UBS Upgrades Pure Storage (PSTG) to Buy

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Go back to UBS Upgrades Pure Storage (PSTG) to Buy

Pure Storage (PSTG): Oversold Ahead of FlashBlade Launch - Raymond James

May 31, 2016 8:39 AM EDT

Raymond James analyst, Brian Alexander, hosted a group investor meeting with management of Pure Storage (NYSE: PSTG) following last week's sharp selloff. He came away more convinced that the pullback presents an opportunity, as:

1) concerns about decelerating growth appear overblown

2) confusion about managements commitment to its full year outlook should be increasingly understood

3) the pending launch of... More