NetApp (NTAP) Slammed On Weak Outlook

May 23, 2012 4:11 PM EDT
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NetApp, Inc. (NASDAQ: NTAP) is under heavy pressure after in-line Q4 numbers, but lower guidance. Shares last traded down 15%.

The company reported Q4 EPS of $0.66, $0.03 better than the analyst estimate of $0.63. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.68 billion.

NetApp, Inc. sees Q1 2013 non-GAAP EPS of $0.34-$0.39 versus the consensus of 0.59 and revenues of $1.40 billion to $1.50 billion versus the consensus of $1.61 billion.

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