I think Pure is still my favorite bet to double in 2018 even though they’re only up 18% so far. (Ok maybe Wix would edge them out since it’s already up 46%.)
My favorite part of the article is where Bert laments the shortsightedness of analysts, Goldman’s in particular:
The GS analyst simply refuses the evidence that Dell remains as it has been since its consolidation, a market share donor. He continues to feel that rhetoric, particularly about pricing and sales execution, is a substitute for product benefits. Dell may have hired storage sale specialists and it continues to talk about its “refuse to lose” initiatives, but lose it does.
Dell? Really? That’s not even a good Cisco/Arista comp. Dell hasn’t been really relevant since the “Dude, you’re getting a Dell” guy. https://youtu.be/8BsWijdM0W0
Very glad to see Bert affirm that he’s still excited about Pure, too. He’s been writing about them on Seeking Alpha for close to two years now, and he certainly realizes that though they’re up some 80% in the last 12 months, they are still a company with a lot of room to run.
Bear