The MERCEDES AMG PETRONAS Formula One™ Team Accelerates Track Side Race Performance With Pure Storage

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BMO Capital Reiterates Outperform on Pure Storage, Inc. (PSTG) Following A Strong 4Q

March 3, 2016 8:57 AM EST

BMO Capital reiterated an Outperform rating and $25.00 price target on Pure Storage (NYSE: PSTG) following the company's 4Q results. Revenue of $150 million topped consensus estimate of $139 million, as gross margins beat expectations by more than 200 bps. EPS of ($0.12) was above consensus ($0.16)estimate.

Analyst Tim Long commented, "Pure reported a strong quarter, beating... More