- Pure enjoys a leadership position in data storage including all-flash hardware and software products.
- In addition to focusing on revenue growth, I also consider the profitability metric for the last reported quarter, Q2, using both GAAP and Non-GAAP formats.
- Competition remains strong, but, at this juncture, there is no reason to believe that there is a threat to the company's leading position.
- To this end, management has issued strong guidance for Q3 whose financial results will be soon published on November 23.
- Valuations are high, and the company remains a buy and hold, in view of capacity to scale up and grab market share from the competition.
For further details see:
Pure Storage: No Threat To Leadership Position