Markets

Amazon Expands Cloud Storage Portfolio with EFS Launch - Analyst Blog

E-commerce giant Amazon.com Inc.AMZN announced the launch of the Amazon Elastic File System (EFS), a fully managed file system for Amazon Elastic Compute Cloud (EC2) instances at its Amazon Web Services (AWS) Summit 2015 in San Francisco. The EFS is expected to be available later this year.

The system is the latest addition to the AWS storage portfolio, which currently consists of Amazon Simple Storage Service (S3), Amazon Elastic Block Store (EBS) and Amazon Glacier.

What Does EFS Have to Offer?

It is a new storage service that is a resilient, and fully-managed SSD-based file system. It offers a common file system for multiple EC2 virtual machines or instances with low-latency on AWS via the popular Network File System version 4 (NFSv4) protocol. The system automatically scales up as more storage is needed, and can be managed with third party tools.

The system can store a petabyte of data or more. But users will have to only pay for the amount of storage they use. Users will be charged $0.30 per gigabyte per month for using EFS.

As it supports the NFSv4 protocol, EFS will work seamlessly with the majority of file system tools and applications and is also easy to use. It provides developers with a simple interface that will enable them to create and manage them with file systems easily. Moreover, as all EFS storage is SSD-based, data can be automatically copied across different availability regions.

Moreover, as multiple EC2 instances can access an EFS file system simultaneously, it provides a common data source, that is an ability to scale all variety of workloads and applications running on more than one instance.

What's Amazon EC2?

The Amazon EC2 is an online service and forms an integral part of its cloud computing platform, AWS. It allows developers to configure cloud capacity rapidly with minimum friction and simplifies web-scale computing. It permits developers to use Amazon's computing environment with complete control over computing tools to build applications that are less prone to failure.

It offers features such as virtual computing environments, known as instances along with pre-configured templates for the instances, secure login information for instances using key pairs and many more features to swiftly build and deploy applications.

Our Take

AWS is the biggest public cloud in the market. But the competition in the cloud market is intensifying and so is the cloud storage war from the likes of Microsoft MSFT and Google GOOGL . But amid this war we remain extremely positive about AWS's growth prospects. The latest launch is basically an added feather to the cap.

Amazon holds a Zacks Rank #3 (Hold). A better-ranked stock in the same space is LivePerson Inc. LPSN , which sports a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

AMAZON.COM INC (AMZN): Free Stock Analysis Report

MICROSOFT CORP (MSFT): Free Stock Analysis Report

GOOGLE INC-CL A (GOOGL): Free Stock Analysis Report

LIVEPERSON INC (LPSN): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AMZN GOOGL MSFT LPSN

Other Topics

Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More