NEW YORK (Trefis) -- NetApp (NTAP) creates innovative storage and data management solutions for small and medium-sized companies around the world. It competes mainly with EMC (EMC), IBM (IBM), HP (HPQ) and Dell (DELL) in the external disk storage systems market.NetApp's storage hardware helps customers manage data more efficiently and keep the information available and secure. NetApp's storage software enables customers to use all features and functions related to data storage. Features enabled by NetApp's software include back-up and recovery, replication and retention. Below we review the potential impact of upcoming IT trends on our $64.48 Trefis price estimate for NetApp's stock, about 12% above the market price.
NetApp realizes this potential (as it once did for virtualization -- long before its competitors) and appears willing to spend resources on this vision.
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