Shares of data software company NetApp (NTAP) ended Thursday’s trading day down 10 percent, making it TheStreet’s Move of the Day. The stock plummeted after reporting disappointing fiscal 2015 fourth-quarter results on Wednesday. Non-GAAP earnings per share came in at 65 cents, falling short of the 84 cents earned during the same quarter last year. The company reported full-year net revenue of $6.12 billion for its fiscal 2015, which ended April 24, 2015. ‘We are not satisfied with our fourth-quarter results and are taking concrete action to transition NetApp for the next phase of growth,’ said Tom Georgens, Chairman & CEO of NetApp. Shares of NetApp ended Thursday’s trading day at $31.75 per share and lost 23 percent since the start of the year. Over the past twelve months, the stock dipped almost 6 percent.
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