NetApp Will Continue to Grow Its Storage Market Share

Sun, 05/16/2010 - 07:10 EDT - Seeking Alpha

Trefis submits:
NetApp (NASDAQ:NTAP), which competes with EMC (NYSE:EMC), has reported market share gains in its storage market, driven by strong sales for low-end as well as high-end storage hardware. These gains have mainly come at the expense of players like HP (NYSE:HPQ), Dell (NASDAQ:DELL), Hitachi (HIT), and IBM (NYSE:IBM). NetApp makes money by selling storage hardware and software primarily to small and medium sized businesses. We estimate storage hardware constitutes close to 23% of the $30 Trefis price estimate for NetApp’s stock. We expect that NetApp will continue to gain market share in the storage hardware market as a result of demand from medium-sized business and cloud storage providers. Complete Story »

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NetApp Will Continue to Grow Its Storage Market Share

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