NetApp's Q3 Earnings Meet Estimates, Stock Tanks on Lowered Guidance
Portfolio Pulse from
NetApp's Q3 earnings met estimates, but the stock fell due to lowered revenue guidance for fiscal 2025. The company saw growth in all-flash, first-party, and marketplace cloud storage services.
February 28, 2025 | 9:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
NetApp's Q3 earnings met expectations, but the stock declined due to a reduced revenue outlook for fiscal 2025. Despite growth in key areas, the guidance impacted investor sentiment.
The stock price of NTAP is likely to decline in the short term due to the lowered revenue guidance for fiscal 2025, which overshadowed the positive earnings report. Investors are concerned about future revenue growth despite current performance gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100