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Why NetApp Stock Fell Sharply on Thursday

TheMotleyFool

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Why NetApp Stock Fell Sharply on ThursdayPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of NetApp (NASDAQ: NTAP), a provider of cloud data-management solutions, were hit hard on Thursday. Shares finished the trading day down about 14.5%.

The tech stock's decline followed NetApp's fiscal third-quarter results, which were released after market close Wednesday. Despite the timing of this sell-off in relation to the earnings report, pressure on the stock price may be more related to a sell-off in the overall market on Thursday than the numbers NetApp reported.

Image source: Getty Images.

Source Fool.com

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