Pure Storage Beats on Earnings and Revenue

May 24, 2017: Pure Storage reports Q1 EPS of -$0.14 versus the -$0.22 estimate. Revenue also beat coming in at $182.6 million versus the $177.53 million estimate.

Pure Storage CEO Scott Dietzen said, “Pure Storage has built the data platform for the cloud era. We are pursuing one of the biggest available markets in tech in supporting new data-driven applications including AI, the rapid adoption of cloud computing and the revamping of the enterprise data center. With our best year of innovation yet, we could not be more excited about the road ahead.”

April 30, 2017: Pure Storage is a turnaround play on rising money flow after Susquehanna raised Pure Storage to Net Positive from Net Neutral and set a price target of $15. Susquehanna raised Pure Storage on valuation.

Institutional traders have increased their positions in Pure Storage by 3.8% over the last 3 months.

Below is the Twiggs Money Flow on Pure Storage and you can see the positive divergence that often leads to a big move higher:

Pure Storage makes software-driven storage technology. Pure Storage FlashArray//m is simpler, faster and more elegant than any other technology in the data center. FlashArray//m is ideal for the move toward big data and for performance-intensive workloads such as cloud computing, database systems, desktop virtualization, real-time analytics and server virtualization. With Pure’s industry leading Satmetrix-certified NPS score of 79, Pure customers are some of the happiest in the world, and include large and mid-size organizations across a range of industries: cloud-based software and service providers, consumer web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications.

Alarm.com Beats on Earnings and Revenue

May 09, 2017: Alarm.com reports Q1 EPS of $0.23 versus the $0.15 estimate. Revenue also beat coming in at $74.2 million versus the $69.4 million estimate.

– Adj EBITDA $14.1M, +30% y/y
– SaaS and license revenue $50.2M, +26% y/y

December 12, 2016: Seeing heavy call activity 2400 Mar 35 calls traded at $0.70.

November 30, 2016: Maxim initiates coverage of Alarm.Com Holdings with a Buy rating, and a price target of $37.

November 14, 2016: Alarm.Com Holdings reports Q3 EPS of $0.19 versus the $0.11 estimate. Revenue also beat coming in at $67.8 million versus the $59.8 million estimate. The company names Steve Valenzuela the new CFO, effective November 15, 2016.

The CEO said, “Along with our service providers, we remain well positioned to capture growing momentum in the market for connected home and business solutions. At the same time, we continued to invest in our platform to open new market opportunities for Alarm.com and our partners. Valenzuela joins Alarm.com from SugarCRM, where he served as CFO since January of 2015.”

Alarm.com is the leading platform solution for the connected home. Alarm.com makes connected home technology broadly accessible to millions of home and business owners. Our cloud-based services enable home and business owners to intelligently secure their properties and automate and control a broad array of connected devices through a single, intuitive user interface.