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      An Uptick In NetApp (NTAP) Stock During Extended Session

      By Fahim Awan

      Published on

      November 29, 2023

      7:45 AM UTC

      An Uptick In NetApp (NTAP) Stock During Extended Session

      NetApp, Inc. (NASDAQ: NTAP) witnessed a substantial uptick in its stock value during the after-market trading session on Tuesday. Demonstrating a noteworthy surge of 11.89%, NetApp’s stock reached $87.40 in the extended session, following a relatively flat closure at $78.11 in the regular session. This surge in NTAP stock was precipitated by the company’s revelation of a performance overview highlighting a newly enhanced feature.

      At the re:Invent event, NetApp (NTAP) unveiled the scale-out FSx for ONTAP file systems, a result of its collaboration with AWS. These scale-out file systems boast a remarkable ninefold increase in storage performance compared to existing systems, empowering customers to execute high-performance applications on AWS with heightened speed and efficiency.

      FSx for ONTAP affords customers the capability to leverage ONTAP’s data management features across a diverse array of workloads, encompassing user and application file shares, relational databases (such as SAP HANA), data stores for VMware cloud on AWS, and backup and disaster recovery.

      With the latest enhancements, FSx for ONTAP now caters to an expanded spectrum of high-performance use cases, including but not limited to electronic design automation (EDA), high-performance computing (HPC), life sciences, visual effects (VFX) and film editing, seismic analysis, generative AI, and machine learning.

      A singular Amazon FSx for NetApp ONTAP scaled-out file system boasts an impressive throughput of up to 36GB per second and 1.2 million SSD input/output operations per second (IOPS). This represents a substantial ninefold boost in performance compared to the current limits of 4GB per second throughput and 160,000 SSD IOPS.

      The integration of up to six pairs of file servers, each offering 6GB per second throughput and 200,000 SSD IOPS at sub-millisecond file operation latencies, collectively functions as a unified storage cluster. The higher aggregate performance, coupled with a one-petabyte scale namespace, simplifies the management of extensive datasets within a singular storage system.

      Customers can seamlessly migrate, extend, or deploy new high-performance workloads on AWS, benefiting from ONTAP’s data management features alongside AWS’s attributes of agility, scalability, and security. These latest capabilities unlock fresh opportunities for NetApp and AWS partners to assist customers in fully leveraging Amazon FSx for NetApp ONTAP.

      This facilitates the expeditious migration of workloads to AWS or the deployment of novel compute and data-intensive applications within AWS, ultimately enhancing business efficiency and agility.

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