NTAP
NASDAQ · Technology
Netapp Inc
$215.48
+2.97 (+1.40%)
NTAP News15 articles
AI Selloff Widens Nasdaq-Dow Gap to Three-Month High
The Nasdaq dropped 1.88% on AI selling while the Dow slipped 0.09%, marking the widest gap since July. Inflation data and rate concerns drove the split.
Inflation Shock Sinks Nasdaq, Defensive Stocks Outperform
U.S. stocks slid Wednesday after a hotter-than-expected inflation report sent Treasury yields higher, hitting tech shares. Defensive sectors outperformed as investors sought shelter.
Small-Cap Futures Lead as Oil Retreats From $93
Russell 2000 futures advanced 0.73% as oil pulled back from $93, while S&P 500 and Nasdaq-100 futures also posted gains. Treasury yields slipped, and jobless claims ticked higher.
Oil Rally Pressures Nasdaq as Dow Holds Firm
Crude oil tops $92 a barrel, driving a wedge between the Dow and Nasdaq futures. Snowflake jumps on strong guidance, while Broadcom and NetApp slide.
NetApp Shares Slide 7.9% Despite Record Revenue as Cash Flow Drops
NetApp shares dropped 7.9% in premarket trading despite a 30% revenue increase, as free cash flow fell 35% and cash conversion halved, raising investor concerns.
Small Caps Lead Market Rebound as Wall Street Breaks Losing Streak
Wall Street rebounded Wednesday, ending a three-day losing streak. The Russell 2000 led gains, rising 1.1%, while Snowflake surged 22% in after-hours trading.
NetApp Stock Soars on AI Storage Demand, Guidance Boost
NetApp shares jumped over 26% after the company beat quarterly estimates and raised its outlook on strong AI-driven demand for storage solutions.
NetApp Surges on AI Storage Demand, Beats Q4 Estimates
NetApp shares surged 13% in after-hours trading after beating Q4 estimates with $1.95B revenue and $2.43 EPS, driven by AI and cloud storage demand. The company forecast fiscal 2027 revenue up to $7.575B.
Everpure Beats Q1 Estimates but Shares Dip on Rising Memory Costs
Everpure reported Q1 revenue of $1.05B, up 35% YoY, beating estimates. However, shares fell 2.8% as rising memory costs from AI demand pressure margins.
Seagate CFO Sells $19M in Stock as AI Storage Rally Nears Peak
Seagate CFO Gianluca Romano sold about $18.9 million in shares on May 6-7 under a pre-arranged plan, as the stock closed near record highs on AI storage demand.
Western Digital Insider Sale Draws Attention Ahead of Key March Events
Western Digital shares declined after an insider sale filing by its chief legal officer. Investor focus shifts to an upcoming Morgan Stanley conference and the stock's ex-dividend date.
Seagate Shares Dip Ahead of Holiday as $600M Debt Exchange Looms
Seagate Technology shares declined Friday, trailing storage sector peers, as the company moves forward with a plan to exchange $600 million in notes for cash and equity. Trading pauses for the Presidents Day holiday.
Western Digital Shares Dip Ahead of Key Fed Data and Inflation Report
Western Digital shares declined 0.9% to $281.58 on Friday amid light trading volume. Investors await Federal Reserve minutes and inflation data this week while monitoring company developments.
Western Digital Gains After Bond Redemption, Focus Shifts to Buybacks and AI Demand
Western Digital shares advanced in after-hours trading following the early redemption of its 2026 senior notes, as the company emphasizes balance sheet management and shareholder returns.
Seagate Shares Dip Amid Analyst Target Hikes, Macro Data in Focus
Seagate stock declined 0.4% to $427.48 despite Loop Capital raising its price target to $700. Investors await U.S. jobs and inflation data for interest rate signals.