NetApp (NTAP) Given Daily News Impact Score of 0.16
News headlines about NetApp (NASDAQ:NTAP) have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. NetApp earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the data storage provider an impact score of 45.7764628936415 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Analysts Suggest to Hold tech stock: NetApp, Inc. (NTAP) – Street Observer (press release) (streetobserver.com)
- Choosing Between Western Digital Corporation (WDC) and NetApp, Inc. (NTAP) – StockNewsGazette (stocknewsgazette.com)
- Insider Selling : NetApp, Inc. $NTAP CEO Sells $173,568.60 in Stock (4-traders.com)
- 09/02 NetApp, Inc. $NTAP Given Average Rating of “Hold” by Brokerages (4-traders.com)
- NetApp, Inc. (NTAP) Downgraded by ValuEngine (americanbankingnews.com)
NTAP has been the subject of several recent research reports. Zacks Investment Research raised shares of NetApp from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. FBN Securities raised shares of NetApp from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $45.00 to $50.00 in a research report on Thursday, May 25th. Credit Suisse Group boosted their target price on shares of NetApp from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and set a $37.00 target price on shares of NetApp in a research report on Friday, May 26th. Finally, BidaskClub downgraded shares of NetApp from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and thirteen have assigned a buy rating to the company. NetApp presently has an average rating of “Hold” and an average target price of $43.70.
Shares of NetApp (NASDAQ NTAP) opened at 38.85 on Thursday. The firm has a 50-day moving average of $41.41 and a 200 day moving average of $40.70. The stock has a market capitalization of $10.49 billion, a PE ratio of 18.76 and a beta of 1.22. NetApp has a 1-year low of $30.36 and a 1-year high of $45.24.
NetApp (NASDAQ:NTAP) last posted its quarterly earnings results on Wednesday, August 16th. The data storage provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. NetApp had a net margin of 10.47% and a return on equity of 24.13%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. Analysts predict that NetApp will post $3.12 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, October 6th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, October 5th. NetApp’s dividend payout ratio (DPR) is presently 38.65%.
In other news, CEO George Kurian sold 4,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $43.67, for a total value of $174,680.00. Following the transaction, the chief executive officer now owns 27,598 shares of the company’s stock, valued at $1,205,204.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Joel D. Reich sold 9,031 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $39.81, for a total transaction of $359,524.11. Following the completion of the transaction, the vice president now directly owns 10,902 shares in the company, valued at approximately $434,008.62. The disclosure for this sale can be found here. Insiders sold 83,226 shares of company stock worth $3,344,026 in the last three months. Insiders own 0.47% of the company’s stock.
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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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