Analysts Point To Netapp Inc (NASDAQ: NTAP) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, NTAP falls under the Technology sector while operating within the Computer Hardware industry segment. The current market capitalization of Netapp Inc is $22.39B. A total of 1.7 million shares were traded on the day, compared to an average of 1.97M shares.

In the most recent transaction, Kurian George sold 8,500 shares of NTAP for 103.16 per share on Apr 15 ’24. After the transaction, the CEO now owns 252,702 company shares. In a previous transaction on Apr 10 ’24, O’Callahan Elizabeth M sold 871 shares at 103.02 per share. NTAP shares that EVP, Chief Legal Officer owns now total 9,601.

Among the insiders who sold shares, CERNUDA CESAR disposed of 22,000 shares on Apr 01 ’24 at a per-share price of $105.03. This resulted in the President holding 43,072 shares of NTAP after the transaction. In another insider transaction, Kurian George sold 8,500 shares at $101.44 per share on Mar 19 ’24. Company shares held by the CEO now total 261,202.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Netapp Inc pays an annual dividend of $2.00, resulting in a dividend yield of 1.84%, and it has a price to earnings (P/E) ratio of 24.62. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, NTAP has a high of $112.48 and a low of $62.29.

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 17.0 estimates, with a high estimate of $1.82 per share and a lower estimate of $1.74. The company reported an EPS of $1.54 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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. 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.

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