Latest news with #flashstorage
CNET
2 days ago
- Business
- CNET
Don't Let These Last-Minute Prime Day Sales on Excellent SSD Storage Slip Away
Amazon Prime Day is hours from being over, but you can still take advantage of deals, and there's one collection that looks particularly cart-pleasing. SanDisk is offering a bunch of its flash storage options with discounts anywhere from 15% to 40%. You can see the full list here, but my favorite is the SanDisk Extreme Pro 2TB for $170, an upgraded model to the Extreme SSD we picked as the best external hard drive. It's down 38% today from its usual $273 list price. These SanDisk Extreme models have tough weather resistance ratings so photographers, GoPro fans and many others can take them along on adventures. When reviewing the similar Extreme model, CNET's David Carnoy said, "Sarah Tew, CNET's photographer here in New York, shoots tons of products for me. But rarely have I seen her as excited about a product as SanDisk's new Extreme Portable SSD." Carnoy praised the Extreme's IP55 rating (which this Pro model upgrades to IP65) and extra-speedy transfer speeds which he tested with his own work videos. If you're looking for something smaller and keychain-friendly for the office or study room, the Extreme Pro USB model is nearly 40% off as well, down to $90 with a chapstick design that fits easily in any pocket. Or if you were thinking more about internal storage, I've got a deal for that too: This massively powerful 8TB SanDisk WD_Black SSD is 40% off, saving you a whopping $340 on your next big PC upgrade, ideal for media centers or professionals who work with a lot of content. There are plenty other SanDisk deal too, from microSD cards to laptop plugins, all in one spot for this Prime Day Sale. SanDisk sales extend to internal upgrades, too. SanDisk Why these SanDisk deals are great SSD storage can be expensive, especially for the bigger upgrades, and it's rare to find so many discounts in one spot. There's a deal for every kind of user with SanDisk's well-known brand quality backing each of them up. Grab these deals while they are still there as the end of Amazon Prime Day counts down.
Yahoo
23-06-2025
- Business
- Yahoo
Pure Storage, Inc. (PSTG): A Bull Case Theory
We came across a bullish thesis on Pure Storage, Inc. on High Growth Investing's Substack by Stefan Waldhauser. In this article, we will summarize the bull's thesis on PSTG. Pure Storage, Inc.'s share was trading at $51.58 as of June 20th. PSTG's trailing and forward P/E ratios were 135.74 and 28.90, respectively, according to Yahoo Finance. A futuristic datacenter with servers and high-tech equipment, signifying the company's cutting-edge digital technology. Pure Storage (PSTG) has delivered remarkable returns over the past five years, rising over 400% and recently tripling within 12 months to an all-time high. This sharp appreciation followed strong Q1 FY25 results, with 18% revenue growth, a rebound from a weak prior-year quarter. The company's shift toward subscription-based revenues continues, with recurring revenue reaching $1.4 billion and comprising half of total sales. Profitability has improved significantly, with a 14.5% non-GAAP operating margin and 25% free cash flow margin in Q1. Pure Storage is transitioning from a hardware vendor to a software-like business, demonstrated by its 20% R&D spend, rivaling software peers. While FY25 guidance calls for 10% revenue growth and improved GAAP profitability, the stock's recent surge is also driven by broader tailwinds. The declining relevance of traditional disk storage and the growing cost-efficiency and energy savings of flash storage, bolstered by products like FlashArray E, are accelerating industry-wide adoption. Although Pure has seen limited hyperscaler adoption, discussions with major players like Google and AWS are advancing, and the company hopes to secure a design win this year. However, CEO optimism on this front raises execution risk. Concerns also persist over high stock-based compensation, which has led to nearly 40% shareholder dilution over six years, muting per-share gains. At an EV/FCF of 33 and EV/Sales above 6, the stock appears richly valued. While the author has trimmed exposure after significant gains, Pure remains a long-term holding given its leadership in flash storage and potential to become a dominant player in the global data storage market. Previously, we covered a bullish thesis on Pure Storage, Inc. by Magnus Ofstad in March 2025, which highlighted the company's expanding subscription revenue base, strong margins, and market overreaction to conservative FY26 guidance. The company's stock price has appreciated by approximately 5% since our coverage. This is because the core thesis held, but macro fears capped upside. The thesis still stands as Pure Storage's fundamentals remain intact, and long-term growth drivers are unchanged. Stefan Waldhauser shares a similar view but emphasizes Pure's historical performance, improved profitability, and the strategic shift toward energy-efficient flash storage amidst rising AI demand. Pure Storage, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 34 hedge fund portfolios held PSTG at the end of the first quarter, which was 30 in the previous quarter. While we acknowledge the risk and potential of PSTG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Sign in to access your portfolio
Yahoo
18-06-2025
- Business
- Yahoo
BofA starts Sandisk at Buy on margin upside, NAND recovery prospects
-- Sandisk Corp was initiated with a Buy rating and a price objective of $61 by BofA, which sees the flash storage maker as a key beneficiary of an early-stage recovery in NAND pricing and improving operating margins. Sandisk's shares were up 5% at $46.55. BofA's $61 price target implies more than a 30% upside. The brokerage cited several tailwinds behind its bullish view, including a more favorable supply-demand balance in the NAND market, the potential for operating leverage as pricing improves, and Sandisk's exposure to relatively resilient end markets. Sandisk, a major developer of NAND-based data storage devices, has also benefited from a joint venture with Japan's Kioxia, which helps share rising capital expenditures in an industry where annual costs have soared to as much as $30 billion. That structure, along with conservative production management, has made Sandisk's margins more stable in downturns, the brokerage said. While eSSD adoption is still growing, accounting for only 15% of revenue in the second half of 2024, the note flagged long-term margin and valuation improvement if pricing trends firm up across the industry. Still, the firm warned of several risks to its thesis, including heightened price competition from Chinese rival YMTC, the fragmented nature of the NAND market, and the sector's vulnerability to economic cycles and capex volatility. Despite these challenges, the brokerage said Sandisk's positioning and valuation leave room for upside as industry fundamentals stabilize. Related articles BofA starts Sandisk at Buy on margin upside, NAND recovery prospects Microsoft plans to cut thousands of jobs in sales division - Bloomberg Barclays and Santander are potential bidders for Banco Sabadell's TSB unit
