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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| NetApp Inc | NASDAQ:NTAP | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.06 | -0.06% | 102.42 | 102.41 | 102.43 | 103.23 | 101.82 | 101.82 | 675,836 | 20:26:09 |
From Apr 2019 to Apr 2024
By Allison Prang
NetApp Inc. (NTAP) said it expects net revenue to fall about 8% this fiscal year.
The company had been expecting net revenue to fall between 5% and 10%.
NetApp expects consolidated gross margins to be between 67% and 68% on an adjusted basis and for its GAAP consolidated gross margins to be between 66% and 67%. It was guiding for its adjusted consolidated gross margins to be between 66% and 67% and for its GAAP consolidated gross margins to be between 65% and 66%.
NetApp expects its adjusted operating margins to be between 21% and 22%. It was expecting adjusted operating margins between 19% and 22%. It expects its GAAP operating margins to be between 18% and 19%. It was expecting between 16% and 19%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
November 13, 2019 16:43 ET (21:43 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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