Last $40.72 USD
Change Today +0.42 / 1.04%
Volume 2.0M
NTAP On Other Exchanges
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As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

netapp inc (NTAP) Snapshot

Open
$40.46
Previous Close
$40.30
Day High
$40.74
Day Low
$39.92
52 Week High
01/23/14 - $45.96
52 Week Low
05/7/14 - $33.34
Market Cap
13.0B
Average Volume 10 Days
3.2M
EPS TTM
$2.00
Shares Outstanding
319.3M
EX-Date
10/8/14
P/E TM
20.3x
Dividend
$0.66
Dividend Yield
1.55%
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

Virtustream Announces Partnership with Infosys, NetApp and Cisco to Deliver Assured Testing-as-a-Service for Applications Built on SAP HANA(R) Platform

Virtustream announced a joint partnership with Infosys and NetApp to deliver assured Testing-as-a-Service (TaaS) for applications built on the SAP HANA(R) platform. The new service, called TaaS Powered by xStream for SAP(R) applications, will provide turnkey-testing on-site at a customer's data center, in the Virtustream cloud, and via other enterprise cloud service providers that are powered by xStream, including those supporting the SAP HANA Enterprise Cloud service. The TaaS service also features Cisco networking technology and Cisco UCS servers based on Intel E7 V2 processors. The TaaS Powered by xStream offering will enable QA teams to significantly reduce both the time required to take a solution to market and the resources required to test SAP applications for issues or implement new functionality, modules and enhancement packs via a pay-as-you-go model, as opposed to a subscription service. As part of this partnership, Virtustream, Infosys, NetApp and Cisco will lend their respective expertise and solutions to the TaaS Powered by xStream offering for SAP applications, including those running on SAP HANA. The Infosys ERP Package Testing and Validation Practice delivers a comprehensive suite of testing services, led by testing professionals that specialize in ERP and SAP applications, tools and accelerators. In the cloud, Virtustream's xStream platform provides an on-demand, cloud-based delivery model for TaaS for SAP applications, including guaranteed service levels, high-availability and disaster-recovery functionality required for mission-critical enterprise applications. On-site, Virtustream's xStream provides the cloud orchestration for compute and storage across FlexPod(R) architecture -- offered jointly by NetApp and Cisco. In addition, Cisco and NetApp provide the FlexPods(R) with FlexClone(R), enabling parallel work streams, as well as increased speed for building and refreshing SAP solution-based landscapes and automation of highly repetitive tasks common in testing services. Intel's cloud reference architecture and its Xeon(R) processors underpin both the cloud-based and on-premises options for TaaS Powered by xStream for SAP applications to enable rapid deployment in the cloud.

NetApp Releases NetApp(R) StorageGRID(R) Webscale Object-Storage Software

NetApp released NetApp(R) StorageGRID(R) Webscale object-storage software that helps organizations leverage the hybrid cloud to manage massive data-sets with reduced cost and secure data management. The new release of StorageGRID Webscale adds seamless integration of cloud applications with Amazon S3 support. It also enables IT organizations to store up to 100 billion objects in a single elastic container that can be distributed in data centers worldwide. Object storage addresses the challenges associated with the storing of unstructured data within cloud storage, large archives, media repositories, and web data-stores. StorageGRID Webscale is a foundational platform in NetApp's approach to object storage. The software addresses a range of use cases, managing data placement according to cost, compliance, availability, and performance requirements. NetApp will continue to introduce new solutions to help organizations take full advantage of object storage with releases planned in 2015 and looking forward. StorageGRID Webscale is built for the next generation of cloud-enabled applications. It supports cloud protocols such as Amazon S3 and CDMI, enabling applications to run on the premises or in hosted environments. NetApp StorageGRID Webscale runs on a virtualized server infrastructure with either NetApp E-Series data storage systems or third-party storage arrays providing the storage foundation. The software's patented capabilities include an intelligent policy engine which determines the durability and physical placement of data to comply with business requirements. Customizable data management policies help set data protection and storage tiering to easily adjust to changing cost models. StorageGRID Webscale is now generally available through NetApp's worldwide network of distributors and resellers. Later this year, NetApp will begin an early adopter program for the next release of StorageGRID Webscale object-storage software. Customers in this program will have access to advanced features, including geo-distributed erasure coding for efficient global data protection, and cloud tiering for on-premises and off-premises repositories. General availability for this next generation of StorageGRID Webscale software is planned for 2015.

NetApp Announces First Shipments of FlashRay Systems

NetApp announced its first shipments of FlashRay(TM), the company's purpose-built all-flash storage array with the new NetApp(R) Mars(TM) operating system. FlashRay is designed from the ground up to improve the performance, efficiency, and manageability of all-flash storage architectures used in enterprise application environments. The new system combines the benefits of all-flash storage technology with patented and patent-pending NetApp technology to provide breakthrough performance, storage efficiency, data protection, and data management. NetApp's 'no-compromise' approach to flash storage helps customers achieve maximum enterprise application performance at a lower cost. Like NetApp Data ONTAP, FlashRay is designed from the ground up and helps customers to remove compromise from consideration when assessing flash alternatives. This new platform will revolutionize storage by delivering maximum performance and simplified data management with low-cost media and the industry's most efficient storage approach. NetApp's enterprise-class flash technology and solutions address every flash-accelerated workload requirement. The portfolio includes the company's E-Series and FAS hybrid flash arrays and its EF-Series and all-flash FAS all-flash arrays. Complementing these platforms are FlexPod Datacenter with all-flash FAS arrays and NetApp's support and professional services to help organizations decide how to best realize the full benefits of flash in their current and future environments from the data center to the cloud. This initial release of FlashRay flash storage array is available to select customers and partners.

 

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NTAP

Industry Average

Valuation NTAP Industry Range
Price/Earnings 21.5x
Price/Sales 2.1x
Price/Book 3.5x
Price/Cash Flow 20.2x
TEV/Sales 0.9x
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