SOURCE: Paragon Financial Limited

Paragon Financial Limited

October 11, 2011 08:16 ET

Breakthrough Technology From Brocade and NetApp Reshapes IT Market

The Paragon Report Provides Equity Research on Brocade Communications & NetApp

NEW YORK, NY--(Marketwire - Oct 11, 2011) - Cloud storage is a model of storage where data is stored on multiple virtual servers, generally hosted by third parties. Driven by the growth of cloud computing, cloud storage is rapidly growing from a small percentage of the IT market to a significant opportunity. The Paragon Report examines the outlook for companies in the Computer Storage Devices Industry and provides stock research on Brocade Communications Systems, Inc. (NASDAQ: BRCD) and NetApp, Inc. (NASDAQ: NTAP). Access to the full company reports can be found at:

According to AMI Partners' report, US SMB Playbook, the surge of cloud computing is growing rapidly, with the market for hosted storage set to increase 11 per cent yearly until 2015. Cloud computing is highly appealing to today's organizations, not only because of its projected cost savings but also because of the cloud's flexibility.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Computer Storage Devices Industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Brocade's "CloudPlex" cloud architecture is an open framework for building virtualized data centers that combines computing, storage and networking components into a single converged architecture, bringing the storage and IP networking vendor into the converged infrastructure market.

According to NetApp, the company's virtualised storage management "OnCommand" simplifies cloud storage for end-user customers through a range of services, and is able to replicate the offering in several places. NetApp reported fiscal first quarter revenues of $1.46 billion, up 26.4% from $1.15 billion in the year-ago quarter.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at