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(PSTG) to Overweight, Highlights $500M Cloud and AI Opportunity with Hyperscaler","url":"https://stock-news.laohu8.com/highlight/detail?id=2489105212","media":"Insider Monkey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489105212?lang=en_us&edition=fundamental","pubTime":"2024-12-07 15:18","pubTimestamp":1733555924,"startTime":"0","endTime":"0","summary":"We recently compiled a list of the 15 AI News Updates That Broke The Internet.In this article, we are going to take a look at where Pure Storage, Inc.  stands against the other AI stocks that broke the Internet recently.With Trump taking in the reigns soon, steps toward overhauling the US policy have begun. President-elect Trump said on Thursday that he is appointing former Pay Pal Chief Operating Officer David Sacks as his \"White House A.I. & Crypto Czar”.READ NOW:15 AI News Investors Shouldn’t Missand15 Buzzing AI Stocks Making Headlines. “As AI becomes more advanced, it will solve increasingly complex and critical problems. It also takes significantly more compute to power these capabilities”.","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/uUF1AGbbYuZl.LVq5OFWyg--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/fe3711238825e09dbd0b36215a10fc88","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/uUF1AGbbYuZl.LVq5OFWyg--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/fe3711238825e09dbd0b36215a10fc88"],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/piper-sandler-upgrades-pure-storage-071844795.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["PSTG"],"gpt_icon":0},{"id":"2489946231","title":"Stifel Nicolaus Remains a Hold on Pure Storage (PSTG)","url":"https://stock-news.laohu8.com/highlight/detail?id=2489946231","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489946231?lang=en_us&edition=fundamental","pubTime":"2024-12-06 00:38","pubTimestamp":1733416736,"startTime":"0","endTime":"0","summary":"Stifel Nicolaus analyst Matthew Sheerin maintained a Hold rating on Pure Storage (PSTG – Research Report) yesterday and set a price target of $65.0...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/stifel-nicolaus-remains-a-hold-on-pure-storage-pstg?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/stifel-nicolaus-remains-a-hold-on-pure-storage-pstg?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["LU1861220033.SGD","PSTG","LU1861215975.USD","BK4127","BK4585","BK4588","LU0963586101.USD","LU2360107168.USD","SF","LU2290526834.HKD","BK4170"],"gpt_icon":0},{"id":"2489465971","title":"Pure Storage’s Hyperscale Win and Strategic Financial Moves Drive Buy Rating","url":"https://stock-news.laohu8.com/highlight/detail?id=2489465971","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489465971?lang=en_us&edition=fundamental","pubTime":"2024-12-05 23:33","pubTimestamp":1733412812,"startTime":"0","endTime":"0","summary":"Analyst Krish Sankar of TD Cowen maintained a Buy rating on Pure Storage (PSTG – Research Report), with a price target of $80.00. Krish Sankar has ...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/pure-storages-hyperscale-win-and-strategic-financial-moves-drive-buy-rating?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/pure-storages-hyperscale-win-and-strategic-financial-moves-drive-buy-rating?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["PSTG"],"gpt_icon":0},{"id":"1107453090","title":"Post-Bell | U.S. Stocks Hit Records Across the Board; Salesforce Jumps 11%; Marvell Technology Surges 23%","url":"https://stock-news.laohu8.com/highlight/detail?id=1107453090","media":"Tiger Newspress","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1107453090?lang=en_us&edition=fundamental","pubTime":"2024-12-05 06:59","pubTimestamp":1733353168,"startTime":"0","endTime":"0","summary":"All three major U.S. stock indexes scored record closing highs on Wednesday as technology shares rallied after upbeat results from Salesforce and as comments by Federal Reserve Chair Jerome Powell gav","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":[".SPX",".IXIC","CPB",".DJI","FL","PSTG","LLY","CRM","JBLU","TPL","BASE","NVO","MRVL","OKTA","GM","ROKU","BOX"],"gpt_icon":1},{"id":"2489129999","title":"Market Today: UnitedHealth Tragedy and Nvidia's EU Inquiry Highlight","url":"https://stock-news.laohu8.com/highlight/detail?id=2489129999","media":"GuruFocus","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489129999?lang=en_us&edition=fundamental","pubTime":"2024-12-05 06:32","pubTimestamp":1733351537,"startTime":"0","endTime":"0","summary":"Market Overview The S&P 500 advanced 36 points to reach a new record high. The Nasdaq Composite increased by 1.3% to a fresh all-time high, while the Dow Jones Industrial Average closed above 45,000 f","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.gurufocus.com/news/2623789/market-today-unitedhealth-tragedy-and-nvidias-eu-inquiry-highlight","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"gurufocus_highlight","symbols":["NVDS.UK","NVD3.UK","LU1496350171.SGD","IE00BFSS8Q28.SGD","LU0006306889.USD","MRVL","2NVD.UK","LU2357305700.SGD","DLTR","LU2242649171.HKD","NVDY","NVDX","SNVD.UK","OKTA","LU0175139822.USD","LU2264538146.SGD","LU2322448791.USD","LU0048573561.USD","LU0203201768.USD","LU0708995401.HKD","LU2237438978.USD","SG9999015945.SGD","NVDS","BK4141","NVDU","LU1815336760.USD","HPE","IE00BQXX3F31.USD","LU1145028129.USD","LU2272731600.USD","LU2552382132.HKD","NVD","MGK","PSTG","UNH","ET","CRM","IE00BJTD4N35.SGD","NVDD","LU2468319806.SGD","LU1935043536.SGD","3NVD.UK","NVDA","LU2250418816.HKD","LU0251131958.USD","NVD2.UK","LU1037948897.HKD"],"gpt_icon":1},{"id":"2489432891","title":"Sector Update: Tech Stocks Gain Wednesday Afternoon","url":"https://stock-news.laohu8.com/highlight/detail?id=2489432891","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489432891?lang=en_us&edition=fundamental","pubTime":"2024-12-05 02:49","pubTimestamp":1733338184,"startTime":"0","endTime":"0","summary":"Tech stocks gained Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1.5% and the SPDR S&P Semiconductor ETF (XSD) adding 0.7%.The Philadelphia Semiconductor index climbed 1","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4505","BK4567","LU1496350502.SGD","PSTG","BK4170","LU0980610538.SGD","LU1046421795.USD","BK4548","LU0820562030.AUD","BK7142","LU1823568750.SGD","LU1861215975.USD","LU2236285917.USD","LU2756315664.SGD","LU0820561909.HKD","IE00B19Z9505.USD","LU1814569148.SGD","BK4561","LU2272731600.USD","LU1064131342.USD","XSD","LU2244417387.USD","BK4535","LU2357305700.SGD","LU1992135399.USD","LU2360107168.USD","LU0251142724.SGD","IE00BZ1G4Q59.USD","MRVL","IE00BKVL7J92.USD","LU0082616367.USD","LU0943347566.SGD","LU1791710400.SGD","LU1496350171.SGD","LU2272731782.SGD","XLK","BK4141","LU2322448957.HKD","CRM","IE00B19Z8W00.USD","IE00BMPRXN33.USD","LU0742534661.SGD","LU1951198990.SGD","IE00BQXX3D17.EUR","BK4532","IE00BQXX3C00.GBP","LU0006306889.USD","CRM.AU","LU1861220033.SGD","BK4550"],"gpt_icon":1},{"id":"2489174071","title":"Pure Storage Stock Skyrockets 23.7% on Hyperscaler Deal--Analysts Predict More Gains Ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=2489174071","media":"GuruFocus.com","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489174071?lang=en_us&edition=fundamental","pubTime":"2024-12-05 01:17","pubTimestamp":1733332667,"startTime":"0","endTime":"0","summary":"Pure Storage  just landed a game-changing design win with one of the top-four hyperscalers, and Wall Street is buzzing. The deal cements Pure Storage's position as a major player in the high-stakes data storage market, leveraging its cutting-edge DirectFlash technology to dominate hyperscale environments. It's a big win for CEO Charles Giancarlo, who's been hinting at this breakthrough all year. Pair that with their Q3 results$831.1 million in revenue  and a 22% spike in subscription ARRand you've got a company firing on all cylinders. Oh, and they just raised Q4 guidance, signaling the momentum isn't slowing anytime soon.The Street isn't holding back on its enthusiasm. Needham, JPMorgan, and Guggenheim have all bumped their price targets to $75 or more, with Guggenheim going bold at $93. Analysts are predicting that this hyperscaler deal could start adding serious revenue by FY27 as deployments ramp up to over 10 exabytes. For now, Pure Storage is keeping expectations measured, estima","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/l5N90D3ptMP4xJDlInftww--~B/aD01MDA7dz01MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/1fc595558c59d62585d086633432d314","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/l5N90D3ptMP4xJDlInftww--~B/aD01MDA7dz01MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/1fc595558c59d62585d086633432d314"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/pure-storage-stock-skyrockets-23-171747505.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU2290526834.HKD","LU2360107168.USD","BK4585","LU1861215975.USD","BK4588","BK4170","LU1861220033.SGD","PSTG","LU0963586101.USD"],"gpt_icon":0},{"id":"2489111453","title":"Pure Storage's Hyperscaler Win Expected to Benefit Fiscal 2027 Sales, Wedbush Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2489111453","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489111453?lang=en_us&edition=fundamental","pubTime":"2024-12-05 00:53","pubTimestamp":1733331191,"startTime":"0","endTime":"0","summary":"Pure Storage  investors were focused on the company's win with a \"top 4 hyperscaler,\" a major milestone that is anticipated to increase sales in fiscal 2027, Wedbush said in a note Wednesday.The investment firm said Pure's hyperscaler win, which will see the customer integrate the company's DirectFlash modules, is expected to be margin accretive and, along with the company's partnership with CoreWeave, \"effectively expands [the company's] TAM into the cloud while diminishing risk.\"\"The initial deal could pave the way for additional CSP traction,\" Wedbush analysts said in the note. \"We see [Pure Storage's] solution as filling a potential future void in high capacity SSD availability, given industry challenges pairing strong QLC bits with capable controllers.\"Wedbush noted that Pure Storage did not elaborate on the financial implications of its hyperscaler win, although management said it now expects higher operating expenses in 2026 to reflect investments aimed at supporting the new cus","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["PSTG"],"gpt_icon":0},{"id":"2488132701","title":"Piper Sandler: Pure Storage hyperscaler win creates 'pure opportunity'","url":"https://stock-news.laohu8.com/highlight/detail?id=2488132701","media":"Investing.com","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2488132701?lang=en_us&edition=fundamental","pubTime":"2024-12-04 23:33","pubTimestamp":1733326396,"startTime":"0","endTime":"0","summary":"Investing.com --Piper Sandler upgraded Pure Storage  from Neutral to Overweight following a significant design win with a top-4 cloud hyperscaler.The analysts highlighted the deal as a game-changer, saying it creates a \"pure opportunity\" ahead that could generate over $500 million in revenue by 2026 and position the company for further growth in cloud and AI markets.The win, according to Piper Sandler, \"removes risk and creates a catalyst for upside ahead.\". The firm believes it also signals Pure Storage's growing differentiation in the market, with the large software deal showcasing its appeal to cloud players, particularly around AI use cases.Flash storage is gaining momentum, particularly in the cloud and AI sectors, where Pure's offerings are carving out a competitive edge, says Piper.\"The narrative shifts to Cloud&AI over STaaS,\" the analysts noted, adding that Pure Storage's shift away from its Storage-as-a-Service  transition has effectively eliminated a revenue headwind.\"We see","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/piper-sandler-pure-storage-hyperscaler-153316811.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["PSTG","LU1861220033.SGD","BK4170","LU1861215975.USD","BK4585","LU2360107168.USD","LU0963586101.USD","BK4588","LU2290526834.HKD"],"gpt_icon":0},{"id":"1173348659","title":"Top Calls on Wall Street: Pure Storage, Merck, GE Vernova, Coherent and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1173348659","media":"thefly","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1173348659?lang=en_us&edition=fundamental","pubTime":"2024-12-04 23:09","pubTimestamp":1733324943,"startTime":"0","endTime":"0","summary":"The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly.Top 5 Upgrades:HSBC ","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://thefly.com/landingPageNews.php?id=4032424&headline=PDCO;MRK;PSTG;PNW;MAC;TRMB;MTB;MSM;ALEC;ETR;DTE;GEV;ALGN;DOCS;GDRX;LFMD;SOLV;XRAY;HSIC;NVST;TALK;VEEV;HQY;COHR;GE-GE-Vernova-initiated-Merck-upgraded-Wall-Streets-top-analyst-calls&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"lsy1666364704704","symbols":["MRK","COHR","PSTG","GEV"],"gpt_icon":1},{"id":"2488197286","title":"Pure Storage Inc : Northland Capital  Raises Target Price to $63 From $59","url":"https://stock-news.laohu8.com/highlight/detail?id=2488197286","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2488197286?lang=en_us&edition=fundamental","pubTime":"2024-12-04 22:58","pubTimestamp":1733324330,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241204:nFWN3N51PG:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["LU2360107168.USD","PSTG","LU2290526834.HKD","BK4170","LU1861215975.USD","BK4585","LU0963586101.USD","LU1861220033.SGD","BK4588"],"gpt_icon":0},{"id":"2488011565","title":"Why Pure Storage Stock Is Skyrocketing Today","url":"https://stock-news.laohu8.com/highlight/detail?id=2488011565","media":"Motley Fool","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2488011565?lang=en_us&edition=fundamental","pubTime":"2024-12-04 22:53","pubTimestamp":1733323980,"startTime":"0","endTime":"0","summary":"Pure Storage's recent quarterly report arrived with plenty for investors to be excited about.","market":"fut","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F799861%2Fgettyimages-1248262649.jpg&op=resize&w=165&h=104","type":0,"news_type":0,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F799861%2Fgettyimages-1248262649.jpg&op=resize&w=165&h=104"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.fool.com/investing/2024/12/04/why-pure-storage-stock-is-skyrocketing-today/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"fool_stock","symbols":["BK4170","LU2360107168.USD","LU1861215975.USD","LU0963586101.USD","PSTG","LU2290526834.HKD","BK4585","BK4588","LU1861220033.SGD"],"gpt_icon":0},{"id":"2488970681","title":"Pure Storage rises 13.5%","url":"https://stock-news.laohu8.com/highlight/detail?id=2488970681","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2488970681?lang=en_us&edition=fundamental","pubTime":"2024-12-04 22:50","pubTimestamp":1733323832,"startTime":"0","endTime":"0","summary":"Pure Storage (PSTG) is up 13.5%, or $7.20 to $60.74. Published first on TheFly – the ultimate source for real-time, market-moving breaking financia...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/pure-storage-rises-13-5?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/pure-storage-rises-13-5?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4585","LU2360107168.USD","LU2290526834.HKD","LU1861215975.USD","BK4588","PSTG","LU0963586101.USD","BK4170","LU1861220033.SGD"],"gpt_icon":0},{"id":"2488722194","title":"Pure Storage Shares up 14.5% After Co Forecasts Q4 Revenue Above Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=2488722194","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2488722194?lang=en_us&edition=fundamental","pubTime":"2024-12-04 22:32","pubTimestamp":1733322749,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241204:nL3N3N512U:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["LU2290526834.HKD","LU2360107168.USD","BK4585","LU1861215975.USD","BK4588","BK4170","LU1861220033.SGD","PSTG","LU0963586101.USD"],"gpt_icon":0},{"id":"2489119313","title":"Pure Storage Q3 Earnings & Revenues Beat, Stock Up on Raised Outlook","url":"https://stock-news.laohu8.com/highlight/detail?id=2489119313","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489119313?lang=en_us&edition=fundamental","pubTime":"2024-12-04 22:20","pubTimestamp":1733322000,"startTime":"0","endTime":"0","summary":"Pure Storage PSTG reported third-quarter fiscal 2025 non-GAAP earnings per share  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, Flashblade//E and FlashArray//C solutions that empower users to transition their cost-sensitive workloads to all-flash storage. Strong growth in renewals of Evergreen subscriptions further fueled the expansion.One of the major highlights for Pure Storage in the quarter is a transformational design win for its DirectFlash technology with a top-four hyperscaler. This milestone allows PSTG to become the standard for hyperscaler online storage, offering top performance, scalability, lower costs and re","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/yXsbsa3DPjBLglDEW_OuXg--~B/aD0zNzI7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/30e8d49d341918798582bb0049597a11","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/yXsbsa3DPjBLglDEW_OuXg--~B/aD0zNzI7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/30e8d49d341918798582bb0049597a11"],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/pure-storage-q3-earnings-revenues-142000410.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["PSTG"],"gpt_icon":0},{"id":"2488919904","title":"Pure Storage price target raised to $70 from $68 at Lake Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2488919904","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2488919904?lang=en_us&edition=fundamental","pubTime":"2024-12-04 21:55","pubTimestamp":1733320508,"startTime":"0","endTime":"0","summary":"Lake Street raised the firm’s price target on Pure Storage (PSTG) to $70 from $68 and keeps a Buy rating on the shares. Pure’s Q3 print will be rem...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/pure-storage-price-target-raised-to-70-from-68-at-lake-street?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/pure-storage-price-target-raised-to-70-from-68-at-lake-street?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["PSTG"],"gpt_icon":0}],"pageSize":16,"totalPage":13,"pageCount":7,"totalSize":200}]}}