NetApp Decides on Earnings vs. CEO (NTAP)

Posted in General 
August 20th, 2009

NetApp, Inc. (NASDAQ: NTAP) is one of the more active issues to the downside this morning. The storage player reported better than expected earnings, but the firm refused to give much in details for guidance. More importantly, it replaced its CEO. At 8:28 AM EST we have seen a drop of 4.5% to $21.85 and there have been over 165,000 shares that have traded hands. Average volume is over 8 million shares, but this traded almost 2.2 million shares in the after-hours session after the news last night. -JON OGG

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