Wall Street await Pure Storage Inc (NYSE: #PSTG ) to release earnings on November, 30 after the close. Analysts forecast EPS of $-0.30, up exactly $0.09 or 23.08% from 2014’s $-0.39 EPS. After posting $-0.31 EPS for the previous quarter, #PureStorage Inc’s analysts now forecast -3.23% EPS growth. The stock decreased 0.84% or $0.12 during the last trading session, hitting $14.13. Pure Storage Inc (NYSE:PSTG) has declined 3.94% since April 26, 2016 and is downtrending. It has underperformed by 9.20% the S&P500.
Pure Storage Inc (NYSE:PSTG) Ratings Coverage
Out of 20 analysts covering Pure Storage (NYSE:PSTG), 12 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 60% are positive. Pure Storage has been the topic of 24 analyst reports since October 8, 2015 according to StockzIntelligence Inc. Evercore initiated Pure Storage Inc (NYSE:PSTG) rating on Monday, November 2. Evercore has “Buy” rating and $21 price target. The firm has “Buy” rating given on Thursday, January 28 by Maxim Group. The firm earned “Buy” rating on Monday, November 2 by Stifel Nicolaus. The rating was initiated by Summit Research on Tuesday, December 29 with “Hold”. Pacific Crest initiated it with “Overweight” rating and $24 target price in Monday, November 2 report. The stock of Pure Storage Inc (NYSE:PSTG) has “Outperform” rating given on Friday, December 11 by BMO Capital Markets. The firm earned “Buy” rating on Tuesday, January 19 by Lake Street. The rating was initiated by Sterne Agee CRT with “Neutral” on Wednesday, November 11. The stock of Pure Storage Inc (NYSE:PSTG) has “Negative” rating given on Tuesday, December 8 by Susquehanna. The rating was upgraded by Oppenheimer to “Outperform” on Wednesday, August 31.
Pure Storage, Inc. provides an enterprise data storage platform. The company has a market cap of $2.79 billion. The Company’s storage platform consists of approximately three integrated components, including the Purity Operating Environment, which is its flash-optimized software; FlashArray, which is its modular and scalable all-flash array hardware, and Pure1, which is its cloud management and support. It currently has negative earnings. The Company’s clients include large and mid-size organizations across a diverse set of industry verticals, including cloud software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications.
According to Zacks Investment Research, “Pure Storage, Inc. offers enterprise data storage platform. The company’s storage platform provides Purity Operating Environment, a flash-optimized software; FlashArray, a modular and scalable all-flash array hardware and Pure1, a cloud-based management and support platform. It operates primarily in the United States, Europe and Asia. The company serves cloud-based software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications sectors. Pure Storage, Inc. is headquartered in Mountain View, California.”
More important recent Pure Storage Inc (NYSE:PSTG) news were published by: Fortune.com which released: “EMC and Pure Storage Bury the Hatchet in Bitter Legal Dispute” on October 19, 2016, also Fool.com published article titled: “Why Pure Storage, Inc. Shares Tanked Today”, Wsj.com published: “Pure Storage Wins New Trial in EMC Patent Case” on September 02, 2016. More interesting news about Pure Storage Inc (NYSE:PSTG) was released by: Wsj.com and their article: “Pure Storage, Dell Settle Litigation Launched by EMC” with publication date: October 19, 2016.
PSTG Company Profile
Pure Storage, Inc., incorporated on October 2, 2009, provides an enterprise data storage platform. The Company’s storage platform consists of three integrated components, including the Purity Operating Environment, which is its flash-optimized software; FlashArray, which is its modular and scalable all-flash array hardware, and Pure1, which is its cloud management and support. The Company’s clients include large and mid-size organizations across a diverse set of industry verticals, including cloud software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications. The Company’s platform is used for a set of storage use cases, including database applications, private and public cloud infrastructure, virtual server infrastructure and virtual desktop infrastructure.
No comments:
Post a Comment