10 Battered Stocks on Friday

4. NetApp Inc. (NASDAQ:NTAP)

NetApp fell below the $100 level on Friday, finishing the trading session down by 15.57 percent at $99.81 apiece as dismal earnings performance for the third quarter of fiscal year 2025 disappointed investors.

In its release, NTAP said net income for three months ending January 31, 2025, dropped by 4.4 percent to $299 million from $313 million in the same period a year earlier, while net revenues inched up by 2 percent to $1.64 billion from $1.6 billion in the same period.

Meanwhile, net income for the first nine months stood at $846 million, representing a 21.7-percent increase from the $695 million in the same period a year ago, while net revenues grew by 5 percent to $4.84 billion from $4.6 billion.

Following the results, financial services firm Wedbush lowered its price target for the company to $110 from $120 previously while keeping a ‘neutral’ rating for the company.