Pure Storage (PSTG) Beats Q4 Earnings Estimates

07:34pm, Wednesday, 01'st Mar 2023
Pure Storage (PSTG) delivered earnings and revenue surprises of 35.90% and 0.13%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?
Shares of Pure Storage Inc. fell more than 5% in after-hours trading Wednesday after the data-storage company topped profit expectations for its most recent quarter but forecast slower revenue growth
Pure Storage reported fourth-quarter results late Wednesday that missed estimates on the top and bottom. PSTG stock dropped.
Pure Storage posted January quarter profits ahead of estimates, but the outlook is likely to disappoint investors.
Pure Storage's (PSTG) fourth-quarter performance is likely to have benefited from continued momentum in its subscription services, namely Pure as-a-Service subscription, Portworx and Evergreen Storage
MOUNTAIN VIEW, Calif. , Feb. 8, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will h
Pure Storage sees top and bottom-line growth, a healthy balance sheet, strong cash flow, and new technologies launched. 30% growth in its storage-as-service subscription model brings annual recurring
Pure Storage, Inc. continues to grow its revenue thanks to its growing customer base and innovative product portfolio. Pure Storage's management reassures investors about its sustainable margin expans
WIX's performance is benefiting from continued momentum seen in annualized recurring revenues from Creative subscriptions along with robust uptake of Wix Payments and other applications.
Pure Storage's (PSTG) performance is benefiting from the growing demand for its FlashArray and FlashBlade businesses.

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NetApp, Pure Storage and Super Micro Computer have been highlighted in this Industry Outlook article.

3 Storage Devices Stocks to Watch for in a Challenging Industry

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Despite macroeconomic headwinds and supply chain troubles, momentum in cloud computing, IoT, auto, connected devices, VR and AI will likely favor the prospects of the Zacks Computer - Storage Devices
Despite macroeconomic headwinds and supply chain troubles, momentum in cloud computing, IoT, auto, connected devices, VR and AI will likely favor the prospects of the Zacks Computer - Storage Devices
Enterprise data storage solutions provider Pure Storage Inc. (NYSE: PSTG) stock closed out 2022 with a (-16.5%) loss. Much of the selling

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Smart Beta ETF report for SKYY
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