NetApp (NASDAQ:NTAP) Releases FY 2025 Earnings Guidance

NetApp (NASDAQ:NTAP) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 7.000-7.200 for the period, compared to the consensus earnings per share estimate of 6.890. The company issued revenue guidance of $6.5 billion-$6.7 billion, compared to the consensus revenue estimate of $6.6 billion. NetApp also updated its FY25 guidance to $7.00-7.20 EPS.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NTAP shares. Evercore ISI lifted their price objective on NetApp from $120.00 to $130.00 and gave the stock an in-line rating in a report on Monday, August 12th. Susquehanna reaffirmed a positive rating and issued a $155.00 price target on shares of NetApp in a report on Monday, August 26th. Wedbush reissued a neutral rating and set a $120.00 price objective on shares of NetApp in a report on Monday, August 26th. Barclays increased their price target on shares of NetApp from $116.00 to $119.00 and gave the stock an equal weight rating in a research report on Thursday. Finally, Citigroup boosted their price target on NetApp from $120.00 to $130.00 and gave the company a neutral rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $127.67.

NetApp Stock Performance

Shares of NTAP stock opened at $120.72 on Friday. The business has a 50 day simple moving average of $127.51 and a 200 day simple moving average of $113.37. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.19 and a quick ratio of 1.15. The firm has a market capitalization of $24.84 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 4.96 and a beta of 1.27. NetApp has a 12-month low of $70.82 and a 12-month high of $135.01.

NetApp (NASDAQ:NTAP) last released its earnings results on Wednesday, August 28th. The data storage provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. NetApp had a net margin of 15.73% and a return on equity of 114.54%. NetApp’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. On average, equities research analysts anticipate that NetApp will post 5.47 EPS for the current year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Friday, October 4th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, October 4th. NetApp’s dividend payout ratio is presently 44.83%.

NetApp declared that its board has initiated a share repurchase program on Thursday, May 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the data storage provider to repurchase up to 4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, President Cesar Cernuda sold 22,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $129.46, for a total transaction of $2,848,120.00. Following the completion of the transaction, the president now owns 64,789 shares in the company, valued at approximately $8,387,583.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, President Cesar Cernuda sold 22,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $129.46, for a total transaction of $2,848,120.00. Following the completion of the sale, the president now owns 64,789 shares in the company, valued at approximately $8,387,583.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael J. Berry sold 7,500 shares of NetApp stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $127.24, for a total value of $954,300.00. Following the completion of the transaction, the chief financial officer now owns 193,369 shares in the company, valued at $24,604,271.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,786 shares of company stock worth $5,395,146. 0.37% of the stock is owned by corporate insiders.

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.