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Fly News Breaks for April 17, 2019
PSTG
Apr 17, 2019 | 09:05 EDT
Recent checks indicate "steady momentum" in Pure Storage's April quarter and "deepening channel loyalty," William Blair analyst Jason Ader tells investors in a research note. The analyst sees a "cult-like following among Pure's customer base, and a vendor successfully transitioning from a one-trick pony to a multi-product story." Contrary to investor concerns, the analyst beeves Pure should be a "key beneficiary" of NAND cost declines. These declines will catalyze increased adoption of all-flash arrays this year as the price gap narrows between them and hybrid, Ader contends. He keeps an Outperform rating on Pure Storage.
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