Netapp Inc - NTAP STOCK NEWS

NetApp (NASDAQ: NTAP) announced an expanded collaboration with Red Hat to enhance enterprise application development and management in virtual environments. The partnership combines NetApp's intelligent data infrastructure with Red Hat OpenShift to offer improved flexibility in managing virtualized environments across on-premises and hybrid multicloud setups.

Key announcements include: new Trident capabilities with integrated protection and disaster recovery at no extra cost; new Cisco FlexPod validated designs for Red Hat OpenShift Virtualization and AI deployments; and Red Hat OpenShift Dedicated integration with Google Cloud NetApp Volumes, providing enhanced storage options for containerized workloads.

NetApp (NASDAQ: NTAP) has scheduled its second quarter fiscal year 2025 financial results announcement for Thursday, November 21, 2024, after market close. The company will host a conference call and webcast at 2:30 p.m. Pacific Time where executive management will discuss the results and market dynamics. The webcast will be accessible at investors.netapp.com, with a replay available after 4:30 p.m. Pacific Time. The company has also announced future earnings release target dates extending through Q2 FY 2026.

NetApp has expanded its strategic partnership with Google Cloud by integrating unified data storage and intelligent services into the Google Distributed Cloud architecture. This collaboration aims to provide AI-ready infrastructure for organizations in the public sector and regulated industries, enabling them to innovate while maintaining high security standards and regulatory compliance.

The integration addresses challenges posed by emerging regulations such as data sovereignty and consumer privacy laws. NetApp's ONTAP and StorageGRID solutions enhance Google Distributed Cloud environments, offering better control over data, efficient workload scaling, and AI leverage while ensuring security and compliance.

This partnership allows customers to reduce reliance on disparate solutions across cloud, data center, and edge environments, simplifying complexity and increasing agility in deploying and managing distributed cloud solutions.

F5 (NASDAQ: FFIV) and NetApp (NASDAQ: NTAP) have expanded their collaboration to accelerate enterprise AI capabilities using F5's secure multicloud networking solutions and NetApp's data management solutions. The partnership focuses on streamlining large language model (LLM) deployments across hybrid cloud environments, particularly for Retrieval Augmented Generation (RAG) implementations.

The collaboration integrates F5 Distributed Cloud Services with NetApp's suite, including Cloud Volumes ONTAP, to provide efficient and secure RAG solutions. This integration aims to enhance AI system performance, security, and utility while reducing the complexity of managing hybrid and multicloud infrastructure. The joint solution enables unified operational models for data management, security, and networking, contributing to cost reduction and supporting innovative AI projects.

F5 is sponsoring NetApp INSIGHT 2024 as a Gold Sponsor, where they will showcase their innovative solution for generative AI during a breakout session on September 24.

NetApp has unveiled an advanced generative AI data vision and end-to-end integrated solutions, combining NVIDIA AI software and accelerated computing with NetApp intelligent data infrastructure for enterprise retrieval augmented generation (RAG). This integration aims to power agentic AI applications and bring new capabilities to NetApp's ONTAP unified storage operating system.

The solution leverages NetApp's global metadata namespace to unify data stores across clouds and on-premises infrastructure, enabling enterprises to utilize their entire data estate for RAG capabilities. It combines NetApp AIPod architecture, ONTAP, and BlueXP control plane with NVIDIA NeMo Retriever and NIM microservices from the NVIDIA AI Enterprise software platform.

This integration will allow NetApp customers to easily discover, search, and curate data while maintaining policy-based governance. The processed and vectorized dataset can then be used for enterprise GenAI deployments with appropriate access controls and privacy guardrails.

NetApp has unveiled its new all-flash NetApp ASA A-Series storage systems, optimized for block storage and designed to modernize enterprise storage. These systems offer three key benefits:

1. Simplicity: Easy deployment, management, and upgrades with AIOps and VMware integration.
2. Power: High performance for VMware and database apps, with advanced features like scale-out clustering and ransomware protection.
3. Affordability: 25-50% lower upfront price and better ROI over time.

NetApp has also enhanced its Data Infrastructure Insights service and introduced updates to its portfolio, including new FAS systems, Cloud Volumes ONTAP updates, enhancements to native cloud services, and new features for BlueXP. The ASA A-Series will begin shipping by the end of October 2024.

NetApp (NASDAQ: NTAP) has announced enhancements to its cyber resiliency offerings, strengthening its position as the most secure storage provider. Key updates include:

1. General availability of NetApp ONTAP Autonomous Ransomware Protection with AI (ARP/AI), offering 99% accuracy in detecting ransomware threats.

2. Updates to the BlueXP ransomware protection service, including integration with Splunk SIEM and AI-driven data classification capabilities.

3. New User and Entity Behavior Analytics (UEBA) integrations to identify malicious activity based on user behavior.

These advancements aim to provide proactive data security, optimized protection, and faster recovery from attacks. SE Labs has awarded ARP/AI a AAA rating for its strong ability to detect ransomware with 99% accuracy and no false positives.

NetApp (NASDAQ: NTAP) announced new developments in its collaboration with industry leaders to accelerate AI innovation. The company is unveiling innovations in intelligent data infrastructure, including:

• NVIDIA DGX SuperPOD Storage Certification for NetApp ONTAP
• Creation of a global metadata namespace for data management across hybrid multi-cloud environments
• Directly integrated AI data pipeline for unstructured data preparation
• Disaggregated storage architecture for high-scale AI workloads
• New capabilities for native cloud services to drive AI innovation in the cloud

NetApp also announced partnerships with Domino Data Labs and Lenovo, as well as new features for its FlexPod AI solution. These developments aim to help organizations leverage the full potential of GenAI and overcome barriers to implementation.

NetApp (NASDAQ: NTAP) has announced the expansion of its decade-long relationship with Amazon Web Services (AWS) through a new Strategic Collaboration Agreement (SCA). This agreement aims to accelerate generative AI efforts, simplify transactions, and deliver CloudOps value to joint customers. Key highlights include:

1. Accelerating Generative AI: NetApp released BlueXP workload factory to connect ONTAP with foundation models through Amazon Bedrock.

2. Simplifying Transactions: Increased AWS Marketplace purchases, especially for NetApp CloudOps solutions.

3. Delivering CloudOps Value: Positioning NetApp as a trusted provider of CloudOps solutions for AWS environments.

The collaboration builds on NetApp's existing achievements, including over a dozen AWS competencies and the unique Amazon FSx for NetApp ONTAP service.