Analyst Commentary

Years of effort produce positive, but tenuous, financial improvement for NetApp



NetApp’s CY4Q16 revenue results were more than a year in the making NetApp (Nasdaq: NTAP), one of the few major pure play storage vendors remaining in the industry, sharpened its focus throughout CY2016 on strategic growth markets, such as flash and cloud-based storage, to offset ongoing challenges to its legacy storage businesses. Following near-term challenges due to executive turnover, CEO George Kurian’s approximately one-and-a-half-year tenure at NetApp has enabled the company to execute on longer-term strategies. Thes...

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