2023-04-09 01:28:47 ET
Summary
- Among technology stocks, Pure Storage belongs to the "boring" pile, but it has done extremely well for itself as a business.
- The company's march toward profitability was slow but steady.
- The company has been able to achieve growth through a clean balance sheet, but its SBC has been quite dilutive.
- The company faces intense competition in its core offerings, and the next wave of growth could be much harder.
- PSTG stock will be on my radar, and I would be a buyer under certain scenarios.
For further details see:
Pure Storage: The Good And The Bad