NetApp’s fiscal second quarter 2017 revenue and earnings were down but its share price rose more than 10 percent in after-hours trading as investors are starting to see growth in all the right places.
An all-flash storage business that is outgrowing the market and the near-complete shift away from mature products to higher-margin, strategic solutions is leading to optimism at NetApp that sustainable growth is around the corner, despite the emergence of Dell EMC as a “formidable competitor.”
