NetApp (NTAP) Given Daily Media Sentiment Score of 0.18
Media headlines about NetApp (NASDAQ:NTAP) have trended somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NetApp earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the data storage provider an impact score of 46.0076484416861 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Analysts Anticipate NetApp, Inc. (NTAP) Will Post Quarterly Sales of $1.38 Billion (americanbankingnews.com)
- NetApp, Inc. breached its 50 day moving average in a Bullish Manner : NTAP-US : September 20, 2017 (finance.yahoo.com)
- NetApp Hosts Technology Sessions at 2017 Insight Conference in Las Vegas, Nevada (finance.yahoo.com)
- Dell Taking Share from NetApp, Flash Slowing, Says Morgan Stanley (finance.yahoo.com)
- Factors That Impacted NetApp Stock since Its Fiscal 1Q18 Earnings (finance.yahoo.com)
NetApp (NASDAQ:NTAP) opened at 42.55 on Friday. The company has a market cap of $11.48 billion, a PE ratio of 20.55 and a beta of 1.22. NetApp has a 1-year low of $30.36 and a 1-year high of $45.24. The firm’s 50-day moving average is $40.34 and its 200 day moving average is $40.60.
NetApp (NASDAQ:NTAP) last announced its quarterly earnings data on Wednesday, August 16th. The data storage provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. NetApp had a return on equity of 24.13% and a net margin of 10.47%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.46 earnings per share. NetApp’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts predict that NetApp will post $3.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Friday, October 6th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.88%. NetApp’s dividend payout ratio is 38.65%.
A number of research firms recently commented on NTAP. Credit Suisse Group upped their price target on shares of NetApp from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. Longbow Research upgraded shares of NetApp from a “neutral” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, August 15th. Barclays PLC upped their price target on shares of NetApp from $35.00 to $38.00 and gave the company an “underweight” rating in a report on Thursday, August 17th. BidaskClub lowered shares of NetApp from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, UBS AG upgraded shares of NetApp from a “sell” rating to a “neutral” rating and set a $40.00 price target for the company in a report on Friday, May 26th. Three investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and fourteen have given a buy rating to the company’s stock. NetApp has an average rating of “Hold” and a consensus price target of $43.89.
In related news, EVP Henri P. Richard sold 1,976 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $43.41, for a total transaction of $85,778.16. Following the completion of the sale, the executive vice president now directly owns 19,788 shares in the company, valued at $858,997.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO George Kurian sold 59,697 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $39.93, for a total value of $2,383,701.21. Following the sale, the chief executive officer now owns 87,295 shares of the company’s stock, valued at $3,485,689.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,202 shares of company stock valued at $3,427,038. 0.47% of the stock is owned by corporate insiders.
NetApp Company Profile
NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models.
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