- Barrons.com•14 hours ago
Pure Storage (PSTG) shares are up $1.22, or over 10%, at $13.05, after surging in late trading following a report of fiscal Q2 results above expectations, and a forecast for this quarter’s revenue a little higher as well. Dietzen is "living the dream," as he told me. "I think we are growing phenomenally quickly in the $24 billion market, which is one of the biggest available markets out there." I asked Dietzen about remarks from NetApp (NTAP) CFO Ron Pasek last week, to the effect that NetApp surpassed Pure in April in second place for sales of so-called "all-flash" storage products that use solid-state drives instead of hard disk drives.
- Benzinga•2 days ago
Barclays maintained its Equal-Weight rating on Nimble Storage Inc (NYSE:NMBL) despite the company reporting a solid quarter and guidance, driven by strong demand for all-flash arrays (AFA). "We think ...
- Barrons.com•2 days ago
Goldman Sachs analysts today swapped out their favorites among tech dogs, raising the firm’s rating on storage technology vendor NetApp (NTAP) to Neutral from Sell, while cutting wearables maker and personal navigation tech pioneer Garmin (GRMN) to Sell from Neutral. NetApp shares are down 13 cents, or 0.4%, at $34.86, while Garmin is down $3.20, or 6%, at $50.47. For NetApp, Goldman’s Simona Jankowski writes that its market continues to be “challenging,” in particular, the enterprise side of things, given the “market cannibalization from the move to cloud,” and also the economic disruption of flash memory technology taking over from disk drives.
NetApp, Inc. (NTAP)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
|Bid||33.95 x 100|
|Day's Range||34.54 - 35.35|
|52wk Range||20.66 - 35.47|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||31.54|
|Avg Vol (3m)||3,314,935|
|Dividend & Yield||0.76 (2.18%)|