NetApp, Inc. (NTAP) To Go Ex-Dividend on July 10th

NetApp, Inc. (NASDAQ:NTAP) declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Friday, July 10th will be given a dividend of 0.52 per share by the data storage provider on Wednesday, July 29th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, July 10th.

NetApp has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. NetApp has a payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect NetApp to earn $7.83 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 26.6%.

NetApp Stock Up 22.4%

NTAP stock opened at $174.29 on Friday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.36 and a current ratio of 1.39. The company has a market capitalization of $34.39 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 2.60 and a beta of 1.28. NetApp has a fifty-two week low of $93.69 and a fifty-two week high of $192.83. The stock has a fifty day moving average of $112.46 and a 200-day moving average of $107.95.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.87 billion. NetApp had a return on equity of 126.01% and a net margin of 18.43%.The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the company posted $1.93 EPS. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. As a group, equities research analysts predict that NetApp will post 7.14 earnings per share for the current year.

NetApp News Roundup

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp reported fiscal Q4 revenue of $1.95 billion, topping estimates and rising 12.5% year over year, while non-GAAP EPS came in at $2.43, also above expectations. NetApp Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Management issued FY2027 guidance above Wall Street estimates, pointing to revenue of about $7.3 billion-$7.6 billion and EPS of $8.70-$9.00, which supports optimism for continued growth and margin expansion. Why NetApp Stock Soared 35% Friday Morning
• Positive Sentiment: Analysts sharply lifted price targets after the report, including JPMorgan, Bank of America, Citigroup, Wedbush, Susquehanna, Northland, and Wells Fargo, signaling that the earnings beat may lead to higher estimates even if several firms kept neutral or hold-type ratings. Analyst price target updates
• Positive Sentiment: NetApp also announced a quarterly dividend and a new $1 billion share repurchase program, adding to shareholder returns and potentially supporting the stock. NetApp Announces New $1 Billion Share Repurchase Program

NetApp Company Profile

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.