NetApp, Inc.’s Stock Price Plummets to $99.79, Marking a Staggering 15.59% Drop

NetApp, Inc. (NTAP)

99.79 USD -18.43 (-15.59%) Volume: 9.69M

NetApp, Inc.’s stock price currently stands at 99.79 USD, experiencing a significant drop of -15.59% this trading session with a trading volume of 9.69M. With a year-to-date percentage change of -14.04%, NTAP’s stock performance reflects a challenging market environment.

Latest developments on NetApp, Inc.

NetApp Inc. recently reported its third-quarter fiscal year 2025 results, showcasing strong revenue growth despite facing challenges in sales execution and government-related headwinds. The company’s earnings call highlighted its steady growth and strategic advances, with EPS at $1.44 and revenue at $1.64 billion, slightly below estimates. However, NetApp’s stock price took a hit as Wall Street digested the noisy quarter, leading to a 11% tumble after Q3 revenue missed estimates and guidance disappointed. Despite this setback, NetApp remains optimistic about its future, projecting a 15% growth in public cloud in Q4 driven by strong AI demand.

NetApp, Inc. on Smartkarma

Analysts at Baptista Research have been closely following Netapp Inc on Smartkarma, highlighting the company’s recent earnings performance and strategic growth drivers. In their report “NetApp Inc.: Keystone Subscription Model Expansion As A Critical Growth Lever! – Major Drivers,” the analysts point out NetApp’s strong performance in the second quarter of fiscal year 2025. The company saw significant growth in its all-flash storage segment and solid momentum in cloud storage services, leading to a 6% increase in reported revenues to $1.66 billion.

Furthermore, Baptista Research‘s report “NetApp Inc.: A Story Of Cloud Storage Portfolio Growth & All-Flash Array Market Expansion! – Major Drivers” emphasizes NetApp’s positive start to Fiscal Year 2025. Despite economic challenges, the company achieved an 8% year-over-year revenue growth in the first quarter, along with record operating margin and earnings per share figures. With this strong performance, NetApp has raised its fiscal year outlook, showcasing confidence in its revenue and profitability moving forward.

A look at NetApp, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

NetApp Inc, a company that provides storage and data management solutions, has received favorable scores in key areas according to Smartkarma Smart Scores. With a strong Dividend score of 4 and a Growth score of 4, the company shows promise for long-term stability and potential for expansion. Additionally, NetApp Inc has a Momentum score of 4, indicating positive market momentum. While the company’s Value score is lower at 2, the overall outlook appears to be optimistic based on the scores.

NetApp Inc serves a wide range of clients, including enterprises, government agencies, and universities worldwide. With a Resilience score of 3, the company demonstrates a moderate level of resilience in the face of challenges. Overall, NetApp Inc’s strong performance in Dividend, Growth, and Momentum scores suggests a positive long-term outlook for the company in providing storage solutions for open network environments.

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