Pure Storage Inc
Skyworks, PSTG, and QRVO Gain Due to Analyst Upgrades
Pure Storage (PSTG), Skyworks Solutions, and Qorvo (QRVO) shares rose in early market trading today. So far, Skyworks has returned 4.6%, respectively.
Pure Storage Stock Rose despite Poor Guidance
Pure Storage shares have risen more than 15% today. The company announced its second-quarter results after the markets closed on Wednesday.
Baidu Leads Tech Gains on August 19
Shares of China’s leading search engine Baidu (BIDU) have been on a tear today. The stock gained 7.8% in after-hours trading today to close at $104.22.
Was Friday’s Tech Sell-Off Justified?
Last week, Donald Trump threatened 10% tariffs on $300 billion in Chinese imports. The stock market was sent tumbling on August 2, led by a tech sell-off.
Pure Storage Stock Fell after Quarterly Results
Several Wall Street analysts revised their 12-month price target for Pure Storage after its lackluster Q1 performance.
Here’s What Could Drive Pure Storage’s Revenue Higher
Pure Storage (PSTG) has been a disruptor in the global storage space.
Can Pure Storage Beat Wall Street Estimates in Q1?
Pure Storage (PSTG) is set to announce its results for the first quarter of fiscal 2020 on May 21.
Pure Storage Stock Is Continuing Its Fall This Month
Shares of storage company Pure Storage (PSTG) fell 5.9% to close trading at $17.41 on December 7.
ServiceNow Stock Rose More than 2% in November
In this series, we’ll look at the performances of high-growth tech stocks ServiceNow, Splunk, Pure Storage, Arista Networks, and Square.
What Drove Pure Storage’s Revenue in Q3
In the previous part of this series, we saw that Pure Storage reported record revenue of $372.8 million in the third quarter of fiscal 2019.
Analyzing the Recent Decline in High-Growth Stocks
ServiceNow rose 56% between January and September. However, the stock has declined 20% since the beginning of October.
Why Pure Storage Acquired StorReduce
With a cash balance of $1.11 billion, debt of $437 million, and growing earnings, Pure Storage can now look at acquisitions to drive its revenue.
HPE’s Revenue Is Estimated to Rise 6% in Fiscal 2018
HPE’s revenue is estimated to rise 6% from $28.9 billion in 2017 to $30.62 billion in fiscal 2018.
A Look at NetApp Stock’s Returns and Price Targets
NetApp (NTAP) stock has returned 96% in the last 12 months, 7.3% in the last month, and 6.5% in the last three months.
Where Does NetApp Stand in the Global Storage Market?
According to IDC, worldwide enterprise storage systems revenue rose 34.4% YoY (year-over-year) to $13 billion in the first quarter.
Pure Storage Named a Market Leader in All-Flash
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.
Pure Storage Could Benefit from Growth in Enterprise Storage
Market research firm International Data Corporation (or IDC) has estimated the worldwide enterprise storage system revenue to grow at 34.4% YoY (year-over-year) to $13 billion.
NetApp Banking on Leading Solutions for Revenue Growth
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.
Why NetApp Stock despite Its Q4 2018 Earnings Beat
NetApp stated that its customer acquisitions have continued to accelerate and the company is now viewed as a critical strategic partner for data-driven digital transformation.
NetApp Looks to Pivot toward High-Growth Segments
NetApp (NTAP) expects its Networked Storage vertical to fall at a CAGR of 4% from $37 billion in fiscal 2017 to $31 billion in fiscal 2021.
What Are the Key Industry Trends for NetApp?
According to NetApp (NTAP), the data-driven digital transformation seen across industry verticals has accelerated business outcomes.
How Has NetApp Performed since Its Fiscal 3Q18 Results?
NetApp reported revenues of ~$1.5 billion in fiscal 3Q18, an 8.0% year-over-year increase over its fiscal 3Q17 revenues of $1.4 billion.
How Do NetApp’s Capital Returns Look?
NetApp (NTAP) recently declared a quarterly cash dividend of $0.20 per share, which will be distributed to shareholders on January 24, 2018.
A Look at HPE’s Opportunities in Hybrid IT
HPE aims to simplify hybrid IT Hewlett Packard Enterprise (HPE) is recognized as one of the leaders in the hybrid IT (information technology) service space. The company aims to develop software-defined solutions that will simplify hybrid IT. Market research company Gartner has named HPE as the leader in its Magic Quadrant for modular servers. Other companies in the […]
Will NetApp’s Revenue Continue to Rise in Fiscal 2018?
Analysts expect NetApp’s (NTAP) revenues to rise 2.7% YoY (year-over-year) to $5.7 billion in fiscal 2018 compared with its revenues of $5.5 billion in fiscal 2017.
How NetApp’s All-Flash Array Segment Drives Revenues
NetApp’s (NTAP) All-Flash Array business rose 95% year-over-year to an annualized run rate of $1.5 billion.
What Are NetApp’s Growth Drivers?
NetApp (NTAP) continued beating earnings expectations in the latest quarter, when results also exceeded internal guidance and grew from the year-ago period.
Tracking Seagate’s Revenue in Fiscal 2018
Seagate’s management stated that it remains “cautiously optimistic” about global macroeconomic conditions as well as enterprise IT spending trends.
NetApp Expands Its Market Share in the All-Flash Array Segment
In 2007, 1 gigabyte (or GB) of flash storage cost $8.00, which declined to $0.71 per GB in 2012 and $0.30 per GB in 2017.
Factors That Could Impact Western Digital Stock in 2017
In fiscal 3Q17, Western Digital (WDC) reported revenues of $4.6 billion with non-GAAP earnings per share of $2.39.
What Analysts Expect from NetApp in Fiscal 4Q17
NetApp (NTAP) will be announcing its fiscal 4Q17 results on May 24, 2017. Analysts estimate that the company will post revenue of $1.4 billion.
What’s the Future of Dividends at Seagate?
After all is said and done about Seagate’s mixed fiscal 3Q17 report, for income investors, the most important question is whether the company can keep dividends flowing.
Did Western Digital Make a Blunder with Its SanDisk Acquisition?
Western Digital’s (WDC) fiscal 1Q17 results showed how its $19 billion acquisition of SSD (solid-state drive) specialist SanDisk led it to a quarterly loss.
What Do Analysts Expect from Western Digital’s Fiscal 4Q16 Earnings?
Analysts estimate Western Digital to post revenues of $3.44 billion for fiscal 4Q16, with a low estimate of $3.38 billion and a high of $3.47 billion.
Pure Storage Stock Is on a Growth Path
Pure Storage stock showed bullish figures in the futures market. It witnessed an unusually high call trade contract volume of 258.
Pure Storage Shares Rose 10% after the Fiscal 3Q16 Earnings
Pure Storage beat analysts’ revenue estimate by a large number. This sent the company’s shares as high as $17.10 on December 4, 2015.
Challenges and Opportunities for NetApp in Fiscal 2016
Let’s look at NetApp’s challenges and opportunities. NetApp has been plagued by falling revenues due to its slower adoption of new technologies.