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Netapp (NASDAQ:NTAP)
Stock Analysis

NTAP62.57
▲ 0.84%0.52

Stock Analysis

The following stock analysis is based on 10.1 years of data (i.e. since Mar 01, 2013). All the stock history has been downloaded.

Stock Exchange

Netapp trades on the NasdaqGS exchange in USD dollars.

Sector

It is in the sector.

Current Status of Netapp

It is currently trading at $62.57 ($62.05 the previous day).It pays a 3.22% dividend.

Financials

The next reporting date is in 61 days (2023 05 31).

CNN estimates profits for the upcoming quarter will be $1.35 per share ($1.5B). The current Canada / US exchange rate is 1.3547.



Over the past 12 months, $360216 worth of shares have been purchased and $7163879 worth of shares have been sold by insiders.

Will This Trend Continue?

The year over year average increase is 0.2% per year assuming steady exponential growth. The actual 5 year average is 12.98. Details on the individual increase in one year intervals is provided below.

Past PerformanceAverage PricePercent Change
1 year67.792666666667-19.3- Below Average
2 year83.95613888888965.1+ Above Average
3 year50.841333333333-11- Below Average
4 year57.123512658228-21.2- Below Average
5 year72.53324427480951.3+ Above Average
Netapp is projected by analysts to get to $70.00 within the next 12 months (11.9%), but preticted targets range from as high as $86.00 (37.4%) and as low as $58(-7.3%).

Risk

The worst drop it has had in recent years is -59.2%. It has a shape to the stock curve, which means

Stock shape test

DAYS AG0PRICE
1062.22RISING
3067.95DROPPING
6064.66RISING
15065.6DROPPING
36586.3DROPPING
80066.24RISING
120060.53RISING
160081.66DROPPING
200044.55RISING


With an average increase of 0.2% year over year, if Netapp is bought at the worst time, Stockmarketizer analysts estimate it will take 3552 months before the stock will recover to the original purchase price. The P/E value is 11.04.

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Yahoo News Feed

NetApp’s 2023 Cloud Complexity Report Highlights the Shifting Demands of a Multicloud Environment

Wed, 29 Mar 2023 12:00:00 SAN JOSE, Calif., March 29, 2023--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today released the 2023 Cloud Complexity Report, a global survey exploring how technology decision makers are navigating cloud requirements coming from digital transformation and AI initiatives and the ...... Read Full Article

NetApp (NTAP) Down 7.1% Since Last Earnings Report: Can It Rebound?

Fri, 24 Mar 2023 15:30:03 NetApp (NTAP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.... Read Full Article

3 Storage Devices Stocks to Look For Amid Industry Weakness

Fri, 17 Mar 2023 15:18:03 Despite macroeconomic headwinds and supply chain troubles, momentum in cloud computing, IoT, auto, connected devices, VR and AI will likely favor the prospects of the Zacks Computer - Storage Devices industry players like NTAP, PSTG and TDC.... Read Full Article

NetApp (NTAP) and CGI to Aid Clients Unlock Cloud Potential

Fri, 17 Mar 2023 14:42:02 NetApp (NTAP) and CGI collaborate to offer hybrid cloud-managed services that will help clients improve their operational efficiency and transform their data.... Read Full Article

CGI partners with NetApp to help clients accelerate data-intensive digital transformation in the cloud

Thu, 16 Mar 2023 10:30:00 CGI (NYSE: GIB) (TSX: GIB.A) today announced a new global alliance partnership with NetApp® (NASDAQ: NTAP) focused on helping organizations across industry sectors unlock the full potential of hybrid and multi-cloud environments to drive flexibility, efficiencies and cost savings ...... Read Full Article

Is NetApp, Inc. (NASDAQ:NTAP) Potentially Undervalued?

Tue, 14 Mar 2023 10:24:22 Today we're going to take a look at the well-established NetApp, Inc. ( NASDAQ:NTAP ). The company's stock saw...... Read Full Article

25 Largest Software Companies in the World by Revenue

Mon, 13 Mar 2023 20:40:09 In this piece, we will take a look at the 25 largest software companies in the world by revenue. For more companies, head on over to 10 Largest Software Companies in the World by Revenue. Hardware and software are the building blocks ...... Read Full Article

NetApp to Participate in Upcoming Technology Conference

Thu, 02 Mar 2023 21:01:00 SAN JOSE, Calif., March 02, 2023--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:... Read Full Article

NetApp (NASDAQ:NTAP) Is Due To Pay A Dividend Of $0.50

Sun, 26 Feb 2023 12:20:26 NetApp, Inc. ( NASDAQ:NTAP ) has announced that it will pay a dividend of $0.50 per share on the 26th of April. This...... Read Full Article

NetApp, Inc. (NASDAQ:NTAP) Q3 2023 Earnings Call Transcript

Sun, 26 Feb 2023 09:58:49 NetApp, Inc. (NASDAQ:NTAP) Q3 2023 Earnings Call Transcript February 22, 2023 Operator: Good day, and welcome to the NetApp Third Quarter Fiscal Year 2023 Earnings Conference Call. All participants will be in a listen-only mode. Please note this event is being recorded. I ...... Read Full Article

NetApp (NTAP) Q3 Earnings Top Estimates, Revenues Fall Y/Y

Thu, 23 Feb 2023 14:29:02 NetApp's (NTAP) third-quarter fiscal 2023 performance hurt by weakening IT spending environment and cloud cost optimization.... Read Full Article

5 big earnings reports: Rosy numbers at Nvidia, Alibaba | Pro Recap

Thu, 23 Feb 2023 09:12:34 Investing.com -- Here is your daily Pro Recap of the biggest earnings headlines you may have missed on InvestingPro since yesterday’s close. Start your free 7-day trial to get this news first.... Read Full Article

NetApp (NTAP) Q3 Earnings Top Estimates

Wed, 22 Feb 2023 22:15:10 NetApp (NTAP) delivered earnings and revenue surprises of 4.58% and 5.58%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?... Read Full Article

NetApp stock drops 5% as outlook reflects ‘weakening IT spending’

Wed, 22 Feb 2023 21:30:00 NetApp Inc. (NTAP) shares declined in the extended session Wednesday after the cloud-based data-services company’s forecast came in light as weak business spending poses a challenge. NetApp shares fell as much as 5% after hours, following a 0.2% decline in the ...... Read Full Article

NetApp reports third quarter of fiscal year 2023 results

Wed, 22 Feb 2023 21:01:00 SAN JOSE, Calif., February 22, 2023--NetApp (NASDAQ: NTAP) today reported financial results for the third quarter of fiscal year 2023, which ended on January 27, 2023.... Read Full Article

How to Boost Your Portfolio with Top Computer and Technology Stocks Set to Beat Earnings

Mon, 20 Feb 2023 14:00:02 Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.... Read Full Article

NetApp (NTAP) to Report Q3 Earnings: Here's What to Expect

Mon, 20 Feb 2023 11:02:11 NetApp's (NTAP) Q3 performance is likely to have benefited from demand for its solutions. However, weakness in global macroeconomic conditions and cutback in spending by clients remain headwinds.... Read Full Article

Bay Area job losses at Salesforce, Workday, Pinterest and others revealed in new filings

Fri, 17 Feb 2023 15:53:23 Filings at Autodesk, Pinterest, Salesforce and others this week demystify how many local layoffs were included in recently announced downsizings.... Read Full Article

NetApp (NTAP) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Wed, 15 Feb 2023 15:00:03 NetApp (NTAP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.... Read Full Article

NetApp Announces New Line of Low-Cost, Capacity Flash Storage for the Modern Data Center

Tue, 07 Feb 2023 13:00:00 SAN JOSE, Calif., February 07, 2023--NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today announced the upcoming availability of the NetApp AFF C-Series, a new family of capacity flash storage options that deliver lower cost all-flash storage, and NetApp AFF ...... Read Full Article
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