24.05 -0.06 (-0.25%)
Pre-Market: 8:00AM EDT
|Bid||23.23 x 1000|
|Ask||24.05 x 3200|
|Day's Range||23.98 - 24.40|
|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||25.10|
According to IDC, storage for artificial intelligence (or AI) workloads will grow at a CAGR (compound annual growth rate) of 35% between 2017 and 2022 to reach $10 billion by the end of the forecasted period. Gartner also estimates 80% of enterprises will deploy AI applications by 2020.
Pure Storage (PSTG) has valued its total available market at $35 billion. In comparison, Pure Storage reported revenue of $1 billion in fiscal 2018, indicating a huge potential for expanding revenue. In this series, we have seen that although Pure Storage is competing with storage giants, the firm has managed to achieve significant revenue growth coupled with an increase in market share.
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. The net inflows of $3.90 billion over the last one-month into ETFs that hold PSTG are not among the highest of the last year and have been slowing.
Market research firm IDC has estimated that all-flash array storage revenues will rise 54.7% YoY (year-over-year) to $2.1 billion in Q1 2018. All-flash storage now accounts for approximately 33% of the global external enterprise storage systems market. IDC has named Pure Storage (PSTG) a market leader in all-flash. The other market leaders include NetApp (NTAP) and Dell-EMC (DVMT). IDC has named Hewlett Packard Enterprise (HPE), IBM (IBM), Huawei, and Hitachi as major players in the all-flash segment.
Market research firm International Data Corporation (or IDC) has estimated that worldwide enterprise storage system revenues will grow at 34.4% YoY (year-over-year) to $13 billion. The external enterprise storage systems revenue rose 19% YoY to $6.26 billion in the first quarter of 2018.
Pure Storage (PSTG) has managed to increase revenue significantly over the last few years. In fiscal 2016, Pure Storage reported revenue of $440 million. Revenue increased 65% YoY (year-over-year) to $728 million in fiscal 2017 and 41% YoY to $1.02 billion in fiscal 2018.
Pure Storage (PSTG) is a flash-based storage solutions company. Pure Storage stock has appreciated considerably since the start of 2017. The stock rose over 40% in 2017, and the stock is already up 54% in 2018. The stock has risen 91% in the last 12 months, 1.3% in the last one month, and 6% in the last five trading days.
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. The net inflows of $3.63 billion over the last one-month into ETFs that hold PSTG are not among the highest of the last year and have been slowing.
MOUNTAIN VIEW, Calif., June 28, 2018 /PRNewswire/ -- Pure Storage (PSTG), the all-flash storage platform that helps innovators build a better world with data, today announced the availability of Pure Service Orchestrator, which delivers container storage-as-a-service to empower IT and developers as they deploy container-based, microservices applications. Pure Service Orchestrator equips customers with effortless, self-managed storage that drives data centric architecture with public cloud-like agility on-premises, backed by all-flash speed and enterprise reliability. With Pure Service Orchestrator, enterprises can now support dynamic containerized environments by consuming storage-as-a-service for containerized, persistent applications on Shared Accelerated Storage infrastructure.
MOUNTAIN VIEW, Calif., June 27, 2018 /PRNewswire/ -- St. Petersburg, Florida, the second largest city in the Tampa Bay region, is transforming city operations and improving crime-fighting systems with Pure Storage. The Pure Storage All-Flash solution also helped the city prepare for the arrival of Hurricane Irma in September 2017. St. Petersburg was an early adopter of virtualization technology, investing heavily in server and desktop virtualization infrastructures.
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.
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.