The latest trading session saw Pure Storage (PSTG) ending at $64.73, denoting a +0.73% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 1.54%. Meanwhile, the Dow lost 1.63%, and the Nasdaq, a tech-heavy index, lost 1.63%.Shares of the data storage company witnessed a gain of 2.78% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.11% and the S&P 500's loss of 2.2%.The upcoming earnings release o ...

My previous investment thought on Pure Storage (NYSE: PSTG ) (published in April 2024) was a buy rating because I believed it is well positioned to continue growing as the demand for storageI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimately, I aim to identify ...

SANTA CLARA, Calif., Jan. 7, 2025 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced the expansion of its strategic collaboration with Micron Technology, Inc. (NASDAQ: MU), a global leader in memory and storage solutions. This strategic collaboration enables the high-capacity and energy-efficient solutions that hyperscalers require using Micron G9 QLC NAND for future DirectFlash® Module products. The joint ...

Since I recommended Pure Storage (NYSE: NYSE: PSTG ) in my last article on the company, the stock has been up 24% compared to the S&P 500's ( SPX ) 5.6% rise as of DecemberI have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to gravitate to Tech stocksAnalyst’s Disclosure: I/we have no stock, ...

Pure Storage, Inc’s (PSTG) shares have been performing well on the trading front, with a gain of 69.5% year to date (YTD). Headquartered in Mountain View, CA, Pure Storage provides software-defined all-flash solutions that are uniquely fast and cloud-capable for its customers.The stock has outperformed its sub-industry, the Zacks Computer and Technology sector and the S&P 500 composite’s growth of 45%, 32.4% and 27.4%, respectively.YTD Price PerformanceImage Source: Zacks Investment ResearchClosing at $60.2 ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...

2024 is nearing its end, and with stock markets continuing to hover around all-time highs, I continue to be incredibly cautious about what I choose to invest in and retain in my portfolio. Active portfolio management, in my view, will be keyWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular c ...

Pure Storage's recent quarterly report arrived with plenty for investors to be excited about.Pure Storage (PSTG 24.50%) stock is making big gains in Wednesday's trading. The company's share price was up 23.9% as of 10:30 a.m. ET.Pure Storage published its third-quarter earnings results after the market closed yesterday and posted sales and earnings that beat the market's expectations. In addition to top- and bottom-line beats in Q3, the company also issued encouraging forward guidance and detailed contract ...

Pure Storage (PSTG) reported third-quarter fiscal 2025 non-GAAP earnings per share (EPS) of 50 cents, which beat the Zacks Consensus Estimate by 16.3%. The company reported non-GAAP EPS of 50 cents in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly revenues jumped 9% from the year-ago quarter to $831.1 million, beating the Zacks Consensus Estimate by 2%. The top line outperformed management’s guidance owing to higher demand for FlashArray//E, Flashbl ...

Low-angle view of sign with logo on facade of technology company Pure Storage in the Silicon Valley town of Mountain View, California, October 28, 2018.Pure Storage shares rallied after announcing a contract with an unnamed "top four" AI hyperscaler in tandem with its fiscal third-quarter results.The shares were last up 23% in premarket trading.The data storage management company topped Wall Street's estimates and offered up strong fourth-quarter guidance. Pure Storage also upped its previously forecasted f ...