NetApp (NASDAQ:NTAP) Issues FY 2025 Earnings Guidance

NetApp (NASDAQ:NTAP) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 7.170-7.270 for the period, compared to the consensus EPS estimate of 7.330. The company issued revenue guidance of $6.5 billion-$6.6 billion, compared to the consensus revenue estimate of $6.7 billion. NetApp also updated its Q4 2025 guidance to 1.840-1.940 EPS.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NTAP. StockNews.com cut shares of NetApp from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. decreased their price target on shares of NetApp from $160.00 to $153.00 and set an “overweight” rating on the stock in a research note on Friday. Stifel Nicolaus raised their price target on shares of NetApp from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Wedbush reaffirmed a “neutral” rating and set a $110.00 price target (down from $120.00) on shares of NetApp in a research note on Friday. Finally, Citigroup raised their price target on shares of NetApp from $130.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $132.07.

NetApp Trading Down 15.4 %

NASDAQ NTAP opened at $100.00 on Friday. NetApp has a one year low of $88.49 and a one year high of $135.45. The company’s 50 day moving average price is $119.85 and its 200 day moving average price is $121.86. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.84 and a current ratio of 0.91. The firm has a market capitalization of $20.33 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.45 and a beta of 1.23.

NetApp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Friday, April 4th will be issued a $0.52 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.08 annualized dividend and a yield of 2.08%. NetApp’s payout ratio is 38.52%.

Insider Activity at NetApp

In related news, President Cesar Cernuda sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $114.99, for a total value of $2,529,780.00. Following the transaction, the president now owns 27,099 shares in the company, valued at approximately $3,116,114.01. This trade represents a 44.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Kurian sold 8,500 shares of NetApp stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $119.04, for a total transaction of $1,011,840.00. Following the sale, the chief executive officer now owns 266,765 shares in the company, valued at $31,755,705.60. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,903 shares of company stock worth $7,260,341. Company insiders own 0.47% of the company’s stock.

NetApp Company Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.