• The company stabilized its legacy business and its strategic solutions grew at a 25% pace, although helped a bit by currency tailwinds.
• NetApp seems to have caught a wave in the flash array market, and there is another one coming in HCI. Both are in the early innings.
• Its operational margins are set to expand further, and despite some CapEx increase, the company generates tons of free cash flow.
• We think the shares are still attractive.

Source: NetApp: Deceptively Slow Growth – NetApp, Inc. (NASDAQ:NTAP) | Seeking Alpha