Two cloud-based software stocks are making moves today, for two very different reasons. Atlassian Corp (NASDAQ:TEAM) was upgraded to "overweight" from "neutral" at Piper Sandler, while Pure Storage Inc (NYSE:PSTG) was downgraded by UBS to "sell" from "neutral." Atlassian Up Off the Mat The analyst in coverage at Piper Sandler also hiked their price target to $225 from $200, and is bullish on the risk/reward setup, calling Atlassian "one of the most durable companies in our coverage." TEAM was last seen up 2 ...

It has been about a month since the last earnings report for Pure Storage (PSTG) . Shares have added about 3.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Pure Storage due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Pure Storage Q1 Earnings Beat Estimates ...

Pure Storage (PSTG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this data storage company have returned +0.6% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Computer- Storage Devices industry, to which Pure Storage belongs, has gained 1.4% over this period. Now the key question is: Where could the stock be headed in the near term? While ...

Pure Storage NYSE: PSTG is riding a wave of demand, with revenue rising and margins expanding. The combination has lifted the stock price by 500% since the 2020 low and by 100% in the last six months. Because the latest earnings report included accelerating results, showing momentum building, and profits growing, this stock could rise by 100% again. The caveat for investors is that the ride to new highs won’t come in a straight line, and price corrections will come. The takeaway is that this budding large-c ...

Pure Storage, Inc’s (PSTG) shares have been performing well on the trading front, with a gain of 76.1% year to date compared with 14.6% growth of the S&P 500 composite. Solid financial performance is driving a good run on the trading front. The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average surprise of 24.99%. The stock is still down 10.8% from its 52-week high level of $70.41. Headquartered in Mountain View, CA, Pure Storage provides software ...

Pure Storage, Inc. (PSTG) recently announced three cutting-edge Storage-as-a-Service (STaaS) service-level agreements (SLAs) for the Pure Storage platform to aid enterprises in ensuring data protection and infrastructure resilience. The initiative is likely to allow businesses to guarantee results and cut down risk in their critical data infrastructure. As AI is bringing significant changes to the business world, both for better and for worse, the rise in cyber attacks is becoming prominent. Therefore, the ...

Seven customers honored at Pure//Accelerate 2024 for innovative use of the Pure Storage platform among 12,500+ global customers LAS VEGAS, June 21, 2024 /PRNewswire/ -- Pure Storage //Accelerate -- Today at Pure//Accelerate® 2024, Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced the winners of its fourth annual Pure Storage Breakthrough Awards. The Awards recognize Pure Storage customers displaying extraordinary innovation, cre ...

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Extends STaaS leadership, now with 10 concurrent SLAs, the industry's most comprehensive set of service level agreements LAS VEGAS, June 19, 2024 /PRNewswire/ -- Pure Storage//Accelerate -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced three new advanced Storage as-a-Service (STaaS) service-level agreements (SLAs) for the Pure Storage platform - cyber recovery and resilience and site rebalance - further empowering org ...

AI Storage as-a-Service and other solutions showcased at //Accelerate deliver the best foundation for AI and cyber resilience LAS VEGAS, June 19, 2024 /PRNewswire/ -- Pure Storage//Accelerate - Pure Storage® (NYSE:PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, today announced new capabilities in the Pure Storage platform that are changing the game for how IT and business leaders can radically improve their ability to deploy AI, improve cyber resilience, ...