The S&P 500 (^GSPC) is home to the biggest and most well-known companies in the market, making it a go-to index for investors seeking stability.
But not all large-cap stocks are created equal - some are struggling with slowing growth, declining margins, or increased competition.
NetApp’s third quarter results were met with a positive market reaction, reflecting management’s focus on high-margin segments and operational efficiency. CEO George Kurian pointed to the company’s unified data platform and strong momentum in all-flash arrays and public cloud services as key contributors. He also highlighted that AI-driven infrastructure deals nearly doubled year over year, and that recent product launches—such as AFX and the AI Data Engine—helped address growing customer demand for scalable, secure storage solutions. Kurian emphasized, “Customers are choosing NetApp for our unified data platform that delivers exceptional value and operational efficiencies, fueling our success in the face of the ongoing macro environment.”
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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But the many opportunities in front of them attract significant competition, spanning from industry behemoths with seemingly infinite resources to small, nimble players with chips on their shoulders.
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