#Enterprisestorage company #PureStorage ’s stock plunged more than 13 percent on Thursday, the day after it reported earnings and a weak revenue forecast. Pure Storage, which makes flash-based storage devices, expects revenue to hit between $171 million and $179 million for the first quarter of 2017, far beneath Wall Street's estimate of $201.74 million. The company’s stock was trading at $9.77 at market close on Thursday, well below the $17 price shares fetched when the company went public in October 2015.
http://www.bizjournals.com/sanjose/news/2017/03/02/pure-storage-s-stock-drops-on-weak-revenue.html
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