Analysts' Recommendation: Hold 30 Days Ago: Buy Analysts' Target: $17 Analysts' Targets Argus Research $21 Buy Monday, February 02, 2009 MKM Partners LLC $17 Buy Friday, January 30, 2009 AmTech Research $13 Sell Monday, January 26, 2009 Address 2300 Central Expressway Santa Clara, CA 95050 United States - Map Phone: 408-980-4800 Fax: 408-980-8620 http://www.datadomain.com Exchange NASDAQ Index Membership None Sector Hardware Industry Data Storage Devices Held by these Mutual Funds Not Available Competitors Quantum EMC Overland Storage Dot Hill Systems Executives Mr. Frank Slootman Chief Exec. Officer Pres and Member of Board of Directors Dr. Kai Li Ph.D. Co-Founder Chief Scientist and Member of Board of Directors Mr. Michael P. Scarpelli Chief Financial Officer Principal Accounting Officer and Sr. VP Mr. Daniel R. McGee Sr. VP of Engineering Mr. David L. Schneider Sr. VP of Worldwide Sales Financial Snapshot Revenue Net Income EPS EBITDA Long Term Debt 2007 $ 123.6 M $ -3.7 M $ -0.1 $ -2.7 M $ 0.0 2006 $ 46.4 M $ -4.0 M $ -0.5 $ 728,000.0 $ 0.0 Description Data Domain, Inc. was incorporated in Delaware in October 2001.On June 27, 2007; it commenced its initial public offering. Data is a provider of deduplication storage appliances for disk-based backup, archiving and network-based disaster recovery. The Company's appliances reduce the storage of redundant copies of data and associated storage costs within enterprises and are an alternative to tape-based protection storage systems. Data's disk-based appliances enable enterprises to avoid many of the operating costs associated with tape-based systems. In addition, its appliances enable customers to deploy its appliances at an upfront cost comparable to that of tape-based systems. The appliances are easy to deploy and help customers avoid the inconvenience of managing the manual and logistical processes associated with tape-based systems. The appliances are designed to store and recover large amounts of data quickly. Through deduplication, its appliances also enable enterprises to utilize WAN vaulting cost-effectively. The appliances provide advanced levels of data protection by incorporating technology that performs continuous verification to help ensure that backup data is accurate and recoverable. The Company's products are compatible with the enterprise backup software products. Data's storage solutions address protection storage requirements with low operating costs, ease of use, performance, reliability and compatibility with enterprise backup software products. Data Domain offers a variety of appliances with a range of storage capacities. The Company's appliances are sold with varying sizes of internal storage capacity, ranging from approximately 2.25 terabytes, or TB, for its DD510 appliance to approximately 7.5 TB for its DD580 appliance. The appliances are designed to be compatible with enterprise backup software, including products available from vendors such as CommVault Systems, Inc., EMC Corporation, International Business Machines Corporation and Symantec Corporation. Data Domain sells its appliances indirectly through channel partners and through its direct sales force. The Company direct sales force is responsible for managing and overseeing indirect sales within its geographic territories, including North America, Europe, Asia-Pacific and Japan. The market for its products is competitive and is driven by changing technology. In addition to competing with traditional providers of tape-based storage systems, such as Sun Microsystems, Inc. and Quantum Corporation, it competes with other established storage companies such as EMC Corporation and Network Appliance, Inc., and to a lesser extent Hitachi Data Systems Corporation, Hewlett-Packard Company and International Business Machines Corporation, that offer a number of different protection storage products and products that address classes of nearing applications. The Company's raw materials include memory, microprocessors and disk drives and shelving and other materials. Data's customers comprise from different industries such as defense, education, entertainment, finance, government, healthcare, technology, legal, media and retai
$26.35 (06/01/09)
