Despite the lower-than-expected opening, CEO Scott Dietzen told CNBC's "Squawk on the Street" he's encouraging his team to think long term.
"This is a marathon, not a sprint. ... Don't look at the stock day to day, think in quarters and in years, because that is the kind of company we're looking to build," he said.
Dietzen also told CNBC he's confident in his company's ability to do well among competitors in the storage industry.
"To have success in this market you've got to craft a software model that takes great advantage of the flash. You've got to build the right hardware, you've got to build the right cloud automation, and we think you have to change the business model, too," he said. "None of our big competitors have any one of those four ingredients right yet, and we've got a two year lead that we're going to grow over time."