NetApp (NASDAQ:NTAP) Updates FY 2025 Earnings Guidance

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

NetApp Stock Down 15.4 %

Shares of NASDAQ:NTAP opened at $100.00 on Friday. The stock has a market cap of $20.33 billion, a P/E ratio of 18.38, a P/E/G ratio of 2.45 and a beta of 1.23. The firm has a fifty day moving average price of $119.85 and a 200 day moving average price of $121.86. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84. NetApp has a 1-year low of $88.49 and a 1-year high of $135.45.

NetApp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Friday, April 4th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, April 4th. NetApp’s dividend payout ratio is currently 38.52%.

Analyst Ratings Changes

NTAP has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of NetApp from $130.00 to $115.00 and set an “equal weight” rating for the company in a research note on Friday. Susquehanna downgraded shares of NetApp from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $155.00 to $130.00 in a research report on Monday, February 10th. Oppenheimer started coverage on shares of NetApp in a research report on Wednesday, November 13th. They set a “market perform” rating for the company. Barclays cut their price objective on shares of NetApp from $132.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Citigroup upped their price objective on shares of NetApp from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $132.07.

Insider Activity

In other news, CEO George Kurian sold 8,500 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $124.29, for a total value of $1,056,465.00. Following the completion of the transaction, the chief executive officer now owns 279,782 shares in the company, valued at $34,774,104.78. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael J. Berry sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $120.74, for a total transaction of $1,509,250.00. Following the transaction, the chief financial officer now owns 123,243 shares of the company’s stock, valued at $14,880,359.82. This trade represents a 9.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,903 shares of company stock worth $7,260,341 in the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

About NetApp

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.