Summary Pure achieved strong operating results in its fiscal Q2. The company guided down revenue growth, primarily because of commodity cost declines and in the interest of prudence. The company did not guide down EPS. Bookings growth, not a metric used by the company-showed growth of 33% and accelerated from Q1 growth. The company accelerated…
As we indicated last evening we have made changes in the high-growth portfolio as follows: We sold 1000 shares of Pivotal (PVTL) at the opening price this morning of $14.20. This raised $14,200 of cash. We bought 500 shares of Pure Storage-again at the opening price this morning of $13.17. This cost $6600. And we…
We have recommended Pure Storage for some time now and recently added it to our high-growth portfolio in the wake of the company’s latest share price disaster. While the company has shown reasonable growth, the share price has basically not correlated to the company’s operational performance. So far in 2019 the shares are down a…
Pure Storage announced its results on the afternoon of 5/21. The results were below expectations-not by a great amount, to be sure, but below what the company had expected to achieve, and as a result, earnings suffered. The shares, as I write this are down by about 18%+. The company said it reduced guidance as…
Summary Pure shares have languished for many quarters now while the company has continued to achieve 30%+ top-line growth. The company’s newest offerings which include ObjectEngine, Direct Flash Fabric and ES2 seem to be dramatically underappreciated by many industry analysts. The company announced one of the largest orders in its history with a Global System…
Guidewire is a frustrating company about which to write. Many company’s provide prudent guidance-Guidewire takes that concept to an extreme. There is value in Guidewire as a company, but its guidance coupled with the complexity of its operating performance can make an investment in the shares more than a bit frustrating. There is no urgency…