We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NetApp Teams With Diskover Data to Unlock Data Value
Read MoreHide Full Article
Key Takeaways
NetApp and Diskover Data joined forces to extend metadata discovery to ONTAP and StorageGRID environments.
NetApp recorded more than 1,100 AI and data preparation wins in fiscal 2026, up from roughly 400.
Diskover helps address visibility gaps as AI, media, semiconductor and scientific data drive file growth.
The explosive growth of unstructured data is creating a new challenge for enterprises: storing data is no longer enough. The challenge seems acute in media and entertainment, semiconductor design, life sciences, and other industries built around massive file estates. To address it, Diskover Data and NetApp, Inc. (NTAP - Free Report) joined forces, extending Diskover Platform's metadata discovery and governance capabilities to NetApp ONTAP and StorageGRID environments. The collaboration is likely to strengthen NetApp's value proposition in file-intensive industries while giving Diskover a powerful enterprise channel for expanding its data discovery platform.
NetApp has solidified its foothold in enterprise data infrastructure, with ONTAP and StorageGRID supporting organizations across on-premises, hybrid and cloud environments. However, as storage estates grow, customers can struggle to understand the enormous volumes of files residing across those environments. Diskover's DataDiscovery is designed to address that visibility gap. Using specialized scanners, the platform indexes metadata directly from ONTAP and StorageGRID.
For NetApp, the partnership strengthens the ecosystem around its storage infrastructure. Customers increasingly expect storage platforms to provide more than capacity and performance. By connecting Diskover's specialized discovery capabilities to ONTAP and StorageGRID, NetApp can potentially increase the strategic value of those platforms. The benefit is relevant as enterprises deal with explosive data growth driven by AI, high-resolution media, semiconductor design, scientific computing and cloud applications.
Furthermore, NetApp is positioning its unified data platform to activate enterprise data for AI without moving data. The company recorded more than 1,100 AI and data preparation wins in fiscal 2026 compared with roughly 400 in the prior year. In the first quarter of fiscal 2027, it added about 350 AI and data lake modernization deals, with management noting larger deal sizes as prior pilots moved into production. DataPelago adds in-place data processing capabilities, while AFX and the AI Data Engine target high-performance AI workloads and governed data access. Management said AI is also driving broader modernization of databases and unstructured data environments, expanding the opportunity beyond dedicated AI infrastructure.
NTAP’s Competitive Terrain
Smith Micro Computer (SMCI - Free Report) rides on expanding AI infrastructure demand, supported by rapid adoption of new GPU platforms, its modular Building Block architecture, liquid-cooling expertise and a broader DCBBS offering. Supermicro’s Open Storage Summit 2026, held in August, focused on the data infrastructure needed to deploy enterprise AI at scale. The event brought together Supermicro and ecosystem partners, including AMD, DDN, IBM, Intel, KIOXIA, MinIO, Nutanix, VAST Data and Western Digital, to discuss AI inference, agentic AI, hybrid-cloud storage, context memory and unstructured data management. The summit also highlighted Supermicro’s DCBBS architecture, which provides modular, validated AI infrastructure from servers and networking to rack and data-center-level solutions.
Hewlett Packard Enterprise (HPE - Free Report) is benefiting from a broader shift toward AI infrastructure, networking modernization and hybrid cloud, with Juniper expanding its addressable market and integration synergies supporting earnings growth. In September, HPE expanded its collaboration with Oracle to deploy HPE Juniper Networking across Oracle’s global AI data centers, supporting the company’s gigawatt-scale AI infrastructure expansion with networking services and financing capabilities. In June, it announced multiple AI infrastructure innovations, including a sovereign private AI cloud deployment for Siemens Energy, expanded self-driving networking capabilities and new AI Factory and Private Cloud AI solutions to help enterprises securely deploy and manage agentic AI workloads.
View the Zacks #1 Rank List
Image: Bigstock
NetApp Teams With Diskover Data to Unlock Data Value
Key Takeaways
The explosive growth of unstructured data is creating a new challenge for enterprises: storing data is no longer enough. The challenge seems acute in media and entertainment, semiconductor design, life sciences, and other industries built around massive file estates. To address it, Diskover Data and NetApp, Inc. (NTAP - Free Report) joined forces, extending Diskover Platform's metadata discovery and governance capabilities to NetApp ONTAP and StorageGRID environments. The collaboration is likely to strengthen NetApp's value proposition in file-intensive industries while giving Diskover a powerful enterprise channel for expanding its data discovery platform.
NetApp has solidified its foothold in enterprise data infrastructure, with ONTAP and StorageGRID supporting organizations across on-premises, hybrid and cloud environments. However, as storage estates grow, customers can struggle to understand the enormous volumes of files residing across those environments. Diskover's DataDiscovery is designed to address that visibility gap. Using specialized scanners, the platform indexes metadata directly from ONTAP and StorageGRID.
For NetApp, the partnership strengthens the ecosystem around its storage infrastructure. Customers increasingly expect storage platforms to provide more than capacity and performance. By connecting Diskover's specialized discovery capabilities to ONTAP and StorageGRID, NetApp can potentially increase the strategic value of those platforms. The benefit is relevant as enterprises deal with explosive data growth driven by AI, high-resolution media, semiconductor design, scientific computing and cloud applications.
Furthermore, NetApp is positioning its unified data platform to activate enterprise data for AI without moving data. The company recorded more than 1,100 AI and data preparation wins in fiscal 2026 compared with roughly 400 in the prior year. In the first quarter of fiscal 2027, it added about 350 AI and data lake modernization deals, with management noting larger deal sizes as prior pilots moved into production. DataPelago adds in-place data processing capabilities, while AFX and the AI Data Engine target high-performance AI workloads and governed data access. Management said AI is also driving broader modernization of databases and unstructured data environments, expanding the opportunity beyond dedicated AI infrastructure.
NTAP’s Competitive Terrain
Smith Micro Computer (SMCI - Free Report) rides on expanding AI infrastructure demand, supported by rapid adoption of new GPU platforms, its modular Building Block architecture, liquid-cooling expertise and a broader DCBBS offering. Supermicro’s Open Storage Summit 2026, held in August, focused on the data infrastructure needed to deploy enterprise AI at scale. The event brought together Supermicro and ecosystem partners, including AMD, DDN, IBM, Intel, KIOXIA, MinIO, Nutanix, VAST Data and Western Digital, to discuss AI inference, agentic AI, hybrid-cloud storage, context memory and unstructured data management. The summit also highlighted Supermicro’s DCBBS architecture, which provides modular, validated AI infrastructure from servers and networking to rack and data-center-level solutions.
Hewlett Packard Enterprise (HPE - Free Report) is benefiting from a broader shift toward AI infrastructure, networking modernization and hybrid cloud, with Juniper expanding its addressable market and integration synergies supporting earnings growth. In September, HPE expanded its collaboration with Oracle to deploy HPE Juniper Networking across Oracle’s global AI data centers, supporting the company’s gigawatt-scale AI infrastructure expansion with networking services and financing capabilities. In June, it announced multiple AI infrastructure innovations, including a sovereign private AI cloud deployment for Siemens Energy, expanded self-driving networking capabilities and new AI Factory and Private Cloud AI solutions to help enterprises securely deploy and manage agentic AI workloads.
NTAP Price Performance, Valuation & Estimates
NetApp shares have gained 89.7% in the past year compared with the Computer-Storage Devices industry’s growth of 281.6%.
Image Source: Zacks Investment Research
Regarding the price/book ratio, NTAP is trading at 29.40, higher than the industry’s multiple of 15.95.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NTAP’s earnings for fiscal 2027 has been revised upward over the past 60 days.
Image Source: Zacks Investment Research
NTAP currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.