|Bid||0.00 x 4000|
|Ask||0.00 x 2900|
|Day's Range||23.57 - 24.35|
|52 Week Range||11.99 - 25.62|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 22, 2018 - Aug 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.00|
Charles Giancarlo, Pure Storage CEO, discusses the data-storage company's quarterly earnings, the outlook for artificial intelligence and the cloud.
LONDON, UK / ACCESSWIRE / June 21, 2018 / If you want access to our free earnings report on Pure Storage, Inc. (PSTG), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PSTG. The Company reported its financial results on March 21, 2018, for the first quarter of the fiscal year 2019, ended April 30, 2018. The Company surpassed analysts' estimates for revenues and earnings for Q1 FY19.
Pure Storage (PSTG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
LONDON, UK / ACCESSWIRE / June 15, 2018 / If you want access to our free earnings report on NetApp, Inc. (NASDAQ: NTAP), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NTAP. NetApp reported its fourth quarter and fiscal 2018 operating and financial results on May 23, 2018. The data storage Company outperformed top- and bottom-line expectations.
Short interest is low for PSTG with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Technology sector is rising.
Pure Storage has been an unlikely leader in the storage industry. IT shops responded and began adopting Pure Storage's all-flash solutions into their performance applications. The entire storage industry scrambled to respond to the threat of all-flash arrays, and over just the past two years, all-flash arrays have become a standard part of every vendor's catalog.
In Q4 2018, NetApp’s (NTAP) strategic solutions revenue accounted for 74% of the company’s net product revenue and rose 25% YoY (year-over-year). Mature solutions, which accounted for 26% of its net product revenue, rose 4% YoY, indicating a stabilization in this vertical. NetApp expects strategic solutions to drive revenue growth in fiscal 2019 as well.
NetApp (NTAP) is depending on its Data Fabric strategy and other solutions to acquire new customers, expand its presence among existing customers, and create new business opportunities. In fiscal 2018, NetApp was one of the market leaders in all-flash arrays and was named a leader in Gartner’s Magic Quadrant. This quadrant ranked IBM (IBM), Hewlett Packard Enterprise (HPE), and Pure Storage (PSTG) as other leaders in all-flash arrays.
In the previous part of this series, we saw that NetApp’s (NTAP) revenue rose 10% YoY (year-over-year) in fiscal Q4 2018 and 7% YoY in fiscal 2018, beating its guidance. The company’s solid demand, key customer wins, and expansion across regions boosted its revenue.
NetApp (NTAP) announced its fiscal Q4 2018 (ended in April) results on May 23, reporting revenue of $1.6 billion. Its revenue rose 10% YoY (year-over-year) from $1.5 billion. The company’s non-GAAP net income rose 20.5% YoY to $288 million, and its EPS rose 22% to $1.05.
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MOUNTAIN VIEW, Calif., May 23, 2018 /PRNewswire/ -- Pure Storage (PSTG), the all-flash storage platform that helps innovators build a better world with data, today announced its second AI-Ready Infrastructure offering, AIRI™ Mini, powered by NVIDIA. Architected by Pure Storage and NVIDIA, AIRI is purpose-built to enable data architects, scientists and business leaders to extend the power of the NVIDIAⓇ DGX-1™ system.
SAN FRANCISCO, May 23, 2018 /PRNewswire/ -- At Pure//Accelerate 2018, Pure Storage (PSTG), the all-flash storage platform that helps innovators build a better world with data, unveiled its vision for the future of infrastructure – a Data-Centric Architecture. With best-in-class storage purpose-built for modern workloads and challenges, Pure Storage helps "New meet Now" by continuing to deliver next-generation technology and collaborative partnerships that empower organizations to innovate. With the rise of machine learning and artificial intelligence technologies, data has shifted from informational asset to the core of innovation.
MOUNTAIN VIEW, Calif., May 23, 2018 /PRNewswire/ -- Pure Storage (PSTG), the all-flash storage platform that helps innovators build a better world with data, today announced significant updates to the Evergreen™ Storage program pioneered by Pure. Starting immediately, customers can subscribe to the Pure Evergreen Storage Service (ES2) for pay-per-use on-premises storage, as well as new Evergreen Gold and Silver benefits that extend the life of Pure's existing Right-Size Guarantee with any capacity expansion - indefinitely. Evergreen Storage Service applies a cloud-like approach to on-premises storage that eliminates the need for forklift technology rebuys and planned downtime.
Shared Accelerated Storage unites SAN and DAS into a single, consolidated, shared and fundamentally more efficient data-centric architecture. MOUNTAIN VIEW, Calif., May 23, 2018 /PRNewswire/ -- Pure Storage (PSTG), the all-flash storage platform that helps innovators build a better world with data, has significantly expanded its FlashArray product line, to now deliver cost-effective all-NVMe Shared Accelerated Storage for every workload. The new FlashArray//X family makes everything faster – databases, virtualized and containerized environments, test/dev initiatives and web-scale applications – at no additional cost over FlashArray//M, based on effective capacity.
Pure Storage received several price-target increases, following a quarterly earnings report that beat estimates, as did the outlook, but apparently left some investors wanting more.
MOUNTAIN VIEW, Calif., May 22, 2018 /PRNewswire/ -- Pure Storage (PSTG), the all-flash storage platform that helps innovators build a better world with data, today announced the launch of a new program for partners. The partner program evolved in order to keep pace with the significant growth of the company. The new Pure Partner Program will empower partners with new training, certifications, support and incentives.
Artificial intelligence is all about big data. Pure Storage CEO Charles Giancarlo says older, tiered storage systems that rank data by age aren't nimble enough to grant researchers quick access to the data they will need. As interest in the cloud grows, companies like Amazon, Google and Microsoft fuel Pure Storage's business.
Pure Storage (PSTG) reported narrower non-GAAP loss of 7 cents per share in the first quarter of fiscal 2019. Strength in product portfolio is a positive.
The Mountain View company's shares have doubled in the past year but they dropped by nearly 6 percent Tuesday.
NEW YORK, NY / ACCESSWIRE / May 22, 2018 / U.S. equities closed up on Monday, with the Dow Jones bouncing back to 25,000 milestones. Tension between U.S. and China eased after statement from Treasury Secretary ...