Shares of data center storage rivals Pure Storage Inc. and NetApp Inc. took a hit in extended trading today, despite posting earnings and revenue that beat expectations, but both companies were completely overshadowed by Nutanix Inc. Nutanix crushed Wall Street’s estimates, sending its stock soaring more than 15% after-hours. Pure Storage’s stock fell more than 16% … Read more
Shares of data center storage rivals Pure Storage Inc. and NetApp Inc. took a hit in extended trading today, despite posting earnings and revenue that beat expectations. Pure Storage’s stock fell more than 16% in the after-hours market action, while NetApp’s were down over 5% after both companies warned of longer sales cycles. Both companies … Read more
Data center infrastructure providers Nutanix Inc. and Pure Storage Inc. are experiencing contrasting fates as they offer different outlooks for the current quarter. Nutanix’s shares dropped over 16% after-hours due to guidance below Wall Street’s expectations, while Pure saw a more than 9% increase in shares after surpassing forecasts. Nutanix reported mixed results for the … Read more
Chipmaker Broadcom Inc. is reportedly looking to offload VMware Inc.’s End User Compute business to the private equity firm KKR & Co Inc. in a deal worth $3.8 billion. Reuters said Saturday that the proposed deal is the latest in a series of moves by Broadcom Chief Executive Hock Tan to streamline its business operations … Read more