UBS Reiterates Buy on Pure Storage, Inc. (PSTG) Following 2Q Report
- S&P 500 closes higher to secure strongest Q1 since 2019
- UBS sees 5 warnings signals on semiconductor chip stocks
- US consumer sentiment tops estimates in March to hit nearly 3-yr high, UMich says
- Reddit (RDDT) stock continues to slide as short-sellers eye stock
- Estée Lauder (EL) climbs as BofA upgrades to Buy on profit recovery expectations
- AMC Entertainment (AMC) enters into an equity distribution agreement
- Kerrisdale Capital is short Microstrategy (MSTR), long bitcoin
- Discover Financial Services (DFS) Announces CEO Resignation
- Intuitive Machines (LUNR) Files for $300M Share Offering, 160M Share Offering by Selling Stockholders
- AMC Entertainment (AMC) Enters $250M ATM Agreement
Pure Storage Announces Second Quarter Fiscal 2017 Financial Results
August 25, 2016 4:05 PM EDTMOUNTAIN VIEW, Calif., Aug. 25, 2016 /PRNewswire/ --Â Pure Storage (NYSE: PSTG) today announced financial results for its fiscal second quarter ended July 31, 2016.
Key financial highlights include:
Quarterly revenue: $163.2 million, up 92.8% Y/Y, and ahead of the guidance range of $153 million to $157 million. Quarterly gross margin: 65.2% GAAP; 66.3% non-GAAP, up 6.7 ppts and 7.1 ppts Y/Y, respectively, and in line with non-GAAP gross margin guidance of 65-68%. Quarterly operating margin: -36.4% GAAP; -19.3%... MorePure Storage: A Leader - Three Years in a Row
August 24, 2016 1:47 PM EDTMOUNTAIN VIEW, Calif., Aug. 24, 2016 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the market's leading independent solid-state array vendor, today announced that it has retained its position in the Leaders Quadrant of the Magic Quadrant for Solid State Arrays (SSAs) by Gartner, Inc., a leading global research firm. For the third straight year, Pure Storage is positioned furthest along the "Completeness of Vision" axis in the Leaders Quadrant.... More