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SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced a collaboration with Kioxia Corporation ("Kioxia"), a world leader in memory solutions, to develop cutting-edge technology that addresses the growing demand for high-performance, scalable storage infrastructure among today's hyperscale environments. Industry Significance: Traditional storage solutions, particularly those relying on hard disk drives (HDDs), struggle to meet the demands of hyperscale environments due to their limited speed, scalability, reliability, and excessive power consumption. HDDs are ill-equipped to handle the massive, fast-growing volumes of data generated in these environments without introducing latency and bandwidth limitations, and are difficult to scale and integrate seamlessly into modern data centers. To eliminate these obstacles, the latest collaboration between Pure Storage and Kioxia will deliver a data storage platform engineered from the ground up to tackle the needs of hyperscale environments, allowing for rapid scale while lowering power consumption and reducing the overall physical footprint of hyperscale data centers. News Highlights: With the combination of Pure Storage's advanced data storage platform with Kioxia's industry-leading QLC flash memory, hyperscalers can now keep pace with growing data demands without sacrificing performance. Benefits include: Executive Insight: "Collaborating with Kioxia allows Pure Storage to bring the full potential of all-flash storage technology to hyperscale environments. Pure has a decade of experience in delivering systems that manage flash for enterprise businesses. Now we're using those innovations, and Kioxia's latest technology, to enable the hyperscalers. Together, we're creating a solution that will empower these organizations to manage their data seamlessly, with speed and efficiency at the core." – Bill Cerreta , GM, Hyperscale, Pure Storage "Our collaboration with Pure Storage marks an exciting milestone in the evolution of hyperscale storage. As data volumes continue to explode, we're committed to delivering a solution that combines high performance with lower operational costs. All-flash technology is the future of storage, and through this collaboration, we are driving the innovation needed to address the complexities of today's hyperscale environments." - Caesar Ichimura , Chief Marketing Officer, Kioxia Corporation About Pure Storage Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Pure Storage, the Pure Storage P Logo, and the marks in the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Analyst Recognition A Leader in the 2024 Gartner Magic Quadrant for Primary Storage A Leader in the 2024 Gartner Magic Quadrant for File and Object Storage Platforms Connect with Pure Blog LinkedIn X Facebook View original content to download multimedia: https://www.prnewswire.com/news-releases/pure-storage-and-kioxia-collaborate-to-drive-scalability-efficiency-and-performance-in-hyperscale-data-centers-302321513.html SOURCE Pure Storage
CNBC Daily Open: Inflation's still high — but so is the stock marketNighdive Studios seems to have quietly announced a The Thing: Remastered release date of December 5, 2024. It’s a launch plan that will see the survival horror reimagining arriving later this week if the release date promised in a recent is accurate. The post, which was published late last week, specifically covers new Xbox game releases from December 2 through December 6, mentioning titles such as The Thaumaturge, Marvel Rivals, and early access for Indiana Jones and the Great Circle. Considering Nightdive has yet to announce a proper date and its still says launch is simply “coming soon,” The Thing: Remastered’s inclusion should raise some eyebrows. Nightdive at IGN Live in June of this year, promising to deliver a bone-chilling upgrade for the classic 2002 adaptation before 2024 came to a close. from the studio’s X/Twitter account promised that the release date is in December earlier today but did not clarify whether the December 5 date shown in the Xbox Wire post is accurate. If it is, then we shouldn’t have to wait much longer before the full experience is available for everyone to play for themselves. In addition to Xbox One and Xbox Series X | S, The Thing: Remastered is currently set to come to PC via Steam, Nintendo Switch, PlayStation 4, and PlayStation 5. Nightdive has made a name for itself as an experienced remaster studio throughout the last few years. Other titles in its catalog include remasters for the Turok trilogy, Star Wars: Dark Forces, System Shock, Shadow Man, and more. The Thing: Remastered promises a suite of additions to help bring the original experience to modern platforms. These include dynamic lighting, up to 144fps, 4K resolution, antialiasing, and other general gameplay improvements. While we wait for Nightdive to share more about its plans for The Thing: Remastered, you can read about , another one of its projects that launched earlier this year. You can also read up on , and .
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MongoDB, Inc. ( NASDAQ:MDB – Get Free Report ) shares shot up 5.4% during mid-day trading on Friday . The company traded as high as $337.56 and last traded at $332.36. 473,438 shares traded hands during trading, a decline of 67% from the average session volume of 1,438,215 shares. The stock had previously closed at $315.44. Wall Street Analyst Weigh In Several research analysts recently weighed in on MDB shares. Stifel Nicolaus upped their price objective on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Royal Bank of Canada restated an “outperform” rating and set a $350.00 price objective on shares of MongoDB in a research report on Friday, August 30th. Sanford C. Bernstein upped their target price on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Wedbush raised MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, UBS Group lifted their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.54. Check Out Our Latest Research Report on MDB MongoDB Stock Performance MongoDB ( NASDAQ:MDB – Get Free Report ) last announced its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same quarter in the previous year, the firm posted ($0.63) EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities analysts predict that MongoDB, Inc. will post -2.39 EPS for the current year. Insiders Place Their Bets In related news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the completion of the transaction, the director now directly owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. This trade represents a 0.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the sale, the chief financial officer now owns 80,307 shares in the company, valued at approximately $23,313,925.17. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here . In the last quarter, insiders have sold 25,600 shares of company stock worth $7,034,249. Company insiders own 3.60% of the company’s stock. Institutional Trading of MongoDB Institutional investors and hedge funds have recently bought and sold shares of the company. Jennison Associates LLC grew its holdings in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after buying an additional 592,038 shares during the last quarter. Swedbank AB lifted its position in MongoDB by 156.3% in the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after acquiring an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in MongoDB by 1,098.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after acquiring an additional 388,979 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in MongoDB during the 2nd quarter valued at $52,131,000. Finally, Avala Global LP bought a new stake in shares of MongoDB in the 3rd quarter worth $47,960,000. 89.29% of the stock is currently owned by institutional investors. About MongoDB ( Get Free Report ) MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. Recommended Stories Receive News & Ratings for MongoDB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MongoDB and related companies with MarketBeat.com's FREE daily email newsletter .Niger Suspends BBC Over Alleged False Reporting Amid Security Tensions
Former CJI Chandrachud removed fear of law from political defectors, claims Shiv Sena (UBT) leader Sanjay RautRSS Headquarters urges vigilance with WhatsApp messagesChinese FM slams US' sanctions on Chinese firm over so-called firewall compromise
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