After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that NetApp Empowers Customers to Securely “Talk to Their Data” in Collaboration with NVIDIA.
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Stocks Info
Netapp Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Computer Hardware industry. The current market capitalization of Netapp Inc is $21.32B. A total of 1.57 million shares were traded on the day, compared to an average of 1.96M shares.
In the most recent transaction, BERRY MICHAEL J sold 7,500 shares of NTAP for 102.00 per share on Mar 13 ’24. After the transaction, the EVP, CFO now owns 144,909 company shares. In a previous transaction on Mar 12 ’24, BERRY MICHAEL J sold 7,500 shares at 102.75 per share. NTAP shares that EVP, CFO owns now total 152,409.
Among the insiders who sold shares, O’Callahan Elizabeth M disposed of 871 shares on Mar 11 ’24 at a per-share price of $102.85. This resulted in the EVP, Chief Legal Officer holding 10,472 shares of NTAP after the transaction. In another insider transaction, O’Callahan Elizabeth M sold 871 shares at $89.96 per share on Feb 12 ’24. Company shares held by the EVP, Chief Legal Officer now total 9,985.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Netapp Inc pays an annual dividend of $2.00, resulting in a dividend yield of 1.94%, and it has a price to earnings (P/E) ratio of 23.44. NTAP’s most recent ex-dividend date was 4/4/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 4/24/2024. Previously, the company paid the dividend on 1/24/2024 with an ex-dividend date of 1/4/2024. The NTAP stock dividend was $0.50 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, NTAP has a high of $112.48 and a low of $59.81.
As of this writing, NTAP has an earnings estimate of $1.78 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.82 per share and a lower estimate of $1.74. The company reported an EPS of $1.58 in the last quarter, which was 13.70% higher than expectations of $1.39.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NTAP’s latest balance sheet shows that the firm has $4.13B in Cash & Short Term Investments as of fiscal 2022. There were $2.94B in debt and $3.95B in liabilities at the time. Its Book Value Per Share was $4.83, while its Total Shareholder’s Equity was $838.00M.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NTAP is Buy with a score of 3.39.
