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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 243.50-14.0%Nov 13 3:59 PM EST

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From: Sam5/22/2019 1:15:12 PM
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Pure Storage Puts Hot as Stock Heads Toward Worst Day Ever
Pure Storage reported a wider-than-expected Q1 loss
by Karee Venema

Published on May 22, 2019 at 10:16 AM

Pure Storage Inc (NYSE:PSTG) stock is down 21% at $16.28 -- sinking back toward its late-December lows, and pacing toward its worst day ever. Last night, the data storage name reported a wider-than-anticipated adjusted first-quarter loss of 11 cents per share on $326.7 million in revenue, less than analysts were expecting. PSTG also gave weak revenue guidance for the current quarter and full year.

continues at schaeffersresearch.com
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