NetApp, Inc. (NTAP)
| Market Cap | 22.80B |
| Revenue (ttm) | 6.18B |
| Net Income (ttm) | 940.00M |
| Shares Out | 206.38M |
| EPS (ttm) | 4.40 |
| PE Ratio | 25.11 |
| Forward PE | 16.55 |
| Dividend | $2.00 (1.81%) |
| Ex-Dividend Date | Apr 4, 2024 |
| Volume | 2,183,446 |
| Open | 110.35 |
| Previous Close | 109.75 |
| Day's Range | 109.87 - 110.82 |
| 52-Week Range | 65.71 - 112.48 |
| Beta | 1.26 |
| Analysts | Buy |
| Price Target | 97.93 (-11.35%) |
| Earnings Date | May 30, 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]
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 StatementsAnalyst Forecast
According to 17 analysts, the average rating for NTAP stock is "Buy." The 12-month stock price forecast is $97.93, which is a decrease of -11.35% from the latest price.
News
NetApp and Lenovo Offer Converged Infrastructure Solution Optimized for GenAI
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced NetApp AIPod with Lenovo ThinkSystem servers for NVIDIA OVX, a converged infrast...
NetApp Unveils Unified Data Storage Built for the AI Era
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced new leading AFF A-Series systems that can power the most demanding IT workloads ...
New Market Research Finds Up to 20% of AI Initiatives Fail Without Intelligent Data Infrastructure
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today unveiled insights from its latest report on the evolving landscape of AI in the enterprise...
NetApp Appoints Market Growth and Revenue Operations Leader, Dallas Olson to Chief Commercial Officer Role
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ: NTAP), the intelligent data infrastructure company, today announced Dallas Olson as the company's new Chief Commercial Officer, reporting to NetApp's...
NetApp Hosts Fourth Quarter and Fiscal Year 2024 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)--After market close on Thursday, May 30, 2024, NetApp (NASDAQ: NTAP) will announce financial results for the fourth quarter and fiscal year 2024 which ended April 26,...
NetApp's 2024 Cloud Complexity Report Reveals AI Disrupt or Die Era Unfolding Globally
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today released its second annual Cloud Complexity Report. The report analyzes the experiences of...
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...
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...
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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...
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...
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...
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...
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...
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...
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.
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...
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...
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...
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, ...
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...
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...
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%,
NetApp Stock Rises on Improved Guidance. It's Beating the S&P Even as Sales Decline.
Shares are up 30% this year.
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...