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MarketScreener Homepage  >  Equities  >  Nasdaq  >  NetApp, Inc.    NTAP

NETAPP, INC.

(NTAP)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 12/03 12:09:07 pm
59.32 USD   +0.15%
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NetApp : Brings Optimization and Enterprise Data Services to the Cloud

10/26/2020 | 11:01am EST

Among the newly introduced capabilities, Spot by NetApp’s Kubernetes optimization enables organizations to save up to 90% on compute and storage

Global, cloud-led, data-centric software company NetApp® (NASDAQ: NTAP) today unveiled a groundbreaking serverless and storageless solution for containers from Spot by NetApp, a new autonomous hybrid cloud volume platform, and cloud-based virtual desktop solutions. NetApp’s new capabilities help simplify and optimize multicloud management for the highest performance at a low cost, offering true portability for data-rich cloud applications and delivering comprehensive workplace solutions across hybrid cloud environments.

“To thrive in the new normal, digital transformation has become a business imperative. To succeed, businesses need to optimize their hybrid multicloud IT architectures,” said NetApp CEO George Kurian. “No matter where customers are on their transformation journey, NetApp can help them build a data fabric to maximize the value of their data, ensure applications are running optimally, and unlock the best of cloud.”

The new features and capabilities that NetApp introduced today include:

  • A groundbreaking serverless and storageless solution for containers, Spot Storage by NetApp combined with Spot Ocean by NetApp makes it easy for organizations to cost-effectively build, deploy, and run microservice-based applications on Kubernetes without having to administer storage and data services. ​
  • A new autonomous cloud volume platform, providing a single experience to manage NetApp hybrid, multi cloud storage and data services. NetApp Cloud Manager offers full visibility and control across on premises, Azure, AWS and GCP storage and delivers an easy, native cloud experience for advanced data services: data sync, data backup, data tiering, file caching and compliance.
  • New fully managed, cloud-based NetApp Virtual Desktop Management Service (VDMS) and a new validated hybrid cloud virtual desktop infrastructure (VDI) design. These solutions help organizations scale their infrastructure resources to meet the growing needs of their remote workforce. Resources can be continuously optimized without increasing complexity and while reducing costs by up to 50%.

More information about these solutions can be found here.

About NetApp

NetApp is a global cloud-led, data-centric software company that empowers organizations to lead with data in the age of accelerated digital transformation. The company provides systems, software and cloud services that enable them to run their applications optimally from data center to cloud, whether they are developing in the cloud, moving to the cloud, or creating their own cloudlike experiences on premises. With solutions that perform across diverse environments, NetApp helps organizations build their own data fabric and securely deliver the right data, services and applications to the right people—anytime, anywhere. Learn more at www.netapp.com or follow us on Twitter, LinkedIn, Facebook, and Instagram.

NETAPP, the NETAPP logo, and the marks listed at http://www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.


© Business Wire 2020
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Financials (USD)
Sales 2021 5 603 M - -
Net income 2021 555 M - -
Net cash 2021 1 062 M - -
P/E ratio 2021 23,6x
Yield 2021 3,25%
Capitalization 13 149 M 13 149 M -
EV / Sales 2021 2,16x
EV / Sales 2022 2,08x
Nbr of Employees 10 800
Free-Float 99,7%
Chart NETAPP, INC.
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NetApp, Inc. Technical Analysis Chart | NTAP | US64110D1046 | MarketScreener
Technical analysis trends NETAPP, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 59,41 $
Last Close Price 59,23 $
Spread / Highest target 18,2%
Spread / Average Target 0,30%
Spread / Lowest Target -32,5%
EPS Revisions
Managers
NameTitle
George Kurian Chief Executive Officer & Director
César Cernuda Rego President
Thomas Michael Nevens Independent Chairman
Bill Berg Senior Vice President-Operations
Michael J. Berry Executive VP, Chief Financial & Accounting Officer
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