Pure Storage, Inc. (PSTG) Tops Q4 EPS by 4c, Sales Beat; Guides Above the Street
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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
