Taking On Challenges And Growing? – Netapp Inc (NTAP)

After Hours

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Stocks Info

This NASDAQ-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. The current market capitalization of Netapp Inc is $25.28B. A total of 2.41 million shares were traded on the day, compared to an average of 1.54M shares.

In the most recent transaction, NEVENS THOMAS MICHAEL sold 3,333 shares of NTAP for 119.23 per share on Nov 18 ’24. After the transaction, the Director now owns 9,277 company shares. In a previous transaction on Nov 18 ’24, Kurian George sold 8,500 shares at 118.00 per share. NTAP shares that CEO owns now total 288,282.

Among the insiders who sold shares, De Lorenzo Daniel disposed of 326 shares on Nov 18 ’24 at a per-share price of $117.44. This resulted in the VP, Controller & CAO holding 0 shares of NTAP after the transaction. In another insider transaction, Thomas Michael Nevens bought 3,333 shares at $119.23 per share on Nov 18 ’24.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Netapp Inc pays an annual dividend of $2.04, resulting in a dividend yield of 1.65%, and it has a price to earnings (P/E) ratio of 24.06. NTAP’s most recent ex-dividend date was 10/4/2024 when it declared a $0.52 quarterly dividend that was paid in cash on 10/23/2024. Previously, the company paid the dividend on 7/24/2024 with an ex-dividend date of 7/5/2024. The NTAP stock dividend was $0.52 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, NTAP has a high of $135.01 and a low of $77.08.

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 19.0 estimates, with a high estimate of $1.8 per share and a lower estimate of $1.73. The company reported an EPS of $1.58 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $4.53, 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 3.55.

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