NetApp last night reported "another solid quarter," with revenue 2.6% above the midpoint of guidance and consensus, Piper Jaffray analyst Andrew Nowinski tells investors in a post-earnings research note. All-Flash revenue increased 43% year-over-year at a $2.4B annual rate, implying the company continues to lead the market, the analyst adds. He attributes the post-earnings selloff to the inline guidance for Q1 and fiscal 2018, though believes it remains conservative given management's track record for beating guidance. Nowinski raised his price target for NetApp shares to $77 from $75 and reiterates an Overweight rating on the name.