Stock of the week: “Pure Storage Inc”
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disks with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.
Pure Storage Inc. reported third-quarter results and revenue that exceeded analysts' expectations last week.
The company is well-positioned to take advantage of the current data explosion and continues to invest heavily in research and development to introduce new products and enhance existing product lines.
Financial social media sentiment is “positive” in both absolute and relative terms – on its own and when compared to the sentiment of the sector and the sentiment of the stock index.
Analysts' consensus rating is "buy" - out of the 21 bank analysts covering the company, 16 recommend buying the stock, and 5 recommend holding it. The upside potential of the stock price expected by the analysts on average over the next 6-12 months is currently 31.85% (reference close of business 5/12/2022).
Attention buzz is currently “Average”.
Who said organizing data should be tedious work?
Source:
https://umushroom.com/en/equity/pure-storage-rg-a
https://finance.yahoo.com/news/pure-storage-pstg-report-q3-135401023.html
