UPDATE: Pure Storage, Inc. (PSTG) Beats Q1 EPS by 1c

Raymond James Cuts Price Target on Pure Storage, Inc. (PSTG) Following 1Q Earnings Report

Raymond James maintained an Outperform rating on Pure Storage (NYSE: PSTG), and cut the price target to $20.00 (from $21.00), following the company's 1Q earnings report. Total revenue of $140 million was above the high end of management's $135-139 million guidance range. Management noted that early feedback regarding its FlashBlade product is as enthusiastic as its early... More

Needham & Company Reiterates Buy on Pure Storage, Inc. (PSTG) Following 1Q Beat

Needham & Company reiterated a Buy rating and $18.00 price target on Pure Storage (NYSE: PSTG) following the company's 1Q earnings report. Pure reported results of $139.9M in revenue and -$0.22 in non-GAAP EPS, vs. consensus of $138MM/-$0.23.

Analyst Richard Kugele... More

Susquehanna Remains Bearish on Pure Storage, Inc. (PSTG) Following Slight 1Q Beat

Susquehanna maintained a Negative rating and $10.00 price target on Pure Storage (NYSE: PSTG) following the company's 1Q earnings report. PSTG reported revenue of $140M, ahead of the consensus of $138M, and the guide of $135M-$139M. Also, operating expenses came in slightly lower than expected, which helped the reported EPS loss of $(0.22) to be slightly better than the consensus estimate of $(0.23).

Analyst Mehdi Hosseini... More

Pure Storage (PSTG) Lack Of FY Guidance And Slight Upside Bring Profitability To Focus - Stifel

Stifel analyst, Aaron Rakers, notes Pure Storage (NYSE: PSTG) reported F1Q17 results were viewed as a disappointment relative to upside expectations $139.95M / $(0.22) vs. Street estimate of $138.2M / $(0.23) and the companys $135-$139M guide. However, Pures 1HF2017 results / guide implies +25% revenue and +32% operating income upside vs. pre-IPO... More

BMO Capital Downgrades Pure Storage (PSTG) to Market Perform

BMO Capital downgraded Pure Storage (NYSE: PSTG) from Outperform to Market Perform with a price target of $13.00 (from $25.00).

Analyst Tim Long commented, "We believe the full-year revenue and operating margin targets laid out last quarter may no longer be attainable. We... More