NetApp Projects Q1 Revenue Between $1.75 Billion and $1.9 Billion
Reported by Dow Jones Newswires
Sentiment
Neutral
Importance
8
Price
$160
Mkt Cap
$28.1B
52W Low
$93.69
52W High
$143.65
Market data snapshot near publication time
Summary
NetApp has issued its revenue guidance for the first quarter, forecasting sales to be in the range of $1.75 billion to $1.9 billion. This forward-looking guidance provides crucial insight into the company's near-term financial expectations. For a company of NetApp's size, this guidance is a key input for analyst models and investor sentiment, directly impacting future valuation and trading decisions.
At the time of this announcement, NTAP was trading at $160.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $28.1B. The 52-week trading range was $93.69 to $143.65. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.