Pure Storage +4% after Pac Crest says it has a ‘new disruption opportunity’

Pure Storage (NYSE:PSTG) is up solidly in midday trading following a note from Pacific Crest, saying it believes the company has a “new disruption opportunity” fueled by the growth of a new type of software workload. After meeting with Pure Storage’s co-founder and chief architect, Pac Crest says the company has developed a new platform which could address new workload requirements for machine learning, enabling developers to program large amounts of infrastructure. Pac Crest is bullish on machine learning. Pac Crest reiterates its Overweight rating and $24 PT on the stock. Now read Pure Storage Valuation Should Worry Investors


Link to Full Article: Pure Storage +4% after Pac Crest says it has a ‘new disruption opportunity’