NetApp Stock Tumbles on Revenue Miss and Weak Guidance. Analysts Aren't Panicking.
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NetApp's stock fell due to a revenue miss and weak guidance, but analysts believe this doesn't reflect a broader decline in IT spending.
February 28, 2025 | 1:15 pm
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NEGATIVE IMPACT
NetApp's stock declined following a revenue miss and weak future guidance. However, analysts suggest this isn't a sign of reduced IT spending.
The revenue miss and weak guidance directly impacted NetApp's stock price negatively. However, analysts' reassurance about IT spending trends provides some confidence that the impact may be short-lived.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100