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Pure Storage (PSTG) Data Storage Platform Used by Bloomington
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Pure Storage (PSTG - Free Report) recently announced that the city of Bloomington is deploying its data storage solutions to provide modernized digital services to the citizens.
Bloomington, located in Central Illinois, has a population of 80000 residents. Apart from being a productive agricultural region, its economy is powered by a range of other sectors, including manufacturing, medicine, education and entertainment.
The city has made significant efforts to upgrade its IT infrastructure by embracing PSTG’s data storage platform through the latter’s Evergreen//Flex subscription. The strategic move resulted in a drastic reduction of its data center footprint by 85% (as storage in the data center has gone down to 7U from 48U earlier), enabling financial flexibility and improving overall IT performance.
This will aid the city's IT team to direct its attention to other critical city operations, such as data retention policies contributing to regional efforts to boost the local economy.
By utilizing Pure Storage FlashArray via an Evergreen//Flex subscription, Bloomington is required to pay solely for the storage used while simultaneously gaining ownership of on-premises storage. Also, the Pure1 AIOps management console facilitates visibility into the storage environment.
Further, PSTG highlighted that the increasing usage of police body cameras was contributing to data growth for the city.
With the deployment of highly optimized Pure Storage FlashArray, public safety videos are now stored on this platform and can be quicky made available to the city for deriving vital public safety information.
Headquartered in Mountain View, CA, PSTG provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. The company offers its products and services on a subscription basis through Evergreen//One and Cloud Data Services.
For fiscal 2024, the company generated revenues of $2.8 billion, up 3% year over year. Management noted that TCV sales for Evergreen//One and Evergreen//Flex exceeded $400 million in fiscal 2024.
At present, Pure Storage carries a Zacks Rank #3 (Hold). Shares of the company have gained 111.4% compared with the sub-industry’s growth of 184.2%.
Image Source: Zacks Investment Research
Stocks to Consider
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1 (Strong Buy), delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVDA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Pinterest (PINS - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered a trailing four-quarter average earnings surprise of 37.42%. In the last reported quarter, PINS pulled off an earnings surprise of 3.92%.
The company is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising platform, which presently appears to be one of the best ad platforms for consumer discretionary brands looking for new ways to reach customers and stretch smaller ad budgets.
AudioCodes Ltd. (AUDC - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 20.1%, on average, in the trailing four quarters.
AudioCodes offers advanced communications software, products, and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world. The company is headquartered in Lod, Israel.
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Pure Storage (PSTG) Data Storage Platform Used by Bloomington
Pure Storage (PSTG - Free Report) recently announced that the city of Bloomington is deploying its data storage solutions to provide modernized digital services to the citizens.
Bloomington, located in Central Illinois, has a population of 80000 residents. Apart from being a productive agricultural region, its economy is powered by a range of other sectors, including manufacturing, medicine, education and entertainment.
The city has made significant efforts to upgrade its IT infrastructure by embracing PSTG’s data storage platform through the latter’s Evergreen//Flex subscription. The strategic move resulted in a drastic reduction of its data center footprint by 85% (as storage in the data center has gone down to 7U from 48U earlier), enabling financial flexibility and improving overall IT performance.
This will aid the city's IT team to direct its attention to other critical city operations, such as data retention policies contributing to regional efforts to boost the local economy.
By utilizing Pure Storage FlashArray via an Evergreen//Flex subscription, Bloomington is required to pay solely for the storage used while simultaneously gaining ownership of on-premises storage. Also, the Pure1 AIOps management console facilitates visibility into the storage environment.
Further, PSTG highlighted that the increasing usage of police body cameras was contributing to data growth for the city.
With the deployment of highly optimized Pure Storage FlashArray, public safety videos are now stored on this platform and can be quicky made available to the city for deriving vital public safety information.
Headquartered in Mountain View, CA, PSTG provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. The company offers its products and services on a subscription basis through Evergreen//One and Cloud Data Services.
For fiscal 2024, the company generated revenues of $2.8 billion, up 3% year over year. Management noted that TCV sales for Evergreen//One and Evergreen//Flex exceeded $400 million in fiscal 2024.
At present, Pure Storage carries a Zacks Rank #3 (Hold). Shares of the company have gained 111.4% compared with the sub-industry’s growth of 184.2%.
Image Source: Zacks Investment Research
Stocks to Consider
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1 (Strong Buy), delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVDA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Pinterest (PINS - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered a trailing four-quarter average earnings surprise of 37.42%. In the last reported quarter, PINS pulled off an earnings surprise of 3.92%.
The company is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising platform, which presently appears to be one of the best ad platforms for consumer discretionary brands looking for new ways to reach customers and stretch smaller ad budgets.
AudioCodes Ltd. (AUDC - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 20.1%, on average, in the trailing four quarters.
AudioCodes offers advanced communications software, products, and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world. The company is headquartered in Lod, Israel.