NetApp falls on downbeat 2026 revenue forecast
ReutersMay 29, 2025 8:22 PM
Shares of data storage company NetApp NTAP.O fall 5.3% to $94 in extended trading
Company expects 2026 revenue to be between $6.63 billion and $6.88 billion vs est. of $6.86 billion, according to data compiled by LSEG
NTAP reports Q4 revenue of $1.73 billion compared with $1.67 billion a year ago
Company posts Q4 adjusted earnings of $1.93 per share vs est. of $1.90 per share
Up till last close, stock down 14.4% YTD
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