.

Ticker

NTAP

Sector

Technology

Trading on

NASDAQ

Industry

Computer Storage Devices

CEO

George Kurian

Employees

12,000

Headquarters

San jose, United States

NetApp Metrics

BasicAdvanced
$24B
Market cap
26.25
P/E ratio
$4.41
EPS
1.23
Beta
$2.00
Dividend rate
1.73%
Dividend yield
$24B
1.22717
$116.01
$66.01
2.1M
$2.00
1.149
1.114
200.302
240.543
44.47%
36.998
9.85%
89.69%
15.77%
26.25
3.862
23.972
32.215
2.81%
1.73%
1.73%
-4.33%
-23.92%
5.54%
18.11%
2.82%

What the Analysts think about NetApp

Analyst Ratings

Majority rating from 21 analysts.
Hold

Price Targets

Average projection from 15 analysts.
6.56% downside
High $130.00
Low $85.00
$115.67
Current price
$108.08
Average price target

NetApp Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
19.48% profit margin
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$1.6B
2.82%
Net income
$313M
34.33%
Profit margin
19.48%
30.65%

NetApp Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 14.8%
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$1.54
$1.15
$1.58
$1.94
-
Expected
$1.34
$1.07
$1.39
$1.69
$1.78
Surprise
14.53%
7.49%
13.55%
14.8%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for NetApp stock?

NetApp (NTAP) has a market cap of $24B as of May 28, 2024.

What is the P/E ratio for NetApp stock?

The price to earnings (P/E) ratio for NetApp (NTAP) stock is 26.25 as of May 28, 2024.

Does NetApp stock pay dividends?

Yes, the NetApp (NTAP) stock pays dividends to shareholders. As of May 28, 2024, the dividend rate is $2 and the yield is 1.73%. NetApp has a payout ratio of 44.47% on a trailing twelve-month basis.

When is the next NetApp dividend payment date?

The next NetApp (NTAP) dividend payment date is unconfirmed.

What is the beta indicator for NetApp?

NetApp (NTAP) has a beta rating of 1.23. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the NetApp stock price target?

The target price for NetApp (NTAP) stock is $108.08, which is 6.56% below the current price of $115.67. This is an average based on projections from 15 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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