Stock Track | NetApp Plunges 16.88% on Lower Revenue Guidance and Soft Demand Outlook

Stock Track

Mar 01, 2025

Shares of NetApp (NTAP) plummeted 16.88% in Friday's intraday trading session, following the company's fiscal third-quarter earnings release. The data storage firm reported revenue of $1.64 billion, missing analyst expectations of $1.69 billion. While adjusted earnings per share of $1.91 matched forecasts, investors were spooked by NetApp's lowered full-year revenue and earnings guidance.

The company now expects fiscal 2025 revenue between $6.49 billion and $6.64 billion, down from its prior range of $6.54 billion to $6.74 billion. NetApp also cut its full-year adjusted EPS outlook to $7.17 - $7.27, versus previous guidance of $7.20 - $7.40. The reduced outlook reflects diminishing demand conditions for NetApp's core data storage offerings and the planned divestiture of its cloud optimization platform, Spot.

NetApp CEO George Kurian acknowledged sales execution issues and delayed deal closures as contributing factors to the revenue miss. Analysts also pointed to softness in public sector spending due to political and economic uncertainty. However, Kurian assured that the company's flexible global supply chain would help mitigate potential tariff impacts, as NetApp has reduced its dependency on China in recent years.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1144988928"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1144988928\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1144988928?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-01 01:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1144988928","market":"us","top_or_hot":-1,"title":"Stock Track | NetApp Plunges 16.88% on Lower Revenue Guidance and Soft Demand Outlook","media":"Stock Track","content":"<p>Shares of NetApp (NTAP) plummeted 16.88% in Friday's intraday trading session, following the company's fiscal third-quarter earnings release. The data storage firm reported revenue of $1.64 billion, missing analyst expectations of $1.69 billion. While adjusted earnings per share of $1.91 matched forecasts, investors were spooked by NetApp's lowered full-year revenue and earnings guidance.</p>\n\n<p>The company now expects fiscal 2025 revenue between $6.49 billion and $6.64 billion, down from its prior range of $6.54 billion to $6.74 billion. NetApp also cut its full-year adjusted EPS outlook to $7.17 - $7.27, versus previous guidance of $7.20 - $7.40. The reduced outlook reflects diminishing demand conditions for NetApp's core data storage offerings and the planned divestiture of its cloud optimization platform, Spot.</p>\n\n<p>NetApp CEO George Kurian acknowledged sales execution issues and delayed deal closures as contributing factors to the revenue miss. Analysts also pointed to softness in public sector spending due to political and economic uncertainty. However, Kurian assured that the company's flexible global supply chain would help mitigate potential tariff impacts, as NetApp has reduced its dependency on China in recent years.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | NetApp Plunges 16.88% on Lower Revenue Guidance and Soft Demand Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | NetApp Plunges 16.88% on Lower Revenue Guidance and Soft Demand Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-03-01 01:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of NetApp (NTAP) plummeted 16.88% in Friday's intraday trading session, following the company's fiscal third-quarter earnings release. The data storage firm reported revenue of $1.64 billion, missing analyst expectations of $1.69 billion. While adjusted earnings per share of $1.91 matched forecasts, investors were spooked by NetApp's lowered full-year revenue and earnings guidance.</p>\n\n<p>The company now expects fiscal 2025 revenue between $6.49 billion and $6.64 billion, down from its prior range of $6.54 billion to $6.74 billion. NetApp also cut its full-year adjusted EPS outlook to $7.17 - $7.27, versus previous guidance of $7.20 - $7.40. The reduced outlook reflects diminishing demand conditions for NetApp's core data storage offerings and the planned divestiture of its cloud optimization platform, Spot.</p>\n\n<p>NetApp CEO George Kurian acknowledged sales execution issues and delayed deal closures as contributing factors to the revenue miss. Analysts also pointed to softness in public sector spending due to political and economic uncertainty. However, Kurian assured that the company's flexible global supply chain would help mitigate potential tariff impacts, as NetApp has reduced its dependency on China in recent years.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NTAP","symbol_name":"美国网存","start_time":0,"source_url":"","article_id":"1144988928","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1144988928","pubTimestamp":1740765520,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of NetApp  plummeted 16.88% in Friday's intraday trading session, following the company's fiscal third-quarter earnings release. The data storage firm reported revenue of $1.64 billion, missing analyst expectations of $1.69 billion. While adjusted earnings per share of $1.91 matched forecasts, investors were spooked by NetApp's lowered full-year revenue and earnings guidance.The company now expects fiscal 2025 revenue between $6.49 billion and $6.64 billion, down from its prior range of $","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NTAP":"美国网存"},"translate_title":"由于收入指引下降和需求前景疲软，NetApp股价暴跌16.88%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NTAP":1},"content_text":"Shares of NetApp (NTAP) plummeted 16.88% in Friday's intraday trading session, following the company's fiscal third-quarter earnings release. The data storage firm reported revenue of $1.64 billion, missing analyst expectations of $1.69 billion. While adjusted earnings per share of $1.91 matched forecasts, investors were spooked by NetApp's lowered full-year revenue and earnings guidance.\nThe company now expects fiscal 2025 revenue between $6.49 billion and $6.64 billion, down from its prior range of $6.54 billion to $6.74 billion. NetApp also cut its full-year adjusted EPS outlook to $7.17 - $7.27, versus previous guidance of $7.20 - $7.40. The reduced outlook reflects diminishing demand conditions for NetApp's core data storage offerings and the planned divestiture of its cloud optimization platform, Spot.\nNetApp CEO George Kurian acknowledged sales execution issues and delayed deal closures as contributing factors to the revenue miss. Analysts also pointed to softness in public sector spending due to political and economic uncertainty. However, Kurian assured that the company's flexible global supply chain would help mitigate potential tariff impacts, as NetApp has reduced its dependency on China in recent years.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}