Pure Storage's earnings and sales topped estimates while the company touted a cloud 'design win.' The post Pure Storage Stock Soars 20% After Data Player Beats On Earnings, Touts Hyperscaler Cloud Win appeared first on Investor's Business Daily.
PSTG's third-quarter performance is likely to have benefited from continued demand for the FlashBlade portfolio (including FlashBlade//E).
Beyond analysts' top -and-bottom-line estimates for Pure Storage (PSTG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.
The latest trading day saw Pure Storage (PSTG) settling at $54.60, representing a +1.6% change from its previous close.
Pure Storage (PSTG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Pure Storage Inc. NYSE: PSTG is a leading enterprise data storage provider specializing in all-flash storage solutions using solid-state drives (SSDs). Their FlashArray is designed for low latency, scalable and reliable storage for applications requiring high-speed access to massive datasets like machine learning (ML), real-time analytics, virtual machines and high-performance computing (HPC).
Pure Storage (PSTG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In the closing of the recent trading day, Pure Storage (PSTG) stood at $49.90, denoting a +0.77% change from the preceding trading day.
Pure Storage (PSTG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Pure Storage (PSTG) concluded the recent trading session at $49.87, signifying a -0.56% move from its prior day's close.
Pure Storage, Inc. PSTG shares are trading lower on Wednesday. Oppenheimer analyst Param Singh initiated coverage on the company with an Outperform rating and a price target of $70.