NetApp falls on downbeat 2026 revenue forecast

NetApp

29/05/2025 21:22

** 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

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))