Pure Storage (PSTG) is a Mountain View, California-based enterprise data flash storage company founded in 2009.
Reported after close today (5/25/16) Earnings: EPS -$0.22 Revenue $139.9M Estimates: EPS -$0.23 Revenue $137M Down 16.38% after hours
Analyst Upgrade/Downgrade Update Brokerage firm: JP Morgan Change: Coverage Initiated Previous Rating: N/A Current Rating: Neutral Previous Price Target: N/A Current Price Target: $13
Pure Storage shares are trading higher after the company reported better-than-expected Q3 EPS and sales results and issued Q4 and FY22 sales guidance above estimates. Nov 24, 2021 8:03a ET
Meta Launches Next-Gen AI Supercomputer: All You Need To Know 1:04 pm ET January 24, 2022 (Benzinga) Print Meta Platforms Inc (NASDAQ: FB) touts its AI Research SuperCluster (RSC), among the fastest AI supercomputers running today and will be the fastest in the world once fully built out in mid-2022. Several hundred people, including researchers from partners NVIDIA Corp (NASDAQ: NVDA), Penguin Computing Inc, and Pure Storage Inc (NYSE: PSTG), were involved in the two-year project, the Wall Street Journal reports. AI can currently perform tasks like translating text between languages and helping identify potentially harmful content. However, developing the next generation of AI will require powerful supercomputers capable of quintillions of operations per second. RSC will help Meta’s AI researchers build better AI models that can learn from trillions of examples, paving the way toward building technologies for the metaverse, where AI-driven applications and products will play an important role. Price Action: FB shares traded lower by 2.8% at $294.71 on the last check Monday. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.