Articles for NetApp

NetApp Set to Increase Prices as HDD Supply Shortage Continues

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Friday, January 13th, 2012 by Trefis Team

NetApp (NASDAQ:NTAP) is set to raise prices for hard disk drives (HDDs) in its storage arrays between 5% and 15% beginning February 6, 2012, due to the supply shortage caused by the floods in Thailand late last year. NetApp’s announcement comes after EMC‘s (NYSE:EMC) announcement of a price hike late 2011. Also HP (NYSE:HPQ), the global leader in disk storage systems market, is expected to raise its HDD prices by up to 20%, with the large capacity SAS and SATA drives being among the most affected.

We currently have a $46.73 Trefis price estimate for NetApp.

NetApp Targets Indian Mid-Market Growth as Storage Demand Takes Off

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Monday, January 9th, 2012 by Trefis Team

After being named the leader in the mid-range and high-end modular disk arrays last month by research firm Gartner, NetApp (NASDAQ:NTAP) is now focusing on mid-market businesses in India and has plans to increase its revenue from the segment from 21 percent in 2011 to 30 percent in 2012. The company has strengthened its low-priced storage product and solutions portfolio for midsize businesses and aims to add about 250 mid-market customers in the next 12 months in India. NetApp is currently the world’s third largest player in the external disk storage systems market behind EMC (NYSE:EMC) and IBM (NYSE:IBM).

We currently have a $46.73 Trefis price estimate for NetApp, about 30% above the market price.

Storage Software’s Boom: EMC Holds Market Share While NetApp, Others Slip

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Tuesday, December 13th, 2011 by Trefis Team

According to a recent release by research firm IDC, storage software revenues reached $3.5 billion in the third quarter of 2011, up 9.7% over the same period last year. EMC (NYSE:EMC) maintained its lead with a 24.5% market share for the quarter, almost flat vs. last year, followed by Symantec (NASDAQ:SYMC), IBM (NYSE:IBM) and NetApp (NASDAQ:NTAP) with 15.3%, 14% and 8.8% shares respectively.

NetApp’s Slump Could Reverse to $46 on Disk Storage Business, Acquisitions

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Thursday, December 8th, 2011 by Trefis Team

According to data released by research firm IDC, the worldwide disk storage systems revenue increased 8.5% year over year to $7.6 billion in the third quarter of 2011. NetApp (NASDAQ:NTAP), the third largest player in the external disk storage systems market, saw its share increase to 12% in the quarter, up from 11.5% in third quarter last year. However, its share declined sequentially from 12.8% in the last quarter. On the other hand, NetApp’s rival and market leader EMC (NYSE:EMC) witnessed a 2.7% jump in its market share on a year on year basis but was flat sequentially.

We currently have a $46.73 Trefis price estimate for NetApp, about 25% above market price.

At mid $30s, NetApp Looks Oversold

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Wednesday, December 7th, 2011 by Trefis Team

NetApp (NASDAQ:NTAP) reported Q2’12 earnings last month led to a subsequent 15% slump. NetApp had a rough quarter with gross margin down 1.3 percent points sequentially and down 3.9 percent point from the same period last year. While revenue for the quarter was up 20% year over year, it grew only 3% sequentially. NetApp’s poor earnings also highlighted concerns for competitors like EMC (NYSE:EMC), HP (NYSE:HPQ) and IBM (NYSE:IBM).

Adjusting for the lower than expected revenue and margin for the year, we now have an updated $46.73 Trefis price estimate for NetApp which is about 35% above the market estimate.

NetApp Updates: New Media Content Management Solution Targets High-Def Video Demand

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Thursday, November 17th, 2011 by Trefis Team

NetApp (NASDAQ:NTAP), a leading provider of data storage and management solutions, recently announced a new Media Content Management (MCM) solution that provides infrastructure for video professionals and content developers which offer high performance and always-available data access to maximize their collaborative efforts and improve workflow processes. NetApp currently competes with players like EMC (NYSE:EMC), HP (NYSE:HPQ) and IBM (NYSE:IBM), among others, in the rapidly growing data storage sector that is seeing tectonic shifts with the arrival of ‘Big Data’. (See Big Data: A $70 Billion Industry Growing at a Double Digit Rate)

We currently have a $51.84 Trefis price estimate for NetApp, about 20% above the market estimate.

See our full analysis of NetApp

NetApp Q2 Preview: What We’re Watching on Wednesday

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Monday, November 14th, 2011 by Trefis Team

NetApp (NASDAQ:NTAP) is set to report its second quarter earnings of fiscal 2012 on Wednesday. Here we highlight a few key trends to watch for in the upcoming earnings release. NetApp offers solutions for storing, managing, protecting and archiving business data and competes with firms like EMC (NYSE:EMC), IBM (NYSE:IBM), and Hewlett-Packard (NYSE:HPQ), among others in the fast growing and rapidly changing data storage market. (See Big Data is for Real: EMC Sees a $70 Billion Industry Growing at Double Digits)

Our Trefis price estimate for NetApp stands at $52, which is about 20% above the market price.

See our full analysis on NetApp

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Big Data is for Real: EMC Sees a $70 Billion Industry Growing at Double Digits

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Wednesday, November 9th, 2011 by Trefis Team

According to EMC (NYSE:EMC) President Pat Gelsinger, Big Data is a $70 billion industry and growing at a rapid rate of 15% to 20% a year. In our view, this helps put to rest the notion that ‘Big Data’ is just a fanciful marketing term. As IDC puts it, “Big Data developments will be perhaps the most critical new marketplace for storage solutions providers in the coming decade. Providing a strong portfolio of complete Big Data solutions – hardware, software, and implementation services – will be a high priority to succeed.”

These are indeed exciting times for storage players like EMC, NetApp (NASDAQ:NTAP), HP (NYSE:HPQ), IBM (NYSE:IBM), and Dell (NASDAQ:DELL) among others that now face the challenge of securing their position in an industry undergoing rapid changes. We see outsized returns for the companies well positioned for this trend like EMC.

NetApp Notes: New Entry Level Products and Partnership with Cloudera

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Tuesday, November 8th, 2011 by Trefis Team

NetApp (NASDAQ:NTAP), a leading provider of data storage solutions, has always had a strong presence among the mid size business clients and today the company announced new entry level products and solutions for them.

EMC Extends its Leadership in Disk Storage Systems Market

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Friday, September 16th, 2011 by Trefis Team

EMC (NYSE:EMC) gained significant market share in the worldwide external disk storage systems market in second quarter of 2011, further extending its lead over competitors IBM (NYSE:IBM) and NetApp (NASDAQ:NTAP) that account for near 14% and 13% market share respectively, according to a recent press release by International Data Corporation (IDC) Worldwide Quarterly Disk Storage Systems Tracker.

We currently have a $37.60 Trefis price estimate for EMC which is significantly above the market price.