Enterprise storage specialist NetApp (NASDAQ: NTAP) reported earnings after the closing bell on Wednesday, beating Wall Street’s earnings targets and drawing up a clear picture of solid growth prospects after a couple of lean years. Share prices still fell more than 6% on the news, but that’s more profit-taking than a thumbs-down vote on NetApp’s results.
Here’s what you need to know.
Flash-based storage is a strong growth driver for NetApp right now. Image source: Getty Images.