Company Update (NASDAQ:SNDK): SanDisk Corporation and Nexenta to Deliver the First Open Software-Defined Storage (OpenSDS) All Flash Array in the Market

SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, and Nexenta (@Nexenta), the global leader in Open Source-driven Software-Defined Storage (OpenSDS), today announced that NexentaStor, the company’s flagship software-only platform, has been integrated with SanDisk’s all-flash InfiniFlash™ IF100 system. This all-flash joint solution provides data center customers with a pre-tested, full-featured, cost-effective, high-performance system for addressing today’s increasing Big Data challenges.

Pre-validated Nexenta and SanDisk all flash array solutions for ultra large scale, low-cost, high performance data centers available on Dell and Supermicro platforms (Photo: Business Wire)

Capable of scaling from 64 Terabyte (TB) to two Petabyte (PB) configurations, this unique software and hardware solution supports a broad range of deployment scenarios and workloads including, virtualization, Big Data analytics, data warehousing, and dynamic modeling. Built on ZFS, this resilient scale-up, unified block (FC and iSCSI) and file (NFS and SMB) storage solution provides enterprise customers with peace of mind and the assurance needed around functionality and performance. Key differentiators of this joint solution include NexentaStor’s inline data reduction and high performance dual parity raid capabilities as well as the InfiniFlash IF100’s extra low space, power and cooling requirements, resulting in industry leading TCO.

“The coupling of our NexentaStor software and SanDisk’s InfiniFlash systems delivers the industry lowest cost solutions for high performance (ultra low, consistent, sub-millisecond response times and more than 8 Million flash IOPS in a rack) mature unified block and file services to cloud service providers and enterprise customers,” said Tarkan Maner, CEO of Nexenta. “These solutions literally break new ground and make all flash storage economically practical for a wide range of use cases, from high performance databases, to virtualized environments, big data lakes and extra dense active archive repositories.”

The integrated system monitoring and event management capabilities of the new solution, eases system management which ensures a better customer experience. NexentaStor’s ability to support block and file services allows customers to address use cases such as: VMware vCloud® Air™, OpenStack and CloudStack backend storage, generic NAS file services and Home Directory storage, etc.

“By design, InfiniFlash provides data center customers with a seamless, simple to manage, cost efficient solution, that delivers substantial performance gains over traditional hard disk drive-based systems,” said Ravi Swaminathan, Vice President and General Manager, Systems and Software Solutions, SanDisk. “By integrating with Nexenta, we are disrupting the status quo and changing the industry dynamics in favor of dramatically broader flash adoption throughout the data center.” (Original Source)

Shares of SanDisk Corp closed yesterday at $52.81. SNDK has a 1-year high of $106.64 and a 1-year low of $44.28. The stock’s 50-day moving average is $56.35 and its 200-day moving average is $65.99.

On the ratings front, SanDisk Corp has been the subject of a number of recent research reports. In a report issued on August 24, Susquehanna analyst Mehdi Hosseini maintained a Hold rating on SNDK, with a price target of $55, which represents a slight upside potential from current levels. Separately, on August 18, Merrill Lynch’s Simon Woo downgraded the stock to Sell and has a price target of $40.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Mehdi Hosseini and Simon Woo have a total average return of -7.2% and 12.7% respectively. Hosseini has a success rate of 39.1% and is ranked #3451 out of 3742 analysts, while Woo has a success rate of 45.0% and is ranked #897.

Overall, 2 research analysts have rated the stock with a Sell rating, 9 research analysts have assigned a Hold rating and 8 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $69.92 which is 32.4% above where the stock closed yesterday.

SanDisk Corp designs, develops and manufactures data storage solutions using flash memory, proprietary controller and firmware technologies.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts