Headlines about NetApp (NASDAQ:NTAP) have been trending positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. NetApp earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave news coverage about the data storage provider an impact score of 89 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Cisco and NetApp Advance Digital Transformation with Software-Defined Converged Infrastructure Solution for the Next-Generation Data Center (finance.yahoo.com)
- NetApp, Inc. (NTAP) has a value of $38.26 per share While KLA-Tencor Corporation (KLAC) is stand at $97.58 – Stocks Gallery (stocksgallery.com)
- NetApp Inc (NTAP) Files 10-K for the Fiscal Year Ended on April 30, 2017 – Nasdaq (nasdaq.com)
- A Technical Perspective On Washington Prime Group Inc. (WPG), NetApp, Inc. (NTAP) – AllStockNews (allstocknews.com)
Several brokerages have recently issued reports on NTAP. Maxim Group reissued a “hold” rating and set a $46.00 price target on shares of NetApp in a research report on Thursday, May 25th. Jefferies Group LLC reduced their target price on shares of NetApp from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, May 25th. Drexel Hamilton reaffirmed a “buy” rating on shares of NetApp in a report on Monday, April 3rd. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $48.00 target price on shares of NetApp in a report on Friday, March 31st. Finally, Piper Jaffray Companies set a $50.00 target price on shares of NetApp and gave the company a “buy” rating in a report on Thursday, April 6th. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.42.
NetApp (NASDAQ:NTAP) traded up 1.30% during trading on Thursday, reaching $39.11. 3,109,403 shares of the company were exchanged. The stock has a market capitalization of $10.56 billion, a PE ratio of 21.61 and a beta of 1.21. NetApp has a 52-week low of $22.89 and a 52-week high of $43.14. The firm’s 50 day moving average is $39.68 and its 200 day moving average is $39.16.
NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Wednesday, May 24th. The data storage provider reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.04. NetApp had a return on equity of 21.66% and a net margin of 9.22%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts expect that NetApp will post $3.03 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Friday, July 7th will be paid a $0.20 dividend. This is a boost from NetApp’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, July 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.05%. NetApp’s dividend payout ratio is presently 41.99%.
In other news, SVP Matthew K. Fawcett sold 8,070 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $39.38, for a total value of $317,796.60. Following the completion of the transaction, the senior vice president now owns 8,367 shares of the company’s stock, valued at $329,492.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Kurian sold 4,000 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $40.01, for a total value of $160,040.00. Following the completion of the transaction, the chief executive officer now directly owns 20,396 shares of the company’s stock, valued at approximately $816,043.96. The disclosure for this sale can be found here. In the last three months, insiders sold 46,862 shares of company stock valued at $1,882,464. Company insiders own 0.49% of the company’s stock.
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NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models.
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