Which way NetApp, Inc. (NASDAQ:NTAP) earning numbers may go

NetApp has been challenged by makers of flash storage

NetApp has been challenged by makers of flash storage

The stock was sold at an average price of $35.84, for a total transaction of $143,360.00. Following the completion of the transaction, the chief executive officer now directly owns 32,396 shares in the company, valued at approximately $1,247,246. (NASDAQ:NTAP) are experiencing unusual volume during today's trading. The stock traded with the volume of 2.84 Million shares in the last trading session. The company has a 50 day moving average of $36.95 and a 200-day moving average of $34.68.

NetApp, Inc. engages in the provision of software, systems, and services for the management and storage of customer data.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Wednesday, February 15th. It is predicted to add 6% on day 1 and jump 6% on day 7 after the company reports upcoming earnings. On the other hand, in the July 2017 quarter the company recorded a net $1.29B revenue with earnings per share of $0.46. For comparison, there was a revenue of $1.38B and EPS of $0.55 in the April 2016 period. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Equities analysts anticipate that NetApp, Inc. will post $2.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. The ex-dividend date is Wednesday, January 4th.

The stock now has its Annual Dividend of $0.76 and an annual Dividend Yield of 1.92 Percent. NetApp's dividend payout ratio is now 69.09%.

NTAP has been the topic of several research reports. William Blair raised shares of NetApp from an "underperform" rating to a "market perform" rating in a research report on Thursday.

Currently, the analyst consensus on NetApp is Hold and the average price target is $37.45, representing a -3.8% downside.

NetApp, Inc. (NASDAQ:NTAP) has a market capitalization of 10.9 Billion. For the Current Quarter, 27 analysts are projecting the mean EPS to be $0.7/share. The stock now has an average rating of "Hold" and an average target price of $35.83. The company has a consensus rating of Hold and an average price target of $34.36. Skandinaviska Enskilda Banken AB publ raised its stake in shares of NetApp by 168.2% in the third quarter. The overall volume in the last trading session was 2.93 million shares. Seven Eight Capital LP acquired a new stake in NetApp during the fourth quarter valued at about $118,000. Legal & General Group Plc now owns 1,330,176 shares of the data storage provider's stock worth $32,706,000 after buying an additional 9,415 shares during the period. UBS Asset Management Americas Inc. increased its stake in NetApp by 13.3% in the third quarter.

In the last Quarter, NetApp, Inc. Finally, BlackRock Fund Advisors increased its stake in NetApp by 2.9% in the third quarter. Rhumbline Advisers now owns 452,627 shares of the data storage provider's stock worth $16,213,000 after buying an additional 33,368 shares in the last quarter. Finally, Airain ltd boosted its stake in NetApp by 41.4% in the second quarter. The stock now shows its YTD (Year to Date) performance of 12.82 percent while its Weekly performance value is 3.18%. The biggest holder now is Thomas F. Mendoza who owns 416,069 shares (0.15% of those outstanding), whilst Mr. Robert T. Wall holds 36,048 (0.01% of shares outstanding) and Mr. George Kurian holds 32,396 (0.01% of shares outstanding). The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments.

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