Broadcom Showcases NVMe/FC Solution With VMware & NetApp

Broadcom Inc.AVGO is showcasing a new Non-Volatile Memory Express ("NVMe") over Fibre Channel ("NVMe/FC") offering along with Vmware VMW and NetApp NTAP in NetApp Booth 1036 at VMworld 2018.

Per the press release, the new offering provides high level of storage performance essential for emerging technologies, like artificial intelligence ("AI") real-time analytics, deep learning ("DL"), machine learning ("ML") and other mission-critical applications.

The latest NVMe/FC solution runs on VMware's vSphere server virtualization software. The demonstration leverages Broadcom's Emulex LPe32002 Gen 6 HBAs and Brocade Gen 6 switch compatible with vSphere code's pre-release version. The new solution is powered by NetApp's AFF A300 all-flash array compatiblewith pre-release ONTAP.

Given the rapid adoption of emerging technologies, emergence of NVMe as a robust storage solution is expected to transform the future of storage. We believe it's a win-win situation for all the three companiesinvolved.

Notable Benefits

The three distinguished names in their respective fields are coming together to offer a robust storage solution delivering high performance essential for enterprise on-premise storage area network ("SAN") users.

Per a Demartek report, the new NVMe/FC solution offers 30% lower latency and 50% more input/output operations per second ("IOPs") compared with aSmall Computer System Interface ("SCSI") storage solution leveraging NetApp's AFF A700 array.

The new solution has capability of handling the scalability requirements of next-generation applications.

The new NVMe/FC with concurrent SCSI support enables the customer to extend the use of its existing SAN architecture for meaningful applications. Additionally, the new solution offers a robust secure fabric platform suitable for handling mission-critical data.

Broadcom Limited Price and Consensus

Broadcom Limited Price and Consensus | Broadcom Limited Quote

To Conclude

Broadcom's strong ties with leading OEMs across multiple target markets are expected toaid it in gaining key insights into the requirements of customers.

We believe that the company's extensive product portfolio, which serves multiple applications within four primary end markets (Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other), will help it in gaining competitive edge over the long haul.

Although estimates have been stable ahead of company's third-quarter fiscal 2018 results, the company has a positive earnings surprise history in the trailing four quarters.

Zacks Rank & Key Pick

Broadcom carries a Zacks Rank #3 (Hold).

You may consider a better-ranked stock, Mellanox Technologies MLNX , from the same industry. The company has a long-term EPS growth rate of 15%. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

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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.

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