<< Read Full Article

Network Appliance Taken Apart

Stock quotes in this article: NTAP , HPQ , EMC  

Updated from 5:14 p.m. EDT

Shares of Network Appliance (NTAP Quote) sank late Thursday after the data-storage device maker lowered its revenue and profit estimates for the quarter that ended last month.

In a statement released after the markets closed, Network Appliance said first-quarter revenue would fall in the range of $684 million to $688 million. In May, the company had estimated it would have $745 million to $753 million.

The company blamed soft tech spending in the U.S. and U. K., namely from customers in financial services, manufacturing, telecommunications and life sciences. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services