Pure Storage, Inc. (NYSE:PSTG) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $15.86–$17.89 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen five positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Pure Storage. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Pure Storage currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Computer and Technology sector is NetApp, Inc. (NASDAQ:NTAP) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is PSTG going up? Or down? Predict to see what others think: Up or Down.
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NetApp, Inc. (NTAP): Free Stock Analysis Report
Pure Storage, Inc. (PSTG): Free Stock Analysis Report
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