(Reuters) - Data storage equipment maker NetApp Inc's <NTAP.O> gloomy first-quarter forecast, driven by worries over weak demand in Europe and fiercer competition, prompted brokerages to cut their rating and price target on the stock.
SAN FRANCISCO (Reuters) - NetApp Inc <NTAP.O> on Wednesday forecast revenue below Wall Street's expectations and its chief executive warned of uncertainty in Europe, sending the data storage equipment maker's shares down 18 percent in after-hours trade.
SAN FRANCISCO (Reuters) - NetApp Inc <NTAP.O> forecast revenue below expectations and its CEO warned he is cautious about the outlook for business in Europe, sending the data storage equipment maker's shares down nearly 22 percent in after-hours trade.
SAN FRANCISCO (Reuters) - NetApp Inc <NTAP.O> forecast revenue below expectations and its CEO warned he is cautious about the outlook for business in Europe, sending the data storage equipment maker's shares down 22 percent in after-hours trade.
(Reuters) - As a cautious outlook from Cisco Systems Inc <CSCO.O> pummels shares of the network equipment maker and its peers, it might be time to go bargain hunting.
(Reuters) - As a cautious outlook from Cisco Systems Inc pummels shares of the network equipment maker and its peers, it might be time to go bargain hunting.
(Reuters) - EMC Corp <EMC.N> bought privately held flash-memory storage products maker XtremIO in a cash deal, which will complement EMC's flash-based systems and software products.
(Reuters) - Solid-state drives maker STEC Inc <STEC.O> reported a bigger-than-expected quarterly loss on increased competition and forecast a weak second quarter, sending its shares down 12 percent in extended trade.
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