NetApp, Inc. (NASDAQ:NTAP) expands Microsoft hybrid cloud collaboration


NetApp, Inc. (NASDAQ:NTAP) expands Microsoft hybrid cloud collaboration NetApp plans to expand its strategic alliance with Microsoft to help enterprises accelerate digital transformation for hybrid cloud.Customers are evolving their data centres to integrate hybrid cloud delivery models for greater agility. As they build out these more flexible architectures, they want to retain the benefits of proven on-premises methods that ensure data efficiencies, protection, and insight. These integrations, however, can create new compatibility issues, particularly with existing applications that depend on file services. NetApp intends to expand its collaboration with Microsoft to include hybrid cloud data services, built on NetApp’s ONTAP software, that will deliver enterprise-grade data visibility and insights, data access and control, and data protection and security for customers moving to Microsoft Azure. Collaboration areas include: Developing new cloud data services, based on NetApp ONTAP innovation, that will be offered on the Azure cloud. Engineering collaboration to deliver a solution architecture that will speed the migration of enterprise applications to Azure and Azure Stack so that customers can unlock greater value from their data. Integration of NetApp’s newly launched FabricPool functionality, which reduces the cost of cold data by automatically tiering it from on-premises to cloud, with Azure Blob Storage.

On Monday NetApp, Inc. (NASDAQ:NTAP) share price closed at $38.86. Company net profit margin stands at 9.20% whereas its return on equity (ROE) is 18.40%. NetApp, Inc. (NASDAQ:NTAP) is -9.92% away from its 52 week high and its 52 week range is $22.89 – $43.14.

Sevcon, Inc. (NASDAQ:SEV) announced that the Company agreed to acquire Xuchang Fuhua Glass Co. Ltd’s (“Fuhua Glass”) entire 50% equity interest in Sevcon New Energy Technology (Hubei) Co., Ltd. (“Sevcon New Energy Technology”), for a purchase price of $5,000,000. The Company already holds a 50% equity interest in Sevcon New Energy Technology and, upon the consummation of the acquisition, Sevcon New Energy Technology will become a “wholly-owned foreign entity” under Chinese law. Sevcon also agreed to reimburse Fuhua Glass for the taxes paid by it in relation to the equity transfer in an amount not to exceed $1,173,675, as well as certain ancillary fees. “Our acquisition of the remaining 50 percent interest in Sevcon New Energy Technology will enable us to secure its full future profit stream and further capitalize on our existing opportunities in what is becoming the world’s largest market for two-and four-wheel electric vehicles,” said Sevcon President and CEO Matt Boyle.

Sevcon, Inc. (NASDAQ:SEV) traded 15143 shares and its share price decreased -6.37% to close at $14.99. Company has 6.50% insider ownership. Sevcon, Inc. (NASDAQ:SEV) quarterly performance is 6.77% while its year to date (YTD) performance is 75.54%.

On Monday shares of Glu Mobile Inc. (NASDAQ:GLUU) ended up at $2.51. This year Company’s Earnings per Share (EPS) growth is -996.70% and next year’s EPS growth is 100.00%. Beta of Glu Mobile Inc. (NASDAQ:GLUU) is 1.98 while company weekly performance is -7.04%.

L3 Technologies, Inc. (NYSE:LLL) advanced 0.38% to close at $166.93 on 12 June. Its return on assets (ROA) is 5.40% while return on investment (ROI) is 10.30%. L3 Technologies, Inc. (NYSE:LLL) price to sales (P/S) ratio is 1.20.


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