Press coverage about NetApp (NASDAQ:NTAP) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NetApp earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the data storage provider an impact score of 46.284878142362 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- NETAPP, INC. : Entry into a Material Definitive Agreement, Creation of a Direct .. (4-traders.com)
- NetApp, Inc. (NASDAQ:NTAP) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
- NetApp (NTAP) Shows Strength: Stock Adds 5.5% in Session (finance.yahoo.com)
- Today’s Research Reports on Stocks to Watch: Nutanix and NetApp (finance.yahoo.com)
- NetApp, Inc. (NTAP) Upgraded at Goldman Sachs Group, Inc. (The) (americanbankingnews.com)
A number of analysts have recently weighed in on NTAP shares. Stifel Nicolaus reiterated a “hold” rating and issued a $37.00 price objective on shares of NetApp in a research note on Friday, May 26th. Zacks Investment Research raised shares of NetApp from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 price objective on shares of NetApp in a report on Wednesday, May 24th. Credit Suisse Group raised shares of NetApp from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $35.00 to $37.00 in a report on Thursday, May 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $45.00 price objective on shares of NetApp in a report on Friday, June 9th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.52.
Shares of NetApp (NTAP) traded down 0.05% on Monday, hitting $43.62. 5,416,468 shares of the company were exchanged. The firm has a market cap of $11.85 billion, a P/E ratio of 24.10 and a beta of 1.19. NetApp has a 52-week low of $24.94 and a 52-week high of $43.90. The company has a 50-day moving average price of $39.61 and a 200 day moving average price of $39.30.
NetApp (NASDAQ:NTAP) last posted its earnings results on Wednesday, May 24th. The data storage provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. NetApp had a net margin of 12.83% and a return on equity of 27.84%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Analysts predict that NetApp will post $3.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Friday, July 7th will be given a $0.20 dividend. This is an increase from NetApp’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.80 annualized dividend and a yield of 1.83%. NetApp’s dividend payout ratio (DPR) is 44.20%.
In other NetApp news, Director Jeffry R. Allen sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $40.46, for a total value of $809,200.00. Following the completion of the sale, the director now owns 8,500 shares of the company’s stock, valued at $343,910. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurian sold 4,000 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $40.01, for a total transaction of $160,040.00. Following the completion of the sale, 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. Insiders sold 111,590 shares of company stock valued at $4,459,569 in the last ninety days. 0.49% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for NetApp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetApp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.