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

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

May 26, 2016 9:18 AM EDT

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

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

May 26, 2016 8:12 AM EDT

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

May 26, 2016 7:59 AM EDT

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

Wall Street hits 'pause' after two-day surge

May 26, 2016 7:29 AM EDT

By Noel Randewich

(Reuters) - Wall Street treaded water on Thursday following two days of strong gains as advancing utilities offset declines in materials, banks and other cyclical industries.

Investors this week have grown more comfortable with expectations the Federal Reserve could raise interest rates as soon as June, with many taking the view that such a hike would reflect improvement in the country's economy.

After gaining 2 percent over the previous two sessions, the S&P 500 traded flat, with a 1.1 percent dip in the materials index partly offset by a 1.06 percent rise in utilities .

... More

BMO Capital Downgrades Pure Storage (PSTG) to Market Perform

May 26, 2016 6:12 AM EDT

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

After-Hours Stock Movers 05/25: (LGF) (PVH) (WSM) Higher; (PRGN) (PSTG) (ALDX) Lower (more...)

May 25, 2016 6:04 PM EDT

Today's After-Hours Movers:

Paragon Shipping Inc. (NASDAQ: PRGN) 47.2% LOWER; announced that it has received written notification from The NASDAQ Stock Market dated May 19, 2016, indicating that because the Company's stockholders' equity as of December 31, 2015 was below $2,500,000, the Company no longer meets the minimum stockholders' equity requirement for The NASDAQ Capital Market, set forth in NASDAQ Listing Rule 5550(b)(1). Pursuant to the NASDAQ Listing Rules, the Company has 45 calendar days to submit a plan to regain compliance. If the plan is accepted, NASDAQ can grant an extension of up... More

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

May 25, 2016 4:07 PM EDT

(Updated - May 25, 2016 4:27 PM EDT)

(corrects non-GAAP EPS amount)

Pure Storage, Inc. (NYSE: PSTG) reported Q1 EPS of ($0.22), 1 cent better than the analyst estimate of ($0.23). Revenue for the quarter came in at $139.9 million versus the consensus estimate of $138.13 million.

"We... More

Trading Radar for 5/25: HP, Inc. (HPQ), Tiffany & Co. (TIF), Costco (COST), PVH Corp. (PVH), NetApp (NTAP) Report

May 24, 2016 2:42 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

International Trade in Goods: Adv. - no Street consensus

9:00am EDT

FHFA Housing Price Index - no Street consensus

Earnings:

BMO Financial Group (NYSE:... More

Pure Storage (PSTG) Consensus Is Too Conservative - William Blair

May 24, 2016 7:44 AM EDT

William Blair analyst, Jason Ader, expects Pure Storage (NYSE: PSTG) to post strong results (likely beat-and-raise) relative to consensus, $138 million and $0.23. He also believes that managements revenue target for fiscal 2017 (January-ending) of $705 million at the midpoint (60% year-over-year growth) is likely... More