NetApp, Inc. (NASDAQ:NTAP) has a 1 Year Target Estimate of $36.32. The stock traded with the volume of 2.77 Million in the last trading session. NetApp, Inc. opened at $36.43 and closed by showing an increase of 0.22%. The Bid price in the last session was $0.00 x and the Ask price was $0.00 x. (The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. The difference (or spread) goes to the broker/specialist that handles the transaction).
NetApp, Inc. has the Market Capitalization of 10.17 Billion. The Stock has its 52-week High of $39 and 52-Week Low of $20.66 and it touched its 52-week high on Nov 17, 2016 and 52-Week Low on Jan 20, 2016.
NetApp, Inc. reported its last Earnings on Nov 16 AMC where the company reported Actual EPS of $0.6/Share whereas, the Analyst Estimated EPS was $0.54/share. The difference between Actual EPS and Estimated EPS was $0.06/share. This represented an Earnings Surprise of 11.1%. The company will report its next earnings on 15-Feb-17.
Some analyst provided their insight on Growth Estimates; NetApp, Inc. has the Current Quarter Earnings Growth rate of 5.7%. The Next Quarter growth is expected to be 40%. In the past 5 years, the stock has earnings growth rate of -1.03% per annum while the Upcoming 5 year’s earnings growth rate is expected to be 14.18% per annum.
25 number of analysts also provided their insight on NetApp, Inc., where the Average Price Target for the stock is $36.32. They also projected Low Price Target as $17 while High Price Target is set at $52.
A number of analysts rated the stock as well: 2 analysts believe that the stock is a STRONG BUY while 3 reported it as Buy.22 analysts assigned a HOLD rating, 6 said it’s UNDERPERFORM and 1 say that this stock is a SELL.
NetApp, Inc. annual Divided is 0.76 while it’s Dividend Yield is 2.08%. The stock has its Price to Earnings (P/E) ratio of 33.19 and Forward Price to Earnings ratio of 12.69. The company has its Price to Sales (P/S) ratio of 1.88 where Price to Book (P/B) ratio of 3.64, Price to Cash Per share (P/C) of 0 and Price to Free Cash Flow (P/FCF) has a value of 14.33.
The company has its Return on Assets (ROA) of 3.5 Percent. Return on Equity (ROE) stands at 11% and Return on Investment (ROI) displays a value of 4.4%.
The stock is currently trading at Distance from 20-Day simple moving Average of 5.96% whereas, Distance from 50-Day Simple moving average is 5.9 Percent and Distance from 200-Day Simple Moving Average of 28.64 percent.
A look at performance overview of NetApp, Inc. depicts that Performance (Week) is -1.64 percent while Performance Month is 8.15%. Quarterly performance shows a value of 5.16% and Half Year Performance value stands at 47.53%. Yearly performance of the stock has the value of 22.32 percent. NetApp, Inc. has its YTD performance of 41.36 Percent. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).
Many Insiders have done trades inside the company. The latest trade was made on 14 Nov 2016 where Chief Technology Officer Verduin (Patricia Ph.D.) did a transaction type “Buy” in which 3834 shares were traded at a price of $45.23. Another insider trade includes Chief Technology Officer Verduin (Patricia Ph.D.) who also initiated a transaction in which 3834 shares were traded on 14 Nov 2016 as “Sell”. On 16 Oct 2016 Chief Technology Officer Verduin (Patricia Ph.D.) traded 3834 shares as “Buy” at $45.23. Director Bilbrey (John P) Buy 256 shares on 2 Oct 2016 at the price of $73.08.
The latest Upgrades/Downgrades was done by Research firm Drexel Hamilton on 17-Nov-16 who Upgrade the stock from Hold to Buy. Other firms have also Upgraded/Downgraded the stock. On 17-Nov-16, Maxim Group took an action “Downgrade” from Buy to Hold. On 30-Sep-16, the stock was Downgrade to Hold by Standpoint Research.