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NetApp: Deceptively Slow Growth

June 3rd, 2018 · No Comments

  • 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

Tags: NTAP