Tag Archives: request

Pure Storage Maintains Hot Streak As Q4 Earnings, Q1 Outlook Beat

Pure Storage ( PSTG ) kept its string of triple-digit revenue growth alive and posted fourth-quarter earnings after the close Wednesday that beat Wall Street estimates, as did its Q1 outlook. Pure Storage reported revenue of $150.2 million, up 128% from the year-earlier quarter and soundly beating the consensus estimate of $138.6 million. It was the ninth quarter in a row of triple-digit gains. The company reported a per-share loss minus items of 12 cents, vs. the consensus estimate for a 16-cent loss, as polled by Thomson Reuters, for the period ended Jan. 31. Pure Storage stock, which rose 5% to 15.71 in regular trading, was up another 5% in after-hours trading, after the company released its earnings. For Q1, Pure Storage forecast revenue of $135 million to $139 million, above the $130.5 million analyst consensus. For the year, Pure Storage expects revenue of $685 million to $725 million. The consensus is $667 million. “We delivered our best ever quarter in Q4, concluding another record setting year for Pure Storage,” company CEO Scott Dietzen said in the earnings release . “The business continues to run on all cylinders, fueled by the rapid worldwide adoption of FlashArray combined with improved operating efficiency as we scale.” The company grew its customer base by more than 120% over the past year to more than 1,650 organizations, it said. Pure Storage provides flash-chip-based storage systems for the enterprise market, a cutting-edge technology that is making life difficult for storage leaders EMC ( EMC ) and NetApp ( NTAP ). CEO Dietzen says that the data storage industry is on the cusp of a revolutionary change that Pure aims to lead. But a recent report from Summit Research said that while Pure Storage has cutting-edge data technology, it will face an uphill battle trying to dislodge EMC and NetApp.

Apple Working On Dual-Camera iPhone 7 Plus Smartphone: Analyst

Apple is testing two designs for its upcoming iPhone 7 Plus handset: one with a traditional single rear-facing camera and the other with a dual-camera design, KGI Securities analyst Ming-Chi Kuo said in a research note. The benefits of the dual-camera setup include faster speed, better resolution (especially in low light conditions) and the ability to incorporate 2-3x optical zoom. The dual-lens camera system would take advantage of imaging algorithms that Apple acquired in its purchase last year of Israeli camera technology firm LinX Imaging, MacRumors reported . Kuo says Apple will release both versions of the iPhone 7 Plus into the market. If that happens, Apple’s lineup of new smartphones could be four models: the rumored 4-inch iPhone SE, the 4.7-inch iPhone 7, and two models of the 5.5-inch iPhone 7 Plus. The iPhone SE is expected to be unveiled at a media event this month, and the iPhone 7 series phones would follow in the fall. Some industry observers are referring to the premium dual-camera smartphone as the iPhone 7 Pro, Forbes reported . Dual-camera smartphones were a big topic of conversation among handset vendors at the Mobile World Congress in Barcelona last week. In a research report, investment bank Morgan Stanley said Apple and China’s Huawei are likely to drive the market for dual-cam smartphones. Huawei and LG Electronics both released dual-camera smartphones late last year. RELATED: Apple Going Small With Spring Product Announcements .

This Could Signal Apple’s Car Ambitions Are Moving Forward

Loading the player… Apple ’s ( AAPL ) car ambitions look to be moving forward. The tech titan apparently is “significantly ramping” its electric-car project, which could one day compete with the likes of Tesla Motors ( TSLA ), Alphabet ( GOOGL )-owned Google, China’s Baidu ( BIDU ) and even General Motors ( GM ). Apple has leased a 96,000-square-foot facility in Silicon Valley’s Sunnyvale, according to multiple reports, with some speculating that the company is using the space for its “Project Titan” car project. Meanwhile, Fiat Chrysler ( FCAU ) CEO Sergio Marchionne said at the Geneva International Motor Show today that his company would be well-suited to partner with Apple in building the tech company’s electric car. Apple has recruited a large number of auto experts, with specializations ranging from batteries to autonomous driving, but it has yet to publicly confirm any of its plans. Because of that, we still have no idea what an Apple car would look like. Some industry experts say there’s no question that Apple will build a car . The rumored ship-date target is 2019. Earlier this month, Apple received a car-related patent for a mobile device sensor to “determine when the user is in a vehicle that is driving.” But Apple could be hitting roadblocks. In January, reports said that Steve Zadesky, who has led Apple’s e-car efforts, was stepping down . Apple closed up 0.2% to 100.75 in below-average volume on the stock market today . Shares are holding above their 50-day line after retaking that level yesterday, and tested support at the 100 price level. Alphabet dropped below its 50-day line in intraday trade, after climbing above that area in Tuesday’s session, and closed right at that level with a 0.4% loss. Baidu looked for support at its 200-day line, falling 1.8%. And GM, nearing its 50-day line, rose 0.5%.