Why Pure Storage Stock Is Soaring After Its Results While Data Storage Rival NetApp Wavers

Published 2 months ago Positive
Why Pure Storage Stock Is Soaring After Its Results While Data Storage Rival NetApp Wavers
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Pure Storage stock soared to record highs Thursday after the company posted stronger-than-expected fiscal second-quarter results. Meanwhile, shares of rival enterprise data storage firm NetApp are wavering after the company failed to offer similar upside to Wall Street's forecast in its quarterly results. Pure Storage said in a late Wednesday news release that it earned an adjusted 43 cents per share on sales of $861 million for its fiscal second quarter, which ended Aug. 3.

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