NetApp (NASDAQ:NTAP) Releases FY 2025 Earnings Guidance

NetApp (NASDAQ:NTAPGet Free Report) updated its FY 2025 earnings guidance on Thursday. 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 5.2 %

NASDAQ:NTAP traded down $6.48 on Thursday, hitting $118.01. 1,723,940 shares of the company’s stock were exchanged, compared to its average volume of 1,487,111. The firm has a 50-day moving average price of $120.19 and a 200-day moving average price of $122.04. 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 52 week low of $86.43 and a 52 week high of $135.45. The company has a market cap of $23.99 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23.

Analyst Upgrades and Downgrades

Several brokerages have commented on NTAP. Barclays boosted their price target on shares of NetApp from $119.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Morgan Stanley boosted their price target on shares of NetApp from $132.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Citigroup boosted their price target 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. Wedbush reissued a “neutral” rating and set a $120.00 price target on shares of NetApp in a research report on Friday, November 22nd. Finally, Oppenheimer began coverage on shares of NetApp in a research note on Wednesday, November 13th. They set a “market perform” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NetApp currently has an average rating of “Hold” and a consensus target price of $137.33.

Read Our Latest Report on NTAP

Insider Transactions at NetApp

In related news, President Cesar Cernuda sold 22,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the president now owns 27,099 shares of the company’s stock, valued at $3,116,114.01. This represents a 44.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael J. Berry sold 12,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 123,243 shares of the company’s stock, valued at approximately $14,880,359.82. The trade was a 9.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,903 shares of company stock valued at $7,260,341. Company insiders own 0.47% of the company’s stock.

About NetApp

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for NetApp (NASDAQ:NTAP)

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