NetApp Was Cloud Before Cloud Was Cool

NetApp creates innovative storage and data management solutions for small and medium-sized companies around the world. It competes mainly with EMC, IBM, Hewlett-Packard and Dell in the external disk storage systems market.

Cloud Computing, also known as IT as a Service (ITaaS), is increasingly being adopted as a way for IT organizations to decrease costs, improve efficiency, and enhance business agility. We believe that NetApp is very well positioned to benefit from this surge in demand of Cloud Computing. We currently have a Trefis price estimate of $64 for NetApp’s stock, about 22% above its current market price.

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