NetApp forecasts annual revenue below estimate on weak data storage demand
NetApp forecast
fiscal 2026 revenue
below Wall Street expectations on Thursday, hit by sluggish spending on its cloud data storage services as enterprises cut budgets amid
economic uncertainty
, sending its shares down 5% in extended trading.
Macroeconomic volatility stemming from a global trade war and tariff threats have prompted enterprises to keep a tight leash on spending, impacting demand for cloud storage and data processing services provided by companies such as NetApp.
NetApp helps businesses improve the efficiency of their data storage infrastructure and counts companies such Amazon.com's Amazon Web Services, Alphabet's Google Cloud and Microsoft's Azure as clients.
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The company forecast full-year revenue of between $6.63 billion and $6.88 billion, the midpoint of which came in below the estimate of $6.86 billion, according to data compiled by LSEG.
It expects first-quarter revenue of between $1.46 billion and $1.61 billion, compared with the estimate of $1.61 billion.
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Revenue for the fourth quarter came in at $1.73 billion, beating the estimate of $1.72 billion.
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NetApp reported
profit per share
of $1.65 for the quarter, compared with a profit of $1.37 a year ago.
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Time of India
32 minutes ago
- Time of India
Weekly Horoscope, June 1 to June 7, 2025: Read weekly astrological predictions
Your weekly horoscope is here to provide you with the insight and guidance you need to navigate the ups and downs of life. Get ready to discover what the stars have in store for you. Aries This week brings control over previously chaotic matters. Fortune favors you, particularly in business—your past efforts may be rewarded. It's an ideal time to restart delayed projects. Spiritual pursuits may call to you, possibly involving a peaceful journey or charitable donation. Assisting the underprivileged could bring fulfillment. At work, colleagues may seek your support, and real estate projects are likely to see progress. Toward the end of the week, favorable planetary alignments bring peace of mind and contentment. Gains from earlier investments are possible, and you'll be able to make quick, sound decisions in work or business—potentially leading to financial growth. You may consider reinvesting profits into your ventures, boosting your bank balance. Romance flourishes, enhancing domestic harmony. Singles could find a suitable match. Students are likely to be lucky, and couples may welcome a new family member. Taurus The beginning of the week may feel sluggish. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo You might feel unmotivated and experience setbacks. Avoid investments or high-risk financial activities, as losses are possible. Stay out of controversies, as they may drag you into unnecessary negativity. However, your strong willpower and blessings from elders can help you navigate these challenges. Avoid arguments in both domestic and romantic spheres. You may also feel drawn to spiritual or mystical topics. In the latter part of the week, your professional life sees improvement. Fate pushes you toward career or job-related responsibilities, increasing your commitment and possibly leading to mental fatigue. Social gatherings might take a backseat, but support from your partner will be comforting. Lovebirds may consider marriage. Job seekers could receive positive news, possibly through networking. Gemini This week highlights family responsibilities and domestic happiness. Health feels stable, and your bond with your spouse strengthens. You may enter a new business partnership or make quick decisions that yield profits. Investments in government-backed assets could be fruitful. However, monitor your diet to avoid throat or stomach issues. Those in fashion, media, film, education, or science fields will do particularly well. Later in the week, you'll be blessed with planetary support, bringing joy and productivity. Your professional network may expand, and you'll be able to implement new ideas with success. A spiritual inclination might lead you to plan a pilgrimage with family or friends, enriching your inner peace. Reunions or celebrations with close relatives could also be on the horizon. Cancer The week begins with strong planetary support, helping you overcome confusion and focus on your goals. Health improves, income increases, and expenses remain under control—boosting your finances. You'll have the upper hand in competitive situations, including legal matters. Recognition at work is likely, possibly with a promotion. A short trip related to academics or work may occur. However, the weekend may bring a dip in energy and mood. Boredom and emotional sensitivity could set in, along with health issues stemming from poor sleep. Avoid high-risk travel and be cautious of hidden rivals. Steer clear of arguments, as they could escalate into serious disputes. Delay important decisions for now. In love, maintain patience and avoid unnecessary conflicts. Leo This week brings mixed results due to shifting planetary influences. Your intellect and desire for knowledge will shine. You may consider higher education to advance your career or get involved in social causes. Investments in property or home may yield returns. Confidence may waver at times, but you'll keep hidden rivals in check. Lovebirds enjoy peaceful moments. Students and job seekers may receive encouraging news. The later part of the week may bring mood swings or emotional detachment. You could feel drawn to spiritual or occult topics. A dry or distant behavior may emerge, affecting your relationships. However, with the blessings of elders and some introspection, you can resolve personal issues. Self-awareness boosts your relationship with your partner. Conflicts in partnerships may settle. Students may make important career decisions, and singles might find a suitable match through family. Virgo The week begins with low energy due to weak planetary support. You may feel discontent or distracted from your responsibilities. Relocating for career, education, or peace of mind may cross your mind. Avoid risky financial decisions, especially in partnerships or unstable ventures. Also, be mindful of your parents' health. Toward the weekend, things improve. Your enemies and health concerns come under control. Renovation or home improvement projects may begin. You may purchase décor or creative items to enhance your home environment. Matrimonial issues may find resolution. Job seekers might hear good news. With luck on your side, success in work is likely. Singles may find the right match, lovebirds may plan marriage, and promotions or job changes could also be in store. Libra This week, you're blessed by favorable planetary influences. You'll feel courageous and energetic, enabling you to complete tasks on time, boosting your self-confidence. Your energy levels are high, empowering you to make bold decisions for personal and professional growth. Support from colleagues and subordinates will enhance your job performance, potentially leading to a raise or promotion. Job seekers may land suitable roles through their network. Students may hear positive news about results or admissions. Real estate disputes, particularly with relatives, may be resolved. You're also likely to successfully implement pending plans. Singles may find a compatible partner. Toward the weekend, circumstances remain favorable. With elders' blessings, your confidence and efficiency at work improve. You might initiate creative or innovative projects that lead to profit after modest investments. Acts of charity or donations to religious causes can raise your public image. You may bring artistic or decorative items into your home. Students perform well, and couples enjoy quality time together. Scorpio This week brings better financial discipline. You may choose to invest your savings in promising opportunities that can strengthen your financial future. 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Sagittarius Positive planets bring you energy and good health this week. You'll feel balanced both at home and work, leading to improved confidence. Family responsibilities may occupy your time, and your interest in art, fashion, or films may inspire creativity. Spending on home décor or personal luxuries may elevate your status. Your communication becomes more tactful, and a short family trip or gathering with friends might bring joy. Positive updates from siblings are likely. In the latter part of the week, a short work-related trip may expand your professional network and opportunities. With team support, you can complete challenging assignments on time, further boosting your confidence. You'll remain practical in handling issues at home and at work. Family disputes may resolve peacefully. Ensure you pay attention to your parents' health. Those working in pharmaceuticals, agriculture, or IT may have particularly strong performance. Capricorn This week, negative planetary influence may cause low energy and pessimism. Be cautious, as impulsive decisions could lead to setbacks. Avoid expecting too much—it could lead to disappointment. Travel and fast driving should be minimized for safety. Struggling to balance income and expenses may strain your finances, so avoid unnecessary spending. Keep a close watch on opponents, as hidden challenges may arise. By the end of the week, things start to look up. You'll reconnect with family and may attend social or family events. Maintain a calm and polite approach in all interactions. New income streams may open, strengthening your finances. You might purchase important household items for your home or office. Your inner resolve helps you meet deadlines. Sibling-related disputes may be resolved. Short work-related trips could help build your professional network. Aquarius This week promises financial recovery and opportunities, thanks to supportive planetary alignments. Losses may be reversed into profits, and new investments could lead to long-term gains. You'll expand your social circle, which could enhance your public image. Friends or family might assist you in property or asset investments that will yield returns in the near future. Students stay focused, and singles may find their soulmate. Couples might hear happy news regarding a child. Later in the week, you'll enjoy harmony at home. You may purchase artistic items or consider renovating your workspace. Joyous family moments will strengthen emotional bonds. Lovebirds may take the next step toward marriage. Children perform well academically or creatively. You'll manage your finances wisely, leading to increased savings. A fun trip or entertainment activity with family or friends is likely. Pisces The week begins with strong planetary support. Mental peace and happiness prevail, and you may experience a rise in social status. 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Time of India
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Time of India
an hour ago
- Time of India
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