Last $38.54 USD
Change Today -0.30 / -0.77%
Volume 3.3M
NTAP On Other Exchanges
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As of 8:10 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

netapp inc (NTAP) Snapshot

Open
$38.76
Previous Close
$38.84
Day High
$38.80
Day Low
$38.18
52 Week High
01/23/14 - $45.96
52 Week Low
05/7/14 - $33.34
Market Cap
12.5B
Average Volume 10 Days
3.3M
EPS TTM
$2.00
Shares Outstanding
325.4M
EX-Date
07/8/14
P/E TM
19.3x
Dividend
$0.66
Dividend Yield
1.60%
Current Stock Chart for NETAPP INC (NTAP)

netapp inc (NTAP) Details

NetApp, Inc. is engaged in design, manufacture, and marketing of networked storage solutions. The company provides storage and data management software, systems, and services. It offers Data ONTAP storage operating system that delivers integrated data protection, comprehensive data management, and built-in efficiency software for virtualized, shared infrastructures, cloud computing, and mixed workload business applications; storage efficiency technologies; FlexArray storage virtualization software, which unifies and simplifies IT operations by virtualizing arrays; data protection software products; and data retention and archive products. The company also provides storage management and application integration software to control, automate, and analyze shared storage infrastructures; StorageGRID, an object storage software to manage petabyte-scale object-oriented repositories of images, video, and records for enterprises and service providers; and storage encryption solutions provide access to encryption of data at rest through the use of self-encrypting drives. In addition, it offers and E-Series systems for data storage. Further, the company provides hardware maintenance, and software entitlement and maintenance; professional services; technical support solutions; and customer education and training to help customers in managing their data. It sells its products to energy, financial services, government, high technology, Internet, life sciences and healthcare services, manufacturing, media, entertainment, animation and video postproduction, and telecommunications sectors through a direct sales force and channel partners, including value-added resellers, system integrators, original equipment manufacturers, and distributors. The company operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1992 and is headquartered in Sunnyvale, California.

12,490 Employees
Last Reported Date: 06/17/14
Founded in 1992

netapp inc (NTAP) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $942.5K
President and Head of Go-To-Market Operations
Total Annual Compensation: $613.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $504.3K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $430.0K
Executive Vice President of Product Operation...
Total Annual Compensation: $428.0K
Compensation as of Fiscal Year 2014.

netapp inc (NTAP) Key Developments

Equinix, Inc. and NetApp Expands Their Cloud Partnership

Equinix, Inc. and NetApp announced that they are expanding their cloud partnership. The two companies now provide an expanded offering of private storage solutions for the public cloud including NetApp Private Storage for Microsoft Azure, through the Equinix Cloud Exchange, which makes connecting to the cloud simple and convenient. As part the announcement, Equinix and NetApp delivered test results revealing that data throughput between NetApp Private Storage customers and Microsoft Azure rose by an average of 36% when the two services were connected via the Equinix Cloud Exchange instead of via public networks. These tests illustrate significant performance gains companies can achieve when accessing multiple cloud and IT services inside Equinix International Business Exchange (IBX(R)) data centers. Additional results from NetApp's testing of the Equinix Cloud Exchange can be found in the Equinix blog: NetApp, Microsoft and Equinix Deliver Secure, Scalable Hybrid Cloud with Private Storage. By deploying NetApp Private Storage in Equinix data centers with Equinix Cloud Exchange, enterprises place data next to AWS and Microsoft Azure to combine the elasticity and cost benefits of public cloud compute with performance availability and control of private NetApp storage and data management. Key facts: The Equinix Cloud Exchange can dynamically connect NetApp Private Storage customers to multiple public clouds. This automated provisioning, combined with advanced service orchestration, greatly simplifies the process of interconnecting enterprise storage resources to cloud services, slashing connection times from days or even weeks to minutes. The 36% gain in storage throughput was determined by comparing the performance NetApp users experienced via ExpressRoute and Equinix Cloud Exchange to the throughput speed of sending data via VPN over the public Internet. The positive results from NetApp's testing suggest that customers can more confidently explore multi-cloud deployments to handle large, complex workflows more efficiently. Tests were performed in labs within Equinix data centers in Washington, D.C. and Silicon Valley that physically house NetApp private storage arrays, as well as Microsoft ExpressRoute access points, thereby minimizing latency in the tests' outcome. Equinix was the first data center company to offer Microsoft Azure ExpressRoute, which provides direct, private connections to Microsoft Azure cloud services. Businesses can access cloud services through the Equinix Cloud Exchange in 16 markets globally-Amsterdam, Atlanta, Chicago, Dallas, Frankfurt, Hong Kong, London, Los Angeles, New York, Seattle, Silicon Valley, Singapore, Sydney, Tokyo, Toronto and Washington D.C. with expansion planned to a total of 19 markets by the end of 2014.

NetApp Introduces NetApp Private Storage for Microsoft Azure

NetApp introduced NetApp Private Storage (NPS) for Microsoft Azure, a solution that enables customers to extend their IT Infrastructure to Microsoft Azure, creating a seamless hybrid cloud environment. This solution builds on NetApp's portfolio of Microsoft Cloud solutions, which include FlexPod with Microsoft Private Cloud, and enables customers to harness the power of Microsoft Azure. The combination of NetApp Private Storage and Microsoft Azure provides customers dedicated, enterprise storage with the elasticity and savings of Microsoft Azure public cloud. Azure ExpressRoute, connects these resources to provide a secure, high-speed, low-latency connection. With more organizations turning to hybrid cloud to extend the value of their IT infrastructure, NetApp Private Storage for Microsoft Azure allows enterprises to build an agile infrastructure that bridges private and cloud resources to optimize business value. With NetApp Private Storage located at a co-location facility, customers can connect directly to Microsoft Azure. Equinix is the first co-location facility to offer direct, high-speed connections to Microsoft Azure with ExpressRoute. NetApp Private Storage for Microsoft Azure has demonstrated that ExpressRoute provides 36% better performance versus VPN over public Internet connections. Key Benefits of NetApp Private Storage for Microsoft Azure: Microsoft Azure and NetApp for enterprise workloads: combines the elasticity and savings of Microsoft Azure compute with the speed, reliability and availability of NetApp storage for enterprise workloads such as Microsoft SQL Server, Oracle and SAP; Peak workload management: match Azure compute resources to utilization and avoid large CAPEX investments required for peak, unforecasted, or seasonal workloads while maintaining data control on NetApp; Disaster recovery at a lower cost: cost-effective single or multi-region disaster recovery, activating Azure only in DR test and failover scenarios; Data 'next to' vs 'into' the cloud: Data stays under control of the customer while offering performance similar to on-premise infrastructure stacks but with savings and elasticity of Azure; Compliance and sovereignty regulations: customer control of storage helps meets customer requirements. Advanced compliance features include: SnapLock data permanence functionality and NetApp disk encryption; Hybrid cloud accelerates innovation and time-to-market: leverage the speed and flexibility of Azure compute for development and test; and optimize cloud resources with System Center: System Center and NetApp PowerShell Toolkit enables management and mobility of data between private cloud, and private storage connected to Azure.

NetApp, Inc. Appoints Randall Runk as Executive Vice President of Field Operations

NetApp, Inc. announced the appointment of Randall Runk as executive vice president of Field Operations. Most recently, Runk served as a senior vice president at Infor Global Solutions, responsible for the sales and operations teams for the company's Global Enterprise Account group. Runk succeeds Rob Salmon in the role of EVP of Field Operations following Salmon's promotion in April 2014 to president and head of Go-to-Market (GTM) Operations. Based at NetApp's U.S. headquarters, in Sunnyvale, California, Runk will be responsible for the continued focus of the company's resources on the markets and customer segments. He will partner to bring solutions to market while solving customer challenges and enabling customer success. Runk will oversee and manage NetApp's geo teams, including leaders in APAC, Americas/USPS, and EMEA. Global Tech Teams, Channel and Alliance Partners, Sales Operations, and Emerging Products organizations will also operate under Runk's leadership.

 

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Industry Analysis

NTAP

Industry Average

Valuation NTAP Industry Range
Price/Earnings 21.2x
Price/Sales 2.0x
Price/Book 3.3x
Price/Cash Flow 19.8x
TEV/Sales 1.0x
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