Scalper1 News
A tectonic shift in computing architecture is seen creating ideal market conditions for a next-generation storage franchise, prompting Pacific Crest Securities to initiate coverage on Pure Storage (PSTG) with an overweight rating. Pure Storage makes flash-chip-based storage arrays for the enterprise market. The company raised $425 million with an initial public offering on Oct. 6 that priced 25 million shares at 17. Pacific Crest analyst Brent Scalper1 News
Scalper1 News