SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, unveiled a new generation of its Fusion ioMemoryTM PCIe application accelerators to dramatically improve performance, while helping to drive data center consolidation and lower total cost of ownership. The new Fusion ioMemory PCIe application accelerators—comprised of SanDisk NAND flash, and Virtual Storage Layer (VSL) data access acceleration software—deliver up to a 4x price performance improvement, with up to a 61 percent list price reduction over the previous generation Fusion ioDrive®2 product1.
“Fusion-io’s technology fundamentally transformed expectations about data center performance when it debuted eight years ago and it remains the standard by which all other PCIe products are judged,” said John Scaramuzzo, senior vice president and general manager, Enterprise Storage Solutions, SanDisk. “Combining the power of Fusion ioMemory technology with SanDisk’s vertically integrated NAND flash, our engineering talent and portfolio of SATA and SAS SSDs, provides customers with an unparalleled combination of flexibility, performance, scalability, quality and value to help solve their data center challenges.”
A recent Gartner report indicates that “with the proliferation of server virtualization, virtual desktop infrastructure (VDI), in-memory computing applications, and the need for real-time analytics, Gartner has detected a heightened focus on PCIe technology”2. Over 250,000 Fusion ioMemory PCIe application accelerators have been deployed by more than 7,000 customers including storage DataLogix, ObjectRocket by Rackspace, Pandora, Santa Monica City College, ServiceNow,TransUnion, the University of Michigan and University of Victoria, making Fusion ioMemory a proven and safe choice for business-critical data centers.
The Fusion ioMemory portfolio offers an array of form factors ranging from PCIe cards to mezzanine storage for HP and Ciscoblade servers. Each card is optimized for mixed-use or read-intensive workloads and can also be paired with SanDisk’s recently announced next generation FlashSoft caching software, which reduces I/O latency in VMware vSphere®, Windows Server® and Linux environments, helping customers further accelerate enterprise applications.
“At Dell, we’re committed to providing customers with solutions that have enterprise-class storage reliability and serviceability,” said Ravi Pendekanti, vice president, Dell Server Solutions. “By providing high-performance storage devices in our PowerEdge portfolio – such as the Fusion ioMemory PCIe accelerators – we’re giving our customers powerful solutions to address their most demanding enterprise environments.”
Accelerating Time to Value for Customer Applications
Fusion ioMemory PCIe cards solve one of the most challenging data center computing problems: reducing the length of time and infrastructure needed to extract data out of conventional hard drive-based storage systems. By streamlining data access, Fusion ioMemory cards can increase performance—and thereby customer satisfaction—associated with Microsoft SQL,Oracle and MySQL databases, as well as new database technologies such as Spark, Redis and MongoDB. For example, with Fusion ioMemory, customers can speed up search or ecommerce applications or shrink the time required to run database reports by 7x or more3.
“Every aspect of our stack has been tuned to make MongoDB fast, which is why we only use the fastest storage like PCIe application accelerators in our platform. No matter what the instance size is, everyone’s application deserves the best quality of service,” said Chris Lalonde, chief executive and co-founder of ObjectRocket. “We rely on the superior performance of Fusion ioMemory PCIe application accelerators so that our customers get more transactions per second and more consistent performance without the typical penalty of a shared cloud environment.”
By substantially reducing the total amount of hardware, software and other equipment required to manage and run critical applications, customers regularly experience data center consolidations of 3x or more4.
“Our business relies on being able to offer a single, integrated IT work-flow and management system around a single system of record,” said Allan Leinwand, vice president and chief technology officer, Cloud Platform and Infrastructure, ServiceNow. “SanDisk and Fusion-io are experts in solid-state storage and flash technology with a decades-long history of delivering innovation. We utilize their PCIe solutions so that we can be successful in helping CIOs focus on delivering business value from the ServiceNow enterprise cloud.”
The newly updated Fusion ioMemory application accelerator portfolio includes:
- SX350 and SX300 Series—Ranging in capacity from 1.25TB up to 6.4TB, the SX350 and SX300 provide a cost-efficient solution for both mixed-use workloads such as virtualization, databases, business intelligence and real-time financial data processing and read-intensive workloads, such as web hosting, data mining, seismic data processing, content caching, 3D Animation, and CAD/CAM.
- PX600 Series—Ranging from 1TB up to 5.2TB, the PX600 series is designed for mixed-use workloads such as virtualization, databases, business intelligence and real-time financial data processing.
- Mezzanine Series—Available on the latest HP Gen9 and Gen8 BladeSystem Servers and the newest CISCO UCS B-Series Blade Servers, the SanDisk’s Mezzanine Series delivers high performance and density gains over hard disk drives for virtualized environments. Utilizing the Mezzanine cards helps support more virtual machines per server, and accelerates database mining and business intelligence, resulting in cost and time savings.
- FlashSoft Bundles—The new bundles deliver the benefits of Fusion ioMemory flash hardware and caching software in a single solution that is easy to evaluate, deploy and support, regardless of storage operating systems or architectures.
Each of the new Fusion ioMemory PCIe cards also offer 2x more random read performance over the ioDrive2 generation for increased endurance, and an updated Virtual Storage Layer (VSL), which provides direct memory access, minimizes latency and maximizes application throughput1.
The new portfolio of Fusion ioMemory PCIe application accelerators is available immediately for customer qualification. It is also available through the SanDisk Enterprise Reseller Partner Program for SanDisk Commercial Business Channel partners that resell select SanDisk data center hardware and software solutions. To learn more about how Fusion ioMemory PCIe devices can accelerate your business, visit SanDisk at booth #1767 during the Interop Las Vegas Expo taking place April 28-30 at the Mandalay Bay Convention Center. Alternatively, check out www.sandisk.com/enterprise, the SanDisk IT Blog or viewthis video about the new generation of Fusion ioMemory products. You can also register for our webinar series on the business benefits Fusion ioMemory application accelerators deliver, taking place Tuesday, May 12, 2015 at 8:30am PT. Further notes on the history of Fusion ioMemory innovation and benefits delivered to data center infrastructures can be viewed here. (Original Source)
Shares of SanDisk closed last Friday at $67.92 . SNDK has a 1-year high of $108.77 and a 1-year low of $63. The stock’s 50-day moving average is $73.71 and its 200-day moving average is $85.57.
On the ratings front, SanDisk has been the subject of a number of recent research reports. In a report issued on April 17, Drexel Hamilton analyst Richard Whittington downgraded SNDK to Sell, with a price target of $60, which implies a downside of 11.7% from current levels. Separately, on the same day, Argus’ Jim Kelleher reiterated a Buy rating on the stock and has a price target of $80.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Richard Whittington and Jim Kelleher have a total average return of 23.3% and 16.2% respectively. Whittington has a success rate of 83.3% and is ranked #251 out of 3581 analysts, while Kelleher has a success rate of 70.2% and is ranked #328.
In total, 3 research analysts have rated the stock with a Sell rating, 8 research analysts have assigned a Hold rating and 9 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 $67.92 which is 2.5% above where the stock closed last Friday.
SanDisk Corp designs, develops and manufactures data storage solutions using flash memory, proprietary controller and firmware technologies.