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    NTAP   US64110D1046

NETAPP, INC.

(NTAP)
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NetApp : Quicken your innovation with NetApp and Google Cloud

10/12/2021 EST

When you combine NetApp's storage expertise with the planet-scale infrastructure of Google Cloud, good things happen. Improved efficiency. Greater flexibility. The confidence that comes with enterprise-grade performance and security.

Since 2018, NetApp and Google Cloud have collaborated on integrated solutions that address the enterprise need for cloud storage. Together, we launched NetApp® Cloud Volumes Service for Google Cloud in 2019, delivering the first software-defined version of the service 1 year later. Also in 2020, NetApp Astra™ launched on Google Cloud as the first Kubernetes data management solution delivered as a service and launched NetApp ONTAP® as a service with support for backup, tiering, and migration.

Working together, NetApp and Google Cloud have built a powerful toolkit to help you solve stubborn challenges. Our integrated solutions make it simple to migrate complex workloads without redesigning your code, your processes, or your teams. These solutions provide you with greater control of your data across hybrid and multicloud environments and extend the value of your existing on-premises and public cloud investments.

"Our partnership with NetApp continues to grow as we expand on our goal to help customers accelerate their cloud migration journeys," said Bronwyn Hastings, VP Global Technology Partnerships at Google Cloud. "Together, we're excited to roll out new capabilities that will make it easier and more cost-effective to deliver enterprise workloads on Google Cloud, and bring customers even more flexibility across hybrid and cloud deployments."

The Remote Company, a network of remote-first tech companies including MailerLite, is a terrific example. "When we talked to Google about infrastructure hosting, they mentioned their partnership with NetApp and recommended NetApp Cloud Volumes Service and XCP data mover. We did, and the worst part, the 100 million file transfer, turned out to be the easiest," said Nikola Milojević, CTO, The Remote Company. "On the migration day, it took maybe one hour-and we had all our files safe on Google Cloud. NetApp XCP is amazing. No other data mover tool in the market can achieve that. And we tried a bunch of them."

NetApp and Google Cloud have introduced many major enhancements in the past 12 months, including new integrated data management capabilities. The number of Google Cloud regions that support NetApp Cloud Volumes ONTAP has nearly tripled. Now, you can run file-based apps nearly anywhere in the world with the simplicity of a fully managed native cloud service.

Disclaimer

NetApp Inc. published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 11:11:03 UTC.


ę Publicnow 2021
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Analyst Recommendations on NETAPP, INC.
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Financials (USD)
Sales 2022 6 301 M - -
Net income 2022 902 M - -
Net cash 2022 2 273 M - -
P/E ratio 2022 22,9x
Yield 2022 2,22%
Capitalization 20 016 M 20 016 M -
EV / Sales 2022 2,82x
EV / Sales 2023 2,59x
Nbr of Employees 11 000
Free-Float 99,0%
Chart NETAPP, INC.
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NetApp, Inc. Technical Analysis Chart | NTAP | US64110D1046 | MarketScreener
Technical analysis trends NETAPP, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 90,05 $
Average target price 98,10 $
Spread / Average Target 8,93%
EPS Revisions
Managers and Directors
George Kurian Chief Executive Officer & Director
CÚsar Cernuda Rego President
Michael J. Berry Chief Financial Officer & Executive Vice President
Thomas Michael Nevens Independent Chairman
William H. Miller Chief Information Officer & SVP
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