Technology
SPR’s latest channel checks indicate that large deals are finally progressing after previous delays as enterprises were still evaluating their alternatives and negotiating with Broadcom. However, some channels criticise NTNX for its rigid pricing strategy, suggesting the firm should adopt a more aggressive sales approach like Pure Storage. As expected the Dell / NTNX partnership continues to grow and SPR also believes NTNX is making progress on enhancing its Acropolis Hypervisor (ACH), that some estimated previously had ~80% of the functionality of VMware ESX. Enhancements to ACH will make it easier for NTNX to replace VMware, especially in complex operating environments.
Technology
Report by
Battle Road Research
In the past few weeks, PSTG released a new environmentally friendly solution and achieved $1bn+ in ARR from subscriptions to the company’s products for the first time in its history. In addition, the company maintains its leadership and first-mover advantage in the all-flash data storage market, possesses a vast and expanding set of large and diverse customers, and generates robust gross margins vs. peers. Boasting a strong balance sheet, potential for substantial top-line growth and a 30-35% earnings improvement over the next couple of years, Battle Road remains bullish with a TP of $40 (40% upside).
Technology
One of those rare hardware-centric companies that is putting up software like growth numbers but is still trading with a hardware multiple - PSTG can return to 20% revenue growth as the pandemic abates and as subscription sales accelerate Srini Nandury expects the stock to continue its recent re-rating (+30% in last 2 weeks). Its investment in addressing enterprise workloads will pay off as many customers are looking to wean themselves away from Dell/EMC complex. FlashArray//C to continue to be its fastest-growing product.
