Why NetApp Stock Fell Sharply on Thursday

Why NetApp Stock Fell Sharply on Thursday

Shares of NetApp (NASDAQ: NTAP), a provider of cloud data-management solutions, were hit hard on Thursday. 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.