NetApp (NASDAQ:NTAP) Issues FY 2025 Earnings Guidance

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of NetApp from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Wedbush reissued a “neutral” rating and issued a $120.00 price target on shares of NetApp in a report on Friday, November 22nd. Barclays raised their price target on shares of NetApp from $119.00 to $132.00 and gave the company an “equal weight” rating in a 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 target for the company in a report on Monday, December 16th. Finally, Bank of America raised shares of NetApp from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $121.00 to $128.00 in a report on Wednesday, February 19th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $137.33.

NetApp Trading Down 5.2 %

Shares of NTAP stock traded down $6.48 on Thursday, hitting $118.01. The stock had a trading volume of 1,723,940 shares, compared to its average volume of 1,487,111. NetApp has a twelve month low of $86.43 and a twelve month high of $135.45. The firm has a market cap of $23.99 billion, a P/E ratio of 21.69, a PEG ratio of 2.45 and a beta of 1.23. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average price of $120.19 and a two-hundred day moving average price of $122.04.

Insider Activity

In related news, President Cesar Cernuda sold 22,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $114.99, for a total value of $2,529,780.00. Following the sale, the president now directly owns 27,099 shares of the company’s stock, valued at approximately $3,116,114.01. The trade was a 44.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurian sold 8,500 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 279,782 shares in the company, valued at $34,774,104.78. This represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,903 shares of company stock valued at $7,260,341 in the last quarter. Company 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.