Stocks and Investing Stocks and Investing
Thu, December 5, 2024
[ 04:01 AM ] - Thomas Matters
Google's new gen AI video model Veo available on Vertex AI private preview
[ 03:31 AM ] - Thomas Matters
3 ASX 300 shares with ex-dividend dates before the end of 2024
[ 03:31 AM ] - Thomas Matters
2 high-yield ASX dividend shares for Australian retirees
[ 03:31 AM ] - Thomas Matters
5 things to watch on the ASX 200 on Thursday
[ 03:01 AM ] - Thomas Matters
Dow Jones Futures: Bitcoin Hits $100,000; Nvidia Ready To Run?
[ 03:01 AM ] - Thomas Matters
Here's Why Dave Inc. (DAVE) is a Great Momentum Stock to Buy
[ 03:01 AM ] - Thomas Matters
Tony Robbins: These 3 Investments Can Make You Rich
[ 03:01 AM ] - Thomas Matters
CMC Invest launches a flexible Isa - here's how i .. mes the latest platform to offer tax-free account
[ 03:01 AM ] - Thomas Matters
News Highlights: Top Company News of the Day - Thursday at 1 AM ET
[ 01:45 AM ] - MSN
Here are the top 10 ASX 200 shares today
[ 01:45 AM ] - The Motley Fool
Why Intuitive Machines Stock Just Crashed 14%
[ 01:45 AM ] - The Motley Fool
Why C3.ai Stock Soared 51% in November
[ 01:44 AM ] - The Daily Telegraph
In 1964, we recommended five shares - we'd buy these again today
[ 01:44 AM ] - Seeking Alpha
The Cost Of Euphoria: Why Palantir's Rally Could Be A Mirage
[ 01:44 AM ] - Motley Fool Australia
1 Australian energy stock to buy confidently and 1 to avoid for now
[ 12:01 AM ] - Thomas Matters
Best mid cap mutual funds to invest in December 2024
[ 12:01 AM ] - Thomas Matters
Top Australian financial stocks to buy now
Wed, December 4, 2024
[ 11:31 PM ] - Thomas Matters
Billionaire Ken Griffin Just Increased Citadel's Position in This Unstoppable ETF by 277%
[ 11:31 PM ] - Thomas Matters
Top AI Stocks For 2024: Investment Tips From An Expert
[ 11:01 PM ] - Thomas Matters
Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
[ 11:01 PM ] - Thomas Matters
Traders Focus On Central Bank Action in India After Poor GDP Growth
[ 10:31 PM ] - Thomas Matters
Top oil and gas stocks to buy now in Australia
[ 10:31 PM ] - Thomas Matters
Brokers Suggest Investing in MakeMyTrip (MMYT): Read This Before Placing a Bet
[ 10:31 PM ] - Thomas Matters
SIMON BROWN: Yes, buy top stocks for the bottom drawer
[ 10:31 PM ] - Thomas Matters
2 Dividend-Paying Stocks Suze Orman Says To Consider Investing In
[ 10:03 PM ] - Thomas Matters
10 Of The Best Investment Apps For Android Users (According To User Rating)
[ 10:03 PM ] - Thomas Matters
Understanding The Difference Between Value VS. Market Cap Weighted
[ 10:02 PM ] - Thomas Matters
Why Janux Therapeutics Crushed the Market Today
[ 10:02 PM ] - Thomas Matters
Where Will Dogecoin Be in 1 Year?
[ 10:02 PM ] - Thomas Matters
Why Pure Storage Stock Is Skyrocketing Today

Why Pure Storage Stock Is Skyrocketing Today


Published on 2024-12-04 22:02:38 - Thomas Matters, WOPRAI
  Print publication without navigation

  • Pure Storage published its third-quarter earnings results after the market closed yesterday and posted sales and earnings that beat the market's expectations. In addition to top- and bottom-line beats in Q3, the company also issued encouraging forward guidance and detailed contract wins with cloud hyperscaler customers.

The article from The Motley Fool discusses the significant surge in Pure Storage's stock price, which jumped by 26% in pre-market trading. This increase was triggered by the company's announcement of a robust third-quarter earnings report. Pure Storage reported a 13% year-over-year revenue growth, reaching $762 million, and an impressive 346% increase in adjusted earnings per share to $0.50. The company also raised its full-year revenue guidance to between $2.825 billion and $2.835 billion, surpassing analysts' expectations. Key factors contributing to this performance include strong demand for their FlashArray and FlashBlade products, as well as the introduction of new services like Evergreen//One and Evergreen//Flex, which offer subscription-based storage solutions. Additionally, Pure Storage's strategic focus on AI and machine learning applications has positioned it well in the evolving data storage market, further fueling investor confidence.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/04/why-pure-storage-stock-is-skyrocketing-today/ ]
Contributing Sources