NetApp Declares Quarterly Dividend of $0.52 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: seekingalpha
- Quarterly Dividend Announcement: NetApp has declared a quarterly dividend of $0.52 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 1.46% reflects the company's appeal in the current market environment, potentially boosting shareholder confidence and encouraging long-term stock holding.
- Dividend Payment Schedule: The dividend is payable on July 29, with a record date of July 9 and an ex-dividend date also on July 9, ensuring shareholders receive timely returns and further solidifying the relationship between the company and its investors.
- Future Revenue Forecast: NetApp forecasts FY 2027 revenue between $7.325 billion and $7.575 billion, primarily driven by enterprise AI demand, indicating the company's strong growth potential in the rapidly evolving technology sector.
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Analyst Views on NTAP
Wall Street analysts forecast NTAP stock price to fall
19 Analyst Rating
6 Buy
13 Hold
0 Sell
Moderate Buy
Current: 142.400
Low
110.00
Averages
124.21
High
137.00
Current: 142.400
Low
110.00
Averages
124.21
High
137.00
About NTAP
NetApp, Inc. is an intelligent data infrastructure company combining unified data storage, integrated data, operational and workload services. It creates silo-free infrastructure, harnessing observability and AI to enable data management. Its operational and workload services provide continuous optimization of performance and efficiency for infrastructure and workloads through observability and AI. Its Hybrid Cloud segment provides a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. Its Public Cloud segment offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage, data services and operational services. These solutions and services are available in the public clouds, including Amazon AWS, Microsoft Azure, and Google Cloud.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Impressive Annual Performance: For FY2026, NetApp's net income grew by 8% to $1.276 billion, with annual revenues increasing by 5% to $6.925 billion, indicating record highs across financial metrics and boosting investor confidence.
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- Significant Revenue Growth: The company's quarterly revenue rose 13% year-over-year to $1.95 billion, exceeding market expectations of $1.87 billion, indicating NetApp's sustained competitiveness in the data storage market.
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- Positive Future Outlook: Management's guidance for fiscal year 2027 consistently exceeds analyst projections, indicating strong demand and growth potential in the AI and data management sectors, further solidifying its market position.
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- Significant Revenue Growth: The company reported revenue of $1.95 billion, a 13% increase from the previous year, exceeding market expectations of $1.87 billion, indicating sustained growth potential in the data storage and management sector.
- Stock Price Breaks Historical High: Following the earnings report, NetApp's stock surged to $170, surpassing the previous all-time high of $148.63 set in 2000, reflecting strong investor confidence in the company's future prospects.
- Strong Demand in AI Market: CEO George Kurian emphasized that as enterprise AI adoption scales, the need to manage large volumes of unstructured data is increasing, positioning NetApp's services as a critical driver of ongoing growth.
See More
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