Shares of data storage company NetApp (NASDAQ:NTAP) fell 1.3% in the afternoon session after its weak revenue forecast for the upcoming quarter overshadowed an otherwise solid earnings report.
Wondering what's happening in today's session regarding gap up and gap down stocks? Explore the S&P500 index on Wednesday to uncover the stocks that are gapping in the S&P500 index.
Before the US market kicks off on Wednesday, let's examine the pre-market session and unveil the notable performers among the S&P500 top gainers and losers.
Data storage company NetApp (NASDAQ:NTAP) reported Q3 CY2025 results exceeding the market’s revenue expectations, with sales up 2.8% year on year to $1.71 billion. On the other hand, next quarter’s revenue guidance of $1.69 billion was less impressive, coming in 1.1% below analysts’ estimates. Its non-GAAP profit of $2.05 per share was 8.8% above analysts’ consensus estimates.
Data storage company NetApp (NASDAQ:NTAP) announced better-than-expected revenue in Q3 CY2025, with sales up 2.8% year on year to $1.71 billion. On the other hand, next quarter’s revenue guidance of $1.69 billion was less impressive, coming in 1.1% below analysts’ estimates. Its non-GAAP profit of $2.05 per share was 8.8% above analysts’ consensus estimates.
A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official hinted at a potential interest rate cut in December.
A number of stocks fell in the afternoon session after markets faded the Nvidia rally in the morning session, as investors remained uncertain about future rate cuts.
NetApp (NTAP) offers a reliable dividend with a sustainable payout ratio, strong profitability, and a decade of consistent payments. Ideal for income investors.
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at NetApp (NASDAQ:NTAP) and the best and worst performers in the hardware & infrastructure industry.
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Business services providers use their specialized expertise to help enterprises streamline operations and cut costs. Furthermore, the demand for their offerings is rising as more clients outsource non-core functions,
a trend that has enabled the industry to return 33% over the past six months.
At the same time, the S&P 500 was up 29.3%.
