NetApp (NASDAQ:NTAP) Issues FY 2025 Earnings Guidance

NetApp (NASDAQ:NTAP) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 7.200-7.400 for the period, compared to the consensus earnings per share estimate of 7.110. 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 $7.20-7.40 EPS.

NetApp Trading Down 3.4 %

NASDAQ NTAP opened at $122.34 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $25.05 billion, a PE ratio of 22.49, a P/E/G ratio of 3.26 and a beta of 1.24. The stock’s 50 day moving average is $121.87 and its 200 day moving average is $122.49. NetApp has a twelve month low of $77.56 and a twelve month high of $135.45.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Thursday, November 21st. The data storage provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.09. NetApp had a net margin of 17.78% and a return on equity of 119.68%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the business earned $1.23 EPS. NetApp’s quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts forecast that NetApp will post 5.71 earnings per share for the current fiscal year.

NetApp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.70%. NetApp’s payout ratio is 38.24%.

Analyst Ratings Changes

A number of research firms recently weighed in on NTAP. Stifel Nicolaus raised their price objective on NetApp from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company raised their price objective on shares of NetApp from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday. TD Cowen increased their target price on NetApp from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday. Bank of America boosted their target price on shares of NetApp from $115.00 to $121.00 and gave the company an “underperform” rating in a research report on Friday. Finally, Citigroup lifted 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $134.00.

Insider Activity

In other NetApp news, CAO Lorenzo Daniel De sold 1,685 shares of NetApp stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $123.60, for a total value of $208,266.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurian sold 8,500 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $126.11, for a total transaction of $1,071,935.00. Following the sale, the chief executive officer now owns 292,778 shares in the company, valued at $36,922,233.58. This represents a 2.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,049 shares of company stock worth $2,807,851 over the last 90 days. Corporate 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.