Top Storage Stock to Buy With $500 Right Now
The company formerly known as Pure Storage is seeing accelerating demand.
Overview
Everpure (NYSE: P), formerly known as Pure Storage, is my top storage stock to buy right now. With the share price at $141 as of Oct. 5, a $500 investment buys three shares. Artificial intelligence (AI) is changing how companies handle data -- fueling accelerating demand for Everpure.
It's a leader in all-flash storage systems and software services for storing, managing, and protecting enterprise data. "We believe that our business is accelerating," CEO Charlie Giancarlo said at the Sept. 23 investor meeting.
Details
AI is pushing organizations to manage around data rather than applications, creating a huge opportunity for the company.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.