NetApp (NASDAQ:NTAP) Receives Media Sentiment Rating of 0.13
Media stories about NetApp (NASDAQ:NTAP) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NetApp earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the data storage provider an impact score of 46.7573437908679 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- The New #240 Most Shorted S&P 500 Component: NetApp (marketnewsvideo.com)
- Is content still king? NetApp’s head of strategy challenges conventional wisdom (siliconangle.com)
- $1.38 Billion in Sales Expected for NetApp, Inc. (NTAP) This Quarter (americanbankingnews.com)
- NetApp, Inc. (NTAP) Sees Large Growth in Short Interest (americanbankingnews.com)
- How NetApp, Inc. Shares Gained 13% in September (fool.com)
Several equities analysts have weighed in on the stock. Credit Suisse Group upped their price objective on shares of NetApp from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Longbow Research raised shares of NetApp from a “neutral” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Tuesday, August 15th. Barclays PLC upped their price objective on shares of NetApp from $35.00 to $38.00 and gave the company an “underweight” rating in a research report on Thursday, August 17th. BidaskClub lowered shares of NetApp from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 price objective (up previously from $60.00) on shares of NetApp in a research report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $45.12.
NetApp (NTAP) traded up 0.48% during mid-day trading on Friday, hitting $43.63. 1,856,460 shares of the stock traded hands. The company has a 50 day moving average price of $41.52 and a 200-day moving average price of $40.85. NetApp has a one year low of $30.36 and a one year high of $45.24. The stock has a market capitalization of $11.77 billion, a PE ratio of 21.07 and a beta of 1.26.
NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Wednesday, August 16th. The data storage provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.07. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. NetApp had a net margin of 10.47% and a return on equity of 24.13%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. Equities analysts anticipate that NetApp will post $3.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Friday, October 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.83%. The ex-dividend date is Thursday, October 5th. NetApp’s dividend payout ratio is currently 38.65%.
In other news, CEO George Kurian sold 4,000 shares of NetApp stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $43.67, for a total value of $174,680.00. Following the completion of the transaction, the chief executive officer now owns 27,598 shares of the company’s stock, valued at approximately $1,205,204.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Henri P. Richard sold 1,976 shares of NetApp stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $42.01, for a total value of $83,011.76. Following the completion of the transaction, the executive vice president now directly owns 17,812 shares of the company’s stock, valued at approximately $748,282.12. The disclosure for this sale can be found here. Insiders have sold 48,498 shares of company stock valued at $2,083,785 in the last three months. Insiders own 0.47% of the company’s stock.
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.
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