Pure Storage Announces Fourth Quarter and Fiscal Year 2016 Financial Results
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BMO Capital Reiterates Outperform on Pure Storage, Inc. (PSTG) Following A Strong 4Q
March 3, 2016 8:57 AM ESTBMO 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
Pure Storage (PSTG) FCF Positive Earlier Than Expected - Raymond James
March 3, 2016 8:45 AM ESTRaymond James analyst, Brian Alexander, is increasingly positive on Pure Storage (NYSE: PSTG) after the company became Free Cash Flow positive earlier than expected. Management pulled forward its goal of sustainable FCF generation to 2H:CY17 (from CY18) but since the FCF upside was driven by revenue upside, positive surprises could continue to bring this date forward. No change to the Outperform rating but the PT drops to $21 from $23 on valuation compression.
Revenue of $150.2... More
Pure Storage, Inc. (PSTG) Tops Q4 EPS by 4c, Sales Beat; Guides Above the Street
March 2, 2016 4:07 PM ESTPure Storage, Inc. (NYSE: PSTG) reported Q4 EPS of ($0.12), $0.04 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $150.2 million versus the consensus estimate of $138.57 million.
GUIDANCE:
Pure Storage, Inc. sees Q1 2017 revenue of $135-139 million, versus... More
