Why Pure Storage Was Rallying Today
Shares of Pure Storage (NYSE: PSTG) were on the rise today, up 6.4% as of 2:06 p.m. EST. The company, which makes storage-related software and hardware for enterprise, hybrid, and cloud-data centers, got a lift today after rival (NASDAQ: NTAP) reported better-than-expected earnings and guidance last night.
Pure Storage will report after market close today, so investors may be trying to get in ahead of more good news.
The enterprise-storage industry has been in a bad slump for the past year to 18 months; however, NetApp's better-than-feared results and guidance for some quarter-over-quarter improvements seem to indicate the industry is troughing and may be turning up.
Source Fool.com
NetApp Inc. Aktie
97,23 €
0,97 %
Durchaus positiv bewertet unsere Community derzeit NetApp Inc. mit 8 Buy-Einschätzungen und 2 Sell-Einschätzungen.
Für NetApp Inc. ergibt sich ein negatives Potenzial von -6.41%, obwohl das Kursziel von 91 € unter dem aktuellen Kurs von 97.23 € liegt.
