The Latest Breaking News from PSTG

Brokerage firm Morgan Stanley believes these three tech stocks have run up quite a bit, and should be best avoided at current levels.

High-growth stocks can outperform during economic expansions and add significant value to investment portfolios. Therefore, investors could consider buying high-growth stocks, Spotify Technology (SPOT), Pure Storage (PSTG), Annaly Capital Management (NLY), and Wix.com (WIX), trading above their 50-day moving averages. Keep reading….

Data storage solutions provider Pure Storage (PSTG) delivered strong financial results in the third quarter, with strong revenue growth and increasing operating profits. PSTG’s innovative portfolio and unique Flash-optimized technology position the company to witness sustained growth in the upcoming quarters. However, is it wise to invest in this data…

Insider buying is considered a reliable indicator of a company’s prospects since insiders have the most up-to-date knowledge about the company’s inner workings and its outlook that could be unknown to analysts and investors. Insiders have been buying up shares of Coca-Cola (KO), Biogen (BIIB), and Pure Storage (PSTG) of…

Despite the macroeconomic headwinds, the tech industry is well-positioned for long-term growth, thanks to growing dependency on tech products and services, the introduction of advanced technologies, and increasing corporate and federal spending worldwide. Hence, it could be wise to add quality tech stocks Pure Storage (PSTG), Dropbox (DBX), and TTM…

Slowing demand and high borrowing costs have dented the profitability of tech companies this year. However, the continued digital transformation and advancement of technology should drive the industry’s growth in the long run. Therefore, it could be wise to buy fundamentally strong tech stocks Microsoft (MSFT), Pure Storage (PSTG), and…

IT pioneer Pure Storage (PSTG) delivered solid financial results in the second quarter of fiscal 2023, driven by an expanding portfolio of its industry-leading products and services. Moreover, analysts are bullish about the company’s near-term prospects. Given its diversified business, robust financials, high profitability, and solid growth prospects, it could…

Currently trading under $27, Pure Storage (PSTG) continues to witness solid growth based on its various strategic collaborations and advancements in its product portfolio. So, let’s evaluate if it is worth adding the stock to your portfolio at the current price level. Read on for details.

Pure Storage Inc (NYSE: PSTG) reported first-quarter revenue growth of 50% year-over-year to $620.4 million, beating the consensus of $521.99 million.