Pure Storage, Inc. (PSTG) Tops Q4 EPS by 4c, Sales Beat; Guides Above the Street
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/15/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
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
