|Bid||18.93 x 1800|
|Ask||18.94 x 1100|
|Day's Range||18.72 - 19.10|
|52 Week Range||12.68 - 23.53|
|Beta (3Y Monthly)||1.98|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 18, 2019 - Nov 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.86|
"We don't really know what the effects of 5G will be. I do think there'll be a lot more sensors that are out there. I think people will be sharing a lot more information," Pure Storage CEO Charles Giancarlo told the Silicon Valley Business Journal.
Let's dive into three tech stocks that we found using our Zacks Stock Screener that growth investors might want to consider buying during Q3 2019 earnings season...
Keysight (KEYS) rides on robust adoption driven by high demand for 5G design and test solutions along with strong pipeline for new business bookings.
Cisco Systems (CSCO) is benefiting from its expanding footprint in the rapidly growing security market. Further, partnerships and accretive acquisitions will boost the company's revenue base.
John "Coz" Colgrove says the unusual challenge helped him see how job candidates think critically and solve problems, and improve Pure Storage's products.
Apple announced USTR approval for most requested tariff exemptions, submitted its position on DACA to the Supreme Court, saw a number of positive analyst reports and some commentary from Apple bull Mark Gurman.
(PSTG) (PSTG) stock is trading higher Thursday after Goldman Sachs analyst Rod Hall lifted his rating on the producer of flash-memory based storage systems to Buy from Neutral, with a new price target of $21, up from $18. Hall says the company will continue to gain storage market share in particular with mid-sized companies, “even as large enterprise spending weakness disproportionately hurts larger storage vendors.” In other words, he finds an advantage for Pure in its relatively modest exposure to large companies. The analyst also notes that while a Goldman’s reseller survey finds “broad-based weakness across most of the customer verticals,” demand was stable for small- and medium-sized businesses where Pure is strong.
Pure Storage (PSTG), Skyworks Solutions, and Qorvo (QRVO) shares rose in early market trading today. So far, Skyworks has returned 4.6%, respectively.
Today we found 10 stocks currently trading for under $20 per share using our Zacks Stock Screener that investors might want to buy heading into October...
Pure Storage (PSTG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
MOUNTAIN VIEW, Calif., Sept. 20, 2019 /PRNewswire/ -- Pure Storage (PSTG), the data solutions leader that helps innovators build a better world with data, today announced its leadership position in the new Magic Quadrant for Primary Storage by Gartner, a leading global research firm. Pure Storage is positioned furthest to the right on the completeness of vision axis. This new Magic Quadrant replaces two Magic Quadrants: the Magic Quadrant for Solid-State Arrays and the Magic Quadrant for General-Purpose Storage Arrays.
AUSTIN, Texas, Sept. 17, 2019 /PRNewswire/ -- Pure Storage (PSTG), the fastest growing data storage company, today announced a host of new and improved AI solutions that provide enterprise customers with the features and functionality needed to execute increasingly complex AI initiatives through any phase or scale. Built on Pure's industry-leading file and object system, FlashBladeTM, and its joint AI-Ready Infrastructure (AIRITM) offering with NVIDIA, customers can develop and deploy AI rapidly to keep pace with modern business.
AUSTIN, Texas, Sept. 17, 2019 /PRNewswire/ -- Pure Storage (PSTG),the fastest growing data storage company, today announced major additions to its Cloud Data Services portfolio that helps customers more impactfully deploy hybrid clouds. "Private and public cloud storage too often operate in separate worlds," said Rob Lee, Chief Architect, Pure Storage. "As more and more customers adopt hybrid cloud, it's critical that their infrastructure is optimized for data mobility.
AUSTIN, Texas, Sept. 17, 2019 /PRNewswire/ -- Pure Storage (PSTG), the fastest growing data storage company, today announced groundbreaking additions to its Pure as-a-Service portfolio to make Pure the first and only company to offer unified subscriptions that enables flexibility across cloud and on-prem solutions. As CIOs look to drive agility and efficiency, they are increasingly moving toward as-a-service models.
AUSTIN, Texas, Sept. 17, 2019 /PRNewswire/ -- Pure Storage (PSTG), the fastest growing data storage company, today announced an expansion of the Pure Storage FlashArray™ product line built to deliver a modern data management experience for customers. Pure is the first and only vendor to enable faster access to data wherever customers need it by delivering flash at disk prices. FlashArray//C, the industry's first capacity-optimized all-flash array, is built to bring consistent all-flash performance with tier one reliability at disk economics.
AUSTIN, Texas, Sept. 16, 2019 /PRNewswire/ -- Pure Storage (PSTG), the fastest growing data storage company, today launched its Technology Alliance Partner Program (TAP), a program for participating technology and solutions partners. Today's customers require strategic, thoughtful integration and partnerships between vendors to address the challenges associated with modern business. The TAP Program is intended to provide a structured framework for partner engagement, go-to-market, and solution development to ensure proven solutions for joint customers that adhere to Pure's high value standards.
MOUNTAIN VIEW, Calif., Sept. 12, 2019 /PRNewswire/ -- Pure Storage (PSTG), the data solutions leader that helps innovators build a better world with data, today announced the appointment of financial services and tech veteran Andy Brown to its Board of Directors. Brown is filling the position held by Mike Speiser, who is stepping down following ten years of service. "Andy possesses deep technology leadership and experience guiding growth organizations," said Charles Giancarlo, Chairman and CEO, Pure Storage.
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. Lowe’s reported second-quarter results that were stronger than anticipated, as same-store-sales performance and gross margin beat low expectations. Better SSS, gross profit, and lower share count drove $2.14 in earnings per share, 19 cents above our expectation.