Taylor Frigon Capital Management LLC Decreases Position in Pure Storage by 4.8% in Q1

🌥️Trending News

It offers an array of flash-based solutions that enable customers to store, manage and analyse large amounts of data quickly and reliably. The company’s flagship product, the FlashArray//X, has been recognised as one of the most innovative and highest performing all-flash arrays on the market. Besides its technological offerings, Pure Storage ($NYSE:PSTG) also provides services such as engineering, educational, and professional support services.

Its solutions are used by a wide range of organisations in different sectors, including healthcare, financial services, media, technology, and telecommunications. With its products and services, Pure Storage has been recognised as a leader in data storage technology and continues to be a strong competitor in the industry.

Analysis

At GoodWhale, we conducted an analysis of PURE STORAGE‘s fundamentals and found that it is classified as a ‘gorilla’ – a type of company that has managed to achieve stable and high revenue or earning growth due to its strong competitive advantage. This makes it an attractive investment for investors looking for long-term growth potential. Additionally, our Star Chart shows that PURE STORAGE is strong in terms of growth and profitability, medium in terms of assets and weak in terms of dividend yields. Moreover, it has a high health score of 8/10 with regard to its cashflows and debt, which gives us confidence that the company will be able to sustain future operations in times of crisis. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Pure Storage. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Pure Storage. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Pure Storage. More…

Key Ratios Snapshot

Some of the financial key ratios for Pure Storage are shown below. More…

Peers

Its competitors, Cambex Corp, Wiwynn Corp, and NetApp Inc, are all providers of flash-based storage solutions.

– Cambex Corp ($OTCPK:CBEX)

Cambex Corp is a publicly traded company with a market capitalization of 468.58k as of 2022. The company has a return on equity of -9.55%. Cambex Corp is engaged in the business of providing engineering and environmental consulting services.

– Wiwynn Corp ($TWSE:6669)

Wiwynn Corp is a leading provider of data center solutions. Its products and services are used by some of the largest companies in the world. The company has a market cap of 113.47B as of 2022 and a return on equity of 29.23%. Wiwynn is a publicly traded company on the Nasdaq Stock Market under the ticker symbol WYNN.

– NetApp Inc ($NASDAQ:NTAP)

NetApp Inc. is a publicly traded data storage and data management company headquartered in Sunnyvale, California. The company offers a variety of software-defined storage and data management solutions for on-premises and cloud environments. NetApp was founded in 1992 and went public in 1995. The company has a market capitalization of $13.58 billion as of 2022 and a return on equity of 100.42%. NetApp’s products and services are used by a variety of customers, including enterprise, government, and education organizations.

Summary

Investors considering Pure Storage, Inc. may want to take note of Taylor Frigon Capital Management LLC’s recent position reduction in the company’s stock. In the first quarter, Taylor Frigon reduced their holdings by 4.8%. This could be interpreted as a sign that the firm is concerned about the company’s prospects or potential downside in the near future. Investors may want to consider evaluating the company’s financials and compare them with other companies in the space before making any decisions about investing in Pure Storage.