NetApp (NASDAQ:NTAP) Releases FY 2025 Earnings Guidance

NetApp (NASDAQ:NTAP) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 7.170-7.270 for the period, compared to the consensus 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.

NetApp Stock Down 5.0 %

NetApp stock opened at $118.22 on Friday. The company has a market cap of $24.03 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. NetApp has a 1-year low of $86.43 and a 1-year high of $135.45. The company has a fifty day simple moving average of $120.22 and a 200 day simple moving average of $122.02. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39.

NetApp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Friday, April 4th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.76%. NetApp’s dividend payout ratio (DPR) is currently 38.24%.

Analyst Ratings Changes

NTAP has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of NetApp from $119.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised shares of NetApp from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research report on Monday, December 16th. StockNews.com raised shares of NetApp from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods upgraded shares of NetApp to an “outperform” rating in a research note on Wednesday, February 19th. Finally, Oppenheimer began coverage on shares of NetApp in a research note on Wednesday, November 13th. They set a “market perform” rating for the company. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $137.33.

Insider Buying and Selling at NetApp

In related news, CEO George Kurian sold 8,500 shares of NetApp stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $124.29, for a total transaction of $1,056,465.00. Following the sale, the chief executive officer now directly owns 279,782 shares of the company’s stock, valued at approximately $34,774,104.78. The trade was a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Cesar Cernuda sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $114.99, for a total transaction of $2,529,780.00. Following the sale, the president now directly owns 27,099 shares in the company, valued at $3,116,114.01. The trade was a 44.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,903 shares of company stock valued at $7,260,341 in the last ninety days. 0.47% of the stock is currently owned by company insiders.

About NetApp

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.